Oracle, Silver Lake part of group of investors who will own about 50% of TikTok US, source says

In a recent announcement, Trump stated that the U.S. will impose new tariffs on heavy trucks, drugs, and kitchen cabinets. This move is significant as it could lead to increased prices for consumers and strain trade relations with affected countries. The tariffs aim to protect American industries but may also provoke retaliation, impacting the economy further.

In a bold move, President Trump has announced a 100% tariff on pharmaceutical products, alongside new levies on heavy trucks and kitchen cabinets. This decision is significant as it could lead to increased prices for essential medications, impacting millions of Americans who rely on these products. The tariffs may also strain trade relations and provoke retaliatory measures from affected countries, raising concerns about the broader economic implications.

In a significant move, President Trump has signed an order declaring that the sale of TikTok is ready, valuing the popular social media platform at an impressive $14 billion. This decision not only highlights the ongoing negotiations surrounding the app's future in the U.S. but also reflects the administration's efforts to address national security concerns. The sale could reshape the landscape of social media in America, potentially leading to new ownership and operational changes that may impact millions of users.

Amber Venz Box, co-founder of LTK, recently discussed the implications of TikTok's evolving algorithms on creators during an interview on 'The Close.' She raised important questions about whether new platforms in the U.S. can effectively capture user attention in a competitive landscape. This conversation is significant as it highlights the ongoing challenges and opportunities for influencers navigating the ever-changing digital marketplace.

In a significant development, JD Vance has revealed that Trump's billionaire supporters, including the Ellisons from Oracle and the Murdochs from Fox, are set to gain at least partial control over TikTok's algorithm. This shift raises questions about the influence of political allies on social media platforms and how it might affect content recommendations for users. As these powerful figures step into the tech space, it could reshape the landscape of digital media and user experience.

A fund group is urging for clearer regulations regarding the inclusion of private assets in US 401(k) retirement plans. This call for clarity is significant as it could impact how individuals save for retirement and the types of investments available to them, potentially leading to more diverse portfolios and better financial outcomes.

AT&T has announced a quarterly dividend of $0.2775 per share, which is great news for investors looking for steady income. This decision reflects the company's commitment to returning value to its shareholders, especially in a competitive market. Regular dividends can enhance investor confidence and attract new shareholders, making it a significant move for AT&T's financial strategy.

Oracle's recent leadership change, with two insiders at the helm, signals a potentially transformative phase for the company. This bold move could lead to innovative strategies and growth, but it also carries risks. As Oracle navigates this new chapter, the tech industry will be watching closely to see if this decision pays off.

Korea's recent hesitations regarding trade discussions with the US have raised concerns among investors, leading to a decline in the value of the won. This situation is significant as it reflects the fragility of international trade relations and the potential economic impact on Korea, which heavily relies on exports. The uncertainty surrounding these talks could further destabilize the currency and affect market confidence.

Former President Trump has announced that a deal regarding TikTok is finalized, although specifics remain unverified by China or ByteDance, the app's owner. This situation is significant as it highlights ongoing tensions between the U.S. and China over technology and data privacy, and the outcome could impact millions of TikTok users and the app's future in the American market.

Lynas Rare Earths Ltd., an Australian mining company, is set to achieve its best quarterly stock performance since 2015, driven by investor optimism regarding its potential benefits from the ongoing trade tensions between the US and China. This surge in stock value highlights the growing importance of rare earth materials in global supply chains, especially as countries seek to secure their resources amid geopolitical uncertainties.

In a recent announcement, Trump stated that the U.S. government will provide aid to farmers until tariffs begin to benefit them. This move is significant as it aims to support the agricultural sector during challenging times, ensuring that farmers can sustain their operations while waiting for the positive effects of tariffs to materialize. It reflects the administration's commitment to bolstering the economy and protecting American farmers.

Jacq Tatelman, the CEO of State Bags, reflects on the company's origins and its mission to support children in need during the back-to-school season. Inspired by her experiences running a nonprofit camp in Brooklyn, Tatelman emphasizes the importance of providing quality backpacks to kids who often arrive at school with inadequate supplies. For every bag sold, State Bags donates one to an American child in need, making a significant impact in communities. This initiative not only helps students but also raises awareness about the challenges faced by many families, highlighting the importance of social responsibility in business.

A US judge has preliminarily approved a significant $1.5 billion settlement regarding copyright issues involving Anthropic, a leading AI company. This decision is crucial as it not only resolves ongoing legal disputes but also sets a precedent for how copyright laws may adapt to the rapidly evolving tech landscape. The settlement reflects a growing recognition of the importance of intellectual property rights in the AI sector, which could encourage innovation while ensuring creators are protected.

In a recent statement, Trump has urged Turkey to reconsider its dealings with Russian oil, suggesting that he might lift sanctions if Turkey complies. This development is significant as it could reshape U.S.-Turkey relations and impact global oil markets, especially given the ongoing tensions surrounding Russia's actions. The potential easing of sanctions could also influence Turkey's economic landscape and its strategic partnerships.

The top Wall Street regulator has announced plans to review the White House's request for companies to submit layoff plans. This move is significant as it reflects the administration's concern over potential job losses and aims to ensure that companies are prepared for any necessary workforce adjustments. By examining these plans, the regulator hopes to maintain stability in the job market and provide guidance to businesses during uncertain economic times.

Ross, the CEO of American Rebel Holdings, has sold $182,000 worth of stock, which raises questions about the company's future direction. While stock sales by executives can sometimes indicate a lack of confidence in the company's prospects, they can also be part of personal financial planning. This sale is noteworthy as it reflects the ongoing dynamics within the company and the market.

Anne Walsh, the chief investment officer at Guggenheim Partners, discusses the potential for rate cuts in the current economic climate during an interview on 'The Close.' She emphasizes that while there is room for cuts, they may not be the most effective tool at this stage. This conversation is significant as it highlights the ongoing debate about monetary policy and its impact on inflation, especially in light of recent economic trends.