US Lawmakers Step Up Push to Ban TikTok With Bill This Week
source link: https://finance.yahoo.com/news/us-lawmakers-step-push-ban-020807773.html
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.
US Lawmakers Step Up Push to Ban TikTok With Bill This Week
US Lawmakers Step Up Push to Ban TikTok With Bill This Week
(Bloomberg) -- US Senate Intelligence Committee Chairman Mark Warner plans to introduce a bill this week to allow the US to systematically ban Chinese technology, including services like TikTok, he told Fox News on Sunday.
Most Read from Bloomberg
Calling it “a broad bipartisan bill” that will be co-sponsored by Republican John Thune of South Dakota, Warner said the law will give the US the power to ban or prohibit foreign technology where necessary. When asked if that would implicate ByteDance Ltd.’s TikTok, he confirmed and elaborated on his reasoning.
“You have 100 million Americans on TikTok for 90 minutes every day,” the Democrat from Virginia said. “They are taking data from Americans, not keeping it safe. But what worries me more with TikTok is that this can be a propaganda tool.”
TikTok’s commercial success in the US has come at the expense of local social media giants like Meta Platforms Inc. and Alphabet Inc.’s YouTube, with both developing short-video services in response to the ByteDance app’s popularity. ByteDance has sought to distance the service from its China roots, including by hosting user data in Singapore, though threats of a ban in the US have lingered for years. Former President Donald Trump was nearly able to force the sale of TikTok’s US operations to Microsoft Corp. and Oracle Corp. before his term expired.
TikTok Hawks in Congress Weigh Options to Restrict App From US
Warner cautioned that China presents a threat to the US beyond that of the Soviet Union, and that early assumptions that integrating China into the global economy would make the country more liberal were off base.
“I think for a long time, conventional wisdom was, the more you bring China into the world order, the more they’re going to change. And that assumption was just plain wrong,” he said.
- TipRanks
‘2023 Rally Was a Bull Trap,’ Says Morgan Stanley. But These Stocks Still Have Upside
March has entered the frame and comes in the wake of two contrasting months. The year started off with stocks in a hurry to put 2022’s miserable action to bed, pushing higher right out of the gates. Yet, February proved a wake-up call for those anticipating a full-on bull market, as many stocks pared back a big chunk of those gains. So, what’s next? Morgan Stanley’s Chief Investment Officer Mike Wilson says 2023’s early rally was a ‘bull trap.’ Wilson predicts more pain ahead for investors, call
4h ago - Bloomberg
Stock Market’s Fate Comes Down to the Next 13 Trading Sessions
(Bloomberg) -- Four major events over the next 13 trading sessions will be the key catalysts in determining whether this year’s stock-market revival gets derailed or starts rolling again after a February slump.Most Read from BloombergStock Market’s Fate Comes Down to the Next 13 Trading SessionsMortgage Lenders Are Selling Homebuyers a LieChina’s Cautious Growth Target Gives World Economy Little HelpWorld’s Riskiest Markets Stumble Into Crisis With Dollars ScarceForget Peak Oil Demand: A Thirst
12h ago - Barrons.com
Tesla Did Drop an Event Bombshell. It’s Trying to Disrupt With More Than EVs.
The reaction to Tesla's March 1 investor event was muted, but CEO Elon Musk said something important that could change the car business forever.
9h ago - SmartAsset
I'm Retiring. Can I Live Off the Interest I Made Investing $2 Million?
For older Americans, living off the interest and returns of your retirement account is how retirement is structured. The goal is that by the time you hit your late 60s you will ideally have enough saved up to coast indefinitely. … Continue reading → The post How Much Interest Does $2 Million Pay Monthly? appeared first on SmartAsset Blog.
14h ago - TheStreet.com
3 Stocks Yielding Over 5% With Monthly Dividend Payouts
Investors can streamline their passive income cash flow to match their monthly expenses by purchasing dividend stocks that pay distributions to shareholders every month.
2d ago - MoneyWise
'The only people that are going to save us, is us’: Suze Orman is one of many experts warning Social Security is in trouble — here’s what you can do to take control of your retirement
A critical Social Security fund is projected to run out by 2035 — but that could happen even sooner.
13h ago - MoneyWise
‘Financial illiteracy is an epidemic’: Americans lost an average of over $1,800 to financial errors in 2022 — here are 3 big money mistakes you could be making right now
You can take these tips to the bank — literally.
17h ago - MoneyWise
New phase, new you: Here are 3 crucial things you must let go of in retirement. Most folks can't do it — but can you?
Change doesn't have to be bad.
2d ago - Investor's Business Daily
Cheap Stocks To Buy: Should You Watch These 5 Growth Stocks?
Regardless of what stage of the market cycle we're in, some folks never tire of searching for cheap stocks to buy. If it has thin trading volume, the fund manager will have an awfully tough time accumulating shares — without making a big impact on the stock price. IBD research also finds that dozens, if not hundreds, of great stocks each year do not start out as penny shares.
