Happy New Year 2025

Category: Business

Meta Platforms’ Mark Zuckerberg on leaks: ‘everything I say leaks’

Evercore ISI senior managing director Mark Mahaney discusses whether China’s DeepSeek A.I. app is a challenge to Big Tech stocks on ‘Varney & Co.’

Meta CEO Mark Zuckerberg reportedly weighed in earlier this week on leaks from internal company all-hands meetings.

Zuckerberg, the chief executive of the corporate parent of Facebook, Instagram, Whatsapp and Threads, said Thursday during a company-wide meeting that “everything I say leaks” so he must heed what comments he makes, 404 Media reported, citing audio from the gathering.

Zuckerberg said that he wanted “to be able to talk about stuff openly, but I am also trying to like, well, we’re trying to build stuff and create value in the world, not destroy value about stuff that inevitably leaks,” according to the audio.

Meta Mark Zuckerberg walks to lunch following a session at the Allen & Company Sun Valley Conference on July 8, 2021 in Sun Valley, Idaho. (Photo by Kevin Dietsch/Getty Images / Getty Images)

“There are a bunch of things I think are value-destroying for me to talk about, so I’m not going to talk about those,” the Meta CEO said, adding that it’s a “little bit of a bummer” but acknowledged “maybe it’s just the nature of running a company at scale,” according to 404 Media.

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He reportedly made the comments ahead of the meeting’s question-and-answer session. The format of that portion of the meeting was altered from past company-wide meetings but still sought to cover the “main themes” of things workers asked about, the outlet reported.

Zuckerberg said employees “can give us feedback later” on the adjustments, according to the outlet.

The tech company’s global workforce consisted of over 74,000 workers at 2024’s year-end, according to the annual report that Meta submitted to the Securities and Exchange Commission on Thursday.

The meeting, held a day after the company released its fourth-quarter financial results, was reportedly wide-ranging.

Ticker Security Last Change Change %

META META PLATFORMS INC. 698.53 +11.53 +1.68%

FOX Business reached out to Meta for comment on Zuckerberg’s reported comments.

Zuckerberg reportedly discussed DeepSeek, a Chinese artificial intelligence startup that recently released an AI chatbot that it claimed was on par with the most advanced models from U.S. companies. DeepSeek claimed it spent less money and used only 2,000 Nvidia H800 chips to do that.

THE DEEPSEEK AI CHATBOT BURST ONTO THE SCENE: ARE FEARS ABOUT IT OVERBLOWN?

He said Meta “can not only observe what they did, but we can read about it and implement,” something he said would “benefit” the U.S. tech company, according to 404 Media.

Signage outside Meta headquarters in Menlo Park, California, on Thursday, Feb. 1, 2024. (Photographer: David Paul Morris/Bloomberg via Getty Images / Getty Images)

Meta released its own open-sourced AI model, Llama, in 2023.

Zuckerberg described Llama as a free model “that’s competitive with the best models out there,” adding that he thinks “there might be an opportunity to do even more,” the outlet reported.

During the meeting, he reportedly said Meta “now have an opportunity to have a productive relationship with the United States government, and we’re going to take that,” regarding the new Trump administration.

Zuckerberg met with President Donald Trump in late November. The tech CEO was also present at the 47th president’s inauguration in Washington, D.C., two weeks ago.

From left tor right, Priscilla Chan, Meta CEO Mark Zuckerberg, and Lauren Sanchez attend the inauguration ceremony before Donald Trump is sworn in as the 47th president of the United States, in the Capitol Rotunda in Washington, D.C., on Jan. 20, 202 (Saul Loeb/Pool/AFP via Getty Images / Getty Images)

Zuckerberg’s thoughts on the trajectory of AI, DEI policies and TikTok were among some of the other topics that came up during Meta’s company meeting, according to 404 Media.

On Wednesday, while discussing the company’s fourth-quarter earnings report with analysts and investors, he said 2025 was “going to be a big year” for Meta.

FACEBOOK OWNER INVESTING UP TO $65 BILLION TOWARD AI IN 2025

“I think this is the most exciting and dynamic that I have ever seen our industry,” he said. “Between AI, glasses, massive infrastructure projects, doing a bunch of work to try to accelerate our business, and building the future of social media, we have a lot to do. And I think we’re going to build some awesome things that shape the future of human connection.”

FOX Business’ Eric Revell contributed to this report.

