TikTok is under investigation by the FTC over data practices and could face a lawsuit
orlandosentinel.com/2024/03/27/tiktok-is-under-investigation-by-the-ftc-over-data-practices-and-could-face-a-lawsuit/
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| Last Updated | Mar 28 |
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TikTok is under investigation by the FTC over data practices and could face a lawsuit
apnews.com/article/tiktok-ftc-investigation-china-data-e91e02db5c4f3f7d5836ecafedbf4714
TikTok faces FTC investigation over data and security practices, AP reports: A source told the AP that the FTC has been looking into whether TikTok violated a ...
pbs.org/newshour/politics/tiktok-faces-ftc-investigation-over-data-and-security-practices-ap-reports
TikTok faces federal investigation over data practices: The investigation is the latest battle in Washington for the social media company already fighting a ...
oregonlive.com/business/2024/03/tiktok-faces-federal-investigation-over-data-practices.html
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TikTok is under investigation by the FTC over data practices and could face a lawsuit
apnews.com/article/tiktok-ftc-investigation-china-data-e91e02db5c4f3f7d5836ecafedbf4714
TikTok faces FTC investigation over data and security practices, AP reports: A source told the AP that the FTC has been looking into whether TikTok violated a ...
pbs.org/newshour/politics/tiktok-faces-ftc-investigation-over-data-and-security-practices-ap-reports
TikTok faces federal investigation over data practices: The investigation is the latest battle in Washington for the social media company already fighting a ...
oregonlive.com/business/2024/03/tiktok-faces-federal-investigation-over-data-practices.html
TikTok is under investigation by the FTC over data practices: The FTC is also scrutinizing the platform over potential violations of a children's privacy law ...
scrippsnews.com/stories/tiktok-is-under-investigation-by-the-ftc-over-data-practices/
TikTok faces federal investigation over data practices: The investigation is the latest battle in Washington for the social media company already fighting a ...
pennlive.com/business/2024/03/tiktok-faces-federal-investigation-over-data-practices.html
There Is No TikTok in China, Only Douyin. Here’s What It Is.: ByteDance owns both TikTok and Douyin, and although TikTok has more users around the world ...
nytimes.com/2024/04/25/business/china-tiktok-douyin.html
ByteDance would shut down TikTok in US rather than sell it, sources say: App’s ‘secret source’ algorithm reportedly core to operations of parent company ...
theguardian.com/technology/2024/apr/25/bytedance-shut-down-tiktok-than-sell
Quick Glance: ByteDance Would Consider Closing TikTok in US Over Sale, Sources Claim
- ByteDance would prefer to cease TikTok operations rather than engage in a sale if all legal avenues are exhausted to combat potential legislation banning the platform in US app stores, as per four sources.
- Despite TikTok's massive popularity with over a billion users, it remains unprofitable, contributing a small fraction to ByteDance's overall revenues and daily active user base.
- ByteDance stated on Thursday in a release on Toutiao, a media platform it possesses, that there are no intentions to sell TikTok, in response to claims from The Information about ByteDance exploring sale scenarios for TikTok's US operations excluding the recommending algorithm for user videos.
- As of December, ByteDance's valuation stood at $268 billion when it proposed a buyback of approximately $5 billion in shares from investors.
TikTok ban: ByteDance would rather shut app down than sell, insiders say: TikTok owner ByteDance would prefer shutting down its loss-making app rather than sell ...
scmp.com/news/world/united-states-canada/article/3260400/tiktok-ban-bytedance-would-rather-shut-app-down-sell-insiders-say
Quick Glance: TikTok Ban Threat: ByteDance Prefers Closure Over Sale, Insiders Say
- ByteDance, the owner of TikTok, would prefer to shut down its loss-making app rather than sell it if all legal options to fight legislation to ban the platform from app stores in the US are exhausted, said four sources.
- TikTok accounts for a small share of ByteDance’s total revenues and daily active users, so the parent would rather have the app shut down in the US in a worst-case scenario than sell it to a potential American buyer, they said.
- ByteDance would not agree to sell one of its most valuable assets – its “secret source” – to rivals, said the four sources, referring to the TikTok algorithm.
- After facing challenges regarding bans, the short-form video app has encountered partial and attempted prohibitions in the US and other nations.