1d ago - Investopedia
Top Reasons Not To Roll Over Your 401(k) To an IRA
Five cases in which keeping your plan in place—or employing another non-IRA strategy—is the better move.
11h ago - Bloomberg
Oil Investors Get $128 Billion Handout as Doubts Grow About Fossil Fuels
(Bloomberg) -- Worldwide oil demand is racing toward an all-time high and some of the smartest minds in the industry are forecasting $100-a-barrel crude in a matter of months, but US producers are playing the short game and looking to turn over as much cash as possible to investors.Most Read from BloombergStock Market’s Fate Comes Down to the Next 13 Trading SessionsMortgage Lenders Are Selling Homebuyers a LieChina’s Cautious Growth Target Gives World Economy Little HelpWorld’s Riskiest Markets
2d ago - TheStreet.com
McDonald's Quietly Adds One of Wendy's Most Popular Menu Items
McDonald's the world's largest fast-food chain when it comes to sales, and holding that title is a big job. McDonald's arguably has the best fountain Coke you can find anywhere. McDonalds, also has what some would argue are the best french fries you can get from any fast-food chain.
10h ago - MoneyWise
'I don't see myself retiring at all': 'Soft saving' is Gen Z's firm but gentle response to FIRE and hustle culture — here's how to make it work for you
Goodbye girl boss era, hello girl moss era.
15h ago - Investopedia
Powerful Vanguard Mutual Funds for Your Roth IRA
Some Vanguard funds are better than others for a Roth IRA. Investors use these funds to diversify with equities, bonds, and real estate investment trusts.
1d ago - TheStreet.com
Tesla Rival Rivian Has Good News for EV Buyers
The EV upstart is optimistic about its ability to produce more vehicles this year than previously anticipated, according to Bloomberg News.
13h ago - MarketWatch
Stock market faces crucial test this week: 3 questions that could decide rally’s fate
Investors await a marquee report on the state of the U.S. labor market, along with testimony by Fed Chair Jerome Powell amid rising Treasury yields.
11h ago - TheStreet.com
McDonald's New Take on the Big Mac Hits North America
While rival Burger King uses its famed Whopper as a platform to launch all sorts of new products, McDonald's has been very protective of the Big Mac.
1d ago - Fortune
Goldman Sachs is among the suitors hoping to buy Subway for an estimated $10 billion: Report
Goldman Sachs' asset management arm is one of at least a handful of potential Subway buyers, Sky News reported Saturday.
1d ago - SmartAsset
Can I Use My 401(k) to Pay Off My Mortgage?
The government offers several incentives for retirement accounts like 401(k)s. For instance, they're a tax-deferred investment, meaning you won't pay taxes on them until you withdraw. 401(k) deposits also don't count as taxable income during the year that you make them, … Continue reading → The post Using Your 401(k) to Pay Off Your Mortgage appeared first on SmartAsset Blog.
14h ago - Fortune
Tesla is recalling thousands of Model Ys—and this time software can’t fix the problem
Elon Musk has repeatedly taken issue with the word "recall" being used when an over-the-air software update could fix the issue.
1d ago - SmartAsset
I Have $100,000. How Can I Turn It Into $1 Million Through Investing?
Are you wondering how to invest $100,000 and turn it into $1 million? With some patience and smart investing moves, it's not out of reach. Learn more here.
14h ago - The Telegraph
If Joe Biden can open massive new oil fields, then so can Britain
It would be the biggest new oil field in decades. It could supply as much as 2pc of all the oil needed by the United States. And it would be large enough by itself to make a significant difference to the global price, dealing yet another blow to Vladimir Putin’s collapsing war machine in Ukraine.
17h ago - MoneyWise
A heartbreaking truth for single Americans: US renters pay a ‘singles tax’ of up to $19,500 — here’s how to boost your financial security if you live alone
Let’s face it, you’re too old for roommate drama — but living alone comes with its own set of financial challenges.
16h ago - TheStreet.com
Disney, AB InBev Stocks Make Morningstar List of 'the Best to Own'
Morningstar's 10 "best stocks to buy now" are the most undervalued among its 128 "best companies to own."
1d ago - Investor's Business Daily
AI Stock Headlines 5 Leaders Flashing Buy Signals As Market Rally Gains Steam
Arista Networks, which keeps popping up on lists of top AI stocks, leads this weekend's watch list of 5 stocks near buy points.
