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
We should be asking much deeper questions now than simply about whether and when another stock market bubble burst might come. We should be re-examining the role of private and public sectors in allocating financial resources to the global economy. Failure to do this could result in a dramatic rise in tax rates around the
Fellowship selection and success The Open Access fellowship program is available to candidates in all stages of their careers, from recent graduates to seasoned professionals. The program is also highly selective. For example, Lopez completed seven college internships in public policy, economics and commercial real estate. Thomas spent years working in finance, including a role
WASHINGTON (Reuters) – World Bank President Ajay Banga on Monday rejected allegations that the bank’s International Finance Corp arm sought to cover up reports of sexual abuse at a for-profit school chain in Kenya in which it held a stake from 2013 to 2022. Banga, asked during a Center for Global Development public event about
A pedestrian walks past a sign for Aozora Bank Ltd. at the company’s headquarters in Tokyo, Japan, on Friday, May 14, 2010. Tomohiro Ohsumi | Bloomberg | Getty Images Shares of Aozora Bank tumbled to their lowest level in eight months Thursday after the Japanese bank warned of a fiscal-year net loss due to its exposure
HAGÅTÑA (The Guam Daily Post) — A man was sentenced to 2-1/2 years in federal prison for stealing $5.5 million from clients in a scheme that involved exchanging and transferring cryptocurrency. On Thursday in the District Court of Guam, Julien Abat Weymouth, 21, was sentenced for operating an unlawful money transmitting business. Senior Judge Alex Munson
Palestinian Liberation Organization (PLO) Secretary-General Hussein al-Sheikh called for countries that announced they would withdraw funding for the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) to reverse their decision, in a post on X on Saturday. Al-Sheikh called for the reversal citing great political and humanitarian risks
(Reuters) – U.S. investors continued to reduce their holdings in equity funds for the fourth consecutive week up to Jan. 24, exhibiting caution ahead of a major inflation report and a Federal Reserve meeting set for the following week. U.S. equity funds saw net withdrawals of $3.04 billion in the week, the smallest in four
Hong Kong is set to develop a more flexible regime for cryptocurrency exchange-traded funds (ETFs), even though the US leads in both approval speed and market size, experts said. A key difference between Hong Kong’s proposed rules for spot cryptocurrency ETFs and products approved in the US is that Hong Kong will allow both cash
Treasury yields continued to edge higher on early Friday as investors digested the latest jobs data and comments by officials of the Federal Reserve. Weekly jobless claims surprised economists Thursday by coming in at their lowest level since September 2022, in a further indication of the strength of the U.S. jobs market. The yield on