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☆ House panel to vote on bill empowering Biden to ban TikTok
▼ + stars: | 2023-02-28 | by ( Brian Fung | ) edition.cnn.com time to read: +5 min

The legislation — introduced Friday and fast-tracked by Foreign Affairs Committee Chairman Mike McCaul — would empower the Biden administration to impose a nationwide TikTok ban under the International Emergency Economic Powers Act (IEEPA). Legal experts and even some TikTok creators have cited the Berman Amendment as a potential barrier to a nationwide TikTok ban because it may violate the Berman Amendment’s protections for electronic information. US officials have said that the data could benefit China by facilitating targeted misinformation campaigns or by providing it with intelligence targets. In seeking to restrict access to a specific social media platform, the bill risks violating Americans’ First Amendment rights to free expression, the ACLU said. “Would an entity be under the influence of China if the CEO’s sister had moved there, or married a Chinese person?

☆ US House Democrat opposes giving Biden power to ban TikTok
▼ + stars: | 2023-02-28 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

WASHINGTON, Feb 28 (Reuters) - The top Democrat on the House Foreign Affairs Committee said on Tuesday he opposes a Republican bill that would give President Joe Biden the power to ban Chinese-owned social media app TikTok and other apps. TikTok and CFIUS have been negotiating for more than two years on data security requirements. "We need to address TikTok," Meeks said. The American Civil Liberties Union urged Congress not to ban TikTok, saying it would violate the free speech rights of millions of Americans. This month, Biden said he was not sure if Washington would ban TikTok.

☆ Independent Solutions' Paul Meeks on tech stocks
▼ + stars: | 2023-02-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIndependent Solutions' Paul Meeks on tech stocksPaul Meeks, Independent Solutions Wealth Management portfolio manager, joins 'Squawk Box' to discuss the next bull leg in tech stocks, whether investors should focus on company fundamentals instead of sectors, and more.

☆ Watch CNBC's full interview with Independent Solution's Paul Meeks
▼ + stars: | 2023-02-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Independent Solution's Paul MeeksPaul Meeks, Independent Solutions Wealth Management portfolio manager, joins 'Squawk Box' to discuss the next bull leg in tech stocks, whether investors should focus on company fundamentals instead of sectors, and more.

☆ How big investors are playing the latest A.I. trend overtaking Wall Street
▼ + stars: | 2023-02-26 | by ( Samantha Subin | ) www.cnbc.com time to read: +7 min

But not every company with AI in its title, or a stake in the race, may be worth investors' hard earned cash. Given these recent developments, many investors recommend staying long Microsoft, including Sid Choraria, a portfolio manager at SC Asia. Microsoft's AI developments and the reported blunder of Google's chatbot during a promotional video have fueled concerns in recent weeks that Alphabet may be losing the AI war . "Stay focused on Alphabet," he said, adding that more AI developments should create additional revenue opportunities. Integrating an AI tool into Alibaba's business and more AI content generation should improve efficiency and boost advertising effectiveness, he added.

☆ Is it time to buy Disney? Two market pros make their case for and against the stock
▼ + stars: | 2023-02-10 | by ( Zavier Ong | ) www.cnbc.com time to read: +2 min

Disney beat Wall Street expectations for its first-quarter earnings , but it was its vast restructuring plan that stole the headlines. Two investors faced off on CNBC's " Street Signs Asia " on Thursday to make their case for and against buying the stock. "Man, when you do a restructuring of that size with a company this big, it's not going to be easy. He believes the company is a "great business" and investors should take a long-term view. "Kids are thrown into the Disney franchises and the Disney business model will stay with them for life.

☆ Kevin McCarthy lashed out at reporters when asked why he hasn't punished George Santos
▼ + stars: | 2023-01-26 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

He was being questioned about why he continues to back Rep. George Santos. "What happens in the Intel Committee, [with the] secrets that are going on in the world other members of Congress don't know," McCarthy said. McCarthy is under increasing pressure to take action against Santos as calls grow for the New York congressman to resign. "We urge you to act swiftly to prevent George Santos from abusing his position and endangering our nation," the two New York congressmen said. They wrote: "It is clear that Congressman George Santos has violated the public's trust on various occasions and his unfettered access to our nation's secrets presents a significant risk to the national security of this country."

