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Business

“House passes bill that could lead to a TikTok ban; fight shifts to the Senate”

“The House approved a bill Wednesday that calls for China tech giant ByteDance to divest TikTok or the popular social video app will effectively be banned in the U.S. The measure passed with a resounding 352-65 vote and with one… Continue Reading…

Banking

“The American banking landscape is on the cusp of a seismic shift. Expect more pain to come”

“…Rising interest rates will deepen losses on securities held by banks and motivate savers to pull cash from accounts, squeezing the main way these companies make money. Losses on commercial real estate and other loans have just begun to register for banks, further shrinking… Continue Reading…

Banking

“In policy shift, the Fed projects three interest rate hikes in 2022”

“With inflation now running at its fastest pace in nearly 40 years and showing no signs of slowing down, the Federal Reserve on Wednesday abandoned its wait-and-see strategy and indicated that it could begin stepping on the economic brakes soon.… Continue Reading…

Economy, Stocks

“Shift into value stocks could fuel a solid rally, says J.P. Morgan”

“Bone up on the term “market rotation” if you want to hold your own at the water cooler these days… Diving right into the debate is our call of the day from a team led by J.P. Morgan’s global head of quantitative… Continue Reading…