• Mon, March 24, 2025

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: Yahoo

Survey: Financial leadership should be top priority for next Byron superintendent

Following a series of financial struggles over the last year, residents say the most important area of expertise for the next superintendent of Byron Public Schools to have is budgeting. The district recently released the results of a community survey,

by: TheStreet

$330M in SBA loans went to the dead and infants, Musk's DOGE reveals

M in SBA loans went to kids—including a 9-month-old—sparking calls for blockchain to prevent future fraud through better transparency and ID checks.

by: MarketWatch

Why you should delete your 23andMe account. Here's the worst that could happen if your DNA data is exposed.

Me's bankruptcy has some consumer advocates warning customers of the DNA testing company to delete their accounts. Here's why they're sounding the alarm, and what's at stake if customers don't take action.

by: Reuters

Kenya seeks new IMF loan deal, says no disagreements with Fund

Kenya has applied for a new lending programme from the International Monetary Fund that will factor in unused money from the current programme which both sides walked away from last week, Finance Minister John Mbadi said on Monday.

by: Entrepreneur

British Entrepreneur and Podcaster Steven Bartlett Inspires the Next Generation of Regional Entrepreneurs at O West in Cairo

O West, the fully integrated town by Orascom Development in west Cairo, partnered with MO4 Network, one of the region's most impactful digital media companies with a portfolio of 14 leading publications,

by: Reuters

Colonial Pipeline responds to protests over proposed gasoline shipment changes

The Colonial Pipeline on Monday asked the U.S. Federal Energy Regulatory Commission to reject shippers' protests over proposed changes to how it moves gasoline, arguing that the modifications are in line with industry practices and within Colonial's authority.

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: 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: 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: Reuters

S&P 500 ends sharply higher, Nvidia and Tesla rally

The S&P 500 rose sharply to end at its highest in over two weeks on Monday, lifted by Nvidia and Tesla following signs that the Trump administration might take a more measured approach on tariffs against U.

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: 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,
  • Tue, March 25, 2025

by: BusinessTech

Big trouble for South Africans earning over R20,000 per month

Confidence amongst South Africans earnings over R20,000 per month has nosedived, with many expecting the economy and their finances to worsen over the next 12 months. The latest FNB/BER Consumer Confidence Index (CCI) dropped from -6 to -20 index points during the first quarter of 2025.

by: BBC

Launceston bank closures a 'disaster' for town

Businesses and bank customers in a town in Cornwall say they are concerned about banking access after three banks announced branches were to close within a month.Lloyds' branch in Launceston is due to close on 12 May,

by: Newsweek

UnitedHealthcare 'Pushing' Boundaries of Medicare Fraud, Republican Says

Rep. Greg Murphy (NC-R) discussed Republicans' efforts to reduce Medicare and Medicaid fraud on Fox Business Monda.

by: Moneycontrol

Finance Bill 2025: New income tax bill to scrapping of equalisation levy - Here's what Nirmala Sitharaman said in Lok Sabha

The Upper House is also expected to take up The Disaster Management (Amendment) Bill, 2024, which has already been passed by the Lok Sabha.

by: Bloomberg

Fleetio to Acquire Auto Integrate in $1.5 Billion Fleet Deal

Fleetio, a software firm that helps companies manage their vehicle fleets, has raised $450 million in late-stage venture funding to help finance a takeover of maintenance-authorization platform Auto Integrate.

by: CoinDesk

Trump-Backed World Liberty Financial Confirms Dollar Stablecoin Plans with BitGo

The USD1 token will be fully backed by U.S. government securities and cash, with BitGo providing custody services for the reserves.

by: BuzzFeed

People Are Sharing The Career Advice That Changed Their Lives, And It Will Make You Rethink Everything

"Don't be afraid to stay true to you, know your worth, and at all costs, protect your vibe" View Entire Post ›

by: News4Jax

10 IRA mistakes to avoid

The only option open to taxpayers at all income levels is a traditional nondeductible IRA, but this subjects investors to two big drawbacks: required minimum distributions (RMDs) and ordinary income tax on withdrawals. Assuming a backdoor Roth IRA will be tax-free

by: ProPakistani

Finance Ministry Hiring 6 Experts to Operationalize New Tax Policy Office on IMF Demand

The Ministry of Finance is recruiting six professionals to set up the Tax Policy Office (TPO) for the $7 billion Extended Fund Facility (EFF) agreement

by: CNBC

Software giant SAP becomes Europe's most valuable firm amid German stock market boom

Software-maker SAP became Europe's most valuable company this week, riding a wave of artificial intelligence enthusiasm and German stock market gains. CEO Christian Klein previously told CNBC that SAP had the "richest business data set of all tech companies" which was allowing it to deliver a multitude of new AI services.

by: Kiplinger

Can You Be Fired for Going to Work When You're Contagious?

