• Thu, February 20, 2025

by: Forbes

IRS Taxpayer Data Is Tightly Restricted By Law. Will This Stop Trump, Musk And DOGE From Gaining Access?

Nixon Administration abuses led to the passage of strict tax privacy laws. That's one reason moves by DOGE to access sensitive data are so controversial.

by: CNBC

CNBC Daily Open: Alibaba surges and Amazon beats Walmart

Alibaba posted a 239% year-over-year jump in net profit in the final quarter of 2024, and Amazon's quarterly revenue surpassed Walmart's for the first time.

by: 7NEWS

INSIDE MEDIA: Neighbours axed again and exposing the secret MAFS contract contestants have to sign

In our column that takes you inside the world of media, we reveal why Neighbours was cancelled a second time | What do Married At First Sight contestants REALLY sign up for to appear on the hit series?

by: Yahoo

Beshear: Weather death toll rises to 15, search-and-rescue phase ending

As the director of "Green Lantern," Martin Campbell was far from the first, and certainly not the last filmmaker to deliver a stinker of a DC superhero film. But 14 years after its release, Campbell is unafraid to be honest about its shortcomings — especially the ones he takes personal responsibility for. Speaking to Variety …

by: MSN

Jim Cramer on AppLovin Corporation (APP): 'This One Feels Like You've Got A Nine And A Face Card In Blackjack'

We recently compiled a list of the Jim Cramer Discussed These 15 Stocks Recently. In this article, we are going to take a look at where AppLovin Corporation (NASDAQ:APP) stands against the other stocks.

by: MSN

Moody's Corporation (MCO): A Bull Case Theory

We came across a bullish thesis on Moody's Corporation (MCO) on Substack by Business Model Mastery. In this article, we will summarize the bulls' thesis on MCO. Moody's Corporation (MCO)'s share was trading at $519.

by: MSN

What is TensorFlow? Everything we know about Google's AI framework

TensorFlow is an open source machine learning framework developed by Google, designed to build and train AI models for a wide range of applications. The tool is widely used in industries such as health care,

by: MSN

Son of immigrants took advantage of open doors to build business: Trailblazers and Trendsetters

As the nation celebrates Black History Month, PennLive, for the third year, is recognizing men and women making a difference in central Pennsylvania. Today and for the rest of the month we will introduce you to our "Trailblazers and Trendsetters" — Black entrepreneurs,

by: MSN

How to register your business in the US: Procedures, permits and regulations

Navigating the process of registering a business in the United States can be complex, but understanding the necessary steps, permits, and regulations is crucial for success.

by: MSN

Accor's Two-Track Strategy: Luxury for Growth, Economy for Profit

  • Fri, February 21, 2025

by: Yahoo

'Unrestrained': Trump pushes business interests in 2nd term

Reports show that the first lady signed a multi-million agreement with Amazon after a dinner with Jeff Bezos. The 11th Hour looks at the ways Trump's family members appear to have used their connection to the president to boost their bottom line.

by: Outlookindia

For Banking Technologist Girish Wali, The Real-World Implementation Of AI Is A Necessity For The Present And Future

AI is now mainstream, shaping industries and daily life. Girish Wali, a CitiBank AI expert, pioneers AI-driven banking solutions, cybersecurity, and automation.

by: cnbctv18

Unsecured loans and digital risks: RBI and bank officials flag challenges

Regulatory oversight, declining CASA ratios, and third-party dependencies are putting pressure on banks to rethink their strategies.

by: Zawya

Microsoft AI Tour showcases groundbreaking AI innovations driving transformation and growth across Oman

The Microsoft AI Tour in Oman underscored the company's unwavering commitment to fostering a thriving digital ecosystem

by: Bloomberg

Trump's Tariff Wars Leave US Small Business With Nowhere to Hide

American companies of all sizes are on edge over President Donald Trump's tariffs, but it's arguably small business that is most exposed.Most Read from BloombergTrump to Halt NY Congestion Pricing by Terminating ApprovalAirbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsSorry,

by: Kiplinger

UnitedHealth Stock Drags on the Dow After DOJ Probe News

UnitedHealth Group stock is sinking Friday after media reports indicated the Justice Department is investigating the health insurer. Here's what to know.

by: AOL

What type of business savings account is right for you?

