• Sun, February 2, 2025

by: CNN

These Americans don't think the economy is getting any better. Welcome to 'No Buy 2025'

Many Americans, especially female content creators, are pushing back against overconsumption and pledging to buy less — or even nothing beyond essentials — as well as not repurchasing a product they own until it has expired or no longer has use.

by: Couriermail

Former Labor premier Anna Bligh to retire as CEO of Australian Banking Association

Anna Bligh has announced she is standing down as the chief executive of the Australian Banking Association (ABA) after more than eight years in the role.

by: NDTV

Budget Focus On Bihar, Delhi Polls? N Sitharaman Cites Abraham Lincoln

Finance Minister Nirmala Sitharaman countered the Opposition's charge that the Centre has extended big Budget gifts to Bihar with an eye on the upcoming polls,

by: Reuters

Asia automakers lead the decline as region takes a beating from Trump tariffs

Shares of Japanese and South Korean car makers and their suppliers led declines in Asia on Monday, as exporters across the region were walloped by U.S. President Donald Trump's introduction of sweeping tariffs on Mexico,

by: MSN

Do you need to file Taxes in 2025? Here's what to know about income and refunds

Filing taxes might seem like a chore, especially if you're not required to do so. However, there are compelling reasons to consider submitting a tax return, even when it's not mandatory.

by: Reuters

Porsche starts talks to end CFO, sales chief contracts

Porsche's supervisory board has started talks to end finance chief Lutz Meschke's and sales executive Detlev von Platen's contracts early, the German luxury carmaker said in a statement late on Saturday,

by: MSN

Deep Dive: What Elon Musk's All-In Bet on Trump Means for Tesla

This weekend's deep dive explores Elon Musk's high-stakes gamble on a Trump presidency and what it means for Tesla's future. From Musk's $131 million investment in Trump's campaign to the potential policy shifts that could impact Tesla's electric vehicles,

by: MSN

Centre's tax clarity on VC asset sales to reduce litigation

Previously, the reading of the Income Tax Act led to proceeds from exits to be considered business income for domestic alternative investment funds (AIFs), leading to these firms paying income tax.

by: Reuters

Reactions to Trump's tariffs on goods from Mexico, Canada, China

U.S. President Donald Trump on Saturday ordered tariffs of 25% on Canadian and Mexican imports and 10% on goods from China starting on Tuesday to address what he calls a national emergency of fentanyl and illegal immigration pouring into the U.

by: MSN

Trump rolls out his vision to reshape America's schools

President Trump issued two executive orders that call on his administration to look into more funding for schools that adopt his political ideologies.

by: MSN

Trump imposes tariffs on Canada, Mexico and China

American importers will pay a new 25 percent tax on goods from Canada and Mexico and a 10 percent levy on products from China.

by: MSN

Japan's factory activity extends decline, optimism weakens, PMI shows

Japan's factory activity fell at the fastest pace in 10 months on sluggish demand, a private-sector survey showed on Monday, with business confidence hitting a more than two-year low in a sign that the manufacturing sector is under heavy pressure.

by: MSN

Prediction: 3 Stocks That'll Be Worth More Than Amazon 10 Years From Now

While the e-commerce behemoth is still a solid growth prospect, a handful of names are positioned to leapfrog Amazon in terms of sheer size.

by: MSN

America's favorite beer, avocados, gas and cheap stuff from Temu will get more expensive as economists warn of Trump tariffs impact

Avocados from Mexico. Cherry tomatoes from Canada. Cheap clothes from China's Shein and Temu. Gasoline at the pump. And even America's favorite beer. Economists and market analysts are warning that Americans should brace for higher prices on a raft of everyday goods after President Trump announced 25% tariffs on goods from Mexico and Canada and 10% on imports from China.
  • Mon, February 3, 2025

by: Indiatimes

Navigating Budget 2025: Implications for taxpayers and markets

Analysing Budget 2025 and how finance minister Nirmala Sitharaman's budget has had a fallout on markets; how can investors balance risks in evolving f

by: inc42

How AssetPlus Turned Mutual Fund Distribution Into A Scalable Tech Ecosystem

The platform provides MFDs with proprietary research on best-performing financial products, marketing materials and training programmes to improve advisory skills.

by: Fortune

How Trump's decision to fire NLRB and EEOC commissioners could change the future of the workplace

The impact of these dismissals "cannot be overstated."

by: ABC

Trump 2nd term live updates: Musk 'in the process' of 'shutting down' USAID, he says

President Donald Trump has begun his second administration with a series of controversial moves and decisions.

by: cnbctv18

How India's Makhana is becoming a global superfood

Makhana, or fox nut, is emerging as a globally recognised superfood due to its rich nutritional profile. Its growing popularity has driven international demand, with prices soaring up to ₹13,000 per kg in global markets, Business Today reported.