TikTok will not be sold, Chinese parent ByteDance tells US: The video sharing app faces being banned in the US unless it severs ties with its China's ByteDance.
bbc.com/news/articles/c289n8m4j19o
Quick Glance: Chinese TikTok App Sale Required for National Security Measures
- A newly enacted law mandates the sale of the Chinese-owned TikTok app to address national security concerns.
- According to experts, China has intensified its online information operations in recent years to advance its broader objectives.
- China has actively sought to leverage TikTok to influence politics in Taiwan, yet these endeavors ultimately proved unsuccessful.
- While TikTok was utilized in these publicly identified Chinese operations, researchers have not observed a specific emphasis on the app compared to other popular platforms.
TikTok says it will fight US ban or forced sale after bill passes: Platform’s future in US in doubt after House approves bill ordering Bytedance to sell stake
theguardian.com/technology/2024/apr/22/tiktok-us-ban-or-forced-sale-bill-bytedance
Quick Glance: San Francisco's Real Estate Market in Turmoil
- The city of San Francisco, once seen as the shining star of the West Coast, is now on the verge of collapse, with seemingly no one raising the alarm.
- In particular, the city's housing market has been severely impacted over the past year, with prices plummeting and homeowners fleeing en masse.
- Jamie Dimon, CEO of JPMorgan Chase, did not hold back in his comparison of San Francisco's issues to those of New York City, stating that the Bay Area is 'in far worse shape.'
- San Francisco is failing in all aspects, leading to a quiet collapse of its housing market, where once luxurious properties are now being offered at significant discounts.
ByteDance Won’t Sell TikTok To Protect Its Secret Algorithm: Report: Sources said that if the company’s legal challenges fail, ByteDance would be willing to call ...
thedailybeast.com/bytedance-wont-sell-tiktok-to-protect-its-secret-algorithm-report
Net neutrality restored as FCC votes to regulate internet providers: The Federal Trade Commission has voted to restore rules to prevent broadband internet ...
apnews.com/article/net-neutrality-fcc-broadband-regulation-cc8421bc4f11a3e0f6ffc22c358fbfd0
Quick Glance: FCC Votes to Restore Net Neutrality Rules
- The FCC voted 3-2 along political party lines to reinstate rules from 2017 to prevent internet service providers from disrupting your internet speed.
- Restoring net neutrality has been a focus for President Joe Biden and was approved by a majority of the FCC.
- Net neutrality protects consumers from ISP control, promotes fair rules, and safeguards against online fraud and scams.
- The discussion on net neutrality also raises questions about service pricing and highlights the importance for internet infrastructure.
U.S. bans noncompete agreements for nearly all jobs: The Federal Trade Commission has voted to ban employment agreements that typically prevent workers from ...
npr.org/2024/04/23/1246655366/ftc-bans-noncompete-agreements-lina-khan
Quick Glance: US implements ban on worker 'competition agreements' with business groups filing lawsuits
- The U.S. Federal Trade Commission has approved a framework to eliminate agreements often signed by employees to refrain from joining their employers' competitors or establishing rival businesses.
- The ban on noncompete agreements is projected to boost worker earnings by up to $488 billion over the next decade and facilitate the establishment of over 8,500 new businesses annually.
- Prominent business associations have criticized the framework and declared legal actions, contending that noncompete agreements assist companies in safeguarding trade secrets and advancing competitiveness.
- Unions have endorsed the FTC's vote in favor of the ban, hailing it as a significant triumph for workers that will enhance the national economy by fostering entrepreneurship.
US Senate passes law requiring ByteDance to divest TikTok stateside: Clock starts tick-tocking towards January 2025 deadline to get a deal done – or the app ...
theregister.com/2024/04/24/us_senate_passes_tiktok_sale_act/
What You See in the Dark by Rudy Gobert | The Players’ Tribune: This is the real Rudy Gobert: “I don’t think you’ll understand me unless you understand a bit of ...
theplayerstribune.com/posts/rudy-gobert-nba-basketball-minnesota-timberwolves
Quick Glance: Twelve Jurors Seated in Trump's Hush Money Trial
- A jury of 12 individuals was empaneled on Thursday in the landmark hush money trial of former President Donald Trump, bringing the proceedings closer to opening arguments and the commencement of weeks filled with compelling testimonies.
