Stock Market Correction, Political Ads on Streaming TV, TikTok's Legal Fight, and More

The stock market is showing signs of a potential correction, according to Ariel Investments' founder John Rogers. He believes that the market is overvalued and due for a pullback. Meanwhile, political ads are surging on streaming TV platforms as candidates target viewers who have shifted away from traditional cable. TikTok is planning a full legal fight if the US divestment bill becomes law, as the company seeks to protect its operations in the country.

KKR has led a $500 million debt deal for HarbourView Music Royalties, providing financing for the acquisition of music rights. ADM, a global food processing company, needs more than a nutrition revamp to recover from an $8 billion loss. The US's Deputy Treasury Secretary, Wally Adeyemo, has criticized South Africa for lacking the will to fix its energy crisis. Trend-chasing quants are making a comeback on Wall Street, with gains reaching 45%. An ex-FBI spy has been charged with spreading false information about Hunter Biden, which also ensnared a bank chief. Democrats have warned the US Trade Bank against backing Bahrain's oil drilling activities. Saudi Arabia has received $13 billion in investment to boost its tourism sector. Spain is concerned about Viktor Orban's involvement in a €600 million rail deal. Republicans are investigating John Podesta's role as Biden's climate diplomat. The rally in AMD's stock looks more fragile compared to Nvidia's, as traders bid up AI-related companies. Shell is planning to cut about 20% of jobs in its deals team as part of cost-saving measures. Oil prices are climbing as an industry report suggests falling US stockpiles

Stock Market Correction Political Ads Streaming TV Tiktok Legal Fight KKR Debt Deal ADM Energy Crisis Quants FBI Spy Democrats US Trade Bank Bahrain Saudi Arabia Tourism Spain Rail Deal Republicans John Podesta AMD Nvidia Shell Job Cuts Oil Prices

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