Friday, April 10

Business

South Asia seeks unity, finance, shared governance to survive climate crisis
Business

South Asia seeks unity, finance, shared governance to survive climate crisis

‘If South Asia negotiates as fragmented individual emitters, it will lose; if it negotiates as a single climate-vulnerable system, it has leverage,’ says Zakir Hossain Khan, chief executive of Change Initiative think tankA weak outcome at COP30 would amount to ‘a denial of the natural right to survival of 2 billion people and the ecosystems sustaining them,’ says KhanISTANBULSouth Asia is approaching COP30 in Brazil not as a bystander but as a region already engulfed in climate crisis.For years now, nations across the region have contended with cyclones battering coastlines, rivers breaking their banks, and intense heat waves becoming the new normal.Despite contributing under 9% of global emissions, South Asia shoulders almost a third of global climate-related losses – including floods, dr...
Ripple Labs Eyes Traditional Finance After Funding, Acquisitions
Business

Ripple Labs Eyes Traditional Finance After Funding, Acquisitions

After raising $500 million in funding, increasing its valuation to approximately $40 billion, what does Ripple Labs, the blockchain company known for its cryptocurrency XRP, do for an encore? According to CEO Brad Garlinghouse, the next move is building a bridge between the cryptocurrency industry and traditional financial services, leveraging blockchain to enhance transaction speed, cost and efficiency. Over the past year, Ripple has made multiple acquisitions and launched initiatives aimed at integrating blockchain technology into conventional banking and finance. In an interview with CNBC’s “Crypto World” at the Ripple Swell 2025 conference in New York, Garlinghouse said, “The assets we have been buying have been on the traditional finance side, so we can bring crypto-enabled solution...
Cracking AI value requires CFO-CIO middle ground: Bloomfire
Business

Cracking AI value requires CFO-CIO middle ground: Bloomfire

As companies move from investments in generative artificial intelligence to building out and offering the solutions that will be powered by it, it’s crucial for leadership to have a clear-eyed understanding of what AI can actually do in the present, Brian Zander, vice president of marketing for knowledge management platform Bloomfire told CFO Dive. When it comes to implementing AI, “I think where the missteps happen is if you have over-inflated expectations of what AI is going to do for you, or if you are not clear about how you’re going to measure that impact and translate that into a cash value right from the get go,” he said in an interview. To avoid those hurdles, leaders like the CFO and the chief information officer need to be sure they’re covering each other’s blind spots in thos...
CoreWeave revenue boosted by AI boom, Paramount stock jumps, Occidental Petroleum falls
Business

CoreWeave revenue boosted by AI boom, Paramount stock jumps, Occidental Petroleum falls

The greater part of third quarter earnings results are in the rearview mirror, though investors this week are looking to reports from CoreWeave (CRWV), The Walt Disney Company (DIS), and Alibaba (BABA). So far, the Q3 earnings season is off to a positive start. As of Nov. 7, 91% of S&P 500 companies have reported results, according to FactSet data, and analysts are expecting a 13.1% jump in earnings per share during the third quarter. If that figure holds, it would mark the fourth straight quarter of double-digit earnings growth and an acceleration from the 12% earnings growth rate reported in Q2 of this year. Expectations were much lower coming into the quarter, as analysts expected S&P 500 companies to report a 7.9% jump in earnings per share in Q3, as of Sept. 30. Source...
Women Want Safe Spaces To Ask Questions About Their Finances
Business

Women Want Safe Spaces To Ask Questions About Their Finances

Toronto, ON, November 10, 2025 — A recent Ipsos survey for HomeEquity Bank reveals that only about a quarter of Canadians feel fully confident managing their finances; however, this increases to 40% for those over 55. Women under 35 are most likely to say they want safe spaces to ask questions (45%) to feel more confident managing their finances.Financial Guidance in Demand: Canadians Crave Trusted Advisors & Clear Info, Women Call for Safe Discussion SpacesCanadians recognize that financial confidence could be enhanced by accessing trusted financial advisors (29%), receiving clear, jargon-free information (27%), and having financial education tailored to various life stages (23%). Women, in particular, show an age-related shift in confidence; according to the Canadian Financial Monito...
Dan Patrick calls for DPS to investigate Texas Southern University
Business

Dan Patrick calls for DPS to investigate Texas Southern University

Audio recording is automated for accessibility. Humans wrote and edited the story. See our AI policy, and give us feedback. Lt. Gov. Dan Patrick ordered the Texas Rangers to investigate Texas Southern University on Monday after a state audit found evidence of poor bookkeeping and financial mismanagement. Patrick said he will contact Gov. Greg Abbott and House Speaker Dustin Burrows to freeze state funding for TSU, one of the largest historically Black universities in the country. It’s unclear if and when the freeze would go into effect and what impact it would have on current university operations. In a letter to Patrick’s office, State Auditor Lisa Collier said university staff vacancies for “critical” financial responsibilities have contributed to delays in financial reporting, as we...
TEN Holdings Reports Third Quarter 2025 Financial Results
Business

TEN Holdings Reports Third Quarter 2025 Financial Results

LANGHORNE, Pa., Nov. 10, 2025 /PRNewswire/ -- TEN Holdings, Inc. (NASDAQ: XHLD) ("TEN Holdings" or the "Company"), through its subsidiary, Ten Events, Inc., a provider of event planning, production, and broadcasting services, today announced its financial results for the quarter ended September 30, 2025. Company Logo (PRNewsfoto/TEN Holdings, Inc.) Management Commentary "During Q3 2025, we again achieved year-over-year revenue growth. Although modest, this growth demonstrated the stability of our core business and, we believe, laid the foundational groundwork for future revenue growth and operational efficiency," said TEN Holdings Chief Executive Officer, Randolph Wilson Jones III. "The quarter also saw us announce two pivotal achievements, the first of which was the launch...
Bain Capital Specialty Finance, Inc. Announces September 30, 2025 Financial Results and Declares Fourth Quarter 2025 Dividend of $0.42 per Share
Business

Bain Capital Specialty Finance, Inc. Announces September 30, 2025 Financial Results and Declares Fourth Quarter 2025 Dividend of $0.42 per Share

BOSTON, November 10, 2025--(BUSINESS WIRE)--Bain Capital Specialty Finance, Inc. (NYSE: BCSF, the "Company", "our" or "we") today announced financial results for the third quarter ended September 30, 2025, and that its Board of Directors (the "Board") has declared a dividend of $0.42 per share for the fourth quarter of 2025 and an additional dividend of $0.03 per share that was previously announced. "BCSF delivered another strong quarter of earnings driven by high net investment income that exceeded our regular dividend and continued healthy credit performance," said Michael Ewald, Chief Executive Officer of BCSF. "Looking forward, we believe the Company is well-positioned to continue to source high-quality lending opportunities supported by our dedicated Private Credit Group’s long h...
Common Grounds debut opens the book on University finances
Business

Common Grounds debut opens the book on University finances

In the debut episode of Common Grounds, Metropolitan State University of Denver President Janine Davidson, Ph.D., sat down with Vice President for Administration and Finance and Chief Financial Officer Jim Carpenter for a candid discussion about the University’s budget, financial priorities and the path forward amid challenging economic conditions.  Watch and learn:  (:48) Budget Basics: What drives MSU Denver’s revenue.   (1:10) Student Success = Financial Success: How MSU Denver’s “flywheel” fuels reinvestment in people and programs.   (1:45) Challenging Budget Year: How federal policy and state budget challenges affect higher education.    (3:20) How MSU Denver is navigating the challenge: Assessing hiring decisions, finding efficiencies and managing budgets strategically...