- The upcoming trial is anticipated to present unfavorable testimonies regarding Trump's personal life pre-presidency, including accusations of manipulating business records to suppress narratives in the final days of the 2016 election surrounding his intimate relationships.
- Central to the trial is a payment of $130,000 made by Cohen just before the 2016 election to adult film actress Stormy Daniels, aimed at preventing her allegations of a sexual encounter with Trump from being publicized in the campaign's final stretch.
- The selection of the jury holds paramount significance in any criminal proceeding, particularly so when the accused is a former president and the presumed Republican candidate. Potential jurors have undergone extensive scrutiny concerning their online presence, personal backgrounds, and political stances as legal representatives and the judge meticulously scrutinize for partialities that could compromise their impartiality.
Huw Edwards leaves BBC on medical advice: The presenter has been off air for months after reports he paid a young person for explicit photos.
bbc.com/news/entertainment-arts-68873266
Quick Glance: Huw Edwards steps down from BBC due to health reasons
- Huw Edwards announced his resignation from the BBC on Monday, citing health reasons according to the corporation.
- A spokesperson for the BBC stated that after 40 years of service, Huw Edwards' decision based on medical advice was accepted.
- Mr. Edwards' wife, Vicky Flind, revealed that he is suffering from severe mental health issues and is currently receiving in-patient care.
- Mr. Edwards, one of the most prominent BBC presenters, had been involved in significant events such as royal weddings and funerals.
Senators hope TikTok will remain in business in US under new owner: Two U.S. senators said they hope TikTok will remain in business in the U.S ...
reut.rs/3wa0Hjp
Nomura profits surge as Japan’s stock market breaks bubble-era record: Investment bank and brokerage boosted by soaring stock and fixed-income trading
ft.com/content/1b2ec092-ed94-4624-9c8f-3a80e76b894a
Reuters World News: Trump's foreign courters, and other top stories: The US Senate approves a bill to ban TikTok unless it’s sold by its Chinese owner ByteDance.
reut.rs/3Qjjfo7
Tattooed woman mad about job rejection: A woman whose face is covered in tattoos and piercings has claimed she was denied a job at retailer TJ Maxx over her body ...
news.com.au/lifestyle/real-life/news-life/its-so-annoying-woman-claims-she-was-rejected-by-employer-over-tattoos/news-story/0db190395818979aa7926cb9378f6c0e
Many in Gen Z ditch colleges for trade schools. Meet the 'toolbelt generation' : With demand for jobs like HVAC technicians, electricians and wind turbine ...
npr.org/2024/04/22/1245858737/gen-z-trade-vocational-schools-jobs-college
TikTok Risks Fines as EU Issues Ultimatum Over App Launch: The European Union opened a new probe Monday into whether ByteDance Ltd. violated the bloc’s new ...
bloomberg.com/news/articles/2024-04-22/tiktok-risks-fines-as-eu-issues-ultimatum-over-app-launch
🔊 The US Senate passes a bill to force TikTok's Chinese owner ByteDance to sell it or face a ban. Find out the latest on the Reuters World News podcast
reut.rs/4ddKPNn
Joe Biden urges restraint from Israel after Iran’s drone and missile attack: Macron warns of risk of ‘conflagration in the region’ as Israeli war cabinet ...
ft.com/content/1b9b50dd-a0a5-4fd7-8c3b-a15bae40dba9
US Senate passes bill to force TikTok divestment or ban: The U.S. Senate voted late Tuesday to send legislation to President Joe Biden that would require Chinese ...
reut.rs/3UvbZbd
Quick Glance: Biden signs Comprehensive Military Aid Package for Ukraine, Israel, and Taiwan
- President Biden announces the signing of a substantial $95 billion military assistance package for Ukraine, Israel, and Taiwan, with a significant portion of the funds directed towards Ukraine.
- Despite initial resistance from Republicans in Congress, Biden has signed the aid package, highlighting the reinforcement of allies and ensuring prompt deliveries to Ukraine.
- The assistance for Ukraine includes weapons and military equipment valued at around $1 billion, encompassing artillery shells and air defense missiles.
