Wed, January 15, 2025

by: AOL

Bitcoin and stocks have been moving in sync: Morning Brief

It's been just over a year since the SEC legalized bitcoin spot ETFs. And in that time one thing has become fairly obvious: "Digital gold" may not be the best description.

by: WSPA

Upstate finance professional breaks down biggest tax changes for 2025

Major changes affecting everyone from small business owners to hobbyists are expected for the 2025 tax season. The IRS is tightening its belt when it comes to

by: ProPublica

Tribal Lenders Say They Can Charge Over 600% Interest. These States Stopped Them.

Online lenders tied to Native American tribes argue that they aren't subject to state lending laws, but they backed away from operating in six states where attorneys have acted forcefully to protect consumers.

by: Reuters

Developer GuocoLand secures green loans totalling $908 million

Real estate group GuocoLand has secured two green loans amounting to a total of S$1.24 billion ($907.8 million) from Singaporean lenders DBS and Oversea-Chinese Banking Corp , it said in a statement on Wednesday.

by: SHINE

Shanghai economy surpasses US$695.6 billion in 2024

Shanghai's economy exceeded 5 trillion yuan (US$695.6 billion) in 2024, mayor of the east China metropolis, Gong Zheng, said Wednesday.

by: Reuters

French central bank recommends cut in popular savings account interest rate

Bank of France Governor Francois Villeroy de Galhau recommended on Wednesday that the government lower the regulated interest rate on popular tax-free savings accounts, offering French banks relief from payouts that exceed those offered by European peers.

by: Reuters

UK banks resist mortgage rate hikes amid money market turmoil

Britain's banks are accepting smaller profit margins and bigger risks on UK mortgage lending as stress in sterling money markets stretches into a second week, industry sources said, with appetite to lend greater than worries about higher funding costs.

by: MSN

Economy May Grow 20% With Female Participation, World Bank Says

Cherie Blair, the human rights lawyer and wife of former UK Prime Minister Tony Blair, will issue a rallying cry for women to have a louder voice in politics after female representation barely advanced in last year's international elections and as female public figures globally faced increased threats of violence.

by: MSN

Sluggish domestic demand leads to job market decline

Lackluster domestic demand is adversely affecting the labor market, where manufacturing, construction and other labor-intensive sectors offered fewer job opportunities and new jobs were created at a slower pace last year.

by: timesnownews

ITR Filing Deadline: Check Last Date To File Late ITR, Penalties And Other Details

Taxpayers have until January 15, 2025, to file late or revised Income Tax Returns (ITR) for FY 2023-24, per CBDT's extension. Missing this deadline can result in legal notices and additional penalties.

by: MSN

Exclusive: Brooks Macdonald makes senior layoffs

Brooks Macdonald has laid off a number of senior staff, including the firm's global head of distribution, in a bid to save costs, City AM can reveal. The redundancies from the asset manager were described by one former employee as "pretty brutal",
Tue, January 14, 2025

by: Emirates247

MoHESR and DEWA join forces to align the scholarship programme with national priorities

Abdulrahman Al AwarThis agreement marks a significant step in preparing Emirati youth for global labour market shiftsOur partnership with DEWA will strengthen our national talent pool, enhance the UAE

by: Kiplinger

How Another Trump Presidency Will Impact the Stock Market in 2025

President Trump will have little direct impact on the stock market, but his policies, initiatives and posts certainly can make prices move. Here's how.

by: Yahoo

Company Says Its Sexy Robot "Companions" No Longer Have Genitals and Are "Not Meant for Sex"

"Through their customized AI and realistic robots, Simulacra is positioned to be a leader in the newly emerging AI companionship market," reads a press release about Tokens.com's acquisition of the company's remaining shares.

by: Investopedia

What's Behind Surging Business Optimism? Likely Some of Trump's Proposals

Terry has 25 years experience in journalism and communications, reporting on a range of topics that include personal finance, telecommunications ... MoMo Productions / Getty Images Business optimism has surged since Donald Trump's election in November ...

by: Reuters

JPMorgan names CEO contender Jennifer Piepszak as its operations chief

JPMorgan Chase on Tuesday promoted insider Jennifer Piepszak, seen as a strong contender for CEO Jamie Dimon's role, as its chief operating officer in place of Daniel Pinto, who will retire at the end of 2026.

by: Firstpost

Will Union Budget 2025 deliver on financial sector reforms?

