Trump's Financial woes Deepen: Subprime Auto Lenders and Online Bank as Last Resorts

This news summary covers a wide range of financial topics, including: subprime lending, stadium subsidies, climate-risk rules, EV sector growth, bondholder requests, helmet manufacturer investments, renewable energy sales, cryptocurrency trends, financial adviser verification, luxury hotel expansion, real estate market updates, bankruptcy filings, gas industry debt, wealth management, pension income strategies, tipping incentives, consumer protection measures, housing construction challenges, oil production cuts, drought declarations, and political appointments.

Donald Trump's Last-Resort Lenders: Subprime Auto King and Online Bank

Donald Trump's financial woes continue to mount, as his primary lenders are subprime auto lender, Exeter Finance, and online bank, Axos. Both lenders specialize in providing loans to borrowers with poor credit, highlighting Trump's limited access to traditional financing.

NFL's Chiefs' $2 Billion Stadium Subsidy Rejected by Voters

Voters in Kansas City have rejected a $2 billion public subsidy for the Kansas City Chiefs' new football stadium. The vote is a major setback for the team and a sign of growing public opposition to taxpayer-funded sports facilities.

Fed Blocks Tough Global Climate-Risk Rules for Wall Street Banks

The Federal Reserve has rejected a proposal to require Wall Street banks to consider the financial risks posed by climate change. The decision has been met with criticism from environmental groups and some investors.

China Moves to Boost EV Sector by Relaxing Auto Loan Ratios

China is loosening its auto loan requirements in an effort to stimulate the electric vehicle (EV) sector. The move is aimed at increasing EV adoption and reducing pollution.

Founder Group Bondholders Ask China to Recognize Keepwell Ruling

Bondholders of China's Founder Group are urging the government to recognize a Hong Kong court ruling that would allow them to seize assets in China. The company is struggling with debt and has failed to meet its obligations.

NFL Helmet Maker Riddell Gets $400 Million from BC Partners

NFL helmet maker Riddell has received a $400 million investment from private equity firm BC Partners. The investment will help Riddell expand its product line and improve its technology.

India Coal Miner Plans $720 Million Sale of Renewables Unit

India's largest coal miner, Coal India, is planning to sell its renewable energy unit for $720 million. The move is part of the company's efforts to diversify its revenue streams and reduce its carbon footprint.

Bitcoin Algos Tracking ETF Flows Cited for Token's Swings in Asia

Trading algorithms that track exchange-traded fund (ETF) flows are being blamed for Bitcoin's recent price volatility in Asia. The algorithms are amplifying price movements by automatically buying and selling Bitcoin based on ETF inflows and outflows.

BlackRock, KKR Sell Adnoc Oil Pipeline Stake to Abu Dhabi Firm

BlackRock and KKR have sold their stake in the Abu Dhabi National Oil Company's (Adnoc) oil pipeline to a consortium of Abu Dhabi-based investors. The sale is part of Adnoc's plan to raise funds and reduce its debt.

Survey Finds Nearly Half of Canadians Feeling 'Stuck at Work'

A recent survey has found that nearly half of Canadians feel "stuck" in their jobs and are not actively looking for other opportunities. The survey highlights the challenges faced by employers in attracting and retaining talent.

Time to Shift That Parked RRSP Contribution into Drive

With the tax season approaching, experts are urging Canadians to consider tapping into their unused Registered Retirement Savings Plan (RRSP) contributions. Investing these funds can help grow savings and reduce tax liability.

'Like Throwing Money Down the Drain': Food Waste is Out as Grocery Prices Rise and Budgets Tighten

Rising food prices and tightening budgets are leading to increased awareness of food waste. Consumers are being urged to reduce food waste through planning, meal preparation, and storage techniques.

Dale Jackson: 4 Tax Tools That Can Keep More of Your Money Invested

Financial commentator Dale Jackson outlines four tax tools that investors can use to minimize their tax burden and maximize their investment returns. These tools include tax-free savings accounts, registered education savings plans, and life insurance policies.

Consider Tapping into Your Home Equity for Retirement Income: Financial Commentator

Financial commentator suggests considering using home equity as a source of retirement income. With rising interest rates and inflation, homeowners may be able to access additional funds through a home equity loan or reverse mortgage.

Emojis with Service Transactions Can Increase Tipping by up to 30%, Study Finds

A recent study has found that including emojis in service transactions can increase tips by up to 30%. The study suggests that emojis convey gratitude and personalization, encouraging customers to show appreciation through increased tips.

How to Avoid Paying the Pink Tax on Clothes, Toys, and Other Everyday Items

The "pink tax" refers to the price premium often charged for products marketed towards women. Consumers can avoid paying the pink tax by comparing prices, opting for gender-neutral products, and challenging retailers.

