Wed, February 5, 2025

[ Wed, Feb 05th 2025 ]: 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.

[ Wed, Feb 05th 2025 ]: 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.

[ Wed, Feb 05th 2025 ]: 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.

[ Wed, Feb 05th 2025 ]: 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.

[ Wed, Feb 05th 2025 ]: 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.

[ Wed, Feb 05th 2025 ]: 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

[ Wed, Feb 05th 2025 ]: 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.

[ Wed, Feb 05th 2025 ]: 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.

[ Wed, Feb 05th 2025 ]: 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.

[ Wed, Feb 05th 2025 ]: 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.

[ Wed, Feb 05th 2025 ]: 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.

[ Wed, Feb 05th 2025 ]: 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.

[ Wed, Feb 05th 2025 ]: 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.

[ Wed, Feb 05th 2025 ]: 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.

[ Wed, Feb 05th 2025 ]: 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.

[ Wed, Feb 05th 2025 ]: 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.

[ Wed, Feb 05th 2025 ]: 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,

[ Wed, Feb 05th 2025 ]: 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.

[ Wed, Feb 05th 2025 ]: 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

[ Tue, Feb 04th 2025 ]: 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.

[ Tue, Feb 04th 2025 ]: 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.

[ Tue, Feb 04th 2025 ]: 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.

[ Tue, Feb 04th 2025 ]: 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.

[ Tue, Feb 04th 2025 ]: 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.

[ Tue, Feb 04th 2025 ]: 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.

[ Tue, Feb 04th 2025 ]: 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."

[ Tue, Feb 04th 2025 ]: 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.

[ Tue, Feb 04th 2025 ]: 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.

[ Tue, Feb 04th 2025 ]: 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.

[ Tue, Feb 04th 2025 ]: 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.

[ Tue, Feb 04th 2025 ]: 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.

[ Tue, Feb 04th 2025 ]: 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.

[ Tue, Feb 04th 2025 ]: 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.

[ Tue, Feb 04th 2025 ]: 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.

[ Tue, Feb 04th 2025 ]: 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.

[ Tue, Feb 04th 2025 ]: 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.

[ Tue, Feb 04th 2025 ]: 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.

[ Tue, Feb 04th 2025 ]: 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.

[ Tue, Feb 04th 2025 ]: 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.

[ Tue, Feb 04th 2025 ]: 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.

[ Tue, Feb 04th 2025 ]: 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

[ Mon, Feb 03rd 2025 ]: 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.

[ Mon, Feb 03rd 2025 ]: 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

[ Mon, Feb 03rd 2025 ]: 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.

[ Mon, Feb 03rd 2025 ]: Reuters

Canadians cancel trips, ban American booze after Trump's tariffs

Canadians have canceled trips south of the border, boycotted U.S. alcohol and other products and even booed at sporting events after U.S. President Donald Trump announced 25% tariffs on most of Canada's goods on Saturday.

[ Mon, Feb 03rd 2025 ]: MSN

Manitoba Premier Wab Kinew reacts to threats of U.S. tariffs

Manitoba's premier continued to threaten retaliatory actions on Monday should the U.S. president move forward on his threats to tariff Canadian goods. The government is now actively looking for ways to keep government contracts out of the hands of American companies in Manitoba.

[ Mon, Feb 03rd 2025 ]: BBC

Trump and Trudeau hold call after US president delays Mexico tariffs

[ Mon, Feb 03rd 2025 ]: MSN

Northern Ireland social enterprise firm appoints Newtownabbey businessman as new director

Having successfully led teams of over 250 personnel across the UK and Ireland, Martin Gillespie has worked across key sectors such as blue light services, education, healthcare, legal, and professiona

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.

The IRS has introduced a new rule affecting users of payment apps like Venmo, PayPal, and Cash App, which lowers the transaction threshold for reporting income from $20,000 and 200 transactions to just $600 in total payments for goods and services. This change, effective from the 2023 tax year, means that if you receive more than $600 through these platforms for business transactions, you will receive a Form 1099-K, which must be reported on your tax return. However, personal transactions like splitting bills or gifts are not taxable, though distinguishing between personal and business transactions might become more complex. This rule aims to increase tax compliance by capturing more income that might have previously gone unreported, but it has raised concerns about confusion among users, especially those who might receive the form for non-taxable personal transactions. The IRS has acknowledged these concerns and is working on providing clearer guidance to differentiate between taxable and non-taxable transactions.

Read the Full CNET Article at:
https://www.cnet.com/personal-finance/taxes/will-you-owe-taxes-because-of-the-new-irs-rule-for-venmo-paypal-and-cash-app-payments/