Wed, February 5, 2025

by: Forbes

Trump Tariffs Live Updates: USPS Does A U-Turn And Says It Will Continue Accepting Packages From China

Feb. 1 Canada and Mexico both levied retaliatory tariffs on U.S. imports in response to Trump's directive, while China said it would file a lawsuit with the World Trade Organization and take "countermeasures" in response to the move.

by: Forbes

Here Comes The Big, Strong Agentic AI Wave

First, it was generative AI. Then, the talk about AGI grew louder. Now, there's a new wave that everybody can't stop talking about.

by: MSN

Gemini Daily Horoscope Today (May 21- June 20), February 5, 2025: Confidence will be high!

Gemini Money Horoscope Today There will be progress in industry and business. Commercial activities will advance. Interest in business expansion will grow. This is a period of financial growth. Wealth and resources will increase.

by: Tuko

List of Taxes, Levies CS Mbadi Could Spare from Rate Hikes in Finance Bill 2025

Federation of Kenya Employers (FKE) warned the government against raising more taxes that could overburden businesses and increase payroll deductions.

by: businessday

Tech, finance, governance on focus at 2025 Omniverse Africa Summit

The event, scheduled from February 25 to 28, 2025, at the Landmark Event Centre, Lagos, is set to unite key players from technology, finance, culture, government, and the private sector.

by: Forbes

The Smartest Businesses For 2025: Where The Money Is Now

With advancements in AI, shifting consumer behaviors, and economic changes shaping the market, choosing the right business model is more critical than ever.

by: Tuko

Africa Tech Summit Nairobi 2025 to Unite Industry Leaders for Innovation and Investment

The 7th Africa Tech Summit Nairobi returns on Feb 12-13, 2025, uniting tech leaders, investors, startups, and policymakers to explore Africa's digital economy.

by: AOL

AMD posts Q4 earnings beat, strong Q1 forecast

AMD (AMD) will report its fourth quarter earnings after the bell on Tuesday, just as President Trump's 10% tariffs on goods made in China come into effect and a little over a week after China-based DeepSeek rocked the AI world.

by: Reuters

Credit Agricole reports 27% Q4 profit jump, aided by Amundi and trading

Credit Agricole SA , France's second-biggest listed bank, blew past quarterly earnings forecasts on Wednesday with a 27% jump in profit, driven by insurance and asset management even as gains in its investment banking business lagged rivals.

by: Mint

ITC, IndiGo to Bajaj Finance: SBI Securities picks 5 stocks to buy after Budget 2025

The Union Budget 2025-26 emphasizes reform in taxation, urban development, and support for farmers and MSMEs. SBI Securities predicts it will boost consumption and benefit sectors like retail lending and aviation,

by: Reuters

Japanese brokerage Nomura doubles third-quarter profit

Japan's top brokerage and investment bank, Nomura Holdings , on Wednesday reported a 101% increase in net profit as its wholesale business segment grew income on strong demand for equity offerings and mergers and acquisitions advisory services.

by: Reuters

Sweden's Handelsbanken Q4 net profit beats forecast

Swedish bank Handelsbanken reported a net profit for the fourth quarter that topped market expectations on the back of strong interest and financial income and said its costs rose 5% compared to the preceding quarter.
Tue, February 4, 2025

by: cnbctv18

Aye Finance partners with Credgenics to enhance debt collection processes

This collaboration aims to digitally transform Aye Finance's debt collection and resolution processes using Credgenics' advanced technology.

by: AOL

DeepSeek has tilted the balance towards open source AI, but big security issues remain

OpenAI Sam Altman says his company is "on the wrong side of history" with a business model built purely around proprietary AI models.

by: Fortune

Home News Tech Finance Leadership Well Education Fortune 500

The partnership is the largest deployment of ChatGPT to any single organization or company in.

by: CNET

Will You Owe Taxes With the New IRS Rule for Venmo, PayPal and Cash App Payments?

