Legislation that could force a TikTok ban revived as part of House foreign aid package

pbs.org Legislation that could ban TikTok in the U.S. if its China-based owner doesn’t sell its stake won a major boost late Wednesday when House Republican leaders included it in a…

TikTok legislation added to the House foreign aid package

siliconvalley.com By Mary Clare Jalonick and Haleluya Hadero | Associated Press WASHINGTON — Legislation that could ban TikTok in the U.S. if its China-based owner doesn’t sell its stake won…

Will This Energy Stealth Rally Continue?

investorplace.com This resurgence in the energy patch may be your signal to invest in it Both the month of April and the second quarter are off to a bumpy start, and all major indices are…

China's Central Bank Scrambles to Stabilize Yuan as Economic Pressures Mount

tftc.io In response to the weakening of the Chinese yuan and heightened global economic tensions, China's central bank has emphasized its stated goal of preventing unilateral moves…

How major US stock indexes fared Wednesday, 4/17/2024

apnews.com Sinking technology stocks sent Wall Street lower again, and the S&P 500 fell to its fourth straight loss. The index dipped 0.6% Wednesday for its longest losing streak since…

Semafor unveils expansion of flagship live journalism platform 'The World Economy Summit: Fall Edition'

semafor.com The News Today, on stage at the Semafor World Economy Summit in Washington D.C, Co-Founder & CEO, Justin B. Smith announced the launch of its inaugural World Economy Summit:…

Sluggish start for spring homebuying season as home sales fall in March with mortgage rates rising

apnews.com The spring homebuying season is off to a sluggish start as home shoppers contend with elevated and rising prices. Sales of previously occupied U.S. homes fell 4.3% in March…

Stock market today: Stocks slide for 5th session as Fed officials cast more doubt on rate cuts

aol.com None Stocks fell Thursday, with the S&P 500 hitting its worst losing streak since October. • None More comments from Fed speakers poured cold water on rate-cut hopes. • None…

Money-Market Fund Assets See Largest Outflows Since 'Lehman'

zerohedge.com Money-Market Fund Assets See Largest Outflows Since 'Lehman' Total money-market fund assets plunged by $112BN in the last week as Tax-Day demands took the total assets below…

Stock market today: S&P 500 slides for 5th straight day

finance.yahoo.com US stocks finished largely in the red on Thursday as April's doldrums lingered in the market. The S&P 500 (^GSPC) fell about 0.2% to notch its fifth straight session of…

Stock Market Today: Dow Wavers; DJT, TSMC, Nvidia, D.R. Horton, Tesla, Netflix, and More Movers; Treasury Yields Rise

barrons.com For the fourth time this week, the S&P 500 opened higher but couldn’t hold on through the close. The S&P 500 fell 0.2%, its fifth-straight session of declines. The Dow Jones…

Stock Market Today: S&P 500 in longest losing streak since October as yields jump By

investing.com Investing.com-- The S&P 500 closed lower Thursday, notching a fifth-straight daily loss and its longest losing streak since October, as investors weighed up rising treasury…

S&P 500 Fizzles Out for Fifth Day in the Red

barrons.com S&P 500 Fizzles Out for Fifth Day in the Red For the fourth time this week, the S&P 500 opened higher but couldn’t hold on through the close. The S&P 500 fell 0.2%, its…

Where To Find Princely 5% Yields For Your Cash And Take No Risk

investors.com If you thought cash was headed for the trash heap this year, the Federal Reserve threw you a curveball with interest rates. Cash is still king as inflation ails markets like…

Is the new push to ban TikTok for real?

vox.com Due to security concerns, the Chinese-owned video app TikTok has already been banned from US government devices. | Matt Cardy/Getty Images The House is trying to pass a…

Average long-term US mortgage rate climbs above 7% to highest level since late November

abcnews.go.com Prospective homebuyers are facing higher costs to finance a home with the average long-term U.S. mortgage rate moving above 7% this week to its highest level in nearly five…

Stock market today: Wall Street ticks higher following more reports showing a resilient US economy

abcnews.go.com U.S. stocks are are drifting, potentially putting the S&P 500 on track for a fifth straight loss U.S. stock indexes are drifting Thursday, potentially putting the S & P 500…

Out of control spending risks economic crisis, Goldman's Waldron says

semafor.com The News The “confluence” of a political crisis and out-of-control government spending by the U.S. could expose risks hidden in the financial system, Goldman Sachs President…