As a business owner, your company's financial health depends on smart money management. Whether you're building an emergency fund or setting aside cash for new equipment, choosing the right savings vehicle is crucial for your business's growth and stability.

by: Investopedia

MercadoLibre Stock Sets All-Time High as Q4 Earnings Blow Past Estimates

MercadoLibre shares surged on Friday after the Latin American e-commerce giant's fourth-quarter earnings came in well above expectations.

by: Fortune

What if AI creates more jobs than it destroys?

First, some of the company's most successful AI applications favor more employment, Mockenbrock said, as they allow for better and faster "resolutions" and a higher emotional connection between caller and agent.

by: manilatimes

BIR, Customs collections higher in January - Recto

REVENUE collections improved last month, a Cabinet official said, with the Bureau of International Revenue (BIR) and Bureau of Customs (BOC) both posting year-on-year gains.

by: Forbes

What Argentinian Economic Reforms Could Mean For Investors

As an independent financial advisor, I've seen how these reforms have reshaped investment strategies for clients looking to diversify their portfolios in emerging markets.

by: Kiplinger

Block Stock Falls After Revenue, Earnings Miss Expectations

Block stock is down Friday after the payments company missed expectations for its fourth quarter. Here's what you need to know.

by: Fortune

Starbucks hoped mobile orders and the drive-through would save its business. New CEO Brian Niccol says that was a mistake.

Starbucks new CEO Brian Niccol says "I think we got confused that mobile ordering could solve the entire business".

by: AOL

Should you sign a loan or pay a fee to get your tax refund early? Here's what you need to know

The average tax refund amount was just over $3,100 last year. For many Americans, that money can bring wonders: it could pay several months' rent, be a downpayment for a car, or allow you to buy several shares of tech stock.

by: Bloomberg

Bessent Plans First Call With China Counterpart on Friday

Treasury Secretary Scott Bessent said he will hold his first introductory call with his Chinese counterpart on Friday, and reiterated longstanding US calls for its biggest geostrategic rival to rebalance its economy toward domestic consumption.

by: Forbes

Section 382 Limitations For Tech Companies Dealing With R&D Capitalization Requirements

I've discussed the changes to IRC Section 174 at length in previous articles, warning about the TCJA's change to research and experimental costs under 174, as well as the IRS finally providing some guidance on how to calculate the capitalization.

by: Reuters

MercadoLibre's fourth-quarter net profit beats forecast, shares jump

Latin American e-commerce giant MercadoLibre posted a better-than-expected quarterly net profit on Thursday, up nearly four-fold from the same period a year earlier and sending its shares up more than 12% in after-hours trading.

by: Forbes

Progress Over Perfection: Empowering Finance Teams With Digital Fluency

A lot of the conversation centered around adapting leadership capabilities for the digital era and responsibly championing AI integration, exciting but somewhat overwhelming responsibilities. Alas, as the saying goes,

by: Forbes

She Earns More: Redefining Power And Partnership In Modern Families

When women lead financially, they pave the way for healthier, more balanced relationships—but this requires intention and communication.

by: Reuters

Tariffs, federal government spending cuts restrain US business activity

U.S. business activity nearly stalled in February amid mounting fears over tariffs on imports and deep cuts in federal government spending, erasing all the gains notched in the aftermath of President Donald Trump's election victory.

by: Reuters

Exclusive: Abrdn to launch China asset management venture with Citic unit, sources say

Abrdn is in advanced talks with Citic Bank to launch an asset management joint venture in China, two people with knowledge of the matter said, as the British firm looks to bolster its presence in the world's second-largest economy.

by: Forbes

The Future Of Wall Street And Enterprise: Fintech 50 2025

These growing startups are making the most of the AI revolution to save time and spot fraud for financial institutions, investors and founders.

by: Reuters

Block shares drop as spending slowdown puts BNPL expansion in focus

Payments firm Block's shares fell 8% in premarket trading on Friday as a slowdown in spending growth fueled investor concerns, turning the spotlight to its bet on buy-now, pay-later lending to drive profits in 2025.

by: Reuters

UK runs record January budget surplus but misses forecasts

Britain's government ran a record budget surplus of 15.4 billion pounds ($19.5 billion) last month, official figures showed on Friday, but in a setback for finance minister Rachel Reeves it was well below economists' and officials' expectations.

by: Reuters

StanChart reports 18% rise in annual profit, roughly in line with estimates

Standard Chartered reported on Friday its annual profit rose 18%, roughly in line with analysts' estimates, on strong performance of its wealth and markets business.

