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FCC Commissioner calls for TikTok ban

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FCC Commissioner

FCC Commissioner calls for urgent TikTok ban amid national security risks

FCC Commissioner, Brendan Carr has called for U.S. Council on Foreign Investment in the U.S. to apply pressure Congress to ban TikTok.

It comes amid ongoing concerns of risks to national security and the use (or misuse) of user data.

Concerns surrounding TikTok have continued to grow in line with its rapid adoption rate with the platform downloaded more than 200 million times within the U.S.

Security fears originate from TikTok’s parent company, ByteDance, being a Chinese Owned company.

However, TikTok is currently in negotiations to see if can be dismantled by its Chinese company.

They are also suggesting it be transferred to a U.S. company so that it can continue to legally operate throughout the United States.

An agreement has not yet been reached with Department of Justice official Lisa Monaco citing concerns over a strong link to Beijing still inherent in the current deal proposal.

Commissioner Carr stated in relation to TikTok’s bid to continue to operate in the U.S.,

“I don’t believe there is a path forward for anything other than a ban.”

Credit: TelecomTV

TikTok hits back

Now, TikTok has hit back at the claims by commenting,

“Commissioner Carr has no role in the confidential discussions with the U.S. government related to TikTok and appears to be expressing views independent of his role as an FCC commissioner.

We are confident that we are on a path to reaching an agreement with the U.S. Government that will satisfy all reasonable national security concerns.

TikTok has repeatedly denied providing any user data to the Chinese Government claiming data is stored outside of China.

However, recent reports have suggested TikTok employees have accessed personal, non-public available user data.

There are also concerns they’re pushing pro-Beijing messaging to U.S. users.

At this stage it seems TikTok will continue to operate in the United States.

This is despite the ongoing calls for the platform to be banned.

Dr. Karen Sutherland, University of the Sunshine Coast  & Dharana Digital contributed to this report. 

Dr Karen Sutherland is a Senior Lecturer at the University of the Sunshine Coast where she designs and delivers social media education and research. Dr Sutherland is also the Co-Founder and Social Media Specialist at Dharana Digital marketing agency focused on helping people working in the health and wellness space.

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US dollar strength hits NZ dollar amid FX market shifts

US dollar rises amid strong US growth; New Zealand faces pressure as traders navigate volatile FX and geopolitical impacts.

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US dollar rises amid strong US growth; New Zealand faces pressure as traders navigate volatile FX and geopolitical impacts.


The US dollar is surging as strong economic growth in the United States contrasts with softer conditions in New Zealand. Policy divergence and complex global FX factors are putting pressure on the New Zealand dollar, leaving traders navigating choppy waters.

Steve Gopalan from SkandaFX breaks down how US interest rates are influencing key currency pairs like USD/JPY, and explains why hedging flows are crucial in today’s volatile environment.

We also explore the ripple effects of geopolitical tensions on oil and broader markets, while examining the Australian labour market’s role in shaping the Reserve Bank of Australia’s monetary policy.

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Oil hits seven-month high, and gold surpasses $5,000 amid US-Iran tensions

Oil prices hit seven-month high amid U.S.-Iran tensions; experts analyze impacts on global economy and energy markets.

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Oil prices hit seven-month high amid U.S.-Iran tensions; experts analyze impacts on global economy and energy markets.


Oil prices have surged to a seven-month high as escalating tensions between the U.S. and Iran spark fears of global supply disruptions. The Strait of Hormuz remains a flashpoint, with analysts closely monitoring potential military actions that could further strain energy markets.

Investors are reacting to geopolitical uncertainty, with oil markets pricing in heightened risk.

Kyle Rodda from Capital.com joins us to discuss what is driving these record-breaking price movements and the potential implications for the global economy.

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Australia jobs, market trends, and tariff ruling: What investors need to know

Australia’s jobs report shapes rate forecasts, with cyclical assets favored amid market volatility and upcoming Supreme Court rulings on tariffs.

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Australia’s jobs report shapes rate forecasts, with cyclical assets favored amid market volatility and upcoming Supreme Court rulings on tariffs.


Australia’s latest jobs report is shaping market expectations and interest rate forecasts. Strong employment growth could boost confidence in the economy, while weaker data might prompt a rethink of monetary policy.

Investors are favouring cyclical assets over growth stocks, targeting sectors like industrials, materials, and energy. David Scutt from StoneX notes this reflects both caution amid market volatility and a bet on areas tied to economic cycles.

Meanwhile, the upcoming Supreme Court ruling on Trump’s reciprocal tariffs could significantly impact markets, yet many are overlooking its potential effects on trade, commodity prices, and sector valuations. Investors should prepare for possible volatility and adjust strategies accordingly.

#AustraliaJobs #InterestRates #CyclicalAssets #GrowthStocks #MarketInsights #TrumpTariffs #InvestorTrends #TickerNews


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