As India looks ahead to the 2025 Budget, the financial sector hopes for smart reforms that will boost stability, support entrepreneurship and make it easier for underserved regions to access capital

by: Forbes

How To Prepare Financial Statements For A Future Public Company

A successful micro-cap IPO relies on telling a compelling growth story, backed by consistent financial data. Ensure that your historical financial statements—typically covering at least the last three years—are prepared in a way that reflects your company's operational reality.

by: Forbes

Partnerships: How To Drive Business Success Without Draining Resources

Collaboration has become a key strategy for success as businesses adapt to a world that is always changing and becoming more complex. When it comes to innovation, expanding into new markets and mitigating risk, collaborative ecosystems will be ...

by: Tuko

Kenya Railways Announces Several Career Opportunities with January Deadline

Kenya Railways Corporation sought to recruit qualified and interested candidates in various fields such as communication, marketing, finance, and management.

by: Forbes

Conversational AI Trends For 2025 And Beyond

The true power of conversational AI lies not in its ability to mimic human speech but in how it reshapes decisions, builds trust and adapts to complexity.

by: Kiplinger

Irrevocable Trusts: So Many Options to Lower Taxes and Protect Assets

Irrevocable trusts offer nearly endless possibilities for high-net-worth individuals to reduce their estate taxes and protect their assets.

by: Reuters

What does Indian industry want from February's budget?

Indian Finance Minister Nirmala Sitharaman will present the national budget on Feb. 1, amid slowing growth in Asia's third largest economy and rising global uncertainties.

by: ThePrint

Small Finance Banks' growth to moderate to 18-20 pc in FY2025: Report

After experiencing robust growth in FY2023 and FY2024, small finance banks (SFBs) are likely to see a moderation in growth to 18-20 per cent in FY2025, down from 24 per cent in FY2024, according to ICRA.

by: Reuters

India to forecast stronger growth next year while sticking to fiscal deficit goals, sources say

India plans to project higher economic growth for the next fiscal year, two government officials with direct knowledge of the matter said, adding that fiscal deficit goals are being met and kept.

by: MSN

Sagittarius Daily Horoscope Today (Nov 22- Dec 21), January 14, 2025: Maintain generosity!

Sagittarius Money Horoscope Today Optimism in business will grow. Keep working smartly, as sudden developments may occur. Relationships will prove beneficial. Sagittarius Career Horoscope Today You may get involved in property-related matters.

by: MSN

It's Official! Tax Season Starts Jan 27, 2025 -- What You Need To Do and Know

The IRS has announced the official start of tax season. Learn what you need to know to get your returns filed on-time, accurately, and as inexpensively as possible. Don't fall victim to procrastination or fraud -- get armed with knowledge and make this tax season stress-free.

by: MSN

US economy to lose nearly 6 million American jobs, $1.1T in GDP if Congress lets Trump tax cuts expire: study

The U.S. economy stands to lose nearly 6 million American jobs and $1.1 trillion in GDP if President-elect Donald Trump's 2017 tax cuts expire at the end of 2025.
Mon, January 13, 2025

by: WDRB

Yum! Brands promotes Taco Bell president to lead KFC Division

Mezvinsky has worked for Yum! Brands, Inc. for 20 years and currently serves as president of Taco Bell North America and International. He will succeed Sabir Sami, who is stepping down as KFC CEO at the end of February.

by: Emirates247

UAE and Uzbekistan explore ways to enhance economic relations in sectors of new economy, FinTech, tourism and entrepreneurship

H.E. Bin Touq holds meeting with Minister of Investment, Industry and Trade of Uzbekistan H.E. Abdulla bin Touq Al Marri, Minister of Economy, held a meeting with H.E. Laziz Kudratov, Minister of Investment,

by: SiliconANGLE

Moonpay acquires Helio to enhance cryptocurrency commerce and trading infrastructure

Cryptocurrency infrastructure service provider MoonPay USA LLC announced today that it has acquired cryptocurrency payment platform startup Helio Fintech Ltd. to expand decentralized finance, creator commerce and trading infrastructure.

by: Investopedia

Salary vs. Hourly Pay: What's the Difference?

The Fair Labor Standards Act determines whether U.S. workers can be paid a salary or if they must be paid an hourly wage. It affects more than just their paychecks.

by: BBC

Chancellor will remain for all of Parliament, Downing Street says

Chancellor Rachel Reeves will remain in her role "for the whole of this Parliament", Downing Street has said, as she faces criticism over the falling pound and rising government borrowing costs.

by: CNET

Rocket Money Review 2025

The best one for you depends on your money management style and preferences, but Rocket Money is a great place to start. Formerly known as Truebill, Rocket Money won CNET's 2024 Editors' Choice award for best budgeting app because it's easy to use,

by: AOL

Female founders jump into action to provide relief for Los Angeles wildfire victims

- How to help. After wildfires burned 62 square miles and 12,000 structures in southern California, killing at least 16 people and displacing thousands of families, people have jumped into action to help. That includes female founders and business leaders eager to offer their time, products, and services to people in need.

