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US Gives TikTok an Ultimatum: Sell or Wave American Market Goodbye
TikTok might be on its way out of America if it does not separate from its ties to the communist Chinese government. After House Speaker Mike Johnson (R-AL) maneuvered to include a TikTok ultimatum in a bipartisan foreign aid package, President Joe Biden signed H.R.815 Wednesday. The foreign aid spending bill forces TikTok’s Chinese-controlled parent company, ByteDance to divest itself from TikTok, or risk being banned from the U.S. The legislation also penalizes app stores and web hosting...
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Biden will ban TikTok unless Chinese owner ByteDance sells it
After a vote in the Senate tied to foreign aid late on Tuesday, President Biden will sign into law a requirement for ByteDance to sell or divest its TikTok platform within a year. TikTok could be banned in the US The combination bill including a potential TikTok ban was approved first by the House of Representatives, and now also by the Senate. President Biden says he will sign it into law on Wednesday, April 24, 2024. According to Reuters, the legislation mandates that TikTok will be...
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Earnings will drive the market next week — what we expect from 2 portfolio stocks
Without any major economic reports, earnings — especially forward guidance and management commentary — will drive the action.