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38 Filipino firms in Fortune Southeast Asia 500 debut

There were 38 Philippine companies included in the inaugural Fortune Southeast Asia 500, which brings together the largest companies in the region as its core economy grows faster than those of Europe and the United States. Diversified conglomerate San Miguel Corp. (SMC) — led by businessman Ramon Ang — was the lone Filipino firm that entered the top 10 firms in terms of revenue with $26.023 billion. The company reported an P8.887-billion net...


Robinhood CEO discusses the brokerage's evolution leading up to another ride on the meme stock wave

SAN FRANCISCO (AP) — Meme stocks like GameStop are hot again, reviving memories of early 2021 when they turned into a craze that ended up burning many investors along with Robinhood Markets. The online brokerage was especially popular among younger generations helped propel the meme stock boom until it became so overwhelmed that it suddenly clamped down on trading. That move outraged many customers who blamed the brokerage for losses, sparking...


BlackSuit Cybercrime Gang Blamed in CDK Hack That Roiled Car Dealers

A hacking group called BlackSuit is behind the cyberattack on CDK Global that’s paralyzed car sales across the US, according to Allan Liska, a threat analyst at the security firm Recorded Future Inc.


McDonalds Drops Limited-Edition $5 Meal Deal: See What's Inside

McDonald's is pushing back against inflation with an exclusive month-long $5 meal deal.


NPC: 11M subjects affected in Jollibee data breach

Some 11 million data subjects were affected by an unauthorized access to the Jollibee Group’s data, which is currently being investigated by the fast food giant. According to the National Privacy Commission (NPC) on Monday, it was notified by the Jollibee Group of a possible unauthorized access to its data on Saturday morning, compromising sensitive personal information such as dates of birth and senior identification numbers. “Approximately 11...


PH lags behind regional peers in human capital development —World Bank report

The Philippines trails behind its peers and scores lower than the average of upper middle-income countries when it comes to human capital development and this needs to be addressed for the country to reach high-income status, a World Bank report released on Monday showed. In its report “The Philippines Human Capital Review,” the World Bank gave the Philippines a Human Capital Index (HCI) of 0.52, indicating that a child born in the country in...


Best Savings Account Interest Rates In Massachusetts: June 2024

Vault’s Viewpoint: Overview of the Best Savings Rates In Massachusetts Savings Account Superlative APY Minimum Deposit Monthly Fees Berkshire One Savings Best Local Bank 4.00% $250 $5 (can be waived) Sharon & Crescent United Credit Union (SCU) Direct Best Local Credit Union Up to 5.00% $10 $0 DCU Primary Savings Best for Small Deposits Up […] The post Best Savings Account Interest Rates In Massachusetts: June 2024 first appeared on Newsweek...


Oracle Warns That a TikTok Ban Would Dent Revenue and Profit

Oracle Corp. warned investors that a new law potentially banning TikTok in the US threatens to hurt its financial results.


DICT backs proposed bills for rental-free internet connectivity

The Department of Information and Communications Technology (DICT) said it will work with Congress for the reclassification of internet links as “public service,” which requires no rental payments for internet connectivity. DICT Assistant Secretary Renato Paraiso is referring to House Bill Nos. 900 and 8534 which seek to amend the National Building Code of the Philippines. HB No. 900 pushes for the inclusion of adequate space for facilities for...


The Best CD Rates In Massachusetts June 2024

Best CDs In Massachusetts 2024 To compile our list of the best CD rates in Massachusetts, we compared rates across multiple financial institutions. We also assessed potential terms, minimum deposit requirements and early withdrawal penalties to ensure we chose the best possible options. Vault’s Viewpoint: Overview of the Best Massachusetts CDs Two of the best […] The post The Best CD Rates In Massachusetts June 2024 first appeared on Newsweek...


Major pump price hike set Tuesday

Motorists will have to pay more for petroleum products this week, as oil firms are set to implement a major price hike on Tuesday which would offset all the rollbacks implemented in the previous week. In an advisory, Chevron Philippines Inc. (Caltex), Flying V, Petron Corp., Seaoil Philippines Corp., and Shell Pilipinas Corp. said they will hike prices per liter of gasoline by P0.85, diesel by P1.75, and kerosene by P1.90. Cleanfuel, Petro Gazz,...