by: AOL

Bill Gates reminder on Intel struggles: One can get 'annihilated' if you miss a turn in the market

Shares of Intel have plunged 55% in the past year, badly lagging the 21% advance for the Nasdaq Composite ( ^IXIC ). Meanwhile, shares of rival chip player Nvidia have surged 78% over the past year as the company takes a wide lead on artificial intelligence chip innovation compared to Intel and AMD.

by: Forbes

Complexity Costs: A Hidden Tax On Your Business

Profit concentration is one of the clearest signs of complexity costs. Across nearly every business I've worked with, there's a similar dynamic: 20-30% of products, services or customers generate most of the profits (often more than 300%!), while the rest erode value.

by: BBC

Trump says EU tariffs will happen and UK is 'out of line' but deal 'can be worked out'

In essence, the imposition of 25% tariffs on Mexican goods has been expected by the Mexican government from the moment Donald Trump won the presidency. In recent days, President Claudia Sheinbaum has called for "cool heads" in dealing with the trade dispute - and with Washington more generally - under President Trump.

by: BBC

Trump delaying tariffs on imports for a month, Mexico's president says

The US president had said a 25% import tax on goods from Mexico would begin on Tuesday, along with tariffs on goods from Canada and China.

by: AOL

Trump's Executive Orders Could Delay Your Tax Refund This Year: Here's What You Can Do

President Donald Trump has issued a slew of executive orders (EO) since beginning his second term, including one that may have an impact on your tax refund. One of Trump's EOs initiated a

by: Reuters

Thai finance ministry wants to see rates cut this year

Thailand's finance ministry wants to see a cut in interest rates this year to be align with economic fundamentals and will discuss monetary policy easing with the central bank, a deputy finance minister said on Monday.

by: AOL

Robinhood will let you bet on Super Bowl LIX between the Kansas City Chiefs and Philadelphia Eagles

The online trading platform ended months of speculation on Monday by saying it would launch event contracts for Super Bowl LIX, allowing customers to place trades on who will win the big game: the Kansas City Chiefs or the Philadelphia Eagles. The event contracts are eligible starting Monday.

by: Reuters

Vanguard slashes fees; expects its investors will save $350 million in 2025

Asset manager Vanguard said on Monday it was lowering the cost of investing across its fund lineup in its largest cut ever and estimated that this would translate into savings of more than $350 million for its investors this year.

by: Reuters

ING CEO weighs acquisitions to grow in Germany, Italy and Spain

Dutch lender ING Groep is considering buying rival banks in major European countries to boost its size, the Chief Executive told Reuters, potentially joining a wave of takeovers that are sweeping the region's financial sector.

by: Reuters

ESG Watch: Companies 'complacent about cybercrime', despite rise in risk from AI

In the World Economic Forum's latest Global Risks Report three of the top 10 risks are technological: misinformation and disinformation; adverse outcomes of AI technologies; and cyber espionage and warfare.

by: Reuters

Americans have high hopes for Trump's economy, Gallup poll shows

Reuters, the news and media division of Thomson Reuters, is the world's largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers.

by: Reuters

Julius Baer announces net profit of $1.12 bln for 2024

Swiss bank Julius Baer on Monday reported a net profit of 1.022 billion Swiss francs ($1.12 billion) for 2024.

by: MSN

'Moneyball' and 'Big Short' author Michael Lewis says elite rich Americans often overlook these factors that are key to their success

The American dream is based on the idea that if you work hard enough, you can achieve great success — and great wealth. Many people believe we live in a meritocracy, and they tend to put the super rich on a pedestal,

by: MSN

How Marketers Are Bracing for Trump's Tariffs

President Donald Trump's stiff 25% import tariffs imposed on Canada and Mexico over the weekend-plus a 10% tariff on Chinese goods-has already triggered counter-tariffs, trade wars, and threats of legal cases.

by: MSN

Power Grid Dividend 2025 announced in Q3 quarterly results: Check payment, record date, PSU's earnings

Power Grid Corporation of India Limited, is a Schedule 'A', 'Maharatna' Public Sector Enterprise of Govt. of India which was incorporated on 23rd Oct 1989 under the Company Act, 1956.

by: MSN

Tesla Stock Is Plunging. Both Trump Tariffs and Canada's Response Will Hurt.

Car stocks, including Tesla shares, were volatile on Monday—and in the red. Tariffs are the reason. Over the weekend, President Donald Trump went ahead with his plan to put 25% tariffs on goods from Mexico and Canada.

by: MSN

What's the cost of doing business outside the U.S. with new tariffs?