McCarthy made good on his promise to block former House Intelligence chair Adam Schiff and Rep. Eric Swalwell — both California Democrats — from serving on that panel. In addition to keeping Schiff and Swalwell off the Intelligence Committee, McCarthy previously said he intended to remove Rep. Ilhan Omar, D-Minn., from the Foreign Affairs Committee. Rep. Thomas Massie, R-Ky., who backed McCarthy but has caused headaches for GOP leadership in the past, also got a slot on the panel. The coronavirus committeeRep. Brad Wenstrup, R-Ohio, will chair the special committee investigating the spread of the coronavirus. Last week, McCarthy named GOP members to a third select committee, focused on competition between the U.S. and the Chinese Communist Party.

☆ Democrats urge House Speaker McCarthy to deny GOP Rep. George Santos access to classified info
▼ + stars: | 2023-01-25 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +4 min

Two congressional Democrats asked House Speaker Kevin McCarthy on Wednesday to restrict Republican Rep. George Santos' access to classified information, arguing the scandal-plagued freshman lawmaker "cannot be trusted" with confidential materials. "It is clear that Congressman George Santos has violated the public's trust on various occasions," Reps. Joseph Morelle and Gregory Meeks, both from Santos' own state of New York, said in a letter to McCarthy. "His unfettered access to our nation's secrets presents a significant risk to the national security of this country," the Democrats wrote. "We urge you to act swiftly to prevent George Santos from abusing his position and endangering our nation." Santos' "untrustworthiness could warrant the Intelligence Community to slow down or limit certain classified information it shares with Congress," they told McCarthy.

☆ Big-tech stocks are bouncing back in 2023. Now they face their first big test
▼ + stars: | 2023-01-24 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

"This is the first real test we've had in a while for big tech stocks," said Adam Sarhan, CEO of 50 Park Investments. Tech companies have already demonstrated that they are bracing for slower growth with a string of recent cost-cutting announcements and layoffs that have left few stalwarts untouched. Sarhan expects most technology companies to surpass expectations, in part because estimates have come so much. Some analysts remain optimistic heading into earnings season, viewing this period as a potential reset for dismal expectations. Companies often use this earnings season as an opportunity to guide for the year ahead.

☆ Revoke Bolsonaro's visa, 41 U.S. Democrats urge Biden administration
▼ + stars: | 2023-01-12 | by ( Patricia Zengerle | ) www.reuters.com time to read: +2 min

They sent a letter calling on the administration to support democracy and the rule of law in Brazil. State Department and White House officials did not immediately respond to a request for comment on the letter. The State Department has said repeatedly its policy is not to discuss specific visa cases. Secretary of State Antony Blinken said on Wednesday that Washington had not received any specific requests from Brazil over Bolsonaro. Bolsonaro has said on social media that he would return to Brazil earlier than planned for medical reasons.

☆ The Nasdaq had its worst year since 2008. These are the best and worst performers and what to expect in 2023
▼ + stars: | 2022-12-27 | by ( Samantha Subin | ) www.cnbc.com time to read: +9 min

2022 brought an end to an impressive bull run for technology — and the worst year for the Nasdaq Composite since 2008. Energy stocks, meanwhile, found favor in investors' portfolios, as did healthcare and financials. Given this outlook, CNBC examined some of the worst and best-performing stocks in the Nasdaq 100 this year. Energy stocks Energy won 2022, benefitting from volatile oil prices triggered by the war in Ukraine. Meta Platforms was the worst-performing FAANG name, and one of the poorest-performing Nasdaq stocks.

☆ Top talkers: These 20 lawmakers spoke the most on the House and Senate floors during the 117th Congress, including Rep. Buddy Carter and Sen. Marsha Blackburn
▼ + stars: | 2022-12-26 | by ( Nicole Gaudiano | Oma Seddiq | ) www.businessinsider.com time to read: +6 min

Some lawmakers delivered dozens of floor speeches during the 117th Congress, C-SPAN's tracking showed. Most members don't usually hang out on the House or Senate floor to hear their colleagues' speeches. These House members spoke the most on the House floor during the 117th Congress. "It is my duty to use the House Floor as a vehicle to share their views, needs, and successes. That's because the Senate floor is typically where leaders make announcements to their members on legislation and nominations, among other topics.

