• Thu, March 20, 2025

by: MarketWatch

My parents own a home that's jumped 600% in value and is worth $500K. I want them to sell it to me for cheaper and avoid tax issues. Who can help?

Have an issue with your financial adviser or looking for a new one? Email questions or concerns to picks@marketwatch.com.

by: Firstpost

Are NBFCs supporting rural women in diversifying their businesses?

After years of financial exclusion, NBFCs are playing a crucial role in bridging the gap. By providing access to capital and digital tools, they are enabling rural women to grow their businesses and secure their futures. With this support, women are not just sustaining their businesses but driving real change in rural India.

by: Truthout

Trump and DOGE's Attacks on CFPB Will Help Financial Industry Prey on Consumers

The Consumer Financial Protection Bureau is meant to protect us from predatory finance. That's why Trump wants it gone.

by: SaltWire

Cape Breton duo named to 25 Most Powerful Women in Business list

Two Cape Breton women have been named to the list of Atlantic Canada's 25 Most Powerful Women in Business by Atlantic Business Magazine . Audrey (Heidi) Marshall and Shannon Lynch Colbourne were recognized in the fifth annual list.

by: Bloomberg

Bloomberg's 2025 March Madness Brackets for a Cause

Bloomberg has assembled a group of business titans to fill out NCAA March Madness brackets and put up money for charity. Who will win this year?

by: GhanaWeb

CEO Anyanah Benjamin to Share Business Insights at Future Forward Forum 2025

The highly anticipated Future Forward Forum 2025, organized by the Azubam Empowerment Foundation, is set to bring together distinguished leaders in entrepreneurship, leadership, and technology.

by: Lifehacker

What Is 'Phantom Wealth' (and What to Do If You Have It)

If you've ever felt a disconnect between how much money you have and how financially secure you feel, you might be suffering a sort of phantom wealth. Here's why you might be feeling financially vulnerable,

by: CelebrityAccess

The CMA Announces Multiple Senior Hires And Promotions

The Country Music Association announced a round of new hires and promotions across multiple aspects of the organization's operations. Senior staff promotions at the CMA include Ben Balch, formerly Sen

by: OurQuadCities

Schlueter's Auto Service earns Business of the Year Award in West Burlington

The City of West Burlington has announced that Schlueter's Auto Service is the recipient of the 2024 Business of the Year Award, celebrating its outstanding contributions to the community and dedication to excellence in automotive care,

by: WKRG

Dollar General going-out-of-business sale leads to chaos, temporary closure

A Dollar General in Prichard was having a going-out-of-business sale when chaos broke out, according to the Prichard Police Department. PPD Chief Walter Knight said the North Wilson Avenue store was having a 50% off sale when the store owner called police for crowd control.

by: Mint

PayU buys 43.5% stake in payment technology firm Mindgate Solutions for undisclosed sum

Mindgate provides end-to-end real-time payment infrastructure and expertise for several leading banks in India, processing over 8 billion transactions a month.

by: cnbctv18

Citi CEO Jane Fraser meets FM Sitharaman, discusses digital push in India

Citi Group CEO Jane Fraser on Thursday met Finance Minister Nirmala Sitharaman. During her meeting, Jane highlighted Citi's growth in India and sought to further deepen the bank's engagement in the country.

by: Variety

Apple Is Losing Over $1 Billion per Year on Streaming Service, Has 45 Million Apple TV+ Subscribers (Report)

Apple TV+ is reportedly losing more than $1 billion per year as the company is spending $4.5 billion on content annually.

by: Moneycontrol

Stocks to Watch Today: Manappuram Finance, Hero MotoCorp, Hindalco, Glenmark, TCS, Lloyds Metals, CDSL, RailTel in focus on 21 March

Stocks like Lloyds Metals and Energy, Ashoka Buildcon, CG Power and Industrial Solutions, Unichem Laboratories, Happiest Minds Technologies, Piramal Pharma, Power Finance Corporation, Asian Paints, Container Corporation of India,

by: GlobalData

UK asset finance new business grew by 2% in January 2025: FLA

Total asset finance new business (primarily leasing and hire purchase) grew in January 2025 by 2% compared with the same month in 2024, according to figures released by the Finance & Leasing Association (FLA).

by: jacobin

Bernie Is Right: 60% of Americans Live Paycheck to Paycheck

Bernie Sanders says it over and over again: 60% of Americans live paycheck to paycheck. But Matt Darling of the Niskanen Center swears it's not true and Dylan Matthews of Vox calls it a damned lie. Even Matt Yglesias is apparently on the case,

by: Investopedia

S&P 500 Gains and Losses Today: Accenture, Gartner Stocks Pressured by Government Spending Cuts

