Financial giants tiptoe into TikTok

NEW YORK – As TikTok accounts focused on money gain huge followings, stodgy financial firms are wedging themselves into youth-oriented social media platforms for a piece of the action. Independent “FinTok” influencers like Mark Tilbury (@marktilbury, 7 million followers), Humphrey Yang (@humphreytalks, 3.3 million), Tori Dunlap (@herfirst100k, 2.1 million) and Erika Kullberg (@erikakullberg, 8.4 million) have audiences that billion-dollar asset managers can only dream of. For staid financial companies that means learning a new language…

"Financial giants tiptoe into TikTok"

U.S. lawmakers to open formal chips, China bill negotiations

WASHINGTON – Congressional negotiators will meet Thursday to open formal talks to hammer out a compromise measure that would fund $52 billion in semiconductor manufacturing subsidies and boost U.S. competitiveness with Chinese technology, a source told . The Senate passed its version of the bill in June 2021, while the House passed a similar bill in February. More than 100 House and Senate lawmakers have been named to a “conference committee” that will meet for…

"U.S. lawmakers to open formal chips, China bill negotiations"

Wild price swings roil markets

NEW YORK – Volatility has been the watchword for markets in the last several months, as worries over a hawkish Fed, sky-high commodity prices and geopolitical tensions stemming from the war in Ukraine roil asset prices. The S&P 500 was recently down 0.2% on Friday and yields on the benchmark 10-year Treasury were at a near 4-year high of 3.08%, capping off a week that saw massive swings in stocks and bonds in the days…

"Wild price swings roil markets"

Major U.S. banks raise prime rate after Fed move

-Major U.S. banks including JPMorgan Chase & Co, Wells Fargo Bank and Citibank have raised their prime rate to 4%, effective Thursday. The base lending rate was hiked by 50 basis points, the banks said in different statements on Wednesday. The decision comes after the U.S. Federal Reserve raised its overnight interest rate by half a percentage point, the biggest jump in 22 years.

"Major U.S. banks raise prime rate after Fed move"

Rocky ride ahead for Norway’s $1.2 trillion wealth fund

OSLO – Norway’s $1.2 trillion sovereign wealth fund is prepared for a rocky ride as it confronts the biggest geopolitical changes in three decades, its chief executive said on Tuesday. “We probably face the greatest changes for 30 years,” Nicolai Tangen told a Norwegian parliamentary hearing, adding the world’s largest sovereign wealth fund expects “growing frictions between superpowers and a reversal of globalisation”. Tangen said that the Norwegian fund, which invests all of its assets…

"Rocky ride ahead for Norway’s $1.2 trillion wealth fund"

The Machiavellian way: How ‘The Prince’ can help women at work

NEW YORK – When it comes to the status of women in the workplace, there are decades of talk and not enough action. The gender pay gap is still enormous, and CEOs are still overwhelmingly male, as are corporate boards. Stacey Vanek Smith says we should look to an unlikely source to help solve this stubborn problem: Niccolo Machiavelli. Most people remember the Renaissance-era Italian statesman from his iconic book on high-school reading lists, “The…

"The Machiavellian way: How ‘The Prince’ can help women at work"

U.S. Capitol riot panel requests information from Republican lawmakers

WASHINGTON – The U.S. House of Representatives committee investigating the Jan. 6, 2021, Capitol attack by Donald Trump’s supporters requested interviews with three Republican lawmakers, saying they have information about the planning of events in Washington that day. In a press release on Monday, the Jan. 6 Select Committee said it was seeking voluntary cooperation from three House Republicans: Representatives Andy Biggs, Mo Brooks and Ronny Jackson.

"U.S. Capitol riot panel requests information from Republican lawmakers"

Warren Buffett’s Berkshire all-day meeting to kick off in Omaha

OMAHA, Neb. – Warren Buffett’s Berkshire Hathaway Inc holds its hotly-anticipated annual shareholder meeting in person on Saturday for the first time since before the pandemic, where shareholders will have the chance to quiz the so-called ‘Oracle of Omaha’ on everything from corporate governance, potential new investments and Buffett’s views on the economy. Buffett, 91, chairman and chief executive officer of Berkshire, and Vice Chairman Charlie Munger, 98, will answer shareholder questions for roughly five…

"Warren Buffett’s Berkshire all-day meeting to kick off in Omaha"

Analysis-U.S. bond investors worry deep slide will end 40-year bull market

NEW YORK – The 40-year bull market in U.S. bonds is dead. Long live the bond bull market. The U.S. Treasuries market began 2022 with one of its biggest slides in history. Some bond investors are again worried that the end is at hand for the decades-long run in U.S. debt, which took yields on the benchmark 10-year note from a high of 15.3% in 1981 to 0.54% in March 2020. But U.S. Treasury bears…

"Analysis-U.S. bond investors worry deep slide will end 40-year bull market"

Warren Buffett’s ‘Woodstock for Capitalists’ a smaller affair after pandemic

OMAHA, Neb. – Warren Buffett’s Berkshire Hathaway Inc will hold its annual shareholder meeting in person on Saturday for the first time since before the pandemic, but the extravaganza dubbed “Woodstock for Capitalists” is likely to see fewer people and pared-back events. Buffett, 91, chairman and chief executive officer of Berkshire, and Vice Chairman Charlie Munger, 98, will answer shareholder questions for roughly five hours when the meeting convenes in Omaha, Nebraska. Shareholders likely will…

"Warren Buffett’s ‘Woodstock for Capitalists’ a smaller affair after pandemic"