President Trump issued executive orders imposing tariffs on China, Mexico, and Canada. For Springs-based liquor stores and craft breweries - those tariffs may end up increasing the price tag of your favorite adult beverage depending on the length and impact.

by: MSN

'Realistic prospect' that tariffs become long-term fixtures in the U.S. economy, BritishAmerican Business CEO says

BritishAmerican Business CEO Duncan Edwards discusses U.S. president Donald Trump's decision to impose tariffs on Mexico, Canada and China.

by: MSN

Singapore says Nvidia's astounding local sales don't mean it's the source of DeepSeek's GPUs

PLUS: Chinese bus lanes put Tesla in a tangle; India drops electronics tariffs; Samsung worries about soft demand Asia In Brief Nvidia's quarterly results occasionally raise eyebrows because they report that Singapore is a disproportionately large market for its wares.

by: MSN

When 'unretiring' isn't worth it: some low-income retirees say higher paychecks would cut their benefits

Low-income retirees say that returning to work would mean a higher paycheck, but lower food, health, and housing benefits.

by: MSN

Budget 2025 A Game-Changer for India's Economy: Sudha Reddy Lauds Finance Minister Nirmala Sitharaman

The Union Budget 2025, presented today by Finance Minister Nirmala Sitharaman, has received widespread appreciation from industry leaders, including philanthropist and business leader Sudha Reddy. She hailed the budget as a game- changer for India's economy,

by: MSN

Forbes Releases Top 10 Most Powerful Countries In The World 2025 List; Check Out Details

Forbes, an American business magazine, has released list of Top 10 powerful countries in the world 2025 considering each nation with concept of power in the global landscape is complex, involving dimensions such as political sway,

by: MSN

Asia's factory activity weakens as Trump tariffs jolt sentiment

Asia's factory activity weakened in January as soft Chinese demand and threats of higher tariffs by U.S. President Donald Trump weighed on business sentiment, private surveys showed on Monday, darkening the outlook for the region's economy.

by: MSN

The eFishery scandal: Indonesia's aquaculture unicorn fraud rocking SE Asia

By bno - Surabaya bureau One of Southeast Asia's most talked-about controversies is the alleged fraud at eFishery, an Indonesian startup once hailed as a success story in the aquaculture sector. Founded by Gibran Huzaifah,

by: MSN

Jim Cramer on Toyota Motor Corporation (TM): 'It's Still In The Auto Business And That's A Real Tough Neighborhood And I Care About The Neighborhood'

We recently published an article titled Jim Cramer Looked Closely At These 10 Stocks. In this article, we are going to take a look at where Toyota Motor Corporation (NYSE:TM) stands against the other stocks Jim Cramer looked closely at.

by: MSN

Trump's tariffs on Canada, Mexico, and China spark mixed reactions in New York

President Donald Trump is moving forward with his promise to impose tariffs on foreign countries, announcing a 25 percent tariff on Canada and Mexico and a 10

by: MSN

India is slashing taxes. It must now cut red tape

Narendra Modi's government has raised the effective income tax threshold and introduced tax relief, aiming to boost consumer sentiment amidst an economic slowdown. However, significant economic recovery will require job creation and easing the business environment,

by: MSN

'AI is the new global arms race': Boyd Company expert says Abilene is a key player in worldwide AI growth

John Boyd, Corporate Location Consultant, and Site Selection Expert at the Boyd Company, recently weighed in on Abilene as it steps into the spotlight with the announcement of the largest artificial intelligence infrastructure project in history.

by: MSN

To help pay for Trump tax cuts, new taxes on worker benefits become GOP target

The GOP Congress is looking at including employer-provided benefits like free transportation, food and gyms as taxable income as a way to pay for tax cuts.

These Americans don't think the economy is getting any better. Welcome to 'No Buy 2025'

Many Americans, especially female content creators, are pushing back against overconsumption and pledging to buy less — or even nothing beyond essentials — as well as not repurchasing a product they own until it has expired or no longer has use.
The article from CNN, published on February 2, 2025, discusses the "No Buy 2025" trend where individuals are committing to not purchasing non-essential items for the entire year. This movement is driven by a desire to reduce consumerism, save money, and minimize environmental impact. Participants are focusing on buying only what is necessary, like food and basic household items, while avoiding discretionary spending on things like new clothes, gadgets, and luxury goods. The trend has gained traction through social media platforms, where people share their experiences, tips, and the psychological and financial benefits of living with less. Economists note that while this could potentially slow down certain sectors of the economy, it might also lead to more sustainable economic practices and increased savings rates among participants.

Read the Full CNN Article at:
https://www.cnn.com/2025/02/02/business/no-buy-2025-economy/index.html

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