• Wed, February 5, 2025

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

Homeowners, Don't File Your Taxes Till You Check All These Tax Breaks for Your House

When you file your tax return, you must decide whether to take the standard deduction -- $14,600 for single tax filers, $29,200 for joint married filers or $21,900 for heads of household or married filing separately -- or itemize deductions, such as gifts to charity and state taxes.

by: Kiplinger

Stock Market Today: Stocks Waver as Big Tech Slumps on Spending Concerns

GOOGL's slide - its worst in more than a year - erased $184 billion in market cap, or more than the entire market value of Advanced Micro Devices. Bulls see the selloff as a buying opportunity. Analysts' consensus recommendation on the name stands at Buy, with high conviction, according to S&P Global Market Intelligence.

by: Forbes

U.K. Parliamentary Group Fears Exodus Of AI Startups

A House of Lords Committee says Britain risks being an "incubator" for AI and creative tech startups that ultimately take their value overseas

by: Reuters

MetLife fourth-quarter profit jumps on strong premiums and investment income

MetLife on Wednesday reported a rise in its fourth-quarter profit as it earned more in premiums and investment income.

by: Techopedia

Does "Bring Your Own AI" (BYOAI) Pose a Cyber Threat to Your Business?

by: Forbes

Operation Chokepoint 2.0: FDIC Documents Confirm Crypto Bias

FDIC Document Release precedes Senate Banking Committee hearing on debanking. Operation Chokepoint 2.0 was real.

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: 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: 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: 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: 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: 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

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: 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

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

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: 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: MSN

Why China is blacklisting Calvin Klein and Tommy Hilfiger after Trump's tariffs

Calvin Klein and Tommy Hilfiger are caught in the middle of a budding US-China trade war. China's Ministry of Finance placed PVH, the parent company of the two American clothing brands, on its "unreliable entities list,

by: MSN

Custom Choice Student Loan Review 2025: Pros, Cons, and Alternatives

Explore Custom Choice student loans, including interest rates, pros, and cons. Find out if Custom Choice works for you as a student loan option.

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: MSN

Trump's trade war could have a clear winner: The UK

Further afield, European economies are also at risk from Trump's tariff regime. The U.S. president told reporters on Sunday that tariffs on the EU "will definitely happen" — but said a deal "could be worked out" with the U.

by: MSN

Most of Wall Street rises as earnings reporting season ramps up

Wall Street drifted higher as gains for most stocks outweighed drops for Alphabet and some other big-name companies following their latest earnings reports

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: MSN

Dow Gains 317, Nasdaq Adds 38, S&P 500 Rises 24

Most of Wall Street rose Wednesday as earnings reporting season ramps up. The post appeared first on TV News Check. The post Dow Gains 317, Nasdaq Adds 38, S&P 500 Rises 24 originally published on TV News Check.

by: MSN

MPower Financing Student Loan Review 2025: Pros, Cons, and Alternatives

Explore our MPower Financing student loan review, covering rates, benefits, eligibility, and the application process.

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: MSN

Trump pauses tariffs but threat of trade war hangs over food and drinks sector

President Trump has shown that his pre-inauguration threat to impose hefty trade tariffs on Canada, Mexico and China was not mere sabre-rattling. But he has a

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: 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.

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.
Credit Agricole, France's second-biggest listed bank, reported a 27% jump in fourth-quarter net profit, driven by strong performances in its insurance, asset management, and trading divisions. The bank's net profit for the quarter was 1.33 billion euros, surpassing the 1.05 billion euros expected by analysts. This increase was primarily fueled by a 30% rise in revenue from its corporate and investment banking arm, particularly in fixed income, currency, and commodities trading, which saw a 17% revenue increase. Additionally, its asset management unit, Amundi, contributed significantly with a 20% profit increase. However, the bank also set aside 50 million euros for potential legal risks related to a tax fraud investigation involving dividend stripping. Despite these provisions, Credit Agricole's overall financial health appeared robust, with the bank also announcing a share buyback program of 1 billion euros.

Read the Full Reuters Article at:
https://www.reuters.com/business/finance/credit-agricole-reports-27-q4-profit-jump-aided-by-amundi-trading-2025-02-05/
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