The twists around Tiktok
Trump may let Tiktok stay around for a while after election success
Trump may let Tiktok stay around for a while after election success
US President-elect Donald Trump is signaling that he wants to let Tiktok stay around for at least a while longer after the platform helped him in the presidential election, writes Reuters.
– I think we need to think about it, because you know, we were on Tiktok, and we got a fantastic response with billions of views, billions and billions of views, Trump says according to the news agency.
When his staff showed him the number of views, Trump's reaction was that "we might have to keep this thing around for a while longer", Trump continues.
Owner Bytedance must sell its American share of Tiktok - otherwise the app will be banned in the US on January 19.
Democrats: Republicans Protect Musk's Interests in ChinaEconomy
Democrats in Congress accuse Republicans of bowing to Elon Musk when they stopped a bipartisan budget proposal that would have regulated American investments in China, writes CNBC.
Democrat Jim McGovern claims on X that the proposal was shot down because it would have harmed Elon Musk's interests in China, where he has a Tesla factory, among other things.
Rosa DeLauro also criticizes Musk's dependence on the Chinese government in a letter to Congress, writes CNBC. Musk responded by calling her "this horrible creature" on X.
Instead, Congress passed a proposal on Saturday to avoid a shutdown of federal agencies where China regulations had been lifted.
– I think we need to think about it, because you know, we were on Tiktok, and we got a fantastic response with billions of views, billions and billions of views, Trump says according to the news agency.
When his staff showed him the number of views, Trump's reaction was that "we might have to keep this thing around for a while longer", Trump continues.
Owner Bytedance must sell its American share of Tiktok - otherwise the app will be banned in the US on January 19.
Democrats: Republicans Protect Musk's Interests in ChinaEconomy
Democrats in Congress accuse Republicans of bowing to Elon Musk when they stopped a bipartisan budget proposal that would have regulated American investments in China, writes CNBC.
Democrat Jim McGovern claims on X that the proposal was shot down because it would have harmed Elon Musk's interests in China, where he has a Tesla factory, among other things.
Rosa DeLauro also criticizes Musk's dependence on the Chinese government in a letter to Congress, writes CNBC. Musk responded by calling her "this horrible creature" on X.
Instead, Congress passed a proposal on Saturday to avoid a shutdown of federal agencies where China regulations had been lifted.
US dominance on the stock market is predicted to continue - Europe's large companies are lagging behind
European large companies have had a tough year on the stock market and are lagging behind their American counterparts. Forecasts for 2025 point to continued dominance by Wall Street, writes Bloomberg.
Novo Nordisk, Nestlé and LVMH are among Europe's largest companies that have fallen, and the Stoxx Europe 600 index is heading for its worst year against the S&P500 in almost 25 years.
- The Magnificent Seven played a decisive role in the S&P 500's development. Europe also has large companies, but the difference in size is enormous, says Morningstar strategist Michael Field to the news agency.
European large companies have had a tough year on the stock market and are lagging behind their American counterparts. Forecasts for 2025 point to continued dominance by Wall Street, writes Bloomberg.
Novo Nordisk, Nestlé and LVMH are among Europe's largest companies that have fallen, and the Stoxx Europe 600 index is heading for its worst year against the S&P500 in almost 25 years.
- The Magnificent Seven played a decisive role in the S&P 500's development. Europe also has large companies, but the difference in size is enormous, says Morningstar strategist Michael Field to the news agency.
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