Walmart Is Teaming Up With Microsoft On TikTok Bid
Walmart said it’s teaming up with Microsoft in a bid for TikTok. The retail giant confirmed to CNBC that it’s interested in buying the tech company. Walmart shares are up…
TikTok Likely To Announce Sale Of U.S. Operations In The Coming Days; Walmart Has Expressed Interest
TikTok is nearing a deal to sell its U.S. operations and could announce a deal in the coming days, according to people familiar with the matter. Kevin Mayer, TikTok’s CEO,…
Stocks Making The Biggest Moves In The Premarket: Hormel, Medtronic, Best Buy, Exxon & More
Hormel (HRL) – The food producer reported quarterly earnings of 37 cents per share, 3 cents a share above estimates. Revenue came in slightly above forecasts. Hormel said its retail…
Tesco To Create 16,000 More Permanent Jobs In Online Boom
Britain’s largest supermarket Tesco on Monday said it will create an additional 16,000 permanent jobs to support the exceptional growth in its online business and may even increase the number…
Exclusive: ByteDance Investors Seek To Use Stakes To Finance TikTok Bid
ByteDance investors are in talks to use their stakes in the Chinese technology firm to help finance their bid for its popular short-video app TikTok, according to people familiar with…
Zoom Video, Up 330% This Year, Could Have More Room To Run
One of the hottest stay-at-home stocks could be set for more upside, said Todd Gordon, managing director at Ascent Wealth Partners. Videoconferencing stock Zoom Video has already rallied nearly 330%…
Apple Fires Back In Court, Says Epic Games CEO Asked For Special Treatment
Apple responded to Epic Games’ lawsuit accusing it of anticompetitive behavior in how it controls the App Store, telling the court that the Fortnite maker violated Apple’s rules and shouldn’t…
Uber’s Former Security Chief Charged For Allegedly Concealing Data Breach
Uber’s former chief security officer has been charged with trying to conceal from federal investigators a 2016 data breach that exposed the information of 57 million users to hackers. A…
Facebook Wins Preliminary Approval To Settle Facial Recognition Lawsuit
Facebook Inc won preliminary approval late on Wednesday from a federal court for settlement of a lawsuit that claimed it illegally collected and stored biometric data of millions of users…
Exclusive: GM Bets On Electric Cadillacs And Micro-Vans To Reverse China Slide
General Motors (GM.N) is overhauling its Chinese line-up with a greater emphasis on electric cars and smart-driving technology to stem a slide in sales after more than two decades of…
Uber And Lyft Competitors Ready To Pounce If Service Is Suspended In California
Ride-hailing competitors to Uber and Lyft are already preparing to seize the moment if the industry leaders decide to pull their service in California while fighting a new labor law.…
Apple Tops $2 Trillion In Market Value
Apple Inc (AAPL.O) became the first publicly listed U.S. company with a $2 trillion stock market value on Wednesday, as Wall Street investors put aside challenges to its iPhone ecosystem…
Elon Musk’s SpaceX Raises $1.9 Billion In Funding
Billionaire Elon Musk’s SpaceX has raised $1.9 billion in new funding, according to a regulatory filing bit.ly/3178nk3 on Tuesday. would be the largest single fundraising round to date by SpaceX,…
Why Oracle’s Bid For TikTok Might Not Be As Crazy As It Sounds
Oracle’s bid to acquire TikTok’s U.S. business might not be as bizarre as it initially sounds, analysts told CNBC Tuesday. The enterprise software giant is said to be working with…
Trump Makes Another Attempt To Blame Amazon For Post Office Problems
President Donald Trump on Monday repeated his belief that Amazon is to blame for the U.S. Postal Service’s demise. “Amazon and other companies like it, they come and they drop…
Tech-Fuelled ‘Everything’s Awesome’ Rally Looks Unstoppable
Today’s $72 trillion question for investors: To buy or not to buy into the global equities rally? Notwithstanding inflated share prices, politics and the pandemic, the answer from many is…
Alibaba Shares Hold Up In Face Of Trump Threats
Shares in Chinese online retail giant Alibaba (BABA.N) ground out gains on Monday as profits for smaller peer JD.com buoyed expectations for its own results later this week, countering hint…
Amazon Investigated By German Watchdog For Abusing Dominance During Pandemic
Amazon is being investigated by German authorities for allegedly abusing its market position during the coronavirus pandemic. The investigation, being led by the German Federal Cartel Office, is looking at…
Walmart’s Flipkart Eyes Alcohol Delivery Foray With Indian Startup, Letters Show
Walmart’s (WMT.N) e-commerce platform Flipkart has partnered with a startup backed by spirits giant Diageo to deliver alcohol in two Indian states, according to government letters seen by Reuters, months…
Retailers Launch Coalition To Fight Counterfeits On Amazons
The Retail Industry Leaders Association (RILA), whose members include companies such as Walmart Inc and Target Corp, said on Friday it has joined over a dozen trade groups to form…
NSA, FBI Expose Russian Intelligence Hacking Tool
The U.S. National Security Agency and Federal Bureau of Investigation have exposed a sophisticated Russian hacking tool, they said on Thursday in a rare public report offering new insight on…
U.S. Federal Contract Ban Takes Effect For Companies Using Products From Huawei, O0thers
New regulations took effect on Thursday barring the U.S. government from buying goods or services from any company that uses products from five Chinese companies including Huawei Technologies, Hikvision and…
Uber CEO Says Its Service Will Probably Shut Down Temporarily In California If It’s Forced To Classify Drivers As Employees
Uber would likely shut down temporarily for several months if a court does not overturn a recent ruling requiring it to classify its drivers as full-time employees, CEO Dara Khosrowshahi…
Sumner Redstone, Billionaire Media Tycoon, Dead At Age 97
Sumner Redstone, the media mogul who built his family’s drive-in theater chain into a multibillion-dollar empire encompassing CBS and Viacom and later became the center of a jilted lover’s lawsuit…
Exclusive: U.S. ban on TikTok could cut it off from app stores, advertisers – White House document
President Donald Trump’s executive order banning China’s TikTok could prevent U.S. app stores from offering the popular short-video app and make advertising on the platform illegal, according to a White…
Tesla Announces Five-For-One Stock Split
Tesla announced a five-for-one stock split on Tuesday evening. The split goes into effect on August 31. Tesla shares rose more than 6% in post-market trading even though the stock…
Democrats Concerned By Facebook Oversight Board’s Limited Authority
Three Democratic members of the U.S. House of Representatives on Tuesday urged Facebook Inc to enact the policy recommendations of the company’s oversight board, empowering the independent group of advisers,…
Judge Blocks Uber, Lyft From Classifying Drivers As Contractors In California
A California judge on Monday granted the state’s request for a preliminary injunction blocking Uber Technologies Inc (UBER.N) and Lyft Inc (LYFT.O) from classifying their drivers as independent contractors rather…
For Microsoft, TikTok Could Bring Numerous Problems That Have Been Plaguing Facebook And Twitter For Years
If Microsoft were to complete an acquisition of TikTok, it would gain a company with much potential for advertising revenue growth. But with such a purchase, Microsoft would also take…
Facebook And Twitter Punish Trump Over Video Where He Says Children ‘Almost Immune’ To Covid-19
Facebook on Wednesday removed a a video interview posted on the account of President Donald Trump in which he said that children are “almost immune” from Covid-19. Twitter later followed…