- Military analysts do not foresee significant changes on the frontlines in eastern Ukraine, while the US support aims to aid Ukraine in operations in southern Ukraine, particularly focusing on Crimea and the Black Sea.
TikTok fortune of billionaire Republican donor Jeff Yass threatened by Washington
ft.com/content/256a45c3-8c78-4448-9dbe-8382c0788457
How Volvo landed a cheap Chinese EV on U.S. shores in a trade war : A made-in-China electric vehicle will hit U.S. dealers this summer offering power and ...
nbcnews.com/business/autos/volvo-landed-cheap-chinese-ev-us-shores-trade-war-rcna149349
Rebecca Ferguson Says Ex-Costars Called Her After Screaming Accusations: ‘You Understand What You’ve Done, Right?’
thewrap.com/rebecca-ferguson-former-costars-called-after-screaming-accusations/
Quick Glance: Rebecca Ferguson Addresses Set Misconduct
- Rebecca Ferguson received calls from 'amazing co-stars' unhappy with her viral comment.
- Ferguson discussed a former co-star who yelled at her on set, leading to speculation.
- Despite the speculation fading, Ferguson mentioned significant former co-stars.
- The actress revealed the impact of working with the difficult co-star on her career perspective.
NBA insider details Trae Young's poor rep around league, why Hawks will have to 'settle' for far less or move Dejounte Murray instead
sportsnaut.com/trae-young-poor-rep-difficulty-of-hawks-trade/
New York Stock Exchange tests views on round-the-clock trading: Poll comes as US regulators review Steve Cohen-backed proposal for a 24/7 exchange
ft.com/content/31c3a55b-9af9-4158-8a49-4397540571bf
What will Trump's foreign policies be if he wins the White House?: Republican former President Donald Trump is planning to fundamentally alter the United States' ...
reuters.com/world/us/trumps-foreign-policy-rethink-nato-troops-mexico-boost-tariffs-2023-12-18/
Exclusive: ByteDance prefers TikTok shutdown in US if legal options fail, sources say
reuters.com/technology/bytedance-prefers-tiktok-shutdown-us-if-legal-options-fail-sources-say-2024-04-25/
TikTok’s Origin Story: Court Files Show Role of GOP Megadonor Jeff Yass: Court records, mistakenly made public, tell a story about the birth of ByteDance ...
nytimes.com/2024/04/18/business/tiktok-bytedance-jeff-yass.html
NBA playoffs 2024 -- Is this the end for the Golden State Warriors? - ESPN: Missing the playoffs is not where old and expensive Golden State expected to be two ...
espn.com/nba/insider/story/_/id/39958885/nba-playoffs-2024-end-golden-state-warriors
Quick Glance: Kings-Warriors: Coach Kerr Endorses NBA Play-In
- Coach Steve Kerr supports the NBA play-in tournament for adding excitement to the season.
- The play-in format provided a lifeline for the Kings and Warriors, who wouldn't have made the playoffs in the old system.
- The Kings face challenges due to injuries to key players, while Coach Brown praises the Warriors' core players.
- Brown highlights the impact of Chris Paul and his greatness in the NBA.
ByteDance promised to sue if the U.S. bans TikTok. Legal experts weigh in on what it means for users
f-st.co/X191xBh
BoU issues new rules for mobile money transactions : Bank of Uganda has directed that customers carrying transactions involving Shs1m or more must first verify ...
monitor.co.ug/uganda/business/finance/bou-issues-new-rules-for-mobile-money-transactions--4596110
Why is Iran’s President Ebrahim Raisi visiting Pakistan?: Raisi is set to hold talks with top Pakistani leaders as the two nations aim to boost trade and resolve ...
aljazeera.com/news/2024/4/22/why-is-irans-president-ebrahim-raisi-visiting-pakistan
Trump criminal case: Full 12-person jury seated in Manhattan: The trial, the first ever in which an ex-US president is the defendant, may see opening arguments ...
bbc.com/news/world-us-canada-68851832
Mexico’s presidential frontrunner vows to prioritise US trade ties: Claudia Sheinbaum strikes a contrast to mentor López Obrador at bankers’ conference
ft.com/content/eb1fbdc8-8d1f-4b61-b41d-0bdc6cfc28ab
Quick Glance: Mexico’s Presidential Front-Runner Emphasizes Priority of US Trade Ties
- Claudia Sheinbaum highlights US trade ties and aims to encourage companies to shift operations to Mexico to reduce ties with China.
