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Trump says TikTok sale can go through but only if the US gets a cut (CNN Business) After days of whiplash over the future of TikTok, President Donald Trump said he would allow an American company to acquire the short-form video app — with a catch. Trump on Monday set September 15 as the deadline for TikTok to find a ...
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Refiners Retrench as Demand For Gasoline, Jet Fuel Shrivels U.S. fuel makers slashed production during the second quarter as they reeled from a historic decline in demand for gasoline and jet fuel. Long a bright spot in the oil patch, refiners such as Valero Energy Corp., Marathon Petroleum Corp. MPC 0.32% and ...
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Trump says US Treasury should collect 'very substantial' portion of TikTok sale to American firm President Trump on Monday suggested that the U.S. Treasury should collect a portion of the potential sale of the social media company TikTok, although it was unclear under what authority the White House could demand such a payment. Support our ...
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Why investors should care about the fate of TikTok A version of this story first appeared in CNN Business' Before the Bell newsletter. Not a subscriber? You can sign up right here. London (CNN Business) What happens to TikTok isn't just a question for its millions of American users. The short-form video app, ...
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Microsoft's Talks to Buy TikTok's US Operations Raise Ire in China Washington's ultimatum to the Chinese owner of TikTok—sell the app's U.S. operations or leave the country—is hardening long-held suspicions in China that the U.S. aims to sabotage the country's efforts to grow its technology, while raising concerns about ...
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US Stock Futures Edge Up to Start the Month U.S. stock futures drifted higher Monday, as investors weighed heightened geopolitical tensions and halting steps toward a new coronavirus relief package. Futures tied to the S&P 500 ticked up 0.5%, suggesting the benchmark could rise after the opening ...
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Commerzbank Appoints New Chairman, Defying Big Investor Cerberus German lender Commerzbank AG CRZBY 2.17% appointed former state bank executive Hans-Jörg Vetter as its new chairman on Monday, ignoring opposition from its second largest shareholder, Cerberus Capital Management. Mr. Vetter's appointment ...
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Dollar gains as investors unwind positions after weakest month in a decade NEW YORK (Reuters) - The dollar was up against a basket of currencies on Monday as investors unwound some recent short positions following the currency's weakest monthly performance in a decade. A U.S. Dollar banknote is seen in this illustration taken ...
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Japan's Seven & i seals $21 billion deal for Marathon Petroleum's Speedway gas stations (Reuters) - The Japanese owner of 7-Eleven convenience stores has agreed to buy Marathon Petroleum Corp's (MPC.N) Speedway gas stations for $21 billion, brushing aside coronavirus concerns to return to the table five months after initially baulking at the ...
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GLOBAL MARKETS-Dollar, equities gain on upbeat manufacturing data (Adds oil, gold settlement prices). * Shares gain as tech shines on Microsoft-TikTok talks. * Asia ex-Japan dips, Nikkei aided by yen pullback. * Caixin China PMI beats forecasts at 52.8. * Gold reaches new peak, eyeing $2,000 level. By Herbert Lash.
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