Ex-TikTok Employee Alleges American Executives Were ‘Completely Complicit’ In Giving ‘US Data To China’
U.S.-based TikTok executives were totally “complicit” in efforts to hand over Americans’ data to China despite company assertions to the contrary, a former senior data scientist at the social media platform alleged, according to Fortune. The House of Representatives passed legislation in March that would compel Chinese parent company ByteDance to sell TikTok for the […]
Tesla Announces Huge Layoffs As Sales Slow
Electric vehicle (EV) maker Tesla sent an internal memo notifying staff that the company would be laying off more than 10% of its global workforce, Reuters reported Monday. The company had 140,473 employees as of December 2023, and some workers have already been notified that they are to be laid off, according to Reuters. The […]
Samsung overtakes Apple for top phonemaker spot: report
The Department of Justice charges Apple with antitrust violations According to the report, Apple’s shipments fell by about 10% and it lost its position as the world’s top mobile phone maker to Samsung in the first quarter of 2024. Samsung had a 20.8% market share from January to March, followed by Apple with 17.3% and […]
Lufthansa, United modify schedules after Iran launches attack on Israel
Barron’s Market Editor Ben Levithorn discusses the impact of geopolitical concerns on gold and oil prices on Barron’s Roundtable. Airlines serving the Middle East have begun changing their flight schedules after