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How the TikTok deal could tighten Trump's cultural grip PoliticoWill I Have to Download a New TikTok App? And Other Big Questions About The Deal. The New York TimesTikTok's New CEO Brings Hollywood Connections, ByteDance Loyalty BloombergAnnouncement from the new TikTok USDS Joint Venture LLC Newsroom | TikTokTikTok finalizes deal to form new American entity NPR
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BlackRock's Rick Rieder surges ahead in race to chair Federal Reserve Financial TimesWall Street's Rick Rieder may be gaining ground in Trump's hunt for a new Fed chair CNNTrump signals he has a favorite for Fed chair: 'Down to maybe one, in my mind' CNBCHassett says new Fed chair should be 'an independent person' who respects mandates Reuters
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ICE arrests 100 people three days into Maine immigration crackdown, DHS says The GuardianPortland, Maine, Feels Like a Small Town — And ICE Isn't Welcome The New York TimesScoop: Mills flew to California fundraisers while ICE raided Maine AxiosMaine's Gov. Mills speaks out against 'secret arrests' as sheriff says ICE arrested recruit NBC News'We're being terrorized.' What Mainers are seeing as ICE launches operation in the state
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The agreement ends a six-year legal battle that saw the app banned by Congress and nearly shut down this month.
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Target is once again caught in a political firestorm. Here's what HR is telling staff. Business InsiderTarget Store Staff Are Skipping Work Over ICE's Crackdown in Minnesota Bloomberg.comNational Anger Spills Into Target Stores, Again The New York TimesProtests against ICE underway in Pittsburgh triblive.comIndivisible Charlottesville to protest ICE, Target cvilleright
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Live updates: Minnesota ‘economic blackout' planned in protest of ICE as immigration crackdown fuels tensions CNN‘Enough Is Enough': Hundreds of Minnesota Businesses Take Stand Against ICE The New York TimesICE Out of Minnesota: Unions & Churches Lead Economic Blackout in "Day of Truth and Freedom" Democracy Now!Businesses in Minneapolis are planning to close Friday to protest ICE NBC News
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Disruption. It's coming for the U.S. dollar in the form of digital currency. Last week the Biden administration detailed a broad plan for adopting a central bank digital currency (CBDC) in the coming years. The Departments of Energy, Commerce, the Treasury, and other agencies weighed in on how to manage and regulate a CBDC.
The government is reacting in part to the explosive growth of digital currencies. About three out of ten U.S. adults currently invest in some form of cryptocurrency, or "crypto," like Bitcoin or Ethereum. These digital "coins" rely on a decentralized network of computers to verify financial transactions, cutting out third parties like banks or credit cards.
The good, the bad, and the ugly of crypto
Advocates of crypto point to its affordability, efficiency, and its ability to reach consumers with little or no access to traditional banking services. With just a mobile phone or a crypto ATM, consumers can easily send and receive digital currency, even across international borders.
On the other hand, crypto is still largely unregulated and volatile. Investors in Bitcoin, for example, saw returns of over 70% in 2021, but the currency is down almost 60% year to date. And if you send your payment to the wrong account (called a "digital wallet") there may be no way to retrieve it. Crypto has also been used for money laundering, fraud, and to fund terrorism. Several
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