U.S. Pension Funds, Endowments Tied To TikTok Owner: Report; House Votes To Repeal Controversial SEC Crypto Rules | Business Matters Full Broadcast (May 9)

A new report says a number of U.S. pensions, university endowments, and other institutional investors may have exposure to TikToks owner Byte Dance, this is from a new report by a bipartisan advocacy organization Future Union.Lawmakers at the house of representatives have voted to repeal a controversial crypto rule by the Securities and Exchange Commission. The rule relates to how banks handle digital assets like cryptocurrencies — It requires custodians of digital assets to account for them as a liability on their balance sheets. NTD spoke with Rep Mike Flood, the republican lawmaker who introduced the house resolution. The number of Americans filing new claims for unemployment benefits rose last week to the highest level in more than eight months, offering more evidence that the labor market was steadily cooling.