The S&P 500 slipped 0.2% on Thursday, March 20, 2025, reversing a portion of the previous day's uptick as investors further digested the Fed's latest rate announcement.

by: MSNBC

Trump's FTC firings make clear where his real loyalties lie

The FTC has five members, three from the president's political party and two from the opposition. It's not as though the two jettisoned commissioners controlled the FTC — they represented the minority Democratic Party.

by: MoneyWeek

Find tomorrow's Asian giants while they are still smaller companies

Surya Pertiwi (Jakarta: SPTO) is the leading distributor and manufacturer of sanitary ware in Indonesia, with more than 3,000 dealers in its network. It is the exclusive distributor in Indonesia for the Japanese brand TOTO. The company has a 65%-70% domestic market share in sanitary ware and a 40%-50% share in sanitary fittings.

by: Fortune

A mother suing Google and a chatbot site over her son's suicide found AI versions of her late son on the site

A mother who is suing both Google and Character.ai over her 14-year-old son's death has discovered AI chatbots based on her late son are being hosted on the platform.

by: Week99er

Industry Leaders: Top 10 Entrepreneurs Making an Impact in 2025

Innovation, resilience, and vision define the entrepreneurs shaping the business world today. These trailblazers are not only driving growth in their industries but also redefining what it means to be a leader in an ever-changing global market.

by: Insider

Stock of the Day: Temu parent PDD falls 5% as revenue misses estimates and growth slows

The parent company behind Temu disappointed investors with revenue that missed estimates, as consumer activity in China remains sluggish.

by: WSAW

Owners & employees react to Great Dane Pub and Brewing closing in Wausau

The Great Dane Pub and Brewing Company has confirmed the Wausau location will close. Eliot Butler, President and co-founder issued a statement Thursday. It reads: It's with a heavy heart that The Great Dane Pub & Brewing Company will be ending operations at our Wausau location.

by: Reuters

US slaps Iran-related sanctions on oil tankers, China 'teapot' refinery

The U.S. on Thursday issued new Iran-related sanctions, targeting entities including for the first time a Chinese "teapot," or independent refinery, and vessels that supplied crude oil to such processing plants.

by: CNBC

Trump signs order to increase critical mineral production in the U.S.

President Trump signed an executive order to increase production of critical minerals, including uranium, copper, potash, gold and possibly coal. The order directs federal agencies to expedite the review of mineral projects and prioritize mineral production over other projects on federal lands.

by: Reuters

China's restaurants race to the bottom in deflation-hit economy

In a dilapidated warehouse on the outskirts of the Chinese capital, businessman An Dawei inspected rows of giant fridges, industrial hobs and commercial bread ovens waiting to be resold to dining establishments.

by: Forbes

Trump's Presidency And Student Loans: Today's Education Department Announcement Explained

A Trump executive order is attempting to dismantle the Education Department and rolling back some student loan forgiveness.

by: Fortune

Mistral AI CEO denies IPO plans, touts renewed focus on open source to best deeper-pocketed competitors

Mistral AI CEO Arthur Mensch shuts down IPO rumors, reaffirming the startup's commitment to open-source AI as it scales up to compete with China's DeepSeek and global AI giants

by: Week99er

The Future of Business: Top 10 Entrepreneurs to Watch in 2025

As the business landscape continues to evolve, a select group of entrepreneurs is leading the charge with bold ideas, disruptive innovations, and an unrelenting drive for success. These visionaries are not only shaping their respective industries but also redefining what it means to be a leader in the modern world.

by: Investopedia

Why Nvidia Stock Is on Track to Have Its Worst Quarter Since 2022

Mounting economic concerns have threatened to derail the AI trade, putting Nvidia stock on track to have its worst quarter since 2022.

by: Moneycontrol

Bain Capital-Manappuram Finance deal likely to be announced soon

Bain to acquire approximately 22 percent stake from VP Nandakumar, Manappuram Finance's founder and MD & CEO and come up with an open offer to increase stake to 42 percent

by: Insider

5 things to know about Trump's tumultuous relationship with the Fed

Trump said rates should be lowered as tariffs "ease" their way into the economy. It's not the first time the president has called for the Fed to slash rates.

by: Moneycontrol

Bain Capital to invest Rs 4,385 crore in Manappuram Finance for 18% stake: Newsbreak confirmed

Manappuram Finance has announced a deal with Bain Capital Asia, as part of which the private equity player will invest Rs 4,385 crore into the NBFC, to acquire shares and warrants worth 18%, and will be classified as a promoter, the lender informed on March 20.

by: Fortune

Exclusive: Walrus Foundation raises $140 million from Standard Crypto and a16z for a high speed storage network

The foundation supports the Walrus protocol, a decentralized network for storing files.

by: Insider

Arielle Zuckerberg explains her 'rizz and tiz' theory about startup founders

Arielle Zuckerberg, a general partner at Long Journey Ventures and sister of Mark Zuckerberg, looks for what she calls "rizz and tiz" in founders.

by: Forbes

Are Small Businesses About To Lose A Financial Lifeline?

