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Business Update

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TikTok Signs Agreements With Investors in Step Toward Avoiding a U.S. Ban

Raj4 months ago01 mins

The Chinese-owned video app reached agreements with the software giant Oracle and two investment firms, Silver Lake and MGX, as part of a deal to keep TikTok operating in the United States. Source link

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  • Business

Nike’s Struggles Continue, but Turnaround Plan May Be Working

Raj4 months ago01 mins

Quarterly sales rose slightly for the world’s largest footwear company despite weak results in China and with its Converse brand. Source link

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  • Business

John E. Olson, Analyst Fired for Enron Skepticism, Dies at 83

Raj4 months ago01 mins

An adviser at Merrill Lynch, he refused to recommend the energy trading company. His employer pushed him out, but his stand made him a hero. Source link

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  • Business

Lovable, a Start-Up That Makes Anyone a Coder, Raises $330 Million

Raj4 months ago01 mins

The Swedish company is now valued at $6.6 billion, more than triple its $1.8 billion valuation set by investors in July. Source link

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  • Business

U.S. Inflation Slowed to 2.7% in November as Shutdown Distorts Data

Raj4 months ago01 mins

Data collection issues skewed the latest Consumer Price Index report, economists warned, clouding the picture for the Federal Reserve as it also grapples with a cooling labor market. Source link

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  • Business

Trump Administration Tries to Stop Some Immigrants From Driving Trucks

Raj4 months ago01 mins

The transportation department said the new rules were intended to make roads safer, but there’s no data to suggest that immigrants cause more truck accidents. Source link

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  • Business

Democratic Lawmakers Request Review of Howard Lutnick’s Possible Conflicts

Raj4 months ago01 mins

Lawmakers in the House and the Senate asked a government watchdog to determine if Howard Lutnick is following ethics guidelines in promoting data centers that benefit his family’s businesses. Source link

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  • Business

Massachusetts Battery Start-Up to List on Stock Exchange

Raj4 months ago01 mins

Factorial, the start-up, said the listing would provide money that would help it bring new solid-state batteries to market as soon as 2027. Source link

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  • Business

Why the Affordability Crisis Is Likely to Stalk Trump

Raj4 months ago01 mins

The president promoted his economic accomplishments in a defiant address. But some voters are feeling the pinch of stubborn inflation and a cooling labor market. Source link

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  • Business

Truth Social Parent to Merge With Nuclear Fusion Firm in $6 Billion Deal

Raj4 months ago01 mins

Trump Media & Technology Group, the social media and crypto company part owned by President Trump, said it would help develop a “utility-scale fusion power plant.” Source link

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