- She signals the importance of the US trade relationship and promises consensus-based policies in contrast to her combative mentor López Obrador.
- Enthusiasm for Mexico's economic potential due to proximity to the US is evident, despite facing long-standing economic challenges.
- Sheinbaum runs a disciplined campaign, emphasizing continuity while showing willingness for differences and addressing significant economic challenges ahead.
A Trove of ByteDance Records Mistakenly Went Public. Here’s What They Say.: The records briefly surfaced in a lawsuit involving the Republican megadonor Jeff ...
nyti.ms/3vO6PxL
FBI opens criminal investigation into Baltimore bridge collapse, AP source says: The FBI is conducting a criminal investigation into the deadly collapse of ...
apnews.com/article/baltimore-bridge-collapse-fbi-investiagation-58188d524035c756872603055f309c78
Quick Glance: Investigation of Key Bridge Incident
- The FBI has initiated a criminal investigation focusing on the colossal container vessel that caused the collapse of the Francis Scott Key Bridge in Baltimore last month.
- Authorities are examining the sequence of events that led to the Dali, a 985-foot Singaporean ship, losing power as it departed from the Port of Baltimore and colliding with one of the bridge's support pillars.
- Federal agents appeared to have boarded the ship on Monday morning to conduct a search.
- President Biden and Maryland Governor Wes Moore (D) have expressed their commitment to hold accountable any entities potentially responsible for the bridge's destruction.
Jets trade Zach Wilson to Broncos. Reactions and grades for Quarterback trade: The New York Jets traded quarterback Zach Wilson to the Denver Broncos on Monday ...
usatoday.com/story/sports/nfl/2024/04/22/zach-wilson-trade-reactions-grades-broncos-jets/73416604007/
Quick Glance: Zach Wilson Trade Notes: Jets Deal QB to Broncos before 2024 NFL Draft
- Nearly three years have passed since the New York Jets selected quarterback Zach Wilson as the second overall pick in the 2021 NFL Draft and are now officially trading the heavily criticized signal-caller to the Denver Broncos.
- At the age of 24, Wilson has been available since the beginning of the 2024 offseason, with the team's general manager, Joe Douglas, openly stating the intention to relocate the former first-round pick.
- In urgent need of quarterback reinforcements, the Broncos made significant roster moves by releasing veteran starter Russell Wilson before free agency and entering the draft with Jarrett Stidham leading the depth chart.
- By signing journeyman Tyrod Taylor as Aaron Rodgers' primary backup earlier this offseason, the Jets effectively indicated the conclusion of Zach Wilson's tenure with the team.
Tesla shares drop on price cuts in run-up to earnings: Tesla fell more than 3% in premarket trade on Monday, as its latest global price cuts fanned Wall Street ...
reuters.com/business/autos-transportation/tesla-shares-drop-price-cuts-run-up-earnings-2024-04-22/
ByteDance gets 24 hours to show EU a DSA risk assessment for TikTok Lite: TikTok owner ByteDance is facing fresh questions about its compliance with the European ...
techcrunch.com/2024/04/17/byedance-rfi-tiktok-lite/
Withdraw cash: Not cheap for trading: Just withdraw cash at the supermarket checkout - People in Germany are doing exactly that more and more often ...
zdf.de/nachrichten/wirtschaft/bargeld-auszahlung-kunden-nachteil-haendler-100.html
2024 NFL Draft rumors roundup: Trade rumors, news ahead of first round: The 2024 NFL Draft begins Thursday night with its first round. Here are all of the latest ...
usatoday.com/story/sports/nfl/draft/2024/04/25/nfl-draft-rumors-news-trade-picks/73450242007/
Quick Glance: Chicago Bears 2024 Draft Selections by Rounds Overview
- In the first round, Chicago selected Caleb Williams, QB, USC as the No. 1 overall pick from the Panthers. Williams is viewed as a potential savior for the team, possessing elite arm talent and mobility to make difficult throws.
- With the ninth pick in the first round, Chicago picked Rome Odunze, WR, Washington. Odunze, an All-American last year, is seen as a future co-WR1 with Moore.
