• Mon, March 24, 2025

by: CNA

As Hong Kong hosts finance, sports and arts events, some say the city is getting its groove back

Some observers, however, have struck a cautious tone on Hong Kong's present and future, especially with the looming impact of tariff threats and trade wars coming from US President Donald Trump's administration.

by: BBC

DNA testing site 23andMe files for bankruptcy protection

Popular DNA testing firm 23andMe has filed for bankruptcy protection, and announced that its co-founder and CEO, Anne Wojcicki, has resigned with immediate effect. The company will now attempt to sell itself under the supervision of a court.

by: GOBankingRates

Trump Wants To Eliminate Income Taxes: 5 Ways This Could Impact Your Salary

During President Donald Trump's successful campaign bid last year, he proposed eliminating individual income taxes for all Americans and paying for the lost revenue by increasing

by: Kiplinger

Road Toll Scam Texts are Still Going Around. Here's What to Look Out For

The link is made to look like it comes from your state's toll service name. If you received a text that seems to be a scam, the FBI suggests you file a complaint with the Internet Crime Complaint Center (IC3) including the phone number you received the text from and the website URL used in the text.

by: CoinTelegraph

Ethereum down 57% from its all-time high, but it's still worth more than Toyota

Despite trading at about half its all-time high, Ethereum's market capitalization of around $252 billion exceeds those of major global corporations like Toyota and Disney.

by: Bloomberg

Trade talks ramp up in race to avoid Trump's April 2 tariffs

Countries in the crosshairs of US tariffs are rushing to offer concessions and other defensive responses to White House demands in the final full week before President Donald Trump stages trade "Liberation Day.

by: Yen

UK targets spending cuts to mend public finances

Britain's Labour government will deliver a highly anticipated fiscal update on Wednesday, with finance minister Rachel Reeves expected to detail billions of pounds of spending cuts to address the

by: TechRadar

23andMe is bankrupt and about to sell your DNA, here's how to stop that from happening

As The Telegraph reports, 23andMe was once worth $6 billion but has seen revenue slump in recent years, reflecting a fall in the popularity of DNA testing. Now, with all of its assets on the chopping block, customer DNA data submitted to the company as part of its testing process could be up for sale.

by: AgWeb

How Your Income Taxes Will Change This Year

Income tax law will change this year, and it will be dramatic. Though the crystal ball right now is fairly cloudy as to the final provisions, the changes will likely be beneficial for most farmers.

by: Week99er

Qubetics Early Buyers Lock 11,437% ROI Potential in the Best Crypto Presale to Invest This Week as Cardano Faces $3.2T Scandal and Solana Pops on U.S. Policy Buzz

Looking for the best crypto presale to invest this week? Qubetics hits $15.4M with huge ROI potential, Cardano battles $3.2T trade volume claims, and Solana pumps on U.S. policy moves.

by: WRAL

Fact check: Elon Musk calls Social Security a 'Ponzi scheme'

In an interview with podcaster Joe Rogan, billionaire businessman and White House adviser Elon Musk resurrected a term that Social Security critics have sometimes used to describe the program, calling it a Ponzi scheme.

by: Investopedia

How Much Will the 2025 Standard Tax Deduction Actually Save You?

Looking ahead to your 2025 taxes and wondering about standard tax deduction amounts for each filing status? Here's what's changed from the 2024 tax year.

by: Newsweek

DOGE Details Major Changes to Small Business Loans: What To Know

The Small Business Administration guarantees loans for more than 33 million small businesses across the country.

by: Forbes

Lobbyist And Government Contractor Bought JD Vance's Home For $170,000 Over Asking Price

The buyer, a Trump appointee during his first term, denies any political motive—calling the $1.9 million deal purely market-driven.

by: Fortune

Donald Trump's crypto business launched a dollar coin called USD1: What we know so far

P resident Donald Trump's crypto portfolio continues to grow. His crypto project World Liberty Financial has launched a stablecoin, or a token pegged to a fiat currency like the

by: CNBC

Charts suggest subscription stocks like Netflix and Spotify can weather uncertainty, says Jim Cramer

CNBC's Jim Cramer on Monday reviewed analysis from chartist Bob Lang, who suggested certain companies that use a subscription-based business model can weather economic uncertainty. "The charts, as interpreted by Bob Lang,

by: Insider

More trouble for Tesla as China's BYD crosses $100 billion barrier

China's best-known automaker saw sales explode in 2024, selling over 500,000 more cars than forecast.

by: CNET

What Happens to the FAFSA and Student Loans if the Department of Education Shuts Down?

