Author: Press Room
Stay informed with free updatesSimply sign up to the Technology sector myFT Digest — delivered directly to your inbox.A ban on TikTok has taken effect for some of its 170mn US users, ahead of a midnight deadline requiring its Chinese parent company ByteDance either to sell its stake in the app or face a ban. In a pop up that appeared in US cities including San Francisco and New York as users opened the short-form video app, the company wrote: “A law banning TikTok has been enacted in the US. Unfortunately, that means you can’t use TikTok for now.”It added:…
Despite his vow to close the U.S. borders to nearly all immigrants and deport millions of others, President-elect Donald Trump says he’ll continue special H-1B work visas for tech workers. That decision came in response to some of his Silicon Valley supporters, who insist foreign labor is critical because there are not enough U.S.-born engineers and others to do this important work. By that logic, Trump also ought to protect the direct care workers who assist people with disabilities and frail older adults from his mass deportation plans and even create a new special immigration status for them. Why? Because,…
TikTok on Friday warned of an imminent blackout for its 170mn US users after the Supreme Court upheld a divest-or-ban law targeting the video app.The law compels TikTok’s Chinese parent ByteDance to sell the platform by January 19 — the day before Donald Trump returns as US president — or face a nationwide ban.“There is no doubt that, for more than 170mn Americans, TikTok offers a distinctive and expansive outlet for expression, means of engagement, and source of community,” the Supreme Court wrote in a unanimous opinion published on Friday. “But Congress has determined that divestiture is necessary to address…
Congress and the IRS made inheriting an IRA a very complicated, confusing event. Inherited IRAs are accompanied by a host of little-known rules that are traps for the unwary. In this post, I discuss the classic misunderstandings and mistakes about inherited IRAs. I’m not going to discuss the more recent difficulties brought by the enactment of the Setting Every Community Up for Retirement Enhancement (SECURE) Act in 2019 and the issuance of regulations under that law. Those rules are important but are discussed in detail elsewhere. There’s a host of under-the-radar rules beneficiaries need to know to minimize taxes and…
This article was written byFollowFormer media research analyst. Main coverage areas are crypto, BTC miners, metal, and media equities. Outside of Seeking Alpha, I also write the Heretic Speculator newsletter over at Substack.Analyst’s Disclosure: I/we have a beneficial long position in the shares of BTC-USD either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. I’m not an investment advisor.Seeking Alpha’s Disclosure: Past performance…
Stay informed with free updatesSimply sign up to the Mining myFT Digest — delivered directly to your inbox.Rio Tinto and Glencore held talks last year about combining part or all of their businesses, in an indication of how the push by mining companies to secure metals needed for the energy transition has focused executives on large-scale deals.The London-listed companies engaged in early-stage talks as recently as October, according to people familiar with the matter, but the discussions did not progress to a deal.A full-blown merger between Rio and Glencore — which have market capitalisations of $103bn and $55bn, respectively —…
The devastating wildfires that are ravaging Los Angeles are a stark reminder of how vulnerable older adults can be during disasters. Tragically, some elders who were mobility challenged or who had no transportation to allow them to escape, lost their lives in those fires. This highlights the critical need for proactive disaster preparedness. If your aging loved ones anywhere have mobility issues, cognitive impairments, vision or hearing loss, this subject of preparedness needs your close attention. Here are some thoughts from lessons we learn in these disasters: Understand Aging Parents’ Unique Needs Start by assessing your parents’ specific situation: Health…
Mortgage rates continued their upward climb this week, leaping above 7% and adding further pressure on the stagnant housing market. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage jumped to 7.04%, up from last week’s reading of 6.93%. The average rate on a 30-year loan was 6.60% a year ago. “Mortgage rates ticked up for the fifth consecutive week and crossed seven percent for the first time since May of 2024,” said Sam Khater, Freddie Mac’s chief economist. “The underlying strength of the economy is contributing to this…
Capital One said it is experiencing a technical outage that’s keeping customers from getting payments. The issue is tied to a third-party vendor and is “temporarily impacting some account services, deposits, and payment processing for portions of our consumer, small business, and commercial bank,” the bank posted on X. The company posted a follow-up message saying it is actively working with the vendor to resolve the issue and restore services. CAPITAL ONE SUED BY CFPB FOR ALLEGEDLY CHEATING CUSTOMERS OUT OF $2 BILLION “We know it’s important to have your money when you need it, so we apologize for any inconvenience…
This article was written byFollowHarris Associates L.P. was founded in 1976 by dedicated investment professionals who believed that delivering successful investment results for clients requires a consistent investment philosophy, a commitment to superior investment research and a high level of customer service. Our roster of clients has grown over the years, but these basic beliefs remain unchanged. We are value investors who believe that, over time, the price of a stock will rise to reflect the value of the underlying company. In constructing portfolios for our clients, we seek out companies that we believe are trading in the market at…