☆ What's next after a brutal year for tech? Market watchers share their views — and top stock picks
▼ + stars: | 2022-12-26 | by ( Zavier Ong | ) www.cnbc.com time to read: +7 min

If you invested in tech stocks in 2022, chances are you're sitting on a loss right now. As they head into 2023, investors could be forgiven for thinking that the worst of the tech rout is over. Big Tech is 'not dead' Michael Yoshikami, founder and CEO of Destination Wealth Management, said Big Tech is "not dead," though it will take time to recover. Goldman Sachs and Citi also see pockets of opportunities within Big Tech, with both naming Amazon and Meta Platforms as their top picks for 2023. The sector has traditionally been viewed as a growth sector, but some analysts say tech stocks are now value stocks instead.

☆ A long-overdue reality check for tech stocks has reset the bar for 2023
▼ + stars: | 2022-12-20 | by ( Samantha Subin | ) www.cnbc.com time to read: +9 min

Despite the comedown, many stocks still are expensive on a price-to-earnings basis when compared with the broader S & P 500, which trades at 18 times earnings. As of Monday's close, Meta shares trade at 11 times earnings on a 12-month trailing basis, down from 24 times at the start of 2022. PE ratios for all three stocks have come down significantly this year, with Cisco trading at 17 times earnings, compared to more than 23 times at the start of 2022. Within the semiconductor sector, Meeks favors names operating within industrials and autos, that are better positioned in a slowdown. While risk-averse tech may be the name of the game for 2023, some investors caution opting out of growth altogether.

☆ Sam Bankman-Fried is set to testify before Congress on Tuesday. He could be grilled on his past statements — and expose himself to more legal risks.
▼ + stars: | 2022-12-12 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +5 min

Sam Bankman-Fried plans to appear remotely before the House Financial Services Committee on Tuesday. The House Financial Services committee has its own investigative mandate, outlined by its role in inquiring into financial failures, and in helping to craft legislation to prevent similar episodes in the future. Participating could expose Bankman-Fried to more legal risksTestimony provided to House lawmakers would usually be under oath, thought not necessarily so. The House Financial Services committee, chaired by Democratic Representative Maxine Waters of California, comprises progressive political stars like Alexandria Ocasio-Cortez of New York and Rashida Tlaib of Michigan. The House Financial Services committee hearing is scheduled to kick off at 10 a.m. Eastern on Tuesday.

☆ American and British Airways just opened brand new joint luxury lounges at New York's biggest airport as they grow their partnership — see inside
▼ + stars: | 2022-12-08 | by ( Taylor Rains | ) www.businessinsider.com time to read: 1 min

But, to better streamline their operation, British Airways has moved into Terminal 8, and the pair are now officially "roommates," as American CEO Robert Isom put it at a press conference in November. (L-R): Iberia CEO Javier Sánchez-Prieto, British Airways CEO Sean Doyle, American Airlines CEO Robert Isom, Port Authority Executive Director Richard Cotton, Congressman Gregory Meeks (D-NY), and Queen Borough President Donovan Richards Jr. cut the ribbon to the new Terminal 8 at JFK on Tuesday, November 29. Taylor Rains/Insider

☆ It's been a bad year for tech. But top investor Paul Meeks is betting on these bright spots
▼ + stars: | 2022-12-01 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

E-commerce Meeks is avoiding the e-commerce space altogether, citing concerns about "lackluster" online Christmas spending in the United States and the return of Covid shutdowns in China. Among the world's major e-commerce stocks, Meeks said he prefers JD.com to Alibaba and Amazon , though he suggested that "investors wait to buy any of them." Cyber stocks Cyber stocks, like nearly everything else in the broader tech sector, haven't been spared from this year's tech rout. The First Trust Nasdaq Cybersecurity ETF (CIBR) and the iShares Cybersecurity and Tech ETF (IHAK) are both down by about 22% this year, less than the Nasdaq's 30% drop. The semiconductor sector has, however, recovered slightly, with the SOX up 14.9% since the end of the third quarter.

☆ The deadly missile incident in Poland is a 'propaganda gift' for the Ukrainians and Zelenskyy, Russia expert says
▼ + stars: | 2022-11-16 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

Two people were killed after Russian-made missiles landed in Poland, according to reports. The incident could benefit Zelenskyy's efforts to stir up further assistance, a Russia expert said. "This is a propaganda gift for the Ukrainians," said Simon Miles, an assistant professor at Duke. But what marks the first seeming spillover of Russia's war beyond Ukraine could ultimately benefit Ukrainian President Volodymyr Zelenskyy's ongoing efforts to stir up additional assistance and support, a Russia expert told Insider. On top of being a fatal tragedy for Poland, the Tuesday incident also bolsters Ukraine's ongoing wartime rhetoric.

