One of the most popular social media apps in the country will disappear from U.S. app stores this weekend. And TikTok says it’s ready to pull the plug after the Supreme Court upheld the law banning the app unless its Chinese parent company, ByteDance, sells its U.S. operations. Here’s what to know, including why the ban is…
With the Supreme Court’s move Friday to uphold a ban on video sharing app TikTok, the social media app could be shut down as soon as Sunday. There’s still some uncertainty about TikTok’s future after the court denied parent company ByteDance’s argument that a ban on the app infringes on users’ free speech. That’s because…
Wall Street opened in the green ahead of Donald Trump’s return to the White House on Monday. President-elect Trump’s inauguration is Monday, and his first days are expected to be filled with a flurry of executive orders on day one. “Reports suggest 100 or more,” wrote Morgan Stanley analysts in a report. Any signals of…
TikTok may be banned in the U.S. on Sunday ― not because of the app’s addictive nature, but for user privacy concerns. In 2024, President Joe Biden signed the Protecting Americans From Foreign Adversary Controlled Applications Act. This gave the platform 165 days to separate from ByteDance, its parent company operated by China. The app…
U.S. stocks dipped in early trading, taking a breather after the major stock indexes posted the largest daily percentage gain since Nov. 6 since Nov. 6 on Wednesday, amid cooling inflation and strong bank earnings. Investors mostly shrugged off a weaker-than-expected gain in December retail sales and a higher-than-expected jump in weekly unemployment claims. The…
An enormous Blue Origin rocket meant to challenge SpaceX in regularly deploying satellites and other cargo into orbit underwent its inaugural flight test Thursday morning from Cape Canaveral, Florida. The New Glenn rocket, developed by the space technology company owned by billionaire Amazon founder Jeff Bezos, had been rolled out days ago to the launch…
With less than one month until TikTok could be banned in the United States, a billionaire is tossing his hat into the ring as a potential buyer. Frank McCourt, founder of Project Liberty and executive chairman of McCourt Global, announced last week that he is building a group of associates to purchase TikTok in order…
Wall Street clawed back some of Wednesday’s steep losses after the Federal Reserve pulled back its forecast for rate cuts next year. The Fed lowered its benchmark, short-term fed funds rate late Wednesday by a quarter percentage point, as expected, but pared back its forecast for rate cuts next year. It only expects to cut…
China expanded its visa-free transit policy to allow citizens from 54 countries, including the U.S., to visit for up to 10 days without a visa. Travelers must be traveling from China to a third country (region) to be eligible. Those staying longer than 10 days or visiting China as their sole destination will still need…
The stock market swooned Wednesday in response to a piece of news that might not seem all that dire on first read: The Federal Reserve could cut interest rates fewer times than experts had predicted, in 2025. The Dow Jones Industrial Average shed 2.6%, or 1,123 points, closing at 42,327. The S&P 500 lost nearly…