TikTok is owned by a Chinese company. So why doesn’t it exist?

Beijing CNN — TikTok is fighting to survive in the US Pressure is mounting in Washington to ban the app if its Chinese owners don’t sell the company. But the popular platform was developed using indigenous Chinese technology and is inaccessible in China. In fact, it never existed there. Instead, there is a different version … Read more

Costco vs Sam’s Club: Who Has the Edge?

American Warehouse Club Industries, which includes Costco, Sam’s Club and BJ’s Wholesale It’s worth more than $320 billion, according to ResearchAndMarkets.com estimates. The format is simple: membership payment shopping fee. In return, they get low-priced goods and services in a warehouse environment. With more than 65 million paying members, Costco controls the largest market share.but … Read more

Tether is estimated to have approximately $1.6 billion in excess reserves to back USDT

Tether Chief Technology Officer Paolo Ardoino said the company expects a $700 million increase in excess reserves for the quarter, which is not over yet. Justin Tallis | AFP | Getty Images Cryptocurrency firm Tether estimated it would post a profit of $700 million in the March quarter, bringing its excess reserves to more than … 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

U.S. and Chinese navies clash over South China Sea missile destroyer issue

On December 25, 2022, a Chinese coast guard ship patrolled the South China Sea. Intensity | AFP | Getty Images China’s Defense Ministry said on Friday that it again had to monitor and disperse the U.S. Navy destroyer USS Milius as it entered territorial waters in the South China Sea near the Paracel Islands. “We … Read more

China a ‘relatively safe haven’ amid banking pressure

An aerial view of sea containers stacked at Yangshan Deepwater Port, the world’s largest automated container terminal, in Shanghai, China, May 21, 2021. Video | Visual China Group | Getty Images Recent turmoil surrounding U.S. and European banks has highlighted China as a “relatively safe haven” this year, Citi economists said in a note on … Read more

U.S. contractor killed in suicide drone strike in Syria

On December 2, 2022, U.S. troops patrolled near the countryside in Rumailan, Hasakah province in northeastern Syria, near the border with Turkey. Dereel Suleiman | AFP | Getty Images Five U.S. service members and a U.S. contractor were wounded Thursday when a suicide drone struck a U.S. contractor alliance base The defense ministry said in … Read more

Trump hush money probe calms down after chaotic week

New York CNN — Manhattan grand jury investigation former president donald trump The week isn’t over and questions abound about how close grand jury is to sue — or if it ever does. While the radio silence comes from Manhattan District Attorney Alvin Bragg Amid widespread media and political speculation over the past few days … 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