This new tax reporting rule should not affect your tax liability. If you earn over $400 in income, you need to report it to the IRS.

by: Forbes

Future-Proofing Treasury: Three Key Strategies For Staying Ahead

As treasury continues evolving from back-office to strategic asset, focusing on talent, technology alignment and adaptability will only accelerate its transformation.

by: ABC

Treasury Dept. gives Elon Musk's team access to federal payment system: Sources

If Elon Musk or his DOGE team were to attempt to block federal payments, it would likely face legal challenges given the money is approved by Congress.

by: Kiplinger

PayPal Stock Falls Despite Earnings Beat, Strong Outlook

"Expectations likely ran ahead of themselves," said Mizuho analyst Dan Dolev in response to the market's initial reaction to PayPal's earnings report. "We are not concerned," Dolev added, noting that PayPal's "branded button has been consistently growing in line with its major merchant partners."

by: Kiplinger

PepsiCo Stock Falls Despite Earnings Beat, Dividend Hike

PepsiCo stock is lower Tuesday after the soft drink maker's top-line miss offsets an earnings beat and dividend hike. Here's what to know.

by: AOL

PepsiCo CEO on Trump tariffs, road ahead for business

"We're not immune to this [tariffs] — we are less impacted than most of the businesses," PepsiCo chair and CEO Ramon Laguarta told me Tuesday morning.

by: Forbes

How AI Agents, Blockchain, And DeepSeek Are Reshaping Business In 2025

AI Agents, Swarms of Agents, Blockchain and even DeepSeek are changing the game for businesses of all sizes. As Elon Musk recommends blockchain for the US Treasure.

by: AOL

Glassdoor CEO: The workers are talking about you (whether you like it or not!)

Glassdoor recently brought on author Adam Grant as a " chief worklife expert ." Sutherland-Wong wants to expand the platform from ratings and salary-sharing to be a village green where people talk about making their work lives and companies better. That includes leaders who are struggling for the right message in this climate.

by: cnbctv18

Ujjivan Small Finance applies for universal banking license with RBI

To qualify for a universal banking license, the bank must meet several eligibility criteria, including being listed on a recognised stock exchange, maintaining a minimum net worth of ₹1,000 crore, and fulfilling minimum capital requirements.

by: MSN

Trump wrong, U.S. banks can and do operate in Canada, association and professor say

The association representing bankers in Canada says U.S. subsidiaries and branches represent half of all foreign bank assets in the country, despite false claims by U.S. President Donald Trump that American banks can't do business north of the border.

by: MSN

China imposes retaliatory tariffs on US goods including coal, crude oil, and some vehicles

The Ministry of Finance said it would impose tariffs on coal, liquefied natural gas crude oil, agricultural machinery, and some vehicles.

by: Reuters

Singapore's GIC appoints Bryan Yeo as group chief investment officer

Singapore sovereign wealth fund GIC said on Tuesday that it has appointed Bryan Yeo, currently deputy group chief investment officer, as group CIO, taking over from Jeffrey Jaensubhakij who will retire and be appointed a GIC adviser.

by: Reuters

What is a sovereign wealth fund?

President Donald Trump on Monday signed an executive order ordering the U.S. Treasury and Commerce Departments to create a sovereign wealth fund for the United States.

by: Tuko

NCBA Bank Announces Several Jobs for Kenyans in February 2025

NCBA bank advertised job vacancies in the fields of information technology, fraud monitoring, and management, urging all qualified and candidates to apply.

by: Reuters

ING looking for acquisitions to grow in Germany, Italy and Spain, says CEO

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: cryptonews

Bitcoin Miners Consider Hashrate Derivatives as BTC Price Rises

Bitcoin mining firms turn to financial tools like hashrate derivatives to stabilize income and support operational growth.

by: decrypt

'Full-Throated Demand' for Crypto ETFs Yet to Emerge on Wall Street

Bitcoin and Ethereum ETFs got approved in 2024, but experts say we still haven't seen the "full-throated demand" that's been promised.