Converge says services to be fully restored by 12 noon, June 17

Internet provider Converge Information and Communications Technology Solutions Inc. on Monday said it is working to restore its services by 12 noon on Monday, June 17, as its users may have experienced connectivity issues starting earlier in the day. In an advisory, Converge said its customers may have started to experience the issues at 9 a.m., but the issue has been addressed. It did not provide further information on the cause. “We have...


DOLE: Possible POGO ban to affect jobs of 22K Filipinos in NCR

Around 22,000 Filipinos working in legal Philippine Offshore Gaming Operators (POGOs) in Metro Manila might lose their jobs should the online gaming companies be banned in the country, the Department of Labor and Employment (DOLE) said Thursday. Labor Secretary Bienvenido Laguesma said that last year, they inspected all the legally operating POGO firms in the National Capital Region (NCR) and based on the inspection, they gathered data for the...


Remittances hit 11-month low in April

Remittances fell to an 11-month low in April after the seasonal increase recorded in the previous month, with inflows expected to be dragged down by the risk of an economic slowdown in the United States and other countries that host a large number of overseas Filipinos. Data released by the Bangko Sentral ng Pilipinas (BSP) on Monday showed that cash remittances or money transfers through banks or formal channels stood at $2.562 billion in...


Best Savings Account Interest Rates in Georgia: June 2024

Vault’s Viewpoint: Overview of the Best High-Yield Savings Rates in Georgia Savings Account Superlative APY Minimum Deposit Monthly Fees Georgia United Credit Union High Earning Savings Best for a Georgia-Based Credit Union 3.75% $100 $5 per quarter if balance falls below $5 per month; $5 per withdrawal in excess of 2 withdrawals per month BrioDirect […] The post Best Savings Account Interest Rates in Georgia: June 2024 first appeared on...


Xi Urges China to Combat Rivals’ Tech Dominance During Chip Battle With US

Xi Jinping called on China to step up innovation because other countries dominate certain key technologies, comments that underscore his nation’s escalating semiconductor confrontation with the US.


Car dealerships in North America revert to pens and paper after cyberattacks on software provider

NEW YORK (AP) — Car dealerships in North America are still wrestling with major disruptions that started last week with cyberattacks on a company whose software is used widely in the auto retail sales sector. CDK Global, a company that provides software for thousands of auto dealers in the U.S. and Canada, was hit by back-to-back cyberattacks Wednesday. That led to an outage that has continued to impact operations. For prospective car buyers,...


Social Security Provides New Update: What It Means

The agency is revising how it will determine whether someone is designated "not disabled."


Uber Is Locking Out NYC Drivers Mid-Shift to Lower Minimum Pay

Uber Technologies Inc. has begun locking New York City drivers out of its app during periods of low demand in an attempt to fight a minimum wage rule, and Lyft Inc. is threatening to do the same. As a result, some drivers say their wages have fallen by as much as 50%.


Marcos economic managers urge Japan firms to expand in Philippines

The economic managers of the Marcos administration on Wednesday urged Japanese companies to expand their presence in the Philippines. In a news release, the Department of Finance (DOF) said the country’s delegation to Tokyo, led by Finance Secretary Ralph Recto, held meetings with Sojitz Corporation, Mitsubishi Corporation, Murata Manufacturing Co., Ltd., and Sumitomo Corporation on the sidelines of the Philippine Economic Briefing. The meetings...


Fed’s Daly Warns of Labor Market Risks, Nearing Inflection Point

Federal Reserve Bank of San Francisco President Mary Daly warned the US labor market is nearing an inflection point, where further slowing could mean higher unemployment.


Thailand to Raise Tax Breaks, Trim Lock-Ups to Buoy Stocks

Thailand plans to raise the tax allowance and trim lock-up periods for holders of ESG-focused funds as part of efforts to bolster the local equity market, hit by a foreign investor exodus.


Bankruptcy trustee discloses plan to shut down Alex Jones' Infowars and liquidate assets

A U.S. bankruptcy court trustee is planning to shut down conspiracy theorist Alex Jones' Infowars media platform and liquidate its assets to help pay the $1.5 billion in lawsuit judgments Jones owes for repeatedly calling the 2012 Sandy Hook Elementary School shooting a hoax. In an “emergency” motion filed Sunday in Houston, trustee Christopher Murray indicated publicly for the first time that he intends to “conduct an orderly wind-down” of the...


