• Tue, February 4, 2025

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: 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: 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.
  • 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: MoneyWeek

MPs launch inquiry into AI and financial services - is it time to regulate the robots?

The Treasury Committee is looking into the risks and rewards from the rise of artificial intelligence in financial services

by: indepthnh

U.S. Rep. Goodlander Demands Answers About Musk Access to SBA Systems

Representative Maggie Goodlander, a Member of the House Small Business Committee, sent a letter to Small Business Administration (SBA) Acting Administrator Everett Woodel, urging the agency to immediately clarify the extent of Elon Musk's Department of Government Efficiency (DOGE) access to SBA systems.

by: AOL

Alphabet, Meta, Microsoft set to spend $230 billion this year as hefty AI bills come under scrutiny

Meta, Microsoft, and Google parent Alphabet are expecting a cumulative $228 billion in capital expenditures in 2025, driven by their investments in artificial intelligence infrastructure.

by: CNET

Worried About Data Breaches? Here's How to Freeze Your Credit Right Now

Freezing your credit won't protect you from all scams. But it does keep cybercriminals from opening accounts in your name.

by: Reuters

Colombia's Petro calls for sale of Ecopetrol fracking operations in US

Colombian President Gustavo Petro on Tuesday called for the sale of state oil firm Ecopetrol's fracking operations in the United States to invest in clean energy.

by: Kiplinger

Is Disney Stock Still a Buy After Earnings?

Walt Disney stock is down Wednesday after the entertainment and media company beat fiscal 2025 first-quarter expectations. Here's what you need to know.

by: AOL

Polestar's CEO: 'Serious' tariff obstacles will limit product choice

Polestar CEO Michael Lohscheller talks tariffs, building in the US, and the company's new profit plan in an interview with Yahoo Finance.

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

Rethinking The Equation Of Risk And Return

This tells me that the risk-return equation is much broader than the markets want to realize. Countless examples show that the risk is as wide as the repercussions are vast. Whether conscious or not, impact is inextricable from the risk-return equation. In many cases, that functions for the better.

by: Reuters

Swedish Handelsbanken's Q4 profit drops less than expected

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: Kiplinger

AMD Stock Falls Despite Earnings Beat: What to Know

Advanced Micro Devices beat expectations for its fourth quarter but AMD stock is still tumbling Wednesday. Here's why.

by: Forbes

How Golden Visas And Second Passports Are Reshaping Wealth Strategies

As wealth strategies continue to shift, golden visas and second passports have emerged as crucial tools in safeguarding assets and optimizing tax liabilities.

by: Reuters

Walt Disney beats earnings targets with help from 'Moana 2'

Walt Disney sharply outperformed Wall Street's quarterly earnings estimates on Wednesday, with results buoyed by the strong holiday box office performance of animated sequel "Moana 2" and higher profits at the company's streaming business.

by: Kiplinger

The Two Reasons Alphabet Stock Is Sinking After Earnings

Alphabet reported an earnings beat and strong cloud growth, but the Google stock is spiraling Wednesday. Here's why.

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: Reuters

India's finance ministry asks employees to avoid AI tools like ChatGPT, DeepSeek

India's finance ministry has asked its employees to avoid using AI tools including ChatGPT and DeepSeek for official purposes, citing risks posed to confidentiality of government documents and data, an internal department advisory showed.

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: 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

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: MSN

Stock market today: Most of Wall Street rises as earnings reporting season ramps up

Wall Street is drifting Wednesday as gains for most stocks outweigh drops for Alphabet and some other big-name companies following their latest profit reports. The S&P 500 was 0.2% higher in late trading.

by: MSN

MGIC Investment Corporation (NYSE:MTG) Q4 2024 Earnings Call Transcript

Q4 2024 Earnings Call Transcript February 4, 2025 Operator: Good day, ladies and gentlemen, and thank you for standing by. Welcome to the Q4 2024 MGIC Investment Corporation Earnings Conference Call.

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: MSN

Stock market today: Alphabet and AMD weigh on a mixed Wall Street following their profit reports

Google's parent company and other tech stocks are weighing on a mixed Wall Street Wednesday as the focus swings back toward how much profit businesses are making. The S&P 500 rose 0.1% in afternoon trading.

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: MSN

Disney price hikes help fuel earnings growth as streaming business posts profit

Disney (DIS) reported first quarter earnings on Wednesday that beat expectations as the media and entertainment giant reported a profit in its streaming segment while its parks business faced setbacks in the midst of two back-to-back hurricanes and greater cruise ship investments.

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: 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.

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.
The Federal Reserve announced on February 4, 2025, that it has terminated two enforcement actions against Wells Fargo, which were initially imposed in 2011. These actions were related to deficiencies in the bank's anti-money laundering (AML) program and its failure to comply with the Bank Secrecy Act. The termination comes after Wells Fargo demonstrated significant improvements in its compliance and risk management systems. However, the bank still faces other regulatory challenges, including a 2016 consent order addressing widespread consumer abuses. The Fed's decision reflects Wells Fargo's progress in enhancing its AML practices but does not signify a complete resolution of all regulatory issues the bank is dealing with.

Read the Full Reuters Article at:
https://www.reuters.com/business/finance/fed-terminates-two-2011-enforcement-actions-against-wells-fargo-2025-02-04/