Jeffries: Trump expected to find way for TikTok sale to US owner
House Majority Leader Hakeem Jeffries of New York said he expected President-elect Trump to find a way to sell TikTok to a U.S. owner. Jeffries said in an interview on CNN's “Anderson Cooper 360” on Sunday that a bipartisan bill passed by Congress last year would force the sale of TikTok from its China-based parent […]
Instagram announces new video app amid TikTok troubles
Instagram on Sunday announced a new video creation app as TikTok, another social media platform focused on visual content, faces a legal battle in the United States. “Today, we're announcing Edits, an all-new app for creating videos on your phone,” Instagram head Adam Mosseri said in an article. Videos posted on the platform. “There's a […]
Perplexity AI submits bid to merge with TikTok US
Search engine platform Perplexity AI submitted a bid to merge with TikTok on Saturday, sources told The Hill. The move follows Friday's Supreme Court ruling upholding the decision to force a ban on TikTok, citing national security risks. The proposed transaction would combine Perplexity, TikTok US, and a new capital partner, according to . CNBC […]
Yellen: Debt limit will be hit day after Trump's inauguration
Treasury Secretary Janet Yellen said Friday that the U.S. will hit the debt ceiling the day after President Trump takes office, and that the Treasury Department will begin “extraordinary steps” to avert the threat of a national debt default. Yellen said in a letter to Congressional leaders that the Treasury Department would begin taking action […]
State Farm cancels Super Bowl ad over California wildfires
Insurance giant State Farm has canceled a Super Bowl ad that was scheduled to air during the big game in February. Part of the reason is the wildfires raging in California. “We remain firmly focused on providing support to the people of Los Angeles. As originally planned, we will not run advertising during games,” a […]
Kevin O'Leary says he's offering $20B cash for TikTok
Investor Kevin O'Leary, widely known as the star of “Shark Tank,” told TikTok's owner he would give him $200 in cash to buy the platform during an appearance on Fox News' “America's Newsroom” on Friday. He said he would provide $1 billion. He pointed out that any company that attempts to acquire TikTok or assist […]
House Budget Republicans eye more than 200 spending cuts, tax changes for major bill
Republican lawmakers on the House Budget Committee are preparing for a broad reconciliation bill expected this year, including more than 200 budget cuts, tax cuts, tariffs and programs like Medicare and Social Security, according to documents shared with The Hill. We are considering the possibility of changes. Different policy options are broken down by committees, […]
How to use AI to get a job this year
Gen AI promised to take boring tasks out of our hands with virtual assistants and chatbots designed to automate items on our to-do lists. However, many of these useful tools required time from our busy schedules to be integrated, trialled, refined, and evaluated. As such, while many professionals have recognized the appeal of automation and […]
How California's catastrophic wildfires are inflaming the state's insurance crisis
The wildfires scorching Southern California are reducing entire neighborhoods to ashes, destroying expensive real estate and exacerbating an insurance crisis that predates the inferno. As the Los Angeles area disaster continues to unfold, costs are rapidly escalating, and AccuWeather's Global Weather Center is now estimating the total damage. Between $250 billion and $275 billion. The […]
Biden finalizes major loan to EV-maker Rivian days before Trump’s inauguration
The Biden administration closed on a huge loan to electric vehicle (EV) maker Rivian just days before President-elect Donald Trump takes office. of $6.57 billion loan The company will finance an electric vehicle factory in Georgia that currently specializes in luxury cars, where it will produce SUVs and crossovers. In a press release, the Department […]