China’s ByteDance signs deal to form joint venture to operate TikTok US app
ByteDance retains 19.9% stake in new joint ventureOracle, Silver Lake, MGX to own 45% of TikTok USDSDeal addresses…
S&P 500 posts record closing high, US dollar and yields decline in wake of FedÂ
Item 1 of 2 Traders work on the floor at the New York Stock Exchange (NYSE) in New…
Oracle forecasts miss Wall Street targets while spending rises, shares slide 10%
Oracle’s cloud revenue growth may be coolingOracle’s adjusted profit boosted by $2.7 billion Ampere saleOracle’s future contracts rise…
Stocks slammed on dashed hopes of imminent Fed rate cut
Following global sell-off, Wall Street opens lowerInvestors see Fed rate cut next month as a toss-upUS Treasury yields…
Michael Burry of ‘Big Short’ fame deregisters Scion Asset Management
Burry stepped up criticism of Big Tech in recent weeksPlaces bets against Palantir, Nvidia”On to much better things,”…
SoftBank’s $5.8 billion Nvidia stake sale stirs fresh AI bubble fears
Nvidia shares fall more than 2% after SoftBank sells stakeSale to help Son fund AI bets such as…