Nvidia Finance Executive to Join Startup After ‘Experience of Lifetime’

Nvidia Corp. Vice President Simona Jankowski, who runs investor relations and strategic finance at the chipmaker, is leaving to become chief financial officer at a startup.


Philippines stays at 52nd spot in world competitiveness ranking

The Philippines’ competitiveness ranking across the world remained at the same level as last year as challenges offset improvements this year, according to a report by Switzerland-based Institute of Management Development (IMD). In its 2024 World Competitiveness Report, the IMD placed the Philippines 52nd out of 67 economies it ranked all over the world. The country remained in the same spot as last year’s. The IMD’s World Competitiveness...


8 Best Web Hosting Services of 2024

Best Web Hosting Services of 2024 Web Hosting Introduction There’s more that goes into building a website beyond just writing the code. You need a place to host it, and that’s where your web host comes in. Here’s what you need to know about how all that comes together. What Is a Web Host? A […] The post 8 Best Web Hosting Services of 2024 first appeared on Newsweek Vault.


The Best CD Rates In New York June 2024

Best CDs In New York 2024 To find the best New York CD rates, we looked at local and online banks as well as credit unions. We evaluated the APY, minimum deposit requirements and term lengths offered. Vault’s Viewpoint: Overview of the Best New York CDs The best New York CD rates currently offer APYs […] The post The Best CD Rates In New York June 2024 first appeared on Newsweek Vault.


Airbus Cuts Guidance as Supply-Chain Snags Continue to Bite

Airbus SE cut its earnings and aircraft-delivery goals for the year as persistent supply-chain issues continue to deprive the European planemaker of vital components, dealing a setback to the company at a time when demand for its jets is at a record.


Supreme Court Deals Blow to Home Depot

The high court declined to hear the company's challenge over a settlement agreement involving Blue Cross Blue Shield.


Supreme Court rejects challenge to new horse racing anti-doping rules

WASHINGTON (AP) — The Supreme Court on Monday rejected a challenge from Republican-controlled states to a horse racing safety law that has led to national medication and anti-doping rules. The justices left in place an appeals court ruling that upheld the law and rejected claims that Congress gave too much power to the Horseracing Integrity and Safety Authority, the private entity that administers the rules. Charles Scheeler, chairman of HISA's...


Couple Restore Crumbling 300-Year-Old Italian Villa: 'Interior Goals'

"We thought it would be a tragedy for the property, from the 1700s, to be lost forever," Jordan Kamellard told Newsweek.


Supreme Court Signals July End to Term as Trump Ruling Looms

The US Supreme Court signaled it will take the unusual step of extending its term into July as it finishes work on about a dozen cases, including Donald Trump’s bid for immunity from prosecution for attempting to overturn his 2020 election loss.


SSS requires use of payment reference numbers for housing loan payments

The Social Security System (SSS) on Friday announced that housing loan borrowers must present a Payment Reference Number (PRN) for their loan payments beginning this month. In a statement, the SSS said the use of PRN will make it easier for borrowers to pay their housing loans and have it posted on the same day on their loan accounts. The initiative forms part of the pension fund’s transition to Real-Time Processing of Loans (RTPL) aimed at...


Yellen Bids To Boost Affordable Housing

The Treasury Secretary is due to unveil a $100 million investment over the next 3 years to promote homes crisis initiatives.


Tech Hits Stocks as Nvidia Extends Selloff to 13%: Markets Wrap

Stocks lost traction as a roughly $430 billion plunge in Nvidia Corp.’s value raised speculation that the rally in the industry that has powered the bull market was due for a breather.


Mexico, US Reach Deal to Resume Avocado Shipments, Governor Says

The US and Mexico have reached a deal to restart inspections of mango and avocados from the state of Michoacan more than a week after they were halted over security concerns, Governor Alfredo Ramirez Bedolla announced in a press conference.


Green lanes certified investments reach P2.321-T —BOI data

The amount of investments which secured green lane certifications has grown to over P2 trillion, more than a year since an executive order creating green lanes to fast track processing of strategic investments was issued. Data released by the Board of Investments (BOI) on Thursday showed that the One-Stop Action Center for Strategic Investments (OSAC-SI) —a single point of entry for all projects qualified as strategic investments— certified...


