• Tue, February 4, 2025

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: 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: 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: 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: 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: Forbes

Is The US Economy Slowing? How Might US Trade Be Impacted?

Having access to capital can better ensure that small and medium businesses have the resources required to compete with large organizations in a slowing U.S. economy.

by: Reuters

Apollo's fourth-quarter profit tops estimates on strong fee growth, retirement unit

Apollo Global Management's fourth-quarter profit exceeded expectations, helped by a strong growth in fees and solid performance in its retirement business, sending shares of the company up 4% in premarket trading on Tuesday.

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: MSN

7 Stocks Owned by President Trump: How Much Do They Cost?

President Donald Trump's investment portfolio continues to be a topic of interest as he settles into his second term in the White House. For the 2024 election, Trump provided his latest

by: Reuters

PayPal's profit push slows unbranded business growth, shares drop 10%

PayPal's shares fell nearly 10% on Tuesday, after the digital payments giant's unbranded card processing business saw a sharp slowdown in growth and its operating margin shrank in the fourth quarter.

by: Forbes

10 Remote Jobs That Pay Up To $200,000+ In 2025

What are the highest paying remote jobs of 2025? Here are 10 remote jobs that pay as much as up to $200,000 and span industries such as finance, tech, and healthcare.

by: MSN

"Have to be SMART" Shark Tank investor Kevin O'Leary shares how he taught his son to use credit cards

Kevin O'Leary has a sharper, more direct voice than others in the high-stakes world of finance and (financial advising).

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: Forbes

Trump Tariffs Live Updates: China Responds With Retaliatory Tariffs, Export Controls And Google Probe

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: MSN

Trump's tariff threats hang over young Arnault's mission to fix LVMH drinks unit

Alexandre Arnault is taking a key role at LVMH's $6 billion wine and spirits business just as U.S. President Donald Trump risks unleashing a trade war, complicating a turnaround effort that could decide the 32-year-old's future in his father's empire.

by: Reuters

Tariffs News | Today's Latest Stories | Reuters

by: Reuters

Companies start counting potential costs of Trump's tariffs

Diageo warned on Tuesday of a $200 million hit to its operating profits from U.S. tariffs on Mexican and Canadian imports and German auto supplier ZF flagged price hikes, as companies start counting the likely costs of Donald Trump's trade measures.

by: Forbes

Investors Urge EU To Keep Green Rules In Face Of Trump Turmoil

With $6.8 trillion in assets under management, financial actors tell the EU it must stand firm against the U.S. President's agenda.

by: MSN

Russia is risking non-sanctioned ships to export oil and keep its war economy going

Russia is using non-sanctioned vessels and rerouting others to keep oil exports going, maritime data shows, but risks sanctions on even more ships.

by: MSN

Virgo Daily Horoscope Today (Aug 23- Sept 22) February 4, 2025: Control your budget!

Virgo Money Horoscope Today Business profits may be impacted. Avoid making hasty decisions. Suitable proposals will come your way. The financial side will remain stable. Virgo Career Horoscope Today Move forward with wisdom and discipline.

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: Reuters

Fed ends two regulatory punishments imposed on Wells Fargo in 2011

The Federal Reserve announced on Tuesday it had terminated a pair of enforcement actions imposed on Wells Fargo in 2011, but said the bank's asset cap remained in place.

by: Reuters

From Johnnie Walker to Corona beer, major alcohol firms could face tariff hit

Makers of alcoholic beverages such as Johnnie Walker whisky and Corona beer could be caught in the crosshairs of a potential trade war after U.S. President Donald Trump imposed sweeping new tariffs on goods from Mexico,

by: Reuters

Morgan Stanley to increase sale of loans tied to Musk's X, Bloomberg News reports

A group of Morgan Stanley-led banks is set to increase a sale of loans tied to Elon Musk's social media platform X after receiving stronger-than-expected demand from investors, Bloomberg News reported on Tuesday.

by: Reuters

France in focus as Europe's electricity import needs swell: Maguire

Growing tension across Europe's electricity markets has sharpened focus on the region's most dependable and integrated exporter of clean power: France.

by: Reuters

Robinhood receives US CFTC request to roll back Super Bowl prediction contracts

Robinhood said on Tuesday it had received a formal request from the U.S. Commodity Futures Trading Commission to roll back its Super Bowl betting contracts product.

by: Reuters

MercadoLibre's payment processor offers Pix as Brazilian tourists flock to Argentina

MercadoLibre is now offering transactions using its payment processors in Argentina through Pix, the Brazilian instant payment system, as Brazilian tourists flock to the neighboring country for vacation,

by: Reuters

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.
  • Wed, February 5, 2025

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: 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: 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: 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: 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: Reuters

Exclusive: India to review tariff surcharges on luxury cars, solar cells, may spur US imports

India plans to review import tariffs on over 30 items, including luxury cars, solar cells and chemicals, a senior finance ministry official said, potentially leading to increased imports from the United States as global trade tensions grow.

by: Reuters

Russia plans to boost yuan sales by 17% to support the rouble

Russia said on Wednesday it would boost its sales of Chinese yuan by 17% from Feb. 7 in a move seen as aimed at supporting the rouble in the face of increased volatility due to Western sanctions and turbulence in the global forex market.

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: Reuters

Assa Abloy to hike prices if US implements tariffs on Canada and Mexico, CEO says

Sweden's Assa Abloy plans to raise its prices if U.S. President Donald Trump moves ahead with the tariffs on Canada and Mexico, the CEO of the world's biggest lockmaker said on Wednesday.

by: Reuters

Thailand to roll out next phase of handout scheme in Q2, plans more stimulus

Thailand's government will implement the third phase of its 450 billion baht ($13.4 billion) stimulus scheme in the second quarter of 2025, and will also discuss more measures later this month, a deputy finance minister said on Wednesday.

by: Reuters

State Farm seeks rate hikes in California to offset wildfire payouts

California's largest private insurer, State Farm, on Monday urged the state's insurance regulator to approve an emergency hike in rates to help offset the hefty payouts the company is making after devastating wildfires in Los Angeles last month.

by: Reuters

China tariff retaliation targets its modest US energy imports

China is the world's top energy importer but its purchases from the United States are relatively modest, blunting the impact of Beijing's move on Tuesday to slap retaliatory tariffs on imports of U.S.

by: Reuters

India to review tariff surcharge on luxury goods, renewables, chemicals amid US pressure

India is set to review import tariffs on over 30 items including luxury cars and solar cells, potentially leading to higher imports from the United States, a senior finance ministry official said.

by: Reuters

Exclusive: India accuses Kia of evading taxes of $155 mln in VW-like dispute

India has accused South Korea's Kia of evading taxes of $155 million by misclassifying component imports but the carmaker has denied wrongdoing, the latest fight by a foreign automaker with New Delhi over tariffs,

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: 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.

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.

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/

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