☆ Republican Rep. Ashley Hinson faces off against Democratic state Sen. Liz Mathis in Iowa's 2nd Congressional District election
▼ + stars: | 2022-11-05 | by ( Hanna Kang | ) www.businessinsider.com time to read: +4 min

Rep. Ashley Hinson is running against Democratic state Sen. Liz Mathis in Iowa's 2nd Congressional District. The 2nd District covers 22 counties in Iowa's northeast corner. IA-03 HouseRepublican Rep. Ashley Hinson faces off against Democratic state Sen. Liz Mathis in Iowa's 2nd Congressional District. She and Rep. Mariannette Miller-Meeks — running for reelection in Iowa's 1st Congressional District — are the first Republican women to represent Iowa in the US House. Voting history for Iowa's 2nd Congressional DistrictIowa's 2nd Congressional District covers 22 counties in Iowa's northeast corner, including Cedar Rapids, Waterloo, Dubuque, and Mason City.

☆ Republican Rep. Mariannette Miller-Meeks faces off against Democratic state Rep. Christina Bohannan in Iowa's 1st Congressional District election
▼ + stars: | 2022-11-05 | by ( Hanna Kang | ) www.businessinsider.com time to read: +4 min

Rep. Mariannette Miller-Meeks is running against Democratic state Rep. Christina Bohannan in Iowa's 1st Congressional District. IA-03 HouseRepublican Rep. Mariannette Miller-Meeks faces off against Democrat Christina Bohannan in Iowa's 1st Congressional District. Iowa's 1st Congressional District candidatesDon't say your vote doesn't cout: Miller-Meeks, first elected in 2020, won the election by just six votes after a recount. Bohannan, Miller-Meek's challenger, currently represents the 85th District in the Iowa House of Representatives. Voting history for Iowa's 1st Congressional DistrictIowa's 1st Congressional District covers most of central and southeastern Iowa and includes Iowa City, Davenport, Pella, and Burlington.

The GOP, especially in South Florida, is trying to portray Democrats as "socialists" and soft on foreign policy, with Taddeo touting her hard-line stance against leftist governments. Salazar and Taddeo have similar hard-line foreign positions against the governments of Cuba, Venezuela and Nicaragua. Taddeo, according to a spokesperson, feels current foreign policy toward Cuba, Venezuela, and Nicaragua cannot change until there are democratic transitions in those countries. There are about 275,000 Colombian eligible voters in Florida and a significant number live in the district. The two candidates recently left many puzzled when they tweeted that former Colombian President Iván Duque seemingly supports both of them.

☆ Watch CNBC's full interview with Independent Solutions Wealth Management's Paul Meeks
▼ + stars: | 2022-10-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Independent Solutions Wealth Management's Paul MeeksPaul Meeks, Independent Solutions Wealth Management portfolio manager, joins 'Squawk Box' to discuss expectations for upcoming tech earnings, anticipations for decelerating cloud growth, and resilience factors effecting digital advertising companies.

☆ Google's search business shows more resilience than Meta's social ads, says Paul Meeks
▼ + stars: | 2022-10-25 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGoogle's search business shows more resilience than Meta's social ads, says Paul MeeksPaul Meeks, Independent Solutions Wealth Management portfolio manager, joins 'Squawk Box' to discuss expectations for upcoming tech earnings, anticipations for decelerating cloud growth, and resilience factors effecting digital advertising companies.

☆ Top investors say it's foolish to ignore the value in tech stocks right now. What to buy and when
▼ + stars: | 2022-10-21 | by ( Samantha Subin | ) www.cnbc.com time to read: +25 min

Schatz of Heritage Capital looks for what he calls "high-flier" or "second-tier" technology stocks severely battered this year but pushing higher. Playing defense When looking outside of big tech, investors may also want to consider looking out for more defense-focused names. His picks include IBM, which trades at just 14 times forward earnings and offers a sticky revenue base. Schatz of Heritage Capital looks for what he calls "high-flier" or "second-tier" technology stocks severely battered this year but pushing higher. His picks include IBM, which trades at just 14 times forward earnings and offers a sticky revenue base.

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