You should still fill out the FAFSA if you need help paying for college, but experts warn there could be delays.

by: Cryptopolitan

Russia needs to consider using crypto in wake of Trump's reserve, business lobbyist says

by: WBEZ

Mayor Johnson lacks the votes to compel CPS to make city pension payment, giving him days to find the cash

Seven of 20 school board members say they oppose reimbursing the city for the payment, leaving the mayor without enough yes votes. The city has until March 31 to settle its books.

by: Insider

Tesla stock has surged since Musk's surprise all-hands meeting as retail investors swarm

The stock has made back a chunk of the more-than-50% loss it suffered since mid-December.

by: TheStreet

The shocking ways an accountant can improve your finances

Sue Coffey, CEO of the American Institute of CPAs, joined TheStreet to discuss how having an accountant can actually help improve your finances. Related: Tax Day is coming — How to avoid these costly mistakes SUE COFFEY: We are the language of business.

by: Entrepreneur

Hiring Like Crazy? Ignoring These Processes Could Derail Your Business. Here's What You Need to Know.

Hyper-growth startups will struggle if they ignore people processes. Here's why — and how leaders can ensure their startup's growth is sustainable.

by: CNBC

United Airlines is raising annual fees for lounges and rewards credit cards. Here's what you need to know

United Airlines is raising annual fees for its popular rewards credit cards and yearly lounge passes. The carrier is also changing some of the benefits. Airlines have been adjusting their loyalty programs to reward their biggest spenders,

by: MarketWatch

U.S. economy perked up after cold snap, but business leaders worry about Trump trade wars and government spending cuts

Business leaders dialed back their plans for 2025 and grew more cautious as a series of trade wars threatened by President Donald Trump raises worries about customer demand and higher inflation.

by: Yahoo

Hawaii tax credits scrutinized by state lawmakers

COURTESY CORTEVA AGRISCIENCE / 2022 Corteva Agriscience said in written testimony that 2024's change to the research tax credit threatens growth and sustainability of high-paying research and development jobs and innovation in Hawaii.

by: BBC

Experts identify 45 financial risks at Somerset Council

An independent report into Somerset Council's precarious financial position has identified 45 key risks - 32 of which have been given the highest risk rating. They include council reserves falling below £30m and delays to the council's restructuring programme.

by: Fortune

Malaysia is reportedly tracking the flow of Nvidia chips through the Southeast Asian country after pressure from Washington

The country's trade minister has reportedly formed a task force with the digital minister to tighten regulations around Malaysia's data centers.

by: TheStreet

Business Exit Planning: A Comprehensive Guide for Private Company Owners

Discover 6 effective ways to exit your private company, from selling to family transfer and ESOPs. Learn how to plan ahead, value your business and ensure a successful transition.

by: MarketWatch

My parents own a home that jumped 600% in value and now 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: Insider

The rise and fall of 23andMe

Me has filed for bankruptcy, and CEO Anne Wojcicki is resigning. It once helped usher in the era of consumer DNA test kits nearly two decades ago.

by: CNBC

OpenAI expands COO Brad Lightcap's job to include oversight of business

OpenAI said in a blog post on Monday that COO Brad Lightcap will now oversee "business and day-to-day operations."

by: Reuters

US business activity rises in March, but sentiment deteriorates further

U.S. business activity picked up in March, but growing fears over import tariffs and deep government spending cuts continued to weigh on sentiment and prospects for the rest of the year.

by: Insider

Anne Wojcicki quits as 23andMe files for Chapter 11 bankruptcy

The DNA testing company faced major hurdles in the past year, including a data breach and a failed take-private attempt by CEO Anne Wojcicki.

