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Trump not ready to OK TikTok deal, admits US won't get cut

4 days ago   |   By Chron

WASHINGTON - President Donald Trump said he expects to get a report Thursday about Oracle's bid for the Chinese-owned video-sharing app TikTok and admitted there is no legal path to letting the U.S. Treasury get a cut of the deal - a proposition experts had criticized as unprecedented and possibly illegal.
“I'm not prepared to sign off on anything. I have to see the deal,” Trump told White House reporters Wednesday evening about Oracle's interest in TikTok.
Some in the U.S. have raised concerns about the deal, fearing that ByteDance Ltd., the Chinese company that owns TikTok, would...
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Trump admits there's no 'legal path' for TikTok to pay the US government as part of a sale to an American company

Trump admits there's no 'legal path' for TikTok to pay the US government as part of a sale to an American company

4 days ago   |   By Business Insider

Summary List Placement
President Donald Trump said Wednesday that the US government is not allowed to accept money as part of a proposed deal between TikTok and an American buyer.
"Amazingly, I find that you're not allowed to do that, you're not allowed to accept money," Trump told reporters during a press conference. "If they're willing to make big payments to the government they're not allowed because there's no way of doing that, there's no legal path to doing that."
Trump had previously claimed that he would require the US Treasury Department to receive a "very big" payment as a...
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Nikola dives 28% after founder Trevor Milton steps down as executive chairman

Nikola dives 28% after founder Trevor Milton steps down as executive chairman

Summary List Placement Nikola tanked as much as 28% in early Monday trading after founder Trevor Milton voluntarily stepped down as executive chairman and a member of the... Read more ...

European bank shares tumble after leaked files unveil suspicious money flows...

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Summary List Placement FinCEN investigation released on Sunday showed several banks were involved in moving more than $2 trillion worth in suspicious funds. The banks that had... Read more ...

Trump's TikTok Deal: What Just Happened And Why Does It Matter?

Trump's TikTok Deal: What Just Happened And Why Does It Matter?

President Trump is claiming victory after blessing a deal in which Oracle and Walmart will own a stake of TikTok, but experts wonder whether the terms of the agreement will... Read more ...

90210 is one of the 5 most expensive zip codes in America, but it's not...

90210 is one of the 5 most expensive zip codes in America, but it's not number one

Summary List Placement In a COVID-19 world, home prices are rising in suburban markets while city markets struggle to keep up. With social distancing and working from home the... Read more ...

Pet health startup Front of the Pack just raised $3.5 million in seed...

Pet health startup Front of the Pack just raised $3.5 million in seed funding from the likes of Stride VC and NEON

Summary List Placement Front of the Pack, a European pet health startup, has raised $3.5 million in a seed funding round backed by Stride VC, Founder Collective, and Heartcore... Read more ...

Another Jack Ma company could break the world's IPO record. But this time...

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Summary List Placement The pandemic has thrown the business world on its head in 2020 - and Wall Street's headhunting community is no exception. As the economy cratered and the... Read more ...

A 5-step guide to hosting a successful virtual recruiting event, according...

A 5-step guide to hosting a successful virtual recruiting event, according to execs from job search giants Handshake and Indeed

Summary List Placement Virtual recruiting doesn't seem to be letting up any time soon. As companies continue to work remotely, they will have to change the way they recruit for... Read more ...

10 things you need to know before the opening bell

10 things you need to know before the opening bell

Summary List Placement Welcome to 10 Things Before the Opening Bell. Sign up here to get this email in your inbox every morning. Here's what you need to know before markets... Read more ...

Jack Ma's Ant Group raises its funding target to $35 billion, likely making...

Jack Ma's Ant Group raises its funding target to $35 billion, likely making it the largest IPO ever

Summary List Placement Jack Ma's Ant Group seeks to raise its funding target to $35 billion through its initial-public-offering, according to Bloomberg. Ant, which is Alibaba's... Read more ...