Remember back in September when President Donald Trump signed an executive order that seemingly finalized some of the terms of a deal to spin off TikTok’s US business? Three months later, that same deal is apparently one step closer to being official. According to Bloomberg, TikTok CEO Shou Chew told employees that TikTok and ByteDance…
Samuel Boivin | Nurphoto | Getty Images TikTok CEO Shou Zi Chew told employees on Thursday that the company’s U.S. operations will be housed in a new joint venture. The entity is named TikTok USDS Joint Venture LLC, according to a memo sent by Chew and obtained by CNBC. As part of the joint venture,…
The financially struggling Trump Media & Technology Group’s shocking, $6 billion merger with a nuclear fusion developer represents either a bet on more taxpayer dollars being invested in the first fusion player to go public—soon owned in part by the Trump family—or a belief that an influx of capital will speed up the launch of…
The government’s long-delayed November inflation report appeared, at first glance, to deliver welcome news: Consumer prices rose only 2.7% from a year earlier, while core inflation cooled to 2.6%, the lowest reading in years. But for many economists, the numbers immediately raised red flags, especially on housing, the single largest component of inflation. “This is…
NEWYou can now listen to Fox News articles! Ukrainian President Volodymyr Zelenskyy on Wednesday called for the U.S. and other allies to respond to bellicose “signals” from Russia. “Today, we again heard signals from Moscow that they are preparing to make next year a year of war. These signals are not only for us. It…
President Donald Trump demanded Wednesday that Venezuela return assets that it seized from U.S. oil companies years ago, justifying anew his announcement of a “blockade” against oil tankers traveling to or from the South American country that face American sanctions. Trump cited the lost U.S. investments in Venezuela when asked about his newest tactic in a pressure campaign against…
As the 2026 midterm elections approach, the perceptive and pocketbook-focused American voter is concerned about one thing above all: the cost of living. According to a new report from Goldman Sachs chief U.S. political economist Alec Phillips, this economic frustration has placed President Trump’s aggressive tariff regime in the political and legal crossfire, creating a…
Hello, Term Sheeters. It’s Jessica Mathews, filling in for Allie this morning and giving you a little update on the latest happenings in Las Vegas. A few weeks ago, I filled you in on our latest reporting on Elon Musk’s $5.6 billion tunneling startup, the Boring Company. You may recall that Nevada’s state safety regulator…
President Donald Trump delivered a politically charged speech Wednesday carried live in prime time on network television, seeking to pin the blame for economic challenges on Democrats while announcing he is sending a $1,776 bonus check to U.S. troops for Christmas. The remarks came as the nation is preparing to settle down to celebrate the holidays, yet Trump was…
This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse. Subscribe here. The big story India-U.S. relationship looked set to reach new heights at the start of 2025. Prime Minister Narendra Modi was among the earliest foreign leaders to meet the newly elected…