January 31, 2025
RFK Jr grilled by Warren over drug company money, while she took $5 million from them

Dr. Peter McCullough tells ‘The Evening Edit’ his takeaways from Robert F. Kennedy, Jr.’s Senate confirmation hearing.

Sen. Elizabeth Warren, D-Mass., pressed Robert F. Kennedy Jr. to make commitments that he would not seek to profit off of drug companies or lawsuits related to them after working in the Trump administration, if he is confirmed as Health and Human Services (HHS) secretary.

However, the Massachusetts Democrat herself raked in roughly $5 million from the health industry during her presidential bid in 2020.

“Will you commit that when you leave this job, you will not accept compensation from a drug company, a medical device company, a hospital system, or a health insurer for at least four years, including as a lobbyist or a board member?” Warren asked Kennedy during his hearing before the Senate Finance Committee on Wednesday.

‘OVERDOSE EPIDEMIC’: BIPARTISAN SENATORS TARGET FENTANYL CLASSIFICATION AS LAPSE APPROACHES

Sen. Elizabeth Warren questioned Robert F. Kennedy Jr. about taking money from drug companies or lawsuits. (Reuters)

“I’m happy to commit to that,” President Trump’s nominee for secretary of HHS told her. “I don’t think any of them want to give me money, by the way.”

Warren continued, asking Kennedy to promise he would not “take any compensation from any lawsuits against drug companies while you are secretary and for four years afterward” either.

“You won’t go to work for a drug company after you leave HHS, but you and I both know there’s another way to make money,” the senator told him.

TENSION BUILDS AROUND TULSI GABBARD’S CONFIRMATION WITH KEY GOP SENATORS UNDECIDED

Robert F. Kennedy Jr., President Donald Trump’s nominee for secretary of Health and Human Services, returns to his seat following a break during his Senate Finance Committee confirmation hearing at the Dirksen Senate Office Building on Jan. 29, 2025 (Anna Moneymaker/Getty Images / Getty Images)

Kennedy pushed back on this, suggesting, “You’re asking me to not sue drug companies,” which he said he would not agree to.

Despite requesting these assurances from Trump’s HHS nominee, Warren notably received about $5 million from the healthcare sector and associated industries during her failed presidential bid.

SCOOP: KEY GOP SENATOR WHO HESITATED ON PETE HEGSETH PUSHES KASH PATEL FOR FBI

Robert F. Kennedy Jr. said he did not think drug companies would want to give him money. (IStock / iStock)

She was given $2,366,613 by health professionals, $1,600,888 by hospitals and nursing homes, $644,499 from miscellaneous health industries and $625,580 from the pharmaceuticals and health products industry, according to OpenSecrets.

Her office did not provide comment to Fox News Digital in time for publication.

‘SQUEEZED BY RISING COSTS’: DEMOCRAT JACKY ROSEN LEADS BIPARTISAN BILL TO ADDRESS CHILDCARE AFFORDABILITY

Sen. Elizabeth Warren took more than $5 million from the health industry. (Al Drago/Bloomberg via Getty Images / Getty Images)

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Warren is not the only senator who has taken significant contributions from these industries. Sen. Tim Kaine, D-Va., received more than $200,000 during the 2024 election cycle and Sen. Patty Murray, D-Wash., took upwards of $360,000 in 2022. They are both members of the Senate Committee on Health, Education, Labor and Pensions.

January 31, 2025
Inside the DC plane crash investigation: Air traffic staff a ‘small piece’ of ‘very big puzzle,’ official says

FOX Business’ Grady Trimble speaks with National Transportation Safety Board member Todd Inman about the ongoing investigation to discover the cause of the tragic D.C. plane crash.

Following a bombshell report over the alleged air traffic control staffing on the night of the tragic American Airlines and Black Hawk helicopter collision in D.C., the National Transportation Safety Board’s (NTSB) designated spokesperson for the incident warned that “a lot of questions remain” about the events leading up to the crash.

“Let me say this first: we [have] to remember 67 people lost their lives… Today will be yet another day of the teams going out there,” NTSB member Todd Inman told FOX Business’ Grady Trimble on Friday.

“They’re out in the field. They’re collecting data. They’ve started interviews. We have hundreds of people in this investigation,” he continued. “But the most important thing right now is to obtain and preserve any perishable evidence so that whenever we come off scene, we can start the analyzation of it.”

