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Nippon, US Steel Lawsuit Against Biden Admin Over US Steel Buyout Slated for Feb, March: Kyodo

Nippon Steel and U.S. Steel are suing the Biden administration over a blocked steel plant buyout. A hearing is set for February and March.

LME approves first Hong Kong warehouses, boosting China link

London Metal Exchange approves Hong Kong as warehousing location, bringing it closer to China, the world's largest metals market.

What Common Market Assumptions Are Wrong?

A common statistical correlation analysis fails to predict market performance. Despite high correlation between strategists' forecasts and market returns, strategists' optimism fails to indicate market returns. High market concentration and a strengthening dollar have no significant impact on returns. The timing of the first Fed rate cut and the initial rate cut have limited predictive power. Valuation is not an effective short-term performance indicator. Predictors of market returns are complex and require consideration of multiple metrics. Long-term market outlook is favorable due to earnings growth, despite fluctuations in sentiment indicators.

China Vanke Gets Shenzhen Support Amid Liquidity Turmoil

Chinese officials are moving to stabilize operations at China Vanke Co. after liquidity stress and questions about its top executive triggered market turmoil.

Stock Market Closed for Martin Luther King Day 2025

The US stock market (NYSE and Nasdaq) will be closed on Monday, January 20th, 2025, in observance of Martin Luther King, Jr. Day.

Trump Poised to Invoke Emergency Powers in Domestic Energy Push

President-elect Trump to invoke emergency powers to boost domestic energy production, reversing Biden's climate actions.

Trump's Trade Agenda in His Second Term: A Path to Economic Pain or a Bluster With Little Bite?

How high will Trump's trade tariffs go in his second term? Analysts weigh in on the potential economic impact of the president's trade agenda.

TikTok Goes Dark for US Users Ahead of Ban

TikTok went dark for US users on Saturday night as a ban on the app was set to take effect. The law prohibits users from accessing TikTok through app stores and cloud services unless its parent company, ByteDance, sells itself to an owner that is not controlled by a country the US considers adversarial. The ban has been met with outcry from users and TikTok's backers, and President Trump has said he would likely grant TikTok a 90-day extension to work out a deal with the government and keep the app up and running. Stay tuned for updates on this developing story.

Rent Growth Outpaces Rest of US in Midwest Region, Fueled by Strong Economy and Housing Shortage

Rent growth in the Midwest bucks national trend, threatening affordability in region with influx of residents and strong economy. Cincinnati, St. Louis, and Kansas City see some of the fastest-growing rents in the country, putting pressure on budgets and leading to tenant displacement. Despite affordability concerns, Midwest still remains more affordable than other regions, with minimum wage earners able to meet rent costs in under 40 hours a week in major cities.

Tether: Digital Currency of Choice for Criminals and Terrorists, Scrutinized in Commerce Secretary Nominee's Ties

Tether: A Crypto Linked to Terrorism and Crime, Despite Its Stablecoin Promises