The Trump administration announced that the United States and China have reached a preliminary framework agreement regarding TikTok’s ownership.
Read More U.S. and China reach TikTok deal framework, Trump to meet with Xi on Friday: ‘Commercial terms have been agreed upon’
Oracle’s shares rose on Thursday as the company inches closer to the trillion-dollar club on soaring gains from its AI cloud business.
Read More Oracle nears $1 trillion valuation, Ellison edges toward richest-person title
The S&P 500 and the Nasdaq hit intraday record highs after cooler-than-expected inflation data kept the U.S. central bank on track to cut borrowing costs this year.
Read More S&P 500, Nasdaq hit record highs after inflation data boosts rate-cut bets; Oracle jumps
Florida GOP Governor Ron DeSantis recently described the H-1B visa program as a “total scam,” arguing that it enables American companies to neglect hard-working domestic workers in favor of cheap foreign labor, stemming mostly from India.
Read More DeSantis labels H1-B work visa program a ‘total scam,’ criticizes policy allowing 600K Chinese students to study in U.S.
The deal will put well-known entertainment properties including CBS, Paramount, and Nickelodeon under the ownership of tech scion David Ellison.
Read More US clears way for $8 billion Paramount-Skydance merger
President Donald Trump pledged that the United States will do “whatever it takes” to secure global leadership in the field of artificial intelligence (AI), unveiling a newly released AI strategic action plan on Wednesday.
Read More Trump signs 3 AI-focused EOs, proclaims the U.S. will do ‘whatever it takes’ to win AI race