An internal preliminary report from the Federal Aviation Administration (FAA), obtained by the Associated Press, allegedly showed that the number of staff members working at the air control tower at Ronald Reagan Washington National Airport (DCA) in Arlington, Virginia, was “not normal for the time of day and volume of traffic.”

EXPERT PUTS ONUS ON F.A.A. FOR AMERICAN AIRLINES, HELICOPTER CRASH: ‘BAD MANAGEMENT’ IS ‘PUTTING US AT RISK’

On Wednesday night, an American Airlines plane and an Army helicopter collided near Reagan National Airport outside of Washington, D.C. All 67 people onboard both aircraft are presumed dead.

NTSB member Todd Inman told FOX Business “we don’t use the word normal per say,” when discussing air traffic control staff. (Getty Images)

“We don’t use the word normal per se,” Inman reacted. “What happens immediately after an accident is a safety review team begins doing just what we said, perishable evidence. And this is a lot of different people from the FAA. Union representatives all immediately start gaining information.

“So what people are talking about is a rough draft of something, but it is a small piece of a very big puzzle. Thousands of data points,” he added. “So ultimately [it led] to our recommendation of how to prevent this tragedy from occurring again.”

The FAA report also claimed that one air traffic controller was working two positions at the time of the crash, when typically, the two assignments are split between two air traffic controllers.

Aviation expert Captain Mike Coffield breaks down the response process and investigation following a midair collision between a regional airline jet and an Army Black Hawk helicopter.

“Airports are living, breathing cities. So at any time because of weather, because of traffic, because of any other issue, you could see fluctuations in staff up and down. Now, is that an acceptable standard for safety? We will investigate that, and we’re going to find out. If there was anything that needs to be remediated, [we] will then make recommendations,” Inman responded.

Inman pointed out that the NTSB will be closely evaluating evidence like cockpit communications, unique sound recordings, aileron positions, landing gear, altitude pitch, submerged electronics, debris and even interviewing staff that were working with both aircraft.

President Donald Trump has also chimed in on the investigation, claiming via Truth Social that the Army helicopter may have been flying too high, “far above the 200 foot limit” in the DCA airspace.

Victims identified in DC plane crash involving American Airlines jet and military helicopter (Getty Images / Getty Images)

“I would be very careful to anyone who’s listening to this to rely upon off-the-shelf software speculation they’re seeing online,” Inman noted. “Our job is to get the absolute facts as we get these [black] boxes in and get them analyzed, and we look at more granular data, [we’ll] be able to give a much better picture on that.

“In fact, I would just make sure you remember there can be a 50-foot difference in some cases and up to 100 yards for radar versus Ads-b, which is more GPS based. But it’s still not as accurate as what’s in the plane itself.”

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Helicopter pilot Dean Wegner argues there’s ‘a longer story’ behind the tragic American Airlines and helicopter aircraft collision and shares his condolences.

The NTSB plans to “take [their] time” on the investigation, pledging to follow through all evidence “as long as it takes” to get to the root of what happened Wednesday night.

“We’ve done over 100,000 aviation accident investigations, made 15,000 recommendations,” Inman said. “Right now, we’ve not found anything. But if we do, we will immediately tell the public. Our job is to prevent this tragedy from happening again.”

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Fox News’ Greg Wehner contributed to this report.

January 31, 2025
Nvidia’s Jensen Huang to meet with President Trump

Key Advisors Wealth Management co-founder Eddie Ghabour reveals why he recently bought Nvidia stock during an appearance on ‘Varney & Co.

President Donald Trump is scheduled to meet with Nvidia CEO Jensen Huang at the White House on Friday, FOX Business confirmed.

Huang and Trump are expected to discuss artificial intelligence (AI), as well as chips and the power needed to train AI models and semiconductor manufacturing facilities.

This is a developing story. Please check back for updates.

FOX Business’ Edward Lawrence contributed to this report

January 31, 2025
American Airlines subsidiary announced corporate HQ move from Ohio to North Carolina hours before deadly crash

Transportation Secretary Sean Duffy provides details during an update on the midair collision between an American Airlines jet and an Army Helicopter.

On Wednesday — the same day as the deadly midair collision between a military helicopter and a passenger airplane that occurred Wednesday night — PSA Airlines had announced plans to relocate its corporate headquarters from Ohio to North Carolina, reports indicate.

PSA Airlines made the announcement “hours before” the fatal crash, the Dayton Daily News reported.

