Joe Biden
ByteDance, TikTok seek temporary halt to U.S. ban pending Supreme Court review
Justin Sullivan | Getty Images China-based ByteDance and its short-video app TikTok on Monday asked an appeals court to temporarily block a law that would require that parent company ByteDance divest TikTok by Jan. 19 or face a ban, pending a review by the U.S. Supreme Court. The companies filed the emergency motion with the […]
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5 things to know before the stock market opens Monday
Here are the most important news items that investors need to start their trading day: 1. Dow drags Major U.S. stock indexes enjoyed another strong stretch last week – except for the Dow Jones Industrial Average. The S&P 500 and Nasdaq Composite both had their third straight positive week, climbing 1% and 3.3%, respectively, to […]
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Biden says U.S. will support Syria and its neighbors after Assad dynasty collapses
U.S. President Joe Biden delivers remarks from the Rose Garden of the White House in Washington, U.S., November 26, 2024. Nathan Howard | Reuters President Joe Biden cheered the toppling of Syria’s dictatorship in remarks on Sunday, but he warned about the uncertainty during the country’s political transition. “It’s a moment of historic opportunity for […]
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Trump is stacking his White House roster with uber-rich backers
U.S. President-elect Donald Trump greets Elon Musk before attending a viewing of the launch of the sixth test flight of the SpaceX Starship rocket, in Brownsville, Texas, U.S., November 19, 2024. Brandon Bell | Via Reuters Donald Trump’s first administration was chock full of super-rich figures whose combined wealth exceeded $5 billion, marking an unprecedented […]
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U.S. unveils $988 million aid package for Ukraine including rockets and drones
U.S. Defense Secretary Lloyd Austin testifies before a U.S. House Appropriations Defense Subcommittee hearing on President Biden’s proposed budget request for the Department of Defense, on Capitol Hill in Washington, March 23, 2023. Michael A. McCoy | Reuters The United States unveiled a $988 million aid package of new arms and equipment to Ukraine for […]
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Trump receives a Paris welcome full of presidential pomp from France’s Macron
French President Emmanuel Macron welcomed Donald Trump to Paris on Saturday with a full a dose of presidential pomp as the two men resumed the relationship they established during Trump’s first term after a four-year hiatus. Trump, the once and future American president, said the two would be discussing a world that’s gone “a little […]
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Meta shares rise on potential TikTok ban in U.S., closing at record alongside Amazon
Mark Zuckerberg, CEO of Meta Platforms Inc., arrives for the Meta Connect event in Menlo Park, California, on Sept. 25, 2024. David Paul Morris | Bloomberg | Getty Images Meta shares continued their extended rally on Friday, rising 2.4% and closing at a record after a federal appeals court upheld a law requiring China’s ByteDance […]
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Trump may cancel U.S. Postal Service electric mail truck contract: Reuters sources
The United States Postal Service unveils two of its battery-powered vehicles at an event announcing its plan on implementing electric vehicles, at the Postal Service Headquarters on December 20, 2022 in Washington, DC. Kevin Dietsch | Getty Images Donald Trump’s transition team is considering canceling the United States Postal Service’s contracts to electrify its delivery […]
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TikTok divestment law upheld by federal appeals court
A federal appeals court on Friday upheld a law requiring China-based ByteDance to sell TikTok or face an effective ban in the United States. The ruling by the U.S. Court of Appeals in Washington, D.C. rejected TikTok’s argument that the ban, signed into law by President Joe Biden in April, is unconstitutional and violates the […]
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Wealthy Americans are still ducking the IRS crackdown on non-filers
WASHINGTON — Tens of thousands of wealthy Americans are not complying with recently revamped Internal Revenue Service efforts to get them to file tax returns, according to data obtained exclusively by CNBC. A quirk in federal tax law may be incentivizing wealthy people who want to avoid paying taxes to simply not file their returns. […]
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