- The Chicago Bears also had selections in the third round.
- They also had a pick in the fourth round, which came from the Eagles.
Breakingviews: TikTok’s fate matters only up to a point for Meta: The countdown clock is starting for TikTok, but Meta Platforms boss Mark Zuckerberg will only ...
reuters.com/legal/transactional/tiktoks-fate-matters-only-up-point-meta-2024-04-24/
Vikings trade up, draft QB J.J. McCarthy: Keep up with the latest news on the first round of the NFL draft with a focus on what’s happening with the Minnesota ...
startribune.com/nfl-draft-minnesota-vikings-first-round-picks-trades-news/600361721/
Sydney shopping centre attack: Death toll climbs to five: Multiple people were stabbed and one person was shot at the Westfield Shopping Centre on Saturday ...
euronews.com/2024/04/13/multiple-people-stabbed-and-1-person-shot-at-a-sydney-shopping-center-media-say
Quick Glance: Bondi Junction Shopping Centre Stabbing Victims
- Faraz Tahir, 30, fatally stabbed while working as a security guard by Joel Cauchi, 40.
- Five women and one man were killed, including Tahir, 30.
- Victims identified include Faraz Tahir, Ashlee Good, Dawn Singleton, and Jade Young.
- Three individuals remain critical, eight are stable, and one victim has been discharged.
China’s Economic Collision Course: As Growth Slows, Beijing’s Moves Are Drawing a Global Backlash
foreignaffairs.com/china/chinas-economic-collision-course
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US Congress moves ahead on bill to push TikTok's Chinese owner to sell: An effort to force TikTok's Chinese owner, ByteDance, to sell the social media app or ...
reuters.com/world/us/us-congress-moves-ahead-bill-push-tiktoks-chinese-owner-sell-2024-04-18/
Baltimore to open deeper channel for commercial ships starting Thursday: A deeper channel to allow commercial ships into and out of the Port of Baltimore is set ...
thehill.com/homenews/state-watch/4616760-baltimore-to-open-deeper-channel-for-commercial-ships-starting-thursday/
Myanmar’s Junta Recaptures Town That Was a Significant Gain for Rebels: Resistance soldiers were forced to leave Myawaddy, a key trading center on the border ...
nytimes.com/2024/04/24/world/asia/myanmar-junta-rebels-myawaddy.html
Sydney attack: Mum Ashlee Good, who died protecting baby, was 'beautiful person': Ashlee Good was killed and her nine-month-old baby injured during Joel Cauchi's ...
bbc.com/news/world-australia-68811243
House approves bill to possibly ban TikTok in the US within a year: Legislation that could ban TikTok in the US unless it cuts ties with its Chinese parent ...
scmp.com/news/china/article/3259773/house-approves-bill-possibly-ban-tiktok-us-within-year
Turkey's Erdogan in Iraq to push for reset of ties, cooperation against PKK: Turkish President Tayyip Erdogan said relations with Iraq were entering a new phase ...
reuters.com/world/middle-east/turkeys-erdogan-iraq-push-reset-ties-cooperation-against-pkk-2024-04-22/
ByteDance, TikTok shelled out $7 million on lobbying and ads to combat potential U.S. ban
cnbc.com/2024/04/23/bytedance-tiktok-spent-over-7-million-on-lobbying-ad-campaign-.html
Meta shares plunge as prolonged AI spending plans unnerve investors: Meta Platforms' shares plunged 14% in premarket trading on Thursday as the social media ...
reuters.com/technology/meta-shares-plunge-16-frankfurt-after-ai-spending-revenue-forecast-2024-04-25/
TikTok ban bill put on faster track through US Congress: Move to bundle divest-or-ban measure with foreign aid could compel Senate to act against Chinese-owned ...
ft.com/content/c980675b-65a4-4f64-ba5a-dd87fef4f39a
Donald Trump set to receive $1.25 billion worth of Trump Media stock in DJT earnout bonus
cnbc.com/2024/04/22/djt-trump-set-to-get-millions-more-trump-media-shares.html
Huawei's smart car tech offers automakers route to China sales: It's taken Huawei just four years to become a force in smart car technology ...