2d ago - Bloomberg
China’s Growth Plans Give Commodities Bulls Little to Run With
(Bloomberg) -- China’s annual National People’s Congress, the first since Beijing brought an abrupt end to three years of crippling Covid Zero restrictions, has begun with a modest target for economic growth and few hints of past stimulus extravagance.Most Read from BloombergStock Market’s Fate Comes Down to the Next 13 Trading SessionsMortgage Lenders Are Selling Homebuyers a LieChina’s Cautious Growth Target Gives World Economy Little HelpWorld’s Riskiest Markets Stumble Into Crisis With Dolla
6h ago - Yahoo Finance
Ford's 'balanced' electric bet faces crucial 2023 as restructuring takes hold
The big picture is mixed for Ford investors: Ford's historic EV transformation is likely necessary, but it's taking longer than expected.
12h ago - Fortune
The U.S. housing market just took another hit
This week's seasonally adjusted Mortgage Purchase Application Index came in at the lowest level since 1995.
1d ago - MarketWatch
7 economists and real estate pros on what to expect in the housing market this spring
2022 saw higher home prices and higher mortgage rates that sidelined many buyers. If the inflation rate doesn’t slow significantly, the Fed will maintain its aggressive stance and that could push mortgage rates higher and home prices lower.
15h ago - TheStreet.com
Costco's 'Outrageous' Price Move Actually Makes Perfect Sense
Members have gotten angry at a recent change the warehouse club has made, but they're getting things wrong.
13h ago - Reuters
Former top Credit Suisse shareholder sells full stake in bank - FT
Harris, which had remained loyal despite a string of scandals at Credit Suisse, disclosed a stake of about 10% in the bank last August but reduced it to 5% in January. Harris had started to cut its exposure in October after Credit Suisse raised 4 billion Swiss francs ($4.3 billion) from investors and when Saudi National Bank supplanted it as the top investor, David Herro, deputy chairman of Harris Associates, told the Financial Times.
5h ago - Barrons.com
Tech Is Still Addicted to Stock Options. These 4 Companies Could Be Most at Risk.
The average stock-based compensation for the software industry rose from 4.2% of revenue in 2012 to 22.5% in 2021.
52m ago - TipRanks
TipRanks ‘Perfect 10’ List: These 2 Healthcare Stocks Look Compelling at Current Levels
With two full months of 2023 behind us, it’s hard to say just how this year is going to shape up. January saw a strong rally, while February was volatile and market analysts and economists are still debating where the long-term trends will head. But what can the retail investor do, while the professionals are debating? A turn to the data may yield some answers – and give clues toward compelling stocks. The Smart Score data tool from TipRanks is specially designed to cut through the fog of uncert
17h ago - AP Finance
China Premier Li Keqiang bows out as Xi loyalists take reins
After a decade in Chinese President Xi Jinping’s shadow, Li Keqiang is taking his final bow as the country's premier, marking a shift away from the skilled technocrats who have helped steer the world’s second-biggest economy in favor of officials known mainly for their unquestioned loyalty to China’s most powerful leader in recent history. After exiting the ruling Communist Party’s all-powerful Politburo Standing Committee in October — despite being below retirement age — Li’s last major task was delivering the state of the nation address to the rubber-stamp parliament on Monday. Once seen as a potential top leader, Li was increasingly sidelined as Xi accumulated ever-greater powers and elevated the military and security services in aid of the "great rejuvenation of the Chinese nation."
3h ago - Yahoo Finance
Here's what could happen next to crypto-friendly bank Silvergate Capital
Once a crucial banking partner for the crypto firms, Silvergate Capital (SI) is now on the cusp of failure.
11h ago - Yahoo Finance
3 big things in investing you might have missed this week
What, you didn't see what billionaire Marc Benioff said about his battle with activists?
2d ago - TheStreet.com
Comcast Markets an Internet Service Designed to Mislead Customers
The Xfinity company now sells an internet network with a name that greatly overstates what you're getting.
10h ago - The Wall Street Journal
Why Some Investors Are Still Waiting for Discounts on Corporate Bonds
The 5.7% yield on investment-grade corporate bonds—among the highest since 2009 in Intercontinental Exchange index data—looks less appealing next to yields above 5% on some Treasury debt, several investors said. With much of Wall Street expecting a recession, some investors say that the extra compensation for buying corporate bonds, known as the spread, isn’t enough. “We don’t think the current yields in those spaces sufficiently compensate investors for the economic risks we foresee,” said Chip Hughey, managing director for fixed income at Truist Advisory Services.
17h ago - The Wall Street Journal
This Department-Store Stock Has Trounced Apple, Amazon and Tesla
Family-controlled Dillard’s has combined share buybacks with keeping costs down, inventory tight and staff engaged with “nearly fanatical” customers.
1d ago - MarketWatch
How to invest in the stock market and never lose money
Fixed index annuities are not the only way you can invest in the stock market and be assured of not losing money over the short term. As you may recall, in that column I mentioned a specific FIA that, in addition to guaranteeing that you will not lose money over a 12-month period, pays you 55% of the stock market’s gain when it rises. In return, you forfeit all dividends as well as 45% of the stock market’s gain.
2d ago
Recommend
About Joyk
Aggregate valuable and interesting links.
Joyk means Joy of geeK