PSA is a subsidiary of American Airlines Group. According to American Airlines, American Eagle Flight 5342, the flight involved in the incident, “was operated by PSA Airlines with a CRJ-700.”

DC PLANE CRASH INVESTIGATORS RECOVER AMERICAN AIRLINES BLACK BOXES AFTER MIDAIR COLLISION

An American Eagle, operated by PSA Airlines, a CRJ-700 aircraft arrives at Ronald Reagan Washington National Airport on Jan 22, 2025 in Arlington, Va. (Kevin Carter/Getty Images)

Fox News Digital reached out to American Airlines and PSA Airlines for comment about the announced headquarters relocation, but did not receive comment in time for publication.

It appears that there was a page on the PSA airlines website about the headquarters relocation announcement — but the link to that press release, as well as other links to the PSA Airlines website, currently redirect to the homepage of the American Airlines website.

THE MOST RECENT COMMERCIAL AVIATION ACCIDENTS IN THE US

The Punaro Group CEO Gen. Arnold Punaro (ret.) weighs in on the Black Hawk helicopter involved in the D.C. plane crash and Tulsi Gabbard’s Senate confirmation hearing.

“We chose to relocate PSA’s headquarters to Charlotte for several important reasons, including that Charlotte is where most of our daily departures occur and almost all our training is based,” PSA president and CEO Dion Flannery noted, according to the Dayton Daily News. “Charlotte is a vibrant community and home to the world’s seventh-busiest airport.”

“While we’re looking forward to getting integrated into the Charlotte community, I want to sincerely thank the city of Dayton, its leaders and the entire Dayton community for embracing and supporting PSA for so many years. We will continue to have a presence in Dayton with a maintenance hangar and crew base, including more than 550 Dayton-based team members,” he noted, according to the outlet.

SOUTHWEST AIRLINES CEO ON AMERICAN AIRLINES CRASH IN DC: ‘OUR HEARTS GO OUT’

Helicopter pilot Dean Wegner argues there’s ‘a longer story’ behind the tragic American Airlines and helicopter aircraft collision and shares his condolences.

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Dozens lost their lives due to the deadly crash.

“Sadly, there are no survivors,” President Trump said on Thursday.

The incident is under investigation.

The National Transportation Safety Board’s media relations division noted in Thursday a post on X that “NTSB investigators recovered the cockpit voice recorder and flight data recorder from the Bombardier CRJ700 airplane involved in yesterday’s mid-air collision at DCA. The recorders are at the NTSB labs for evaluation.”

January 31, 2025
Egg prices aren’t coming down anytime soon: experts say

Cameron Mitchell Restaurants founder and CEO Cameron Mitchell unpacks the impact of the the disease on the cost of goods on ‘The Claman Countdown.’

Elevated egg prices are expected to persist throughout 2025 as supply shortages continue, according to industry experts.

The United States Department of Agriculture (USDA) predicted that egg prices, which can fluctuate significantly month to month, will rise by more than 20% in 2025.

The outbreaks of highly pathogenic avian influenza (HPAI) – or bird flu – that began in 2022 and have persisted into 2025, are to blame. Experts tell FOX Business that cases of bird flu have significantly reduced the U.S. laying egg flock, which is pushing prices higher at the store.

BIRD FLU VACCINE: WHAT TO KNOW

To put this in perspective, prices were 36.8% higher in December 2024 than they were a year earlier, although they were still below peak prices in January 2023, according to the USDA.

“When detections are high, lower egg supplies will drive prices higher,” Bernt Nelson, an economist with the American Farm Bureau Foundation, told FOX Business, adding that “egg prices have been riding the waves of avian influenza since this outbreak began and this is likely to continue.”

Egg cartoons at Key Food in the Upper East Side neighborhood of Manhattan on Jan 27, 2025. (Fox News / Angelica Stabile / Fox News)

Nelson estimated that more than 136 million birds have been affected by avian influenza since 2022. In December, there were over 18 million birds affected, which he said led to “bare grocery shelves in some places and widespread higher prices.”

Kevin Bergquist, Wells Fargo Agri-Food Institute sector manager, also raised concerns that the recent rash of even more bird flu cases in late 2024 and thus far in 2025 are still driving the flock numbers lower.

The issue is when bird flu is detected, the entire flock is depopulated to prevent the disease from spreading and to ensure no infected birds enter the food supply.

The USDA said the disease is highly contagious with one bird being capable of spreading it “from flock to flock within a matter of days.” Depopulating or euthanizing affected animals is “one of the most effective ways to stop disease spread and protect U.S. animal health as a whole,” the agency said.

