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Murdochs set to invest in TikTok US deal
Rupert and Lachlan Murdoch may join investors in acquiring TikTok’s US operations amid new legislation limiting China’s influence.
Rupert and Lachlan Murdoch may join investors in acquiring TikTok’s US operations amid new legislation limiting China’s influence.
Rupert and Lachlan Murdoch may join investors like Larry Ellison and Michael Dell in acquiring TikTok’s US operations, according to President Trump.
The potential deal comes after legislation passed in April 2024 aimed at limiting China’s influence over TikTok, which has 170 million American users.
#TikTok #Murdoch #Trump #Oracle #TechNews #SocialMedia
News
Jimmy Kimmel has returned to ABC screens
Jimmy Kimmel returns to screens, acknowledges controversy, receives standing ovation, and addresses divided ABC affiliates. #JimmyKimmel #LateNight #Trump
Jimmy Kimmel returns to screens, acknowledges controversy, receives standing ovation, and addresses divided ABC affiliates. #JimmyKimmel #LateNight #Trump
Jimmy Kimmel has returned to screens after being pulled from the air over remarks linked to the killing of conservative commentator Charlie Kirk. His comeback was met with a standing ovation and chants of his name from the studio audience.
The host acknowledged the controversy, admitting his comments may have been ill-timed, and broke into tears while stressing it was never his intention to make light of the tragedy. He thanked both his supporters and those who defended his right to speak despite disagreeing with him.
Kimmel’s return comes amid disputes between ABC affiliates, with some stations still refusing to air the programme. His comeback has also drawn the attention of Donald Trump, who celebrated the hiatus before the show went live.
#JimmyKimmel #LateNight #Trump #TickerNews
News
Tech stocks fall as gold reigns supreme
Markets retreated Monday, with the S&P 500 down 0.6% as tech giants fell and energy stocks gained.
Markets retreated Monday, with the S&P 500 down 0.6% as tech giants fell and energy stocks gained.
– Monday’s market activity declined due to lack of catalysts, with sellers dominating and equities falling.
– The S&P 500 dropped 0.6%, affected by selling pressure in tech and consumer sectors, while energy stocks rose.
A lack of catalysts led to a decline in market activity on Monday, as buyers withdrew and sellers dominated trading. While cash equity volumes remained steady, selling pressure was evident in stocks like Nvidia, Amazon, Meta, Tesla, and Microsoft. The absence of buyers resulted in equities falling under the weight of these selling flows.Markets reacted to comments from Federal Reserve officials, including Chair Jay Powell and Governor Michelle Bowman, but their remarks provided little new information for interest rates. Bowman expressed concerns about the Fed being behind the curve, citing a fragile labour market. Economic indicators such as the core PCE inflation and jobless claims may influence future Fed decisions.
Market Dynamics
The S&P 500 ended the day down 0.6%, reflecting selling dynamics after a flat trading start. The tech and consumer discretionary sectors lagged, while energy stocks gained. Treasury yields decreased, and a solid 2-year Treasury auction occurred with little impact from PMIs. Currency markets showed mixed results, with notable activity in Australian and Latin American forex pairs. In commodities, platinum rose significantly, raising questions about market trends, while gold faced minor profit-taking.
#StockMarket #TechStocks #SP500 #Nvidia #FederalReserve #Investing
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