by: CFO

A CFO action plan for 2025

by: CNET

IRS 1099-K Update: Venmo, PayPal and Cash App Users Should Know About This New Tax Rule

Originally set to kick off at the beginning of 2022, the IRS planned to implement a new reporting rule that would require third-party payment apps, like PayPal, Venmo or Cash App to report income of over $600 or more per year to the tax agency. The IRS delayed this new reporting requirement in 2022 and again in 2023.

by: Forbes

3 Billion-Dollar Entrepreneur Lessons From World Chess Champion Gukesh

Gukesh Dommaraju, an 18-year-old, recently won the 2024 World Chess Champion. Here are 3 crucial lessons for entrepreneurs to help them succeed — even without VC.

by: Forbes

Newlab To Launch A Saudi Hub. First Focus: Mining Startups

Newlab, a New York-based company that helps launch and fund startups in industrial sectors, is opening a new hub this year in Riyadh, Saudi Arabia. The hub aims to attract startups to Saudi Arabia, focusing first on the mining industry. Future programs will focus on energy, logistics and advanced manufacturing.

by: MSN

Here's how single women are successfully navigating an otherwise brutal market for first-time homebuyers

Use precise geolocation data and actively scan device characteristics for identification. This is done to store and access information on a device and to provide personalised ads and content, ad and content measurement, audience insights and product development. List of Partners (vendors)

by: sinchew

HKICPA participates in the Asian Financial Forum 2025: Explores new growth engines in global sustainability

The Hong Kong Institute of Certified Public Accountants (HKICPA) is participating in the two-day "Asian Financial Forum 2025" from today (13 January to 14

by: MSN

Libra Daily Horoscope Today (Sept 23- Oct 22), January 13, 2025: Morale will be high!

Libra Money Horoscope Today Career and business outcomes will be favourable. Interest in financial matters will grow. Good news is expected. You may start new ventures. Libra Career Horoscope Today Important tasks will be accomplished.

by: Reuters

Gulf bank QNB slightly beats estimates with 10% net profit rise in Q4

Qatar National Bank , the biggest Gulf lender by assets, posted on Monday a 10% rise in fourth-quarter net profit from a year earlier, slightly beating analyst estimates.

by: MSN

APRA initiative set to boost Africa's renewable energy investment

The Accelerated Partnership for Renewables in Africa (APRA) aims to increase Africa's share of global renewable energy investment beyond its current 2% level. Seven African nations have joined forces with international partners to unlock funding and drive sustainable development across the continent.

by: Reuters

Exclusive: Barclays sustainability chief exits in latest bank reshuffle

Barclays' group head of sustainability Laura Barlow has stepped down to pursue other opportunities, a spokesperson told Reuters, the latest senior reshuffle among Britain's top banks as the sector faces increased scrutiny over its climate efforts.

by: Forbes

The Right Time To Start Planning Your Business Sale

The best time to start planning is when your business is doing well—ideally growing, profitable and showing stable performance. Buyers want to invest in businesses with upward momentum. Planning early allows you to position the business as an attractive opportunity, not a distressed asset.

by: CIO

10 top priorities for CIOs in 2025

A new year brings new opportunities and fresh challenges. To better position your business to thrive in 2025, here's what CIOs should prioritize over the next 12 months.

by: Reuters

Six EU countries call for lowering of G7 price cap on Russian oil

Six European Union countries called on the European Commission to lower the $60 per barrel price cap put on Russian oil by G7 countries, arguing it would reduce Moscow's revenues to continue the war in Ukraine while not causing a market shock.

Irrevocable Trusts: So Many Options to Lower Taxes and Protect Assets

Irrevocable trusts offer nearly endless possibilities for high-net-worth individuals to reduce their estate taxes and protect their assets.

The article from Kiplinger discusses the use of irrevocable trusts as a strategy for estate planning, focusing on their benefits in reducing estate taxes and protecting assets. Irrevocable trusts, once established, cannot be altered or revoked by the grantor, which effectively removes the assets from the grantor's taxable estate. This can significantly lower estate taxes, especially for estates that might exceed the federal exemption limits. The article outlines various types of irrevocable trusts like life insurance trusts, charitable remainder trusts, and spendthrift trusts, each serving different purposes such as providing for heirs, supporting charitable causes, or protecting assets from creditors. It also highlights how these trusts can offer protection against legal judgments or financial mismanagement by beneficiaries. Additionally, the piece touches on the complexities involved in setting up and managing these trusts, suggesting that professional legal and tax advice is crucial due to the irrevocable nature of these arrangements and the potential for tax implications.

Read the Full Kiplinger Article at:
https://www.kiplinger.com/retirement/irrevocable-trusts-options-to-lower-taxes-and-protect-assets