Huge Bond Wagers Make Some Hedge Funds Too-Big-To-Fail, IMF Warns

zerohedge.com Huge Bond Wagers Make Some Hedge Funds Too-Big-To-Fail, IMF Warns Who could have seen this coming? btw this is where the next really big crash will start…

Treasury Yields Head To 'Danger Zone': Analyst Forecasts Potential Spike To 5%, Disorderly Sell-Off For Markets

finance.yahoo.com Yields on the 10-year Treasury note have ascended to a striking 4.70% this month, the highest mark since early November 2023 amid a toxic mix of higher inflation, a…

Trussonomic lessons: what can be learned from former PM’s book?

theguardian.com Raw free-market economics is missing in action. Somewhere between its 1980s ascendancy and today, the media, politicians, civil service and even the corporate mainstream…

S&P 500 gives up its earlier gains

cnbc.com Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street.…

Average long-term U.S. mortgage rate climbs above 7% to highest level since late November

theglobeandmail.com Prospective homebuyers are facing higher costs to finance a home with the average long-term U.S. mortgage rate moving above 7 per cent this week to its highest level in…

Regulated Dollar Stablecoins Created by a Proposed New Senate Bill Would be Crypto’s Ultimate Trojan Horse

unchainedcrypto.com A new stablecoin bill proposed in the U.S. Senate embodies the duality of regulation: though its immediate purpose is to put up guardrails around one segment of the…

Oil Prices Pause After Selloff

barrons.com The S&P 500 and Nasdaq Composite are lower. The 2-year Treasury yield hit 5.003% before pulling back.

US Dollar Fails to Surpass Nigerian Naira Despite Outpacing Yuan & Yen

watcher.guru The US dollar is now breaching new milestones as the leading currency by making its presence felt on a macro level. The USD has risen against the Chinese Yuan, Japanese Yen,…

Wyden says he’s ‘not in favor’ of Mnuchin purchasing TikTok as bill gains momentum

thehill.com Sen. Ron Wyden (D-Ore.) said Thursday that he is “not in favor” of former Treasury Secretary Steven Mnuchin participating in efforts to purchase TikTok as a bill that would…

Stock rebound falters as Netflix set to kick off Big Tech earnings

finance.yahoo.com US stocks were mixed on Thursday as investors braced for Netflix (NFLX) to kick earnings season into high gear. The S&P 500 (^GSPC) fell about 0.1%, while the Dow Jones…

Treasuries Stumble on Mere Mention of Fed Rate Hike by Williams

finance.yahoo.com The US bond market’s recovery was cut short by a Federal Reserve official’s mere mention of the possibility of an interest-rate increase. • None Red Lobster Considers…

Stocks Fall After 2-Year Treasury Yield Reaches 5%

barrons.com Stocks turned lower on Thursday as the 2-year Treasury yield hit 5%. The Dow Jones Industrial Average was flat. The S&P 500 was down 0.1%. The Nasdaq Composite was down…

Whitehall blueprint for Thames Water nationalisation could see state take on bulk of £15bn debt

theguardian.com Thames Water could be renationalised with the bulk of its £15.6bn debt added to the public purse under radical plans being considered by the government, the Guardian can…

Workers Who Had Their Middle-Class Status Offshored By 40-Years Of Neoliberalism Are Finally Vindicated

zerohedge.com Workers Who Had Their Middle-Class Status Offshored By 40-Years Of Neoliberalism Are Finally Vindicated By Benjamin Picton of Rabobank An Eye For An Eye Treasury yields fell…

RELX PLC Executes Share Buyback Strategy

tipranks.com RELX plc (GB:REL) has released an update. RELX PLC has repurchased 165,000 of its own shares, which will be held as treasury shares, through JP Mor...

Empire Newsletter: Decision time in Mango Markets trial

blockworks.co Decision time in Mango trial Closing arguments in Avraham “Avi” Eisenberg’s criminal fraud trial wrapped yesterday. The jury was given the case around 3:30 pm ET and called…

Mortgage rates surge past 7%, reaching highest level since November

aol.com Mortgage rates soared this week, breaching the key 7% threshold and extending America’s home affordability crisis. The 30-year fixed-rate mortgage averaged 7.10% in the week…

Biden imposes new sanctions on Iran after drone and missile attack on Israel

nbcnews.com The Biden administration on Thursday announced new sanctions on Iran targeting its missile and drone program after its attack on Israel last weekend. President Joe Biden…

China’s Weak Consumer Spending is Holding World Back: IMF Chief

asiafinancial.com China has been told that its weak consumer spending is holding back world growth. International Monetary Fund Managing Director Kristalina Georgieva bemoaned the slow pace…

