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TikTok’s Secret ‘Heating’ Button Can Make Anyone Go Viral

For years, TikTok has described its powerful For Your Page as a personalized feed ranked by an algorithm that predicts your interests based on your behavior in the app. But that’s not the full story, according to six current and former employees of TikTok and its parent company, ByteDance, and internal documents and communications reviewed by Forbes. These sources reveal...

The Federal Reserve will cut interest rates 6 times in 2024 as the economy shows clear signs of cooling down, ING says

An economy that is showing clear signs of decelerating means the Federal Reserve will cut interest rates at least six times in 2024, according to a Thursday note from ING Economics. Moderating inflation, a cooling jobs market, and a deteriorating outlook for consumer spending mean the Fed may need to cut interest rates more than the market expects.  "We have ...