Salmon Group eyes $2-B loan portfolio in next five years

Financial technology firm Salmon Group Ltd. on Wednesday said it targets to grow its loan portfolio to $2 billion in the next three to five years as it seeks to expand its customer base by catering to what it calls the “neglected” market, and stepping into other countries in Southeast Asia. According to Salmon co-founder Raffy Montemayor, the firm is looking to reach a $2 billion or P100 billion loan portfolio in the next three to five years,...


Yuan Pressure Mounts as Trading Disruptions Appear Once More

The yuan is bumping up against the weak edge of its allowed trading range against the dollar, and once again, certain currency transactions with shorter settlement dates are being affected.


These Cities Have The Highest Credit Card Debt

Across the country, Americans owe $1.26 trillion in credit card debt, which would translate to roughly $10,500 per household.


Ken Griffin’s Data Leak Suit Against IRS Ends in Settlement

The US Internal Revenue Service agreed to settle a lawsuit brought by hedge fund manager Ken Griffin that accused the agency of failing to protect his confidential financial information from a contractor who stole his tax data and leaked it to ProPublica.


American Renters Can't Afford Their Apartments

U.S. renters make about $11,000 less a year than what they need for an apartment at a median price of roughly $1,650 per month.


Dominance, data, disinformation: Europe's fight with Big Tech

The European Union warned Apple on Monday that its App Store is breaching its digital competition rules, placing the iPhone maker at risk of billions of dollars in fines. In one of the most notorious cases, the European Commission in 2016 ordered Apple to pay Ireland more than a decade in back taxes -- 13 billion euros -- after ruling a sweetheart deal with the government was illegal.


L Catterton, Employees to Sell 14 Million Birkenstock Shares

Private equity firm L Catterton and a group of employees of Birkenstock Holding Plc are offering to sell 14 million shares of the US-traded footwear maker, days after it hit its highest level since its initial public offering.


The Best CD Rates In Chicago June 2024

Best CDs In Chicago 2024 We chose the following CDs based on the interest rates they offer, their minimum deposit amounts and availability in various ZIP codes in the city of Chicago, Illinois, and the surrounding areas. These financial institutions offer some of the best CD rates in Chicago, and each CD in our ranking […] The post The Best CD Rates In Chicago June 2024 first appeared on Newsweek Vault.


8 Best Web Hosting for Small Business of 2024

Best Small Business Web Hosts of 2024 Web Hosting Introduction When choosing a web hosting company for your small business, it makes sense to consider the fundamentals. For example, an e-commerce company with hundreds or thousands of products has different needs from a professional services site. What Is a Web Hosting Service? A web hosting […] The post 8 Best Web Hosting for Small Business of 2024 first appeared on Newsweek Vault.


Speaker sees rice prices going down to P29 to P34 per kilo in August

Rice prices in the country could go down to P29 to 34 per kilo by August, House Speaker Martin Romualdez said Monday. Romualdez made the announcement in the aftermath of his meeting with Philippine Rice Industry Stakeholders Movement (PRISM) founder and lead convenor Rowena Sadicon and co-founder Orly Manuntag, also the spokesperson of Grain Retailers Confederation of the Philippines (GRECON), saying the two organizations committed to reduce...


Argentina's growth plummets 5.1% in first quarter

Argentina's austerity-hit economy contracted by 5.1 percent in the first quarter, the national statistics agency said Monday, driven by a slowdown in the construction and manufacturing industries. The manufacturing industry contracted by 13.7 percent and the only sector growing was exports -- up 26.1 percent year on year.


The Best CD Rates In Rhode Island June 2024

Best CDs In RI 2024 We analyzed the data to select the best Rhode Island certificates of deposit. We looked at criteria such as the APY, minimum deposit, early withdrawal penalties and customer service ratings. Here, we’ve rounded up our top three picks for Rhode Island. Vault’s Viewpoint: Overview of the Best Rhode Island CDs […] The post The Best CD Rates In Rhode Island June 2024 first appeared on Newsweek Vault.


Fed’s Daly Urges San Francisco Employers to Bring Workers Back to Office

Federal Reserve Bank of San Francisco President Mary Daly said employers in her city should bring remote workers back to offices to help rejuvenate the local economy.