U.S. to Reimpose Oil and Gas Sanctions on Venezuela

tftc.io The Biden administration announced on April 17 that it would not renew a general license that temporarily lifted sanctions on Venezuela's oil and gas sector. Officials cited…

US Senators Introduce Stablecoin Regulatory Framework, While Warren Wants Restrictions

cryptopotato.com On April 17, the two pro-crypto Senators introduced the Lummis-Gillibrand Payment Stablecoin Act. The bill “solves key policy challenges that have lingered around previous…

The Halving Is Nigh: 3 Under-the-Radar Bitcoin Miners to Buy Now

investorplace.com As the 2024 Bitcoin halving nears, leading miners upgrade facilities for heightened efficiency and a hash rate boost Leading Bitcoin (NASDAQ: ) miners are working hard to…

Biden's 'Punishing' Iran Sanctions For Israel Attack End Up Being Meek Political Smokescreen

zerohedge.com Biden's 'Punishing' Iran Sanctions For Israel Attack End Up Being Meek Political Smokescreen President Biden has unveiled the administration's promised new sanctions on Iran…

Stocks Will Face Resistance While Liquidity Backdrop Is Weak

zerohedge.com Stocks Will Face Resistance While Liquidity Backdrop Is Weak Authored by Simon White, Bloomberg macro strategist, The impulse from central-bank reserves in the US, or the…

S&P 500, Nasdaq Futures Point To Higher Open Today: What's Going On? - Invesco QQQ Trust, Series 1 (NASDA

benzinga.com U.S. stocks are priming for a firmer start on Wednesday, potentially striving to inflect higher from the weakness seen so far in April. As some bullish market watchers…

U.S. unveils new sanctions targeting Iran's drone program following Israel attack

cnbc.com Unidentified men are carrying a model of Iran's first-ever hypersonic missile, Fattah, past a mosque during a gathering to celebrate the IRGC UAV and missile attack against…

Plaza Accord Lite? Japan, Korea Get Green Light From Yellen For FX Intervention

zerohedge.com Plaza Accord Lite? Japan, Korea Get Green Light From Yellen For FX Intervention One week ago, when Japan's PM Kishida visited the White House and unwittingly sparked the…

Stock market today: US indexes gain as traders try to break 4-day losing streak

aol.com None US stocks were mixed Thursday as trader struggled to recover from a streak of losses. • None Jobless claims held steady at 212,000, matching the revised level from the…

Stocks Bounce Back From Recent Declines

barrons.com The stock market was bouncing back in Thursday trading, though bond yields were rising, too. The Dow Jones Industrial Average was up 308 points, or 0.8%. The S&P 500 was up…

U.S. and UK issue new sanctions on Iran in response to weekend attack on Israel amid escalating tensions

pbs.org The U.S. and U.K. on Thursday imposed a new round of sanctions on Iran as concern grows that Tehran’s unprecedented attack on Israel could fuel a wider war in the Middle…

"The Federal Reserve Is Clearly Trapped"

zerohedge.com "The Federal Reserve Is Clearly Trapped" Submitted by QTR's Fringe Finance Friend of Fringe Finance Lawrence Lepard released his most recent investor letter this week. He…

S&P 500 Is on Pace to Snap Losing Streak

barrons.com The big three indexes were rising on Thursday, with the S&P 500 on pace to snap its recent skid. The Dow Jones Industrial Average was up 244 points, or 0.7%. The S&P 500 was…

6 Reasons Bitcoin Price And Altcoins Could Crash After Halving: Experts

coingape.com Bitcoin price tumbled from an all-time high as it failed to maintain momentum and broke below support levels around $68,300 and $63,400. Experts predicted a fall below…

U.S. 10-Year Treasury Yield Likely to Continue Rising, Chart Shows

barrons.com The U.S. 10-year Treasury yield is likely to continue rising, with key resistance at October's peak of 5.021%, said Quek Ser Leang, markets strategist at UOB's Global…

U.S. sanctions target Iran’s drone production over attack on Israel

washingtonpost.com The Treasury Department on Thursday officially announced new sanctions on Iran in retaliation for its attack against Israel, as the Biden administration seeks an economic…

Stock market today: Stocks look to rebound with Netflix earnings on deck

finance.yahoo.com US stocks stepped higher at the open Thursday as investors braced for Netflix (NFLX) to kick earnings season into high gear. The S&P 500 (^GSPC) gained 0.2% while the Dow…