What's an employer to do when an employee shows up at the office with a cold or the flu and spreads germs to co-workers?

by: Forbes

Who Is Frank Bisignano? Trump's Social Security Pick Has Confirmation Hearing Today Amid DOGE Cuts To Service.

Service at the Social Security Administration is reportedly in decline as Elon Musk's DOGE has sought to investigate the agency.

by: Forbes

How Could Trade Tariffs Impact Real Estate Developers And Investors In Canada?

Lower interest rates, often a response to tariff-induced economic shifts, have a direct impact on mortgage rates. As borrowing costs decrease, more Canadians qualify for mortgages, often leading to increased housing demand. This benefits builders by strengthening the seller's market, as more buyers compete for available properties.

by: Forbes

Navigating Domestic And International Regulations For Asset Protection

While you don't need to monitor every new law obsessively, staying informed about key regulatory shifts is crucial.

by: Forbes

Why Supervised Believes AI Is The Best Way To Talk To Your Team

Supervised's AI voice agents automate the status updates that managers spend hours getting from their employees, freeing up time for more valuable interactions

by: Reuters

Govt slaps Samsung with $601 million tax demand for telecom imports

Samsung was ordered to pay 44.6 billion rupees ($520 million), consisting of unpaid taxes and a penalty of 100%

by: Reuters

Standard Chartered makes three new hires in India to boost private credit business

Standard Chartered has made three new hires in India, according to its email to Reuters on Tuesday, as the bank aims to bolster its private credit business in the country.

by: Reuters

India slaps Samsung with tax demand of $601 million for telecom imports

India has ordered Samsung and its executives in the country to pay $601 million in back taxes and penalties for dodging tariffs on import of key telecoms equipment. The demand represents a substantial chunk of last year's net profit of $955 million for Samsung in India.

by: Reuters

Canadian aerospace groups warn fresh tariffs could raise costs on engine repairs, parts

Escalating U.S. tariffs and Canadian retaliatory duties could raise costs on items from aircraft components to engine repairs, according to aerospace trade groups in Canada, as a fresh round of the U.

by: Reuters

Exclusive: India slaps Samsung with tax demand of $601 million for telecom imports

India has ordered Samsung and its executives in the country to pay $601 million in back taxes and penalties for dodging tariffs on import of key telecoms equipment, a government order showed, for one of the biggest such demands in recent years.

by: Reuters

Shell's 2024 emissions largely stable at 1.2 billion tons CO2 equivalent

Shell's emissions were largely unchanged in 2024 at around 1.2 billion metric tons of CO2 equivalent, according to its annual report published on Tuesday and Reuters calculations.

by: Reuters

VW to work with Valeo, Mobileye on driver assistance systems

Volkswagen said on Tuesday it would collaborate with automotive parts suppliers Valeo and Mobileye to develop better driver assistance systems for its cars.

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.
The article from MSN titled "The Rise and Fall of 23andMe" outlines the journey of the genetic testing company 23andMe, which was founded in 2006 by Anne Wojcicki, Linda Avey, and Paul Cusenza. Initially, 23andMe gained popularity by offering consumers insights into their ancestry and health predispositions through DNA analysis. The company experienced significant growth, attracting millions of users and partnerships with pharmaceutical giants like GlaxoSmithKline. However, its trajectory took a downturn due to several challenges: regulatory hurdles from the FDA which initially banned health-related genetic tests, privacy concerns over how genetic data was handled, and a massive data breach in 2023 affecting nearly 7 million users. Additionally, the company faced financial difficulties, with its valuation dropping significantly from a high of $1.5 billion to much lower figures, reflecting investor skepticism about its business model and future profitability. The narrative captures the highs of innovation in personal genomics and the lows of navigating complex regulatory landscapes and maintaining consumer trust in the digital age.

Read the Full Insider Article at:
https://www.msn.com/en-us/money/companies/the-rise-and-fall-of-23andme/ss-AA1sAWp9