Trump signs order to create sovereign wealth fund that could buy TikTok

These Chinese apps have surged in popularity in the U.S. A TikTok ban could stop them in their tracks

A law that could see TikTok shut down in the U.S. threatens to ensnare other Chinese social media apps gaining traction in the country, legal experts say.

CNBC - Jan. 15

Trump says he'll create "External Revenue Service" to collect tariffs

The federal government already collects tariffs, and deposits them in the General Fund of the United States.

CBS News - Jan. 14

Will China Let Elon Musk Buy TikTok?

As the popular video app faces a ban in the United States, Chinese officials are said to be weighing options to save it — including a sale to the tech mogul.

The New York Times - Jan. 14

Biden Trump-proofs $74bn in climate funding but $20bn remains vulnerable

Allocation of funds from Inflation Reduction Act makes it harder for president-elect to halt green initiatives. The Biden administration has raced to allocate $74bn of funding for climate ...

The Guardian - Jan. 14

Who Might Buy TikTok? These Are Five Potential Buyers If the Supreme Court Rules Against It

One group calls itself the People’s Bid for TikTok and says it will restructure the social media company to collect less data on users.

Inc. - Jan. 13

TikTok ban could create a valuable prize: users’ brain space

For Mark Zuckerberg the biggest coup would be to buy the video app outright

Financial Times - Jan. 13

How Trump could break Bitcoin

Donald Trump's promise to turn the U.S. into a global hub for cryptocurrency innovation and his proposal to create a Bitcoin strategic reserve could lead to increased government oversight, ...

The Hill - Jan. 12

Trump Wants to Buy Greenland, But How Much Would It Actually Cost?

President-elect Donald Trump wants to buy the territory from Denmark, which says it’s not for sale. DealBook asked experts how they’d approach the deal.

The New York Times - Jan. 11

TikTok ban goes before Supreme Court. Here’s where the app’s $10 billion in ad revenue could go if it dies.

The end of TikTok in the U.S. could mean a sizeable boost for its publicly traded American competitors.

MarketWatch - Jan. 11

Trump's Talk of Buying Greenland Energizes Island's Independence Movement

Many in the sprawling Danish territory don’t want to sell to the U.S., but they are open to the idea of a closer relationship.

The Wall Street Journal - Jan. 11

Biden buys time for immigrants ahead of Trump inauguration

The Biden administration on Friday bolstered a key humanitarian program for immigrants, buying time for beneficiaries before President-elect Trump is sworn in. The Department of Homeland Security ...

The Hill - Jan. 10

Supreme Court Seems Poised to Uphold Law That Could Ban TikTok

The justices are expected to rule quickly in the case, which pits national security concerns about China against the First Amendment’s protection of free speech.

The New York Times - Jan. 10

Supreme Court seems likely to uphold law that could ban TikTok in US

The Supreme Court appears inclined to uphold a law that would ban the video-sharing app TikTok in the U.S. after Jan. 19 unless its China-owned parent company divests.

ABC News - Jan. 10

Supreme Court leans toward upholding law that could ban TikTok

The fate of a law that would likely ban social media platform TikTok in the United States goes before the Supreme Court as the justices consider whether to block it.

NBC News - Jan. 10

TikTok ban: supreme court appears inclined to uphold law that could see app barred in US – live

Justices appear skeptical of TikTok owner’s arguments after Chinese-based parent company ByteDance asked court to review case. How would a TikTok ban in US work? TikTok maintains it is not ...

The Guardian - Jan. 10

TikTok warns it could ‘go dark’ as Supreme Court weighs divest-or-ban law

Justices question ByteDance-owned platform’s free-speech argument as it tries to halt looming deadline

Financial Times - Jan. 10

TikTok could shut down unless Supreme Court blocks or delays U.S. ban

Court to hear arguments Friday on law forcing TikTok sale by Chinese parent company that takes effect in Jan. 19.

CBS News - Jan. 9

New York governor wants to limit hedge funds from buying up homes

New York Gov. Kathy Hochul says she will push for new laws to make it harder for hedge funds to purchase large numbers of single-family homes in the state

ABC News - Jan. 9

Microsoft contributes $1 million to Trump's inauguration fund

Microsoft would like President-elect Donald Trump to make sure that U.S. artificial intelligence policy in the next four years will support its goals.

CNBC - Jan. 9

Google and Microsoft donate $1m each to Trump’s inaugural fund

Tech giants follow footsteps of other major companies, including Amazon, Meta, OpenAI and Uber. Google and Microsoft have donated $1m each to Donald Trump ’s inauguration fund, following in ...

The Guardian - Jan. 9

Why a 5% 10-year Treasury yield could be a buying opportunity

Investors may look back and “see points in time” when Treasury yields were approaching 5% and investors should have been buying, according to PGIM’s head of global bonds.

MarketWatch - Jan. 9

Denmark Updates Coat of Arms Amid Trump Push to Buy Greenland

Before President-elect Donald Trump’s latest remarks, King Frederik X signaled his commitment to the territory in a decidedly old-fashioned way.

The New York Times - Jan. 8

Jim Cramer says Nvidia's pullback could be a good chance to buy

CNBC's Jim Cramer extolled Nvidia's stock and reviewed its Tuesday action, saying the decline was unrelated to the company and its prospects.

CNBC - Jan. 8

Mohamed Salah future: If Liverpool legend doesn't sign contract extension, where could he end up?

There are reasons why Real Madrid, Barcelona and Bayern Munich don't make any sense

CBS Sports - Jan. 7

Evening Report — Trump vows to reshape global order

👨🏼‍⚖️Plus: Trump praises one judge, blasts another {beacon} Evening Report © AP Trump promises a global shakeup PRESIDENT-ELECT TRUMP on Tuesday vowed to upend the global order, promising big ...

The Hill - Jan. 7

Johnson says no cuts to Social Security and Medicare to fund Trump's agenda

House Speaker Mike Johnson said cuts to Social Security and Medicare won't be part of the legislative plan being worked out to fund President-elect Donald Trump's agenda.

ABC News - Jan. 7

Greenland ‘not for sale’, says Danish PM after Trump call for US to buy it

US president-elect’s renewed interest in Arctic island poses challenge for Denmark’s government

Financial Times - Jan. 7

Hims & Hers donates $1 million to Trump's inauguration fund

OpenAI CEO Sam Altman and Meta both announced $1 million donations, and Amazon and Apple CEO Tim Cook have also reportedly contributed.

CNBC - Jan. 7

Trump backtracks from 'one big, beautiful bill' to fund his agenda

After nearly derailing a spending bill last month, Trump continues to shake up business on Capitol Hill, shifting positions on how Republicans should fund his policies.

ABC News - Jan. 6

FirstFT: Private equity to lobby Trump as industry seeks to tap retirement funds

Also in today’s newsletter, China’s equity markets extend poor start to the year and accountancy’s Gen Z problem

Financial Times - Jan. 6

Private equity to lobby Trump for access to savers’ retirement funds

Industry hopes incoming administration will open long-restricted private investments to individual investors