reuters.com/business/autos-transportation/huaweis-smart-car-tech-offers-automakers-route-china-sales-2024-04-26/
Sale or ban as a goal: US law against TikTok picks up speed: The US House of Representatives is following suit: Once again, Democrats and Republicans voted in ...
spiegel.de/netzwelt/apps/tiktok-us-gesetz-gegen-die-video-app-nimmt-fahrt-auf-a-1ad7dfba-1ef0-4b21-b9f5-6d517bf207bb
Solar firm SunPower to cut jobs, shut business segments: SunPower said on Wednesday it plans to cut jobs and shut certain business segments as part of a ...
reuters.com/business/energy/solar-company-sunpower-reduce-workforce-shut-business-segments-2024-04-24/
Trump megadonor John Paulson warns against ‘decoupling’ from China: Hedge fund billionaire is considered possible pick for Treasury secretary
ft.com/content/5a4cb6e6-61a9-47be-ad2f-894e155d58df
'How gold becomes guns': heist spotlights illegal US-Canada gun trade: The majority of handguns used in Canadian crimes come from the US, where gun laws are much ...
bbc.com/news/world-us-canada-68841961
Meta’s stock plunges on ‘aggressive’ AI spending plans: Shares in Meta plunged in premarket trading Thursday as the company’s plans to “invest aggressively” in ...
cnn.com/2024/04/25/investing/meta-stock-plunges-ai-spending/
Quick Glance: Meta Quarterly Results: Revenue Expectations Lowered, Stock Fell
- Meta's quarterly results exceeded expectations, but the revenue forecast for the next quarter was lowered.
- Despite successful ad business and increasing user numbers, Meta's stock experienced a drop of over 10 percent.
- Analysts caution about Meta's reduced revenue expectations for the second quarter, leading to investor skepticism.
- Zuckerberg plans to significantly increase investments in AI models in the coming years to enhance Meta's leading position in the artificial intelligence domain.
Chinese speculators super-charge gold rally: Huge bullish bets on Shanghai exchanges show growing clout of Asian traders in market for precious metal
ft.com/content/caefcd1a-3223-4cf4-bc80-349c5745b7ea
Billionaires race to buy TikTok after Chinese owners ordered to sell app — with Steve Mnuchin in the lead
nypost.com/2024/04/25/business/wall-street-and-tech-billionaires-race-to-buy-banned-tiktok/
UAE: Indians, Pakistanis among top investors in Sharjah property - News | Khaleej Times
khaleejtimes.com/uae/indians-pakistanis-among-top-investors-in-sharjah-property
Netflix slips after stopping subscriber tally report, downbeat Q2 revenue forecast
reuters.com/technology/netflix-slips-after-stopping-subscriber-tally-report-downbeat-q2-revenue-2024-04-19/
How the US could compete with China in Latin America: A draft bill before Congress offers a constructive alternative to finger-wagging and lecturing
ft.com/content/789b2754-950b-4665-bf2d-afec61cea0ea
Jack Smith urges Supreme Court to reject Trump's immunity claim: "No person is above the law"
axios.com/2024/04/09/jack-smith-supreme-court-trump-immunity
Quick Glance: Special Counsel Urges Supreme Court to Reject Trump's Immunity Claim
- The office of special counsel Jack Smith has filed a brief urging the Supreme Court to reject former President Donald Trump's appeal claiming immunity from prosecution in his 2020 election subversion case.
- Smith argues that Trump's immunity theory lacks historical precedent, contradicting the founders' vision of the country.
- The special counsel accuses Trump of suggesting presidents should be immune from prosecution for all criminal acts while in office, freeing them from crimes like bribery and murder.
- The Supreme Court is set to hear oral arguments on April 25, allowing Trump's team to respond to Smith's arguments in their upcoming brief.
