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TikTok service restoration efforts underway amid U.S. law

TikTok restores service after Trump intervention; seeks deal for U.S. ownership amid app’s ban for national security.

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TikTok restores service after Trump intervention; seeks deal for U.S. ownership amid app’s ban for national security.

TikTok announced on Sunday that it is working to restore service in the U.S. after the app went inactive for American users due to a new law.

The statement thanked former President Trump for his support and indicated that the company aims to negotiate a long-term solution with the incoming president.

On Truth Social, Trump encouraged companies to assist in keeping TikTok operational, stating that his order would delay the law’s prohibitions and facilitate negotiations to address national security concerns.

He also mentioned that companies helping to prevent TikTok from ceasing operations would not face any liability prior to his order, responding to TikTok’s request for assurance from the Biden administration.

Service was halted for 170 million users following a law that mandated TikTok to divest from its Chinese ownership or cease operations in the U.S. This unprecedented government action affected numerous American businesses and social media users dependent on TikTok.

Users encountered messages indicating that the app was not available, and it could no longer be downloaded from major app stores. TikTok communicated that a law banning the app was enacted, urging users to stay informed about potential reinstatement.

Trump proposed a solution involving a 50% U.S. ownership stake in a joint venture, though he did not elaborate on the specifics. He stated that this approach would safeguard TikTok’s future in the American market.

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Wall Street wobbles as RBA and Tesla face tests

Global markets are unsettled by Wall Street’s downturn, inflation in Australia, and key U.S. tariff decisions.

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Global markets are unsettled by Wall Street’s downturn, inflation in Australia, and key U.S. tariff decisions.


Global markets are jittery amid a Wall Street sell-off, renewed inflation pressure in Australia, and high-stakes decisions on U.S. tariffs and Elon Musk’s Tesla pay deal.

Capital.com’s Kyle Rodda breaks down the risks and reactions shaping the week ahead.

#Markets #WallStreet #RBA #Tesla #ElonMusk #Inflation #Trade #Finance #Economy #CapitalCom


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Bitcoin crash shakes global markets

Bitcoin’s drop below $100K triggers $45B in long-term selling, affecting global markets; insights from David Scutt on future trends.

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Bitcoin’s drop below $100K triggers $45B in long-term selling, affecting global markets; insights from David Scutt on future trends.


Bitcoin’s slide below $100,000 has sent shockwaves through global markets, with $45 billion in long-term holdings sold and risk assets tumbling.

David Scutt from StoneX breaks down what’s driving the sell-off — and where markets go next.

#Bitcoin #CryptoCrash #Markets #RiskAssets #CryptoNews #FedPolicy


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Putin and Xi tighten alliance amid Western pressure

Russia and China solidify ties with a new investment deal, increasing energy and tech cooperation amid U.S. sanctions.

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Russia and China solidify ties with a new investment deal, increasing energy and tech cooperation amid U.S. sanctions.


Russia and China have deepened their strategic partnership, signing a new investment protection deal and expanding cooperation across energy and technology.

The move comes as U.S. sanctions on Moscow intensify.

#Russia #China #Putin #XiJinping #Trade #Sanctions #Geopolitics #Energy #Diplomacy #WorldNews


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