Egg cartoons at Key Food in the Upper East Side neighborhood of Manhattan on Jan 27, 2025. (Fox News / Angelica Stabile )

US EGG PRODUCTION DROPS AS PRICES CONTINUE TO RISE ALONG WITH BIRD FLU CASES

Nelson and Bergquist said it takes several months to sterilize the layer facilities and repopulate the location with birds capable of laying eggs.

Egg cartoons at Key Food in the Upper East Side neighborhood of Manhattan on Jan 27, 2025. (Fox News / Angelica Stabile / Fox News)

“Often, laying hen operations are concentrated with well over a million birds located on a single site. So, if HPAI hits a particular location, that whole flock is lost,” Bergquist said. The loss of many hens also puts pressure on the supply of new chicks, he added.

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Even after a detection is resolved, there is a mandatory quarantine period of 21 days. Then, a chicken needs to be about 18 weeks old before it can begin to lay eggs, meaning it takes more time to bring a flock back into production, Nelson said.

Bergquist said it is likely that additional bird flu outbreaks will occur in the next few months, which “resets the number of laying hens lower, sometimes by millions of layers at a time. Fewer birds mean fewer eggs, sustaining the pricing pressure,” Bergquist added.

January 31, 2025
Fed’s favorite Inflation gauge showed price growth picked up in December

QI Research CEO and chief strategist Danielle DiMartino Booth reacts to the Federal Reserve leaving interest rates unchanged on Making Money.

The Federal Reserve’s preferred inflation gauge showed prices rose as expected in December, and it remains above the central bank’s target level amid its ongoing efforts to wrestle down inflation.

The Commerce Department on Friday reported that the personal consumption expenditures (PCE) index was up 0.3% from the prior month and 2.6% on an annual basis. Those figures were in line with the estimates of economists polled by LSEG.

Core PCE, which excludes volatile food and energy prices, rose 0.2% for the month and increased 2.8% from a year ago, in line with estimates.

This is a developing story. Please check back for updates.

January 31, 2025
Trump tariff threats on Canadian oil could impact three US regions, gas analyst says

Patrick De Haan, head of petroleum analysis at GasBuddy, discusses the potential impacts placing tariffs on Canadian oil could have on gas prices in the U.S.

Americans in the Midwest, Rockies and Great Lakes regions may want to brace for gas price hikes if the U.S. places tariffs on Canadian oil, energy expert Patrick De Haan warned Thursday.

“[The impact would be] certainly unbalanced,” De Haan, head of petroleum analysis at GasBuddy, told FOX Business’ Stuart Varney.

“And who will be impacted?” he continued. “Primarily, motorists in the Great Lakes could see gas prices shooting up in excess of $0.20 a gallon. A lot of that Canadian crude oil flows directly down into areas like the Great Lakes, the Midwest, the Rocky Mountains regions, where it may be difficult to find different sources of crude oil.”

CANADA READIES TRUMP TARIFFS RESPONSE: ‘IN A TRADE WAR, THERE ARE NO WINNERS’

Gas prices (iStock / iStock)

“Having said that, the pressure on Canada is undermining the price of western Canadian oil. It’s down to about $60 a barrel today, but this certainly is still likely to have some bite for motorists in the Great Lakes, the Rockies and the Midwest.”

Even the Northeast, which is reliant on Canada’s St. John and Irving oil refineries, could potentially take a hit.

“That would be an impact, though, on refined products, so the Northeast could be subject to those tariffs that finalize products like diesel fuel and jet fuel, and gasoline does flow from that Canadian refinery to the northeastern United States as well, so there could be some spillover to other regions,” De Haan explained.

WHY IT MAY NOT BE EASY TO RESTART THE KEYSTONE XL PIPELINE

President Trump has long threatened to impose 25% tariffs on Canada and Mexico, two of the U.S.’s largest suppliers of crude oil, unless the countries take action to stop the flow of illegal immigrants and fentanyl into the U.S.

During her first press briefing on Tuesday, White House spokeswoman Karoline Leavitt reaffirmed Trump’s plan to impose the tariffs on Feb. 1.

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Thru the Cycle President John Lonski explains how tariffs against Canada and Mexico will impact the U.S. economy on ‘Varney & Co.’

Reuters contributed to this report.