Trump's executive order moves to scale back the CDFI Fund, a program that helps small businesses get financing. Supporters call it essential, critics say it's redundant.

by: CNBC

Abu Dhabi's ADQ and American private equity firm ECP make $25 billion bet on powering U.S. data centers

The UAE has worked to strengthen ties with the U.S. on AI, and is seeking greater access to American technology in order to build its own infrastructure.

by: Reuters

Ireland faces disproportionate hit from tit-for-tat Trump tariffs, study says

Ireland's domestic economy could be up to 1.8% smaller than it otherwise would be by 2032 if permanent 'tit-for-tat' tariffs are introduced between the United States and European Union, a study co-authored by the finance ministry showed on Friday.

by: Reuters

BRICS, planes and beef in spotlight as Brazil's Lula visits Vietnam, sources say

Brazil's President Luiz Inacio Lula da Silva will visit Vietnam next week, bringing with him a business delegation including executives from planemaker Embraer and food giant JBS that are both in talks for possible deals in the Southeast Asian country,

by: CNBC

The 10 most expensive places in the U.S. to start a new business, report finds

California and New York's high costs of living make them expensive for new business owners, according to a recent ranking from an online small business advisor.

by: Insider

More and more people are dining alone. It's a bigger indicator of unhappiness than being unemployed.

World Happiness Report found that solo dining spiked during the pandemic and remains elevated, particularly for under-35s.

by: Insider

Commerce Secretary Howard Lutnick hawks Tesla stock on TV: 'It'll never be this cheap again'

"It's unbelievable that this guy's stock is this cheap. It'll never be this cheap again," Lutnick said of Elon Musk's EV company, Tesla.

by: Reuters

Brazil sees prolonged US tariff talks, minister says, linking ethanol and sugar

Brazilian Finance Minister Fernando Haddad said on Thursday his government expects lengthy tariff negotiations with the United States, and suggested they would include trade discussions involving sugar and ethanol.

by: Reuters

Polish, British finance ministers discuss defence spending, FT says

Poland is discussing ways of working together with Britain and European nations to boost defence production while getting better value for taxpayers, Finance Minister Andrzej Domanski told the Financial Times in an interview on Thursday.

by: Reuters

Chinese textile maker Sunrise to build two plants in Morocco

Chinese textile company Sunrise Group will invest 2.3 billion dirhams ($240 million) to build two textile plants in Morocco, the Moroccan government said on Thursday after signing the deal.

by: Reuters

ARA gasoil stocks fall to 3-month low, Insights Global data shows

Gasoil stocks independently held in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub fell by over 4% on the week to their lowest since mid-December, data from Dutch consultancy Insights Global showed.

by: Reuters

NYSE-bound Klarna signs payments deal with DoorDash

Swedish payments firm Klarna, which is gearing up for a listing on the New York Stock Exchange, said on Thursday it has entered a payments partnership with online food and grocery delivery firm DoorDash .

by: Reuters

India's Bajaj Finance names Anup Kumar Saha as MD

Indian non-banking financial company Bajaj Finance on Thursday named Anup Kumar Saha as its managing director, replacing Rajeev Jain.

My parents own a home that's jumped 600% in value and is worth $500K. I want them to sell it to me for cheaper and avoid tax issues. Who can help?

Have an issue with your financial adviser or looking for a new one? Email questions or concerns to picks@marketwatch.com.
The article discusses a scenario where an individual wants to buy their parents' home, which has significantly appreciated in value from $75,000 to $500,000, at a price lower than its current market value to help them avoid capital gains tax. The parents, who have lived in the house for over 50 years, are considering selling due to their age and the maintenance costs of the property. The individual seeks advice on how to legally and financially manage this transaction. The article suggests consulting with a real estate attorney or a financial advisor to navigate the tax implications, explore options like a family sale at a reduced price, or consider estate planning strategies such as a life estate or a trust to minimize tax burdens while transferring the property.

Read the Full MarketWatch Article at:
https://www.msn.com/en-us/money/real-estate/my-parents-own-a-home-that-s-jumped-600-in-value-and-is-worth-500k-i-want-them-to-sell-it-to-me-for-cheaper-and-avoid-tax-issues-who-can-help/ar-AA1BiDrj

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