May 13, 2024
Finance

Mnuchin Says Strong Dollar Helps, for Now, in Financing US Debt

(Bloomberg) — Former Treasury Secretary Steven Mnuchin said a strong dollar is an advantage in helping the US to finance large fiscal deficits for now, but called on the winner of November’s presidential election to lead a new initiative to rein in the federal debt burden. Most Read from Bloomberg “I think it is a

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Investors

ByteDance investors could win in TikTok sale says US lawmaker amid pressure to ban app over China espionage concerns

Investors in TikTok’s Chinese parent company stand to benefit if it sold the app because divestment would remove a source of uncertainty, a Republican lawmaker said. “It would be in the financial interest of ByteDance’s investors to effectuate a forced sale,” congressman Mike Gallagher, who spearheaded a House-passed bill aimed at making the company divest

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