by: Malaysiakini

Brace for impact: Guan Eng proposes six shields against Trump's tariffs

US President Donald Trump's "destructive" tariff policies pose the greatest threat to containing inflation and generating sustainable economic growth for Malaysia, said former finance minister Lim Guan Eng.

by: MSN

Trump's tariff critics are trading on overblown and unfounded fears

We forget that during America's Golden Age, the government essentially funded itself entirely with tariffs; the income tax didn't even exist.

by: CIO

25 enterprise tech predictions and goals for 2025, from APAC CIOs

Here are 25 key predictions and goals from CIOs across the region, helping businesses stay ahead in an era of unprecedented change. In 2025, AI will transform into 'everyday AI' — affordable, utility-based,
Mon, February 3, 2025

by: AOL

Is Netflix a Buy, Sell, or Hold in 2025?

Netflix reaffirmed its dominance among streamers in 2024, closing the year with 301.6 million memberships, a robust 16% increase from the previous year. The streamer pulled in $39 billion in revenue, also up 16% year over year, while its free cash flow held steady at $6.9 billion, matching 2023 levels.

by: Entrepreneur

Dollar Tree: When the Off-Price Is Still Too Expensive

The latest trend on TikTok and social media is "No Buy" where users vow to spend less or nothing in 2025 because they are tired of high interest rates

by: Forbes

The Future Of Payments, Digital Money And The Underlying Technology

The world of finance is undergoing a digital revolution. Here's what the future could look like—and how your business can stay up-to-date.

by: BBC

Trump and Trudeau hold call after US president delays Mexico tariffs

by: Couriermail

'In the lurch': Bank slammed after announcing over a dozen closures

An Aussie bank will close more than a dozen branches across the nation in a move which has been slammed as an "attack on regional communities".

by: Reuters

Explainer: What is a sovereign wealth fund?

President Donald Trump on Monday signed an executive order ordering the U.S. Treasury and Commerce Departments to create a sovereign wealth fund for the United States.

by: MSN

SL Green Realty Shows Rising Relative Price Performance; Still Shy Of Key Threshold

A Relative Strength Rating upgrade for SL Green Realty shows improving technical performance. Will it continue?

by: Moneyweb

More pain for ArcelorMittal as headline losses expected to widen

A trading update says the headline loss per share is expected to decline by between 165% and 174% for the year to December 2024. The loss per share will likely range between R4.50 and R4.66, compared with a loss per share of R1.70 for the previous financial year.

by: MSN

Stormont restoration: Rate the minister

Yes, First Minister Michelle O'Neill and Deputy First Minister Emma Little-Pengelly present a positive, professional image when attending public engagements or representing the executive on an international stage.

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: 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: 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: 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.

China kills energy trade with the US, but initial impact is limited

The trade in crude oil, liquefied natural gas and coal between the United States and China is effectively dead after Beijing responded to President Donald Trump's tariffs with measures of its own.

The article from Reuters, published on February 4, 2025, discusses the termination of energy trade between China and the United States, focusing on the implications and initial impacts of this decision. China has ceased purchasing U.S. energy products, including liquefied natural gas (LNG) and crude oil, in response to geopolitical tensions. Despite this significant move, the immediate impact on global energy markets appears limited due to several factors: China's ability to source energy from alternative suppliers like Russia, the Middle East, and Africa; the U.S. having other markets for its energy exports; and the relatively small share of U.S. energy in China's total imports. However, the long-term effects could be more pronounced, potentially reshaping global energy trade patterns, affecting energy prices, and influencing diplomatic relations. The article also notes that while the U.S. has been increasing its LNG export capacity, the loss of the Chinese market might not significantly dent its overall export strategy due to demand from Europe and Asia.

Read the Full Reuters Article at:
https://www.reuters.com/business/energy/china-kills-energy-trade-with-us-initial-impact-is-limited-russell-2025-02-04/