by: TheStreet

Retirement Budgeting Tips

Learn how to build a balanced retirement income plan. Practical tips on planning for future health care and inflation.

by: Insider

What student-loan borrowers should know about Trump's plans to dismantle the Education Department

Trump said student loans will be transferred to the Small Business Administration as part of his plan to eliminate the Department of Education.

by: Reuters

Brazil airline Gol signs Chapter 11 exit financing commitment

Brazilian airline Gol said on Monday it had entered an exit financing commitment with certain investors, without naming them, as it eyed exiting Chapter 11 bankruptcy proceedings.

by: Reuters

China promotes business potential to Apple, Pfizer and other US companies

China sought to reassure foreign corporate chiefs of the country's business potential when Vice Premier He Lifeng met with the heads of Apple, Pfizer, Mastercard, Cargill and others on Sunday. He also met with pharmaceutical firm Eli Lilly,

by: Insider

Big Four bet on AI agents that can do all the work and 'liberate' staff

Deloitte launched an agentic AI platform that it says will reduce costs by 25%, but questions remain about how its workforce will use the tool.

by: Insider

Snap's CEO sets new hires up to fail on their first day. He says it makes them more creative.

Snap CEO Evan Spiegel says he gives new hires an "almost impossible" task on their first day. Here's why.

by: Reuters

US business equipment borrowings down more than 7% y/y in February, ELFA says

U.S. companies borrowed 7.4% less to finance equipment investments in February compared with the same period a year earlier, the Equipment Leasing and Finance Association (ELFA) said on Monday.

by: Reuters

China touts business potential to US companies despite 'rising instability'

China's economy tsar, Vice Premier He Lifeng, sought to reassure foreign CEOs of the country's business potential, describing the economy as highly resilient, while global investment banks cautiously raised their 2025 outlook for the country.

by: Insider

Snap's CEO sets new hires up to fail on their 1st day. He says it makes them more creative.

Snap CEO Evan Spiegel says he gives new hires an "almost impossible" task on their first day. Here's why.

by: Reuters

British pound firms ahead of this week's budget update

Sterling climbed on Monday ahead of British finance minister Rachel Reeves' spring budget update later this week and as data earlier in the day showed that business activity in the UK's huge services sector picked up this month.

by: Reuters

DBS' new CEO eyes 'bolt-on' acquisitions to bolster tech capabilities

by: Reuters

Morning Bid: Tariff exclusion hopes prop up markets

Reuters, the news and media division of Thomson Reuters, is the world's largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers.

by: Reuters

US retailers haggle with suppliers after Trump tariffs

U.S. retailers Walmart and Target are bickering behind the scenes with their suppliers over proposed price hikes on everything from cake pans, tote bags and toys to other merchandise.

by: Reuters

China's Sinopec to prioritise risk control in Russian oil purchases, exec says

Top Chinese refining major Sinopec Corp will prioritise "risk control" in purchasing Russian oil, which has similar quality for its value versus competing global supplies, a top company executive said on Monday.

China's Sinopec to prioritise risk control in Russian oil purchases, exec says

Top Chinese refining major Sinopec Corp will prioritise "risk control" in purchasing Russian oil, which has similar quality for its value versus competing global supplies, a top company executive said on Monday.
The article from Reuters discusses how China's Sinopec, one of the world's largest oil companies, is focusing on risk management in its dealings with Russian oil purchases. During the Boao Forum for Asia, Sinopec's President, Yu Baocai, highlighted the importance of controlling risks associated with buying Russian oil amidst geopolitical tensions and sanctions. He emphasized that while Sinopec continues to engage in trade with Russia, the company is cautious about the potential risks, including financial and reputational risks due to international sanctions. Yu also mentioned that Sinopec is looking to diversify its energy sources to mitigate these risks, indicating a strategic shift towards a more balanced and secure energy supply chain.

Read the Full Reuters Article at:
https://www.reuters.com/business/energy/chinas-sinopec-prioritise-risk-control-russian-oil-purchases-exec-says-2025-03-24/

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