Latest news with #EconomicIndicatorsDashboard
Business Insider
26-07-2025
- Business
- Business Insider
Pulte Pressures Powell to Slash Rates ‘As Early as next Week'
Federal Housing Finance Agency Director Bill Pulte toured the Fed's under-construction headquarters yesterday with President Trump. While Trump eased up on his calls for Powell to resign, Pulte has upped the ante. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. 'I remain optimistic Jerome Powell will do the right thing, and as early as next week,' said Pulte in an X post on Friday, likely a reference to the Federal Open Market Committee (FOMC) meeting on July 29-30. Pulte previously called for the Fed to lower rates and a congressional investigation of Powell over the Fed's $2.5 billion renovation of its Washington, D.C. headquarters. Will Powell Step Down? Earlier this month, Pulte noted that he was ' encouraged ' by reports that Powell would step down despite no confirmed reports on the subject. This morning, CNN reported that the Fed Chair had confided in close contacts that he would serve the remainder of his term in order to retain Fed independence from political bias. Powell's term ends in May 2026. 'I've asked him, and he says no, that would reduce the independence of the Federal Reserve,' said South Dakota GOP Senator Mike Rounds. Additionally, the Fed will likely keep rates steady next week. CME's FedWatch tool assigns 97.4% odds of the rate staying between 4.25% and 4.50%. Economic Indicators Dashboard.
Business Insider
19-06-2025
- Business
- Business Insider
President Trump Set to Grant TikTok Another Extension
ByteDance's TikTok is set to receive another extension as President Donald Trump works to keep the app from being banned in the U.S. This would give TikTok another 90 days to find a buyer, or be banned in America due to the security risks it presents while under a Chinese company's control. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter ByteDance isn't enthused about the idea of selling TikTok and has been holding off on a deal. That's despite several U.S.-based tech companies having expressed interest in the short-form video app. This interest is warranted as vertical short-form videos have taken off in popularity. That's prompted the creation of TikTok rivals, such as Meta Platforms' (META) Reels and Alphabet's (GOOGL) YouTube Shorts. This marks the third extension that TikTok has received since a court ruled a ban would go into effect if it wasn't divested to a U.S. company. President Trump has heavily favored the app due to the support he garnered on it during the 2024 presidential election. Who Will Buy TikTok? There's no shortage of suitors looking to purchase TikTok. That makes sense considering the massive size of the video platform, with roughly 1.8 billion monthly active users. Parties interested in TikTok include: Amazon (AMZN) Oracle (ORCL) OnlyFans founder Tim Stokely Project Liberty YouTuber MrBeast AppLovin (APP) Perplexity AI Walmart (WMT) Rumble (RUM) Will TikTok Be Banned? With this being the third extension that TikTok has received, the company really needs to find a buyer if it wants to continue operating in the U.S. Failure to do so could result in a ban of the app, as that would be required by the Supreme Court's ruling. While President Trump may not want that to happen, he can only give TikTok so much leeway before the ban goes into effect. The President could also plan to use the app as a bargaining chip with China in the ongoing trade war. However, this might require additional input from the other branches of the government. Economic Indicators Dashboard.
