TikTok users in the U.S. got a one-week reprieve from the Trump administration’s download ban on the popular short-form video app. The announcement of the postponement of the ban came after President Trump said he gave his “blessing” to a multiparty deal under which TikTok will become majority-owned by a group of U.S. companies and […] …read more […]
(Bloomberg) — Donald Trump gave his blessing to Oracle Corp.’s bid for the American operations of TikTok, putting the popular video-sharing app on course to escape a U.S. ban imposed as part of his pressure campaign against China.“I approved the deal in concept,” Trump told reporters Saturday as he left the White House for a campaign rally in Fayetteville, North Carolina. “If they get it done, that’s great. If they don’t, that’s OK too.”The new company, which will be called TikTok Global, has agreed to funnel $5 billion in new tax dollars to the U.S. and set up a new …read more […]
TikTok owner Bytedance said in a social media post on Sunday that it was the first time it had heard in the news it was setting up a $5 billion education fund in the United States. U.S. President Donald Trump said he had approved a deal, which included a $5 billion education fund, to allow TikTok to continue to operate in the United States. “The company has been committed to investing in the education field, and plans to work with partners and global shareholders to launch online classroom projects based on AI and video technology for students around …read more […]
REDWOOD SHORES, Calif. and BENTONVILLE, Ark. …read more […]
(Bloomberg) — Oracle Corp.’s agreement to take a stake in TikTok has won the long-awaited blessing of U.S. President Donald Trump.The proposal, which would give Oracle and other investors minority ownership of a new company called TikTok Global, still needs approval from regulators in China, where TikTok’s parent ByteDance Ltd. is based.Trump’s praise for the agreement suggests that weeks-long deliberations over the fate of a popular music and video-sharing app are nearing completion. ByteDance began holding discussions with investors in its U.S. operations after the Trump administration threatened to shutter the business, saying that it poses a threat to national …read more […]
(Bloomberg) — Oracle Corp. said it plans take a 12.5% stake in TikTok Global and become the cloud computing provider to the newly formed company, culminating weeks of negotiations over a popular video-sharing app that became the focus of U.S.-China tension.Oracle and Walmart Inc. together could end up with as much as 20% of the entity, to be called TikTok Global, purchased in a round of financing that would precede an initial public offering, TikTok said. Sequoia Capital and General Altantic, current investors in TikTok parent ByteDance Ltd., could also pursue stakes in that fundraising round, a person with knowledge …read more […]
Oracle said it will take a 12.5% stake in the new TikTok Global, a U.S.-based entity formed from the Trump administration’s demand that the popular video app’s Chinese parent company, ByteDance, divest its U.S. operations to American owners. Oracle confirmed its plans to take the ownership stake in TikTok shortly after President Trump said Saturday […] …read more […]
Major financial institutions seem to be undertaking equity manipulation via the …read more […]
REDWOOD SHORES, Calif., Sept. …read more […]
President Trump said he approved in principle the deal under which Oracle and Walmert would receive ownership stakes in Chinese-owned app TikTok. His remarks come a day before his administration’s ban on TikTok app downloads in the U.S. is set to go into effect — which TikTok filed a last-minute suit seeking to stop. “I […] …read more […]
(Bloomberg) — Donald Trump said he’s approved Oracle Corp.’s bid for the U.S. operations of TikTok “in concept,” a deal forced by the president’s orders last month declaring the popular video-sharing app a national security threat.“I have given the deal my blessing,” Trump told reporters Saturday as he left the White House for a campaign rally in Fayetteville, N.C. “I approved the deal in concept.”The new company, which will be called TikTok Global, has agreed to donate $5 billion to an educational fund based in Texas, which Trump said would satisfy his request for a contribution to the government for …read more […]
* Benzinga has examined the prospects for many investor favorite stocks over the past week. * This past week’s bullish calls included an e-commerce colossus and some surprises. * An aerospace leader and a supermarket operator were among last week’s bearish calls. * As the third-quarter winds down and the presidential election heads for the home stretch, market volatility was still a major theme last week. The big U.S. indexes ended marginally lower for a week that saw the latest Federal Reserve commentary, the unveiling of the latest products from the iPhone maker …read more […]
There are currently almost 2.3 million people behind bars, with the prison industry generating upwards of $80 billion a year. Much of that money is made from those people incarcerated and their families. …read more […]
(Bloomberg) — Slow-moving Tropical Storm Beta is likely to reach hurricane strength as it meanders across the western Gulf of Mexico and Texas coast, bringing heavy rain as far as Louisiana, as well as raking off-shore energy fields with high winds next week.Winds from Beta could hit 80 miles (129 km) per hour by Monday, making it a Category 1 hurricane on the five-step Saffir-Simpson scale as it nears Corpus Christi, Texas. It’s likely to make landfall there or possibly stay just offshore, the U.S. National Hurricane Center said in a Saturday advisory.Category 1 Hanna also struck southern Texas this …read more […]
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