January 31, 2025
Major companies sticking with DEI programs despite pressure

Rep. Cory Mills, R-Fla., reacts to Pete Hegseth’s push to end DEI programs and initiatives in the military as well as discusses President Trump’s border agenda.

A slew of American companies have scaled back their diversity, equity and inclusion (DEI) initiatives over the past year amid pressure from activists and concerns over legal risks, but many are standing firm despite pushback.

Significant brands such as Walmart, McDonald’s, Amazon, Ford and Lowe’s have all begun rolling back DEI initiatives in response to a cultural shift that included customer backlash, pressure from conservative-leaning groups and activists, and possible legal ramifications.

President Trump made promises during the campaign to scale back federal DEI programs. In his first week back in office, Trump signed an executive order ending DEI offices and initiatives across the federal workforce.

President Donald Trump speaks about the mid-air crash between American Airlines flight 5342 and a military helicopter in Washington, in the Brady Press Briefing Room at the White House on January 30, 2025 in Washington, DC. (Roberto Schmidt/AFP via Getty Images / Getty Images)

Trump even slammed DEI initiatives at the FAA during a press conference related to the deadly mid-air collision between an American Airlines passenger jet and a US Army Black Hawk helicopter over the Potomac River near Reagan National Airport in Arlington, Virginia.

All 64 passengers aboard the plane and the three crew members aboard the helicopter were killed.

With the investigation at such an early stage, information publicly available at this time does not suggest DEI initiatives at the FAA played any part in the crash. Still, it didn’t stop the president from signing a memorandum to end diversity, equity and inclusion (DEI) practices in the aviation sector.

WHAT CAUSED THE REVOLT AGAINST DEI IN AMERICA?

Despite the rollback put in place by a number of companies and the political pressure under President Trump, some companies are holding fast and maintaining their DEI policies.

Here are 5 of the biggest companies that have doubled down on DEI:

Apple

Ticker Security Last Change Change %

AAPL APPLE INC. 237.59 -1.77 -0.74%

In a proxy filing ahead of Apple’s upcoming annual meeting, the company’s board of directors urged shareholders to reject a proposal that would require the company to end its DEI programs, arguing the move would be “unnecessary.”

TARGET FACING RETRIBUTION AT HOME FOR ROLLING BACK DEI INITIATIVES

Costco

Customers enter a Costco Wholesale Corp. warehouse store in Hawthorne, California, on June 12, 2024. (PATRICK T. FALLON/AFP via Getty Images / Getty Images)

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COST COSTCO WHOLESALE CORP. 979.01 +14.99 +1.55%

Costco’s board of directors came out unanimously against a proposal calling for a report on the risks associated with keeping its DEI efforts in place, and shareholders overwhelmingly rejected the measure.

Goldman Sachs

A sign is displayed in the reception of Goldman Sachs in Sydney, Australia, May 18, 2016. REUTERS/David Gray/File Photo (REUTERS/David Gray/File Photo / Reuters Photos)

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GS THE GOLDMAN SACHS GROUP INC. 645.42 +8.08 +1.27%

Goldman Sachs Group, Inc.

The Wall Street Journal reported that in response to being targeted by anti-DEI proposals from activist shareholders, “A Goldman spokeswoman said the bank strongly believes that organizations benefit from diverse perspectives and that it is committed to operating its programs and policies in compliance with the law.”

COSTCO BOARD MEMBERS DONATED HEAVILY TO DEMOCRATS IN 2024 ELECTION CYCLE

Goldman Sachs CEO David Solomon said in a CNBC interview from the World Economic Forum that the bank will “continue to stay focused on talking to our clients and doing the things we’ve always done.”

“They think about decarbonization, they think about climate transition,” he said. “They think about their businesses, how they find talent, the diversity of the talent they find all over the world.”

JPMorgan Chase

The JPMorgan Chase logo is seen at their headquarters building on May 26, 2023 in New York City. ( Michael M. Santiago/Getty Images / Getty Images)

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JPM JPMORGAN CHASE & CO. 268.23 +1.65 +0.62%

JPMorgan Chase CEO Jamie Dimon also defended his bank’s DEI programs in a separate CNBC interview from the WEF.

When asked about the anti-DEI push, Dimon said, “Bring them on,” adding, “We’re going to continue to reach out to the Black community, the Hispanic community, the LGBT community, the veterans community…”

Microsoft

Ticker Security Last Change Change %

MSFT MICROSOFT CORP. 414.99 -27.34 -6.18%

Microsoft doubled down on its commitment to DEI in its diversity and inclusion report in October, with Chief Diversity Officer Lindsay-Rae McIntyre writing “We continue to believe it’s the business of Microsoft to be diverse and inclusive so we can build products, services, and a workforce that empowers the world.”

