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Republican Senators Send Letter To Trump Opposing TikTok-Oracle Deal

(Bloomberg) — A group of Republican senators sent a letter to the Trump administration Wednesday outlining their opposition to a proposed deal between Oracle Corp. and ByteDance Ltd. that would allow the Chinese company to maintain majority ownership of TikTok, despite an order by the U.S. president that the popular video app sever its ties to China on national security concerns.The lawmakers are trying to get ahead of a ruling expected this week by the Committee on Foreign Investment in the U.S., or Cfius, on a plan that includes Oracle as a “trusted technology partner.” TikTok sent a proposal to …read more […]

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Adelson Casino Hires Lawyer to Probe Transfers; Shares Fall

(Bloomberg) — Las Vegas Sands Corp.’s Singapore casino has hired a law firm to conduct a new investigation into employee transfers of more than $1 billion in gamblers’ money to third parties, according to people familiar with the matter.Davinder Singh Chambers LLC, which specializes in dispute resolution and international arbitration, was appointed after Singapore police began a probe of third-party transfers at Marina Bay Sands Ltd., said the people, who asked not to be identified discussing private matters.The review by one of Singapore’s best-known law firms adds to scrutiny of the casino by the U.S. Department of Justice and Singapore …read more […]

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Stock Market Definition for New Investors

Are you looking for a stock market definition before you begin investing? If so, you have come to the right place. The stock market presents a variety of opportunities to build passive income. However, more than half of all Americans don’t invest in stocks at all.
According to a 2019 survey by GOBankingRates, 55% of Americans have decided against investing in the stock market. There are a number of reasons why this is happening. And, having a basic understanding of the stock market could go a long way in helping turn those numbers around.

In-Depth Stock Market Definition
The thought of investing in …read more […]

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Snowflake IPO Creates Flood of Wealth for Silicon Valley Royalty

(Bloomberg) — Snowflake Inc.’s initial public offering isn’t just creating new fortunes, it’s adding to the wallets of some of Silicon Valley’s biggest names.Iconiq Capital, a multifamily office whose clients include Facebook Inc.’s Mark Zuckerberg, LinkedIn Corp.’s Reid Hoffman and Twitter Inc.’s Jack Dorsey, took part in multiple Snowflake funding rounds beginning in 2017. Its 12% stake in the company, purchased for $245 million, is now worth more than $4 billion.At its initial offering price of $120 a share, the cloud-computing company is worth $33.3 billion, more than Twitter and almost tripling the $12.4 billion it was valued at in …read more […]

Newsmakers

Logiq (OTC: WEYL) Partners with Yabx to Offer Merchant Advances and ‘Buy Now, Pay Later’ Services in Indonesia

Services to be Delivered Through PayLogiq™ eWallet and GoLogiq™ Hyper-Local Food Delivery Mobile Platforms NEW YORK, Sept. 16, 2020 — Logiq, Inc. (formerly Weyland Tech, Inc., OTCQX: WEYL), a global provider of eCommerce and fintech business […]