Ontario Regulator Launches Consumer Tool to Verify Financial Adviser Credentials

The Ontario Securities Commission has launched a new online tool that allows consumers to verify the credentials of financial advisors. The tool helps protect investors from fraud and promotes transparency in the financial industry.

Hilton Adds NoMad Hotel Brand in Deal to Expand Luxury Offerings

Hilton Hotels and Resorts has acquired the NoMad Hotel brand, expanding its portfolio of luxury properties. The acquisition aligns with Hilton's strategy of catering to high-end travelers.

Toronto Home Prices Rise in Second Monthly Increase Since July

Toronto home prices have increased for the second month in a row since July 2022. The rise is attributed to low inventory and high demand, but analysts caution that the market remains volatile.

World-Beating Manager Takes Over $495 Billion Calpers Fund

The California Public Employees' Retirement System (Calpers) has hired a new chief investment officer, Yu Ben Meng, who has a track record of outperforming the market. Calpers is the largest public pension fund in the United States.

New Zealand Posts First Annual Gain in House Prices in 18 Months

New Zealand has recorded its first annual gain in house prices in 18 months. The increase is attributed to a combination of factors, including strong demand, low interest rates, and limited new supply.

Greater Toronto Home Sales Down in March But Competition Pushes Prices Up: Board

Home sales in the Greater Toronto Area declined in March compared to the previous month. However, competition among buyers remains fierce, leading to an increase in average home prices.

SoftBank-Backed Window Maker to File for Bankruptcy to Cut Debt

SoftBank-backed window maker, View, is preparing to file for bankruptcy in an effort to reduce its debt. The company has been struggling with cash flow and supply chain disruptions.

Trudeau Puts Pressure on Provinces to Boost Housing Construction

Prime Minister Justin Trudeau is urging provinces to take action to increase housing construction and address the housing affordability crisis. The federal government is offering funding and incentives to support affordable housing initiatives.

Gas Tycoon Charif Souki Owes Lenders $100 Million, Judge Rules

A judge has ruled that gas tycoon Charif Souki owes lenders over $100 million in connection with the bankruptcy of a natural gas exploration company. Souki is known for his role in developing the Marcellus Shale gas field.

Turkish Billionaire, QIA Net $500 Million in Istanbul Mall Deal

Turkish billionaire Murat Ulker and Qatar Investment Authority (QIA) have netted $500 million from the sale of a shopping mall in Istanbul. The sale highlights the continued interest in Turkish real estate despite the country's economic challenges.

US Companies Added 184,000 Jobs in March, ADP Data Show

US companies added 184,000 jobs in March according to data from payroll processor ADP. The data suggests that the labor market remains robust despite concerns over the economic outlook.

An AI-Rally for Software Makers Will Demand Investor Patience

The recent rally in software stocks fueled by artificial intelligence (AI) applications is likely to test investors' patience. AI technology is still in its early stages of development and requires significant investment in research and development.

Morgan Stanley Is Staying Put in Canary Wharf for Another Decade

Morgan Stanley has committed to staying in its Canary Wharf headquarters in London for another 10 years. The decision reflects the firm's confidence in the UK financial sector despite Brexit and the rise of remote work.

Hilton Adds NoMad Hotel Brand in Deal to Expand Luxury Offerings

Hilton Hotels and Resorts has acquired the NoMad Hotel brand, expanding its portfolio of luxury properties. The acquisition aligns with Hilton's strategy of catering to high-end travelers.

Indian Oil in Talks with State Nuclear Firm for Small Reactors

Indian Oil Corporation is in discussions with the state-owned nuclear power company, Nuclear Power Corporation of India, to explore the use of small modular reactors for hydrogen production.

SEC Bribery Unit Probes Technology Companies' Use of Contractors

The US Securities and Exchange Commission's Foreign Corrupt Practices Act unit is investigating whether technology companies are bribing foreign officials through third-party contractors. The probe is part of a broader crackdown on corporate corruption.

Departing Boeing CEO Calhoun to Exit Caterpillar's Board as Well

Boeing CEO David Calhoun will resign from the board of directors of Caterpillar when his term expires in May. Calhoun's departure from Caterpillar follows his announcement that he will step down as Boeing CEO in 2023.

Moscow Is Outpacing Ukraine's Allies in the Race for Ammunition

Russia is outpacing Ukraine's allies in producing and supplying ammunition for the ongoing war. The imbalance is raising concerns about Ukraine's ability to sustain a prolonged conflict.

Blue Owl to Buy Kuvare Asset Management in Latest Insurance Deal

Blue Owl Capital is acquiring Kuvare Asset Management, a provider of insurance-linked securities. The deal is part of Blue Owl's strategy to expand its presence in the insurance industry.

Indian Oil in Talks with State Nuclear Firm for Small Reactors

Indian Oil Corporation is in discussions with