Money
Microsoft challenges Amazon NSA cloud contract
Microsoft has filed a protest against the National Security Agency in the US, challenging its award of a cloud computing contract
Microsoft is disputing the NSA’s decision to award the $10 billion contract to Amazon.
The NSA contract to Amazon comes on the heels of the Pentagon’s decision to cancel its $10 billion cloud contract.
A Microsoft spokesperson released a statement stating:
“Based on the decision we are filing an administrative protest via the Government Accountability Office. We are exercising our legal rights and will do so carefully and responsibly.”
Amazon Web Services, the company’s cloud computing unit, referred questions to the NSA.
The lucrative JEDI cloud contract was intended to modernise the Pentagon’s IT operations for services rendered over as many as 10 years.
Did Trump have a role to play?
A month later, AWS filed a lawsuit in the U.S. Court of Federal Claims protesting the JEDI decision.
The company argued former President Donald Trump’s bias against Amazon and its then-CEO, Jeff Bezos, influenced the Pentagon to give the contract to Microsoft.
Last year, the Pentagon’s inspector general released a report saying the award didn’t appear to be influenced by the White House.
Money
S&P 500 and Nasdaq rally ahead of Fed meeting and earnings
S&P 500 and Nasdaq rise for fourth session as investors await earnings and Fed meeting, marking longest gain since December.
S&P 500 and Nasdaq rise for fourth session as investors await earnings and Fed meeting, marking longest gain since December.
The S&P 500 and Nasdaq have climbed for the fourth consecutive session as investors brace for upcoming earnings reports and a Federal Reserve meeting.
Both indexes reached their highest levels in over a week, marking the longest series of gains since December.
#StockMarket #SP500 #Nasdaq #TechStocks
Money
U.S. and China approve TikTok sale to American investors
US and China approve TikTok’s sale to Oracle and Silver Lake amid regulatory scrutiny, with ByteDance retaining 20%.
US and China approve TikTok’s sale to Oracle and Silver Lake amid regulatory scrutiny, with ByteDance retaining 20%.
The United States and China have officially approved a deal for TikTok’s US operations to be sold to American investors, led by Oracle and Silver Lake.
This marks a major shift in the social media landscape as the platform navigates increasing regulatory scrutiny.
Under the new agreement, ByteDance will retain just under 20% of TikTok US, while Oracle and Silver Lake will each take 15% stakes. Other investors will also participate, forming a structure designed to satisfy both commercial and regulatory demands.
The new US-based entity will have a majority American board tasked with overseeing data protection and content moderation. Despite these safeguards, concerns remain about ByteDance’s influence and whether the deal fully complies with recent legislation.
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#TikTokSale #USChinaDeal #Oracle #SilverLake #ByteDance #TechNews #SocialMedia #DataProtection
Money
Markets tumble as Trump tariffs, Greenland rhetoric and Europe backlash collide
U.S. stocks plummet over 800 points amid renewed tariff threats and political tensions from Trump, sparking global trade concerns.
U.S. stocks plummet over 800 points amid renewed tariff threats and political tensions from Trump, sparking global trade concerns.
U.S. equities took a sharp hit as markets reacted to renewed tariff threats and heightened political rhetoric from President Donald Trump. The Dow plunged more than 800 points, with the S&P 500 and Nasdaq also sliding as investor nerves rattled risk assets.
The sell-off highlights growing concern around global trade tensions and geopolitical uncertainty, with markets struggling to price in what comes next for U.S. economic leadership and policy direction.
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#USMarkets #WallStreet #TrumpTariffs #GlobalMarkets #USDebt #Europe #Davos #Ticker
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