Nets Rumors: Donovan Mitchell, Ben Simmons, Cam Thomas, Nic Claxton, Jordi Fernandez
hoopshype.com/lists/nets-rumors-donovan-mitchell-ben-simmons-cam-thomas-nic-claxton-jordi-fernandez/
Department stores must close: Association warns: without retail, "entire city centers will collapse"
n-tv.de/mediathek/videos/wirtschaft/Verband-warnt-Ohne-Handel-stuerzen-ganze-Innenstaedte-article24893694.html
TikTok Braces for US Law Requiring Bytedance to Sell — And New Legal Fight: After years of working to assure the US government that its popular social media app ...
bloomberg.com/news/articles/2024-04-22/tiktok-braces-for-us-law-requiring-a-sale-and-fresh-legal-fight
Senate passes TikTok ban: Once President Joe Biden signs it into law, as he's said he will, ByteDance will have 270 days to sell TikTok to an American company.
businessinsider.com/senate-passes-tiktok-ban-2024-4
Biden calls on trade rep to consider tripling tariffs on Chinese steel: The White House on Wednesday rolled out a slew of actions intended to protect the U.S ...
thehill.com/homenews/administration/4598293-biden-calls-on-trade-rep-to-consider-tripling-tariffs-on-chinese-steel/
Quick Glance: Biden vows to keep U.S. Steel in American hands
- President Joe Biden emphasized in a speech in Pittsburgh his commitment to keeping U.S. Steel in American hands and cracking down on unfair Chinese trade practices while lauding his successes in creating jobs and expanding manufacturing in the U.S.
- The United Steelworkers recently endorsed the president for re-election, and Biden has sided with the union in opposing the sale of U.S. Steel to Japanese company Nippon Steel Corp.
- The president announced plans to triple the existing tariffs on Chinese steel and aluminum to ensure fair competition for American workers, while speaking out against China's unfair trade practices.
- Despite a growing economy, perceptions of the economy remain Biden's major weakness, as critics question his policies and opponents highlight ongoing economic challenges.
Ringgit drops toward 26-year low as Bank Negara pledges support: The ringgit slipped to 4.78 per US dollar, putting it within a whisker of its Feb 21 low of 4 ...
straitstimes.com/business/ringgit-drops-toward-26-year-low-as-bank-negara-pledges-support
Why Biden wants to raise tariffs on Chinese steel: President Biden called for tripling the tariff rate on steel and aluminum imports from China Monday ...
thehill.com/business/4600625-why-biden-wants-to-raise-tariffs-on-chinese-steel/
Quick Glance: Joe Biden Calls for Significant Increase in Tariffs on Chinese Steel
- US President Joe Biden is pushing for an increase in tariffs on Chinese steel and aluminium to strengthen union support in the swing state of Pennsylvania.
- During a meeting with United Steelworkers union members in Pittsburgh, Biden calls on trade representative Katherine Tai to raise the tariffs from the current average of 7.5 percent.
- The main focus of the measures is to combat China's new export surge and the ongoing price pressure that makes it difficult for American steel companies to compete.
- The Biden administration's decision to increase tariffs is expected to impact recent efforts by Washington and Beijing to stabilize relations.
TikTok Divest-or-Ban Bill Moving on Fast Track Through Congress: TikTok is heading to its moment of truth in Washington, with Congress on a fast track to approve ...
bloomberg.com/news/articles/2024-04-17/tiktok-divest-or-ban-bill-moving-on-fast-track-through-congress
TikTok staff face big US tax bills on shares they cannot sell: Current and former employees of video app’s Chinese parent ByteDance in outcry over stock award ...
ft.com/content/18316e7c-accd-41dc-b469-1e8341e721fe
Quick Glance: TikTok Staff Grapple with US Tax Bills on Unsellable Shares
- Current and former Byte Dance employees express outrage over stock award liabilities.
- Byte Dance faces backlash from US employees over a stock awards program that prevents them from selling shares but exposes them to significant tax bills.
- Byte Dance responds to employee complaints, emphasizing compliance with US tax laws, but is not planning a large financing round to buy employee shares.
- Byte Dance's RSUs that vested last year led to substantial tax liabilities as many did not withhold enough shares to cover them, resulting in employees being unable to sell shares to cover their tax debts.
ByteDance extends employee share buyback programme to non-US workers: TikTok’s Chinese owner offers nearly $171 a share as US employees grow concerned about tax ...
ft.com/content/540985a4-6c20-4fac-b38b-52dd59d5f543
TikTok Divest-or-Ban Bill Expected to Become US Law Within Days: The US House on Saturday put legislation forcing TikTok’s Chinese parent ByteDance Ltd ...
bloomberg.com/news/articles/2024-04-20/tiktok-divest-or-ban-bill-expected-to-become-us-law-within-days
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