by: MSN

A free investment conference to capitalize on global trends

The 14th International Investment Forum (IIF), scheduled for February 25, will bring together 20 prospective companies in key industries to discuss their value propositions and answer questions from investors ・This year's iteration aims to address ongoing political,

by: MSN

Ukraine-Russia war latest: Trump 'very frustrated' with Zelensky and Musk launches cruel tirade

Trump 'very frustrated' with Zelensky and Musk launches cruel tirade - SpaceX chief claims Ukrainians 'despise' their president as he defends US president's decision to leave him out of Russia peace t

by: MSN

Bill Gates and 3 Other Business Owners Who Failed Before Achieving Massive Success

These days, we often hear about the importance of failure and the role it may play in launching or advancing our careers. It seems, after eons of lambasting people for even the most

by: MSN

KNWA Today: 8th Black Owned Business Expo

We definitely tune in when these folks are hosting! Welcome to WatchMojo, and today we're counting down our picks for the most notable celebrities of this century who brought just the right blend of charm, humor and star quality to their hosting gigs on "SNL," ultimately achieving remarkable success.

by: MSN

The Week in Numbers: tariffs galore, and the AI effect

From Donald Trump finding new targets for tariffs, to why investors are betting on Alibaba, we round up the big stories in business and finance over the week to. Francis Maguire reports.

by: MSN

Economist calls for Enoch Godongwana to resign

In a bold statement on an EFF podcast, an independent economist has urged for the resignation of the Finance Minister ahead of the March Budget Speech.

by: MSN

German finance giant Deutsche Bank to shut down DSL Bank brand

Deutsche Bank will no longer offer construction financing and consumer loans under the DSL Bank name and plans to discontinue the brand, the German banking giant announced on Friday. New real estate loans are to be bundled under the Deutsche Bank and BHW brands,

by: MSN

Europe's Economic Stagnation Persists, Latest Business Surveys Say

The eurozone economy continued to flatline in February, torn between signs of revival in Germany and sharp decline in France.

by: MSN

Two Rivers Heroes Arcade owner says he'll close if business doesn't improve

Michael Cleveland opened Heroes Arcade, 2022 Washington St., because he loves vintage pinball and arcade games, but economic woes have slowed business.

by: MSN

India's F&B on Ventilator: Archit Singhal's Eye-Opening Book Calls for Urgent Industry Reforms

India's food and beverage (F&B) industry, a key employer of unorganized labor, is facing an urgent crisis. In his latest book, India's F&B on Ventilator, Archit Singhal delivers a powerful analysis of the industry's sluggish growth,

by: MSN

French business activity contracts much more than expected in February, PMI shows

French business activity slumped much more than expected in February, according to a survey published on Friday, as new business and backlogs in the dominant services sector sharply declined. The HCOB France flash purchasing managers index (PMI) for services,

by: MSN

Can You Cash a Check at an ATM?

In the realm of banking conveniences, ATMs have long been a cornerstone. Most people depend on them for withdrawals but can you cash a check at an ATM? Here's what you need to know. Can You Cash

by: MSN

Cut deficit, create bold budget moves - Paul Chan's mission impossible?

Hong Kong's government has been urged to push development forward by Beijing, but what does that entail in an era of belt-tightening? Hong Kong's finance chief is expected to deliver his budget speech on February 26 and is under mounting pressure to balance the books.

IRS Taxpayer Data Is Tightly Restricted By Law. Will This Stop Trump, Musk And DOGE From Gaining Access?

Nixon Administration abuses led to the passage of strict tax privacy laws. That's one reason moves by DOGE to access sensitive data are so controversial.
The article from Forbes discusses the potential implications of a new IRS rule that would allow third-party organizations, like Trump, Musk, and Doge, to access taxpayer data. Despite the IRS's strict confidentiality laws under Section 6103 of the Internal Revenue Code, which generally prohibits the disclosure of tax returns and return information, there are exceptions for certain research purposes. The article highlights concerns about privacy and security, questioning whether these high-profile figures could exploit these exceptions to gain access to sensitive taxpayer information. It explores the balance between the need for research to improve tax systems and the protection of individual privacy, noting that while the IRS has robust safeguards, the involvement of such notable figures raises significant public and legal scrutiny.

Read the Full Forbes Article at:
https://www.forbes.com/sites/kellyphillipserb/2025/02/20/irs-taxpayer-data-is-tightly-restricted-by-law-will-this-stop-trump-musk-and-doge-from-gaining-access/

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