Business

TikTok's parent company ByteDance faces an April 5 deadline to sell the app's US operations, following an extension by President Trump. Several potential buyers have expressed interest, and Trump has indicated a willingness to assist in brokering a deal to maintain access to the platform.

Independent contractors can leverage a range of tax deductions on their 1099 returns. These deductions encompass home office expenses, educational costs, business insurance premiums, depreciation of property and equipment, vehicle-related expenses, business travel, cell phone and internet bills, health insurance and medical expenses, retirement savings, startup costs, advertising fees, consulting and professional service fees, self-employment taxes, and the qualified business income (QBI) deduction.

US stocks declined on Friday as investors processed deteriorating consumer sentiment and inflation data, coupled with President Trump's announcement of 25% tariffs on all cars imported into the US, which heightened concerns about the economic impact.

GameStop has shuttered over 1,000 stores globally within the past year and is redirecting its financial strategy by investing in bitcoin as a treasury reserve asset, signaling a shift away from its traditional retail model.

DoorDash has announced a new partnership with Klarna, allowing customers to pay for their orders in installments starting soon.

Black entrepreneurs in the South and Washington D.C. have the highest concentration of Black-owned employer businesses, with transportation being the most prevalent industry.

Providing health insurance as an employee benefit can decrease turnover, enhance retention, and foster a healthier, more productive workforce, making it a prudent financial decision for small businesses in 2025.

Despite the president's executive order ending DEI initiatives within federal agencies and threatening private companies that use them, companies such as Johnson and Johnson, JPMorgan Chase and Co., Goldman Sachs, and Costco are reinforcing their commitments to DEI, citing the advantages of a diverse work environment and workforce.

Meta is discontinuing its diversity, equity, and inclusion initiatives in response to evolving legal and policy frameworks, shifting its focus to equitable and consistent practices aimed at reducing bias for everyone.

The Federal Trade Commission has documented a significant increase in online job scams, with task scams comprising nearly 40% of job scam reports in 2024, and cryptocurrency-related losses totaling $41 million in the first half of 2024.