Biden to start ‘Investing in America’ tour next week

CNN — when he for a possible re-elected Activity, president biden As the effects of those laws begin to be felt across the country, he will begin a three-week tour on Tuesday to highlight the impact of his signature legislative achievement, according to a White House official. ‘Invest in America’ tour will see Biden, Vice … Read more

TikTok wants to distance itself from China, but government steps in

In this illustration photo taken on July 16, 2020, Chinese and American flags are seen near the TikTok logo. Florence Rowe | Reuters BEIJING — China said it would “strongly oppose” the forced sale of TikTok, making clear the government’s involvement in the social media giant’s efforts to distance itself from Beijing. The Commerce Department … Read more

Analysis: Viral video app TikTok represents new Cold War in American pockets

CNN — The new Cold War is not being played out on the high walls that divide the continents, but in the pockets of millions of Americans. congressional hearing Thursday’s focus on the popular TikTok video app became the latest in a string of clarifying moments that exposed not only Washington’s bipartisan animosity toward Beijing’s … Read more

Janet Yellen changes the mood again

U.S. Treasury Secretary Janet Yellen testifies before a subcommittee on March 23, 2023 in Washington, DC. Alex Wong | Getty Images News | Getty Images The report comes from today’s CNBC Daily Open, our new international markets newsletter. The CNBC Daily Open gives investors a quick overview of everything they need to know, no matter … Read more

China says ‘resolutely’ against possible forced sale of TikTok

Hongkong CNN — China says it will ‘resolutely oppose’ Any forced sale of TikTokthe first direct response to the Biden administration’s demands that the app’s Chinese owner sell a stake in his company or face a ban in its most important market. TikTok CEO Shou Chew made the above comments Testify before U.S. lawmakers It … Read more

Crypto firms slam SEC, Washington over unclear rules

Several executives interviewed by CNBC said that encryption companies have been frustrated by the lack of clear industry rules from the US government and the aggressive action taken by the US Securities and Exchange Commission against digital currency companies. Unlike other countries, the U.S. has yet to come up with a comprehensive framework or set … Read more

Tech firms MSFT, GOOG, AMZN, SAP profit but layoffs continue

Google and Facebook parent Meta are some of the companies that have laid off workers in recent months. Beata Zawazel | Nurphoto | Getty Images From the US to Europe and Asia, global tech giants from Microsoft and Google to Amazon and SAP have laid off thousands of workers since the start of the year. … Read more

TikTok CEO grilled by bipartisan lawmakers over China ties

TikTok CEO Shouzi Zhou reacts as he testifies at a House Energy and Commerce Committee hearing titled “TikTok: How Congress Can Protect U.S. Data Privacy and Protect Children from Online Harm” as lawmakers scrutinize Chinese-owned videos – Shared application, March 23, 2023 on Capitol Hill, Washington. Evelyn Hawkstein | Reuters “Welcome to the most bipartisan … Read more

College student talks about her social media breakthrough

CNN — Currently, political and legal scrutiny of some of the largest tech companies and social media platforms is intense. TikTok CEO Shou Chew faced grilling by lawmakers on Thursday before the House Energy and Commerce Committee. his testimony happened Some lawmakers have renewed calls for TikTok to be banned in the United States, citing … Read more

Utah governor signs bill requiring teens to get parental consent to join social media sites

New York CNN — Utah governor signs controversial bill Thursday’s bill would require minors to obtain guardian consent before joining social media platforms, the most aggressive step yet by state or federal lawmakers to protect children online. As part of a bill called the Utah Social Media Regulation Act, The social media platforms will have … Read more