• Tue, February 4, 2025

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: 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: 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: 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: 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

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: 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: 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: 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: 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: 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: 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: 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: 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: 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: 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

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: MSN

How this manufacturing company's CFO plans to handle the tariff threat

A 10% tariff on goods from China did, however, go into effect at midnight. In response, China's finance ministry said it will impose a 15% tariff on imports of U.S. coal and liquefied natural gas, and a 10% tariff on crude oil,

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: MSN

Why ESG Faces Backlash and Its Future Under Trump 2.0

It became more popular after the #MeToo, racial justice and climate movements took hold when President Donald Trump was in the White House the first time around. The hope was that ESG standards would help make the world a better place,

by: MSN

Coursera's SWOT analysis: online learning giant faces AI-driven growth, challenges

Coursera , Inc. (NYSE:COUR), a leading online learning platform currently valued at $1.24 billion, has been navigating a complex landscape of opportunities and challenges in the rapidly evolving education technology sector.

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: MSN

China retaliates with tariffs on some US goods and a probe into Google

Authorities also announced a probe into Google and put biotech company Illumina and Calvin Klein's parent PVH on China's "unreliable entities list."

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: MSN

'NI hospitality can no longer compete with Republic'

The Republic of Ireland's proposed lower VAT rate could make it harder to attract weddings, warns hotelier.

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: 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.

by: Reuters

Apollo Global's fourth-quarter profit tops estimates as assets soar

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: 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: 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: Reuters

Engie still sees strong US appetite for renewables

French power group Engie still sees strong appetite in the U.S. for renewable energy projects and expects the country to remain an integral part of the company's portfolio, Executive Vice President Edouard Neviaski said on Monday.

by: Reuters

Apollo Global's fourth-quarter profit tops estimates as assets surge

Apollo Global Management's fourth-quarter profit exceeded expectations on Tuesday, helped by a strong growth in fees and solid performance in its retirement business.

by: Reuters

HSBC deputy global equities chief takes leave of absence, sources say

HSBC's deputy global head of equities Selene Chong is taking a leave of absence from her role, two sources with knowledge of the matter told Reuters, the latest in a slew of senior leadership changes at the Asia-focused lender.

by: Reuters

HSBC deputy global equities chief takes leave, sources say

HSBC's deputy global head of equities Selene Chong is taking a leave of absence from her role, two sources with knowledge of the matter told Reuters, the latest in a slew of senior leadership changes at the Asia-focused lender.

by: Reuters

Target is sued for defrauding shareholders about DEI

Target has been sued for allegedly concealing the risks of its diversity and social initiatives, leading to a backlash that caused customers to flee and the stock price of the Minneapolis-based retailer to plummet.

by: Reuters

Ex-NATO chief Stoltenberg to become Norway's finance minister, local media report

Former NATO Secretary General Jens Stoltenberg was set to become Norway's new finance minister on Tuesday as part of a cabinet reshuffle, broadcaster NRK and business daily DN reported, citing anonymous sources.

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: 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.

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.
The article from MSN discusses the debate over former President Donald Trump's proposed tariffs, particularly focusing on the economic implications and the criticisms they have attracted. Critics argue that Trump's tariff policies, which include a 10% across-the-board tariff on imports and a 60% tariff on Chinese goods, could lead to higher prices for consumers, provoke retaliatory tariffs from other countries, and potentially spark a trade war. However, the article suggests that these fears might be exaggerated. It points out that while tariffs could indeed raise costs, the economic impact might not be as severe as critics claim, citing examples where previous tariffs did not lead to the predicted economic downturns. The piece also mentions that some economists believe that the U.S. economy could absorb these tariffs due to its size and the current global economic conditions. Furthermore, it highlights that Trump's strategy aims at reducing reliance on China and rebalancing trade, which could have long-term benefits despite short-term costs.

Read the Full MSN Article at:
https://www.msn.com/en-us/money/other/trump-s-tariff-critics-are-trading-on-overblown-and-unfounded-fears/ar-AA1ylvFD