If successful, new legislation would force tiktok s chinese owner, bytedance, to find a new non chinese owner or face removal from us app stores. Ahead of a house vote on the bill on wednesday, lawmakers received a classified briefing from intelligence officials on the administrations worries about the video app and how it could potentially use data it collects from americans. Democrats said the stakes couldnt be higher. My concerns is they will try to influence the election and elect donald tiktok trump. Among those opposing the ban, president ial hopeful donald trump. Still, republicans backing the bill largely dismissed concerns about trumps backlash weighing the party from getting the legislation done. Trumps comments actually, you can square them with what the bill does, to put differently, to put a finer point on it, the bill doesnt shutdown tiktok and force all of tiktok s users onto facebook. What we are after is a separation from tiktok from its Parent Company, bytedance, and
I strongly disagree with fitchs decision, and i believe it is entirely unwarranted. Its flawed assessment is based on outdated data, and fails to reflect improvements across a range of indicators, including those related to governance that weve seen over the past 2. 5 years. Other democrats used the downgrade as an opportunity to point the finger at republicans for their role in the recent debt limit fight. While republicans blame joe biden and democrats for trillions of dollars in new spending. Many economists dismiss the downgrade, including Jp Morgan Chase ceo jamie diamond, who called it ridiculous and said that the decision ultimately didnt really matter. And he may not be wrong. Us treasuries, that is government ious, remain the bedrock of the Global Financial system, despite this latest knock to the reputation. Expectations are high that it will raise rates again. If so, it could take the cost of borrowing up to a 15 year high. Consumer inflation has come down more than expected
Reacted with anger. I strongly disagree with fitchs reacted with anger. I strongly disagree with fitchs decision | disagree with fitchs decision and i disagree with fitchs decision and i believe it is entirely unwarranted. Its flawed assessment is based on outdated data and assessment is based on outdated data and fails to reflect improvements across a range of indicators, improvements across a range of indicators, including those related indicators, including those related to governance, that we have related to governance, that we have seen related to governance, that we have seen over the past two and a half have seen over the past two and a half years. Gf of the democrats used the opportunity to point finger and republicans for their role in the recent Debt Limit Fight of all republicans blame it democrats and Joe Biden For joins of dollars in new spending for the many economists dismiss the downgrade, includingjp morgan downgrade, including Jp Morgan Chase downgrade, includingJp Mo
What this materials more means for the rest of the world. The consensus is that will be damaging not fatal for the United States. The reason china dominate the market is not because it is the only place where gallium and germanium exists, but because it is by far the cheapest place you can get them from. You dontjust dig them up from the ground, they are derived from a more complicated Reduction Process and china has that capability. So governments and businesses will have to rely on cheaper substitutes and alternative sources. It means prices will go up, it means some products might be less effective and some production right be delayed. 50 some production right be delayed some production right be dela ed. , delayed. So this sort of poses a bit of an delayed. So this sort of poses a bit of an existential delayed. So this sort of poses a bit of an existential thread i a bit of an existential thread for western industry. Finding a place for western industry. Finding a place for for west
the new exchange traded funds this week. so when a tweet was posted from the sec gov account saying essentially that it was noteworthy, it was also wrong. the sec and its chair, gary gensler, quickly posted on x that the sec account was compromised and that the regulator had not yet approved the listing and trading of spot bitcoin exchange traded products. the erroneous tweet also included a graphic with a quote claiming to be from chair gensler. a second tweet that only said dollar sign btc bitcoin s ticker symbol, was also posted, then almost immediately deleted. for bitcoin s value, a bit of a ride. the cryptocurrency climbed to nearly $48,000 on the false news, then fell back down toward 16,000 with reality. tesla has lowered driving range estimates across its line up of electric vehicles. it comes as a new regulation takes effect in the us with the goal of ensuring that auto makers accurately reflect real world performance. according to a reuters investigation last year,