Money
The happiest place on Earth has now reopened
After being closed for more than a year, the happiest place on earth is welcoming visitors once again.
On Friday at 8 AM local time, California’s Disneyland reopened with a limited capacity and a string of new safety measures to help protect guests and staff.
The theme park in Anaheim, California closed back in March 2020 due to the coronavirus pandemic.
For now, only local California residents are permitted to visit the park, due to current regulatory requirements.
“Until further clarification from the state, only California residents are allowed to visit the Disneyland Resort theme parks, in groups no larger than three per household”
Disneyland press statement
Additional health and safety measures are also in place, including the use of masks, cashless transactions and capacity limitations at attractions.
After a 13-month closure, fans were literally left in tears when Mickey opened the gates with Walt Disney Company Executive Chairman, Bob Iger.
The closure of the parks over the course of the pandemic has also led to mass redundancies – with the company letting go of more than 32,000 employees worldwide.
Disneyland’s unions have pushed California Governor Gavin Newsom to reopen the parks as COVID-19 cases continue to drop throughout the United States.
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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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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Money
Gold hits record highs as investors flee risk
Gold surges amid global uncertainty, with February futures rising 1.71% to $4,674.20 per ounce, signaling safe-haven demand.
Gold surges amid global uncertainty, with February futures rising 1.71% to $4,674.20 per ounce, signaling safe-haven demand.
Gold is shining brighter than ever as investors flock to safe-haven assets amid global uncertainty. U.S. gold futures for February delivery jumped 1.71% to $4,674.20 per ounce, while spot gold rose 1.6% to $4,668.14.
The surge comes as geopolitical tensions continue to worry traders, prompting a rush into metals perceived as stable and secure. Analysts say gold is proving its status as the ultimate hedge during turbulent times.
Investors are closely watching markets as gold sets new benchmarks, signalling growing caution across the financial landscape.
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