Oracle tipped as buyer of TikTok’s U.S. business
Software giant Oracle has been tipped as a possible buyer of TikTok’s business in the U.S. with President Trump throwing his support behind such a deal. The BBC reported: US President Donald Trump has said tech giant Oracle would be “a great company” to take over TikTok’s US operations. It comes after Oracle was reported […]
Talking Biz News Today — Aug. 18, 2020
Some of Tuesday’s top business news stories: Associated Press US approves oil, gas leasing plan for Alaska wildlife refuge, by Mark Thiessen 300 Pizza Huts, mostly dine-in locations, to close, by Dee-Ann Durbin CNN Huawei faces fresh US sanctions that put its entire business at risk, by Sherisse Pham Robinhood is now worth more than […]
U.S. expands sanctions on Huawei
Washington has slapped further sanctions on Chinese electronics maker Huawei. Josh Horwitz and Hyunjoo Jin reported the news for Reuters: Ramped-up U.S. restrictions on Huawei are likely to cut off the Chinese smartphone maker’s access to even off-the-shelf chips and disrupt the global tech supply chain once again, executives and experts cautioned. The Trump administration […]
Talking Biz News Today — Aug. 17, 2020
Some of Monday’s top business news stories: Associated Press Virus pandemic reshaping air travel as carriers struggle, by David Koenig, David McHugh US retail sales rise for 3rd month but slowdown expected, by Christopher Rugaber, Anne D’Innocenzio CNN After TikTok and WeChat, Alibaba could be the next target in Trump’s tech war, by Sherisse Pham […]
Talking Biz News Today — Aug. 14, 2020
Some of Friday’s top business news stories: Associated Press US jobless claims fall below 1 million but remain high, by Christopher Rugaber Apple, Google drop Fortnite from app stores over payments, by Mae Anderson CNN Burger merger: Fatburger owner is buying Johnny Rockets for $25 million, by Paul R. La Monica How Trump’s war on […]
Apple, Google kick out Fortnite, maker launches legal battle
Apple and Google removed popular game Fortnite from their app stores after Epic Games added a direct payment option, prompting the company to take legal action. Taylor Hatmaker from TechCrunch reported: Epic added a direct payment option to its mobile game early Thursday, prompting Apple to remove Fortnite from the App Store. Now, the Android […]
Talking Biz News Today — Aug. 13, 2020
Some of Thursday’s top business news stories: Associated Press Iowa farmers assess losses after storm flattened cornfields, by David Pitt US budget deficit climbs to record $2.81 trillion, by Matt Ott CNN Journalists mourn the loss of newsrooms as publishers give up office space to save money, by Brian Stelter Apple and Tesla just announced […]
Sumner Redstone dies at 97
Media mogul Sumner Redstone has dies at the age of 97. Brian Lowry reported the news for CNN: Sumner Redstone, a media titan and billionaire who, as chairman of Viacom and National Amusements, drew headlines both for his deal-making as well as his turbulent personal life, died on Tuesday. He was 97. At his peak, […]
Tesla plans stock split after price soars
Tesla is planning a 1-to-5 stock split after the price of its shares skyrocketed, making it more difficult for retail investors to buy into the company. Claudia Assis reported the news for MarketWatch: Shares of Tesla Inc. surged more than 7% in the extended session Tuesday after the Silicon Valley car maker’s board approved a […]
Talking Biz News Today — Aug. 12, 2020
Some of Wednesday’s top business news stories: Associated Press Tesla boosts turbocharged stock with plan for 5-for-1 split, by Michael Liedtke US producer prices up 0.6% in July, biggest jump since 2018, by Paul Wiseman CNN Airbnb is reportedly close to filing an IPO, by Jordan Valinsky The Lucid Air could be the first electric […]