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McIntyre reiterated in a blog post last month that “Microsoft’s diversity and inclusion work is more important than ever.”

January 31, 2025
Don’t file your taxes until you get all the documents

Rep. Carlos Gimenez, R-Fla., on Republican priorities as they seek to pass a single reconciliation bill, Congress certification of the 2024 election and the reauthorization of the House Select Committee on the Chinese Communist Party.

Tax filing season is underway and while many taxpayers may be eager to file sooner rather than later to get the process over with, they should be sure they have all the documents they need before doing so.

The Taxpayer Advocate Service of the Internal Revenue Service (IRS) published a post encouraging taxpayers to wait to file until they’re sure they’ve received all of their tax forms to avoid having to file an amended return and face delays with receiving a refund.

“Amending your tax return after filing your taxes to report additional income missed on your original return… can take months to process,” the Taxpayer Advocate Service wrote. “It really is worth waiting to file until all final income documents are received to avoid having to file an amended return.”

Among the common documents taxpayers should be on the lookout for is the W-2 form, which is provided by employers and contains information about a worker’s total compensation, taxes paid, contributions to retirement accounts and other payroll deductions.

TAXPAYERS LEAVING THOUSANDS OF DOLLARS ON THE TABLE AT TAX TIME: EXPERT

Taxpayers should ensure they have their income statements and other tax documents before filing their returns. (Daniel Acker/Bloomberg via Getty Images / Getty Images)

Another common tax document is the 1099 which comes in several forms, including the 1099-INT which reports interest income of $10 or more from banks and other financial institutions; 1099-DIV which reports income from dividends and other distributions; and the 1099-R for distributions of $10 or more from an annuity, pension, retirement account, or insurance plan.

The 1099-K form reports income received from selling items through financial platforms like Cash App, eBay, Etsy, Paypal, Venmo and others – and taxpayers whose transactions topped $5,000 in 2024 should be on the lookout for such forms. People receiving unemployment compensation will receive form 1099-G.

Additionally, the 1099-MISC form reports miscellaneous income like royalties, rents, prizes and awards; while independent contractors who earn over $600 in a calendar year will receive a 1099-NEC.

IRS ANNOUNCES START OF TAX SEASON – WHAT TO KNOW

The IRS’ deadline for individuals to file their returns or request an extension is April 15, 2025. (Photo by J. David Ake/Getty Images / Getty Images)

Retirees and taxpayers receiving Social Security benefits will receive form SSA-1099 or SSA-1042S to report the benefits they’ve received.

The 1098 form is another common document, which reports mortgage interest paid, insurance premiums and other details. The 1098-E variant goes to taxpayers with federal student loans and reports interest paid equal or greater to $600; while 1098-T goes to taxpayers who were paid for tuition and expenses, scholarships or grants.

The Schedule K-1 form is provided to business owners, co-owners and partners, shareholders and investors, and people who receive income or assets from a trust or estate. The form reports the amount of income and losses that are passed through to each party with an interest in a business or trust.

IRS INCREASES 401(K), OTHER 2025 RETIREMENT PLAN CONTRIBUTION LIMITS

Reitrees and recipients of Social Security also need to be on the lookout for tax forms. (Photo illustration by Kevin Dietsch/Getty Images/ iStock / Getty Images)

Most tax documents should arrive from January through February, though there are some exceptions. Employers and financial institutions have to send W-2 and 1098-T forms, among others, by Jan. 31, while 1099 forms generally have a deadline of Feb. 18. The Schedule K-1 forms tend to arrive later than other tax forms.

The Taxpayer Advocate Service says that if taxpayers don’t receive their income forms by mid-February, they should contact their employer, bank, financial institution or other entity to request the needed form. The IRS also has resources to help taxpayers secure missing forms.

“Savvy taxpayers should make a list of the forms they expect to receive to ensure they’re all accounted for before filing their tax returns,” the Illinois CPA Society recommended. The group also published a guide to the various tax forms.

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Taxpayers have until April 15, 2025, to file their individual tax returns or request a six-month extension to file. Those who request an extension still have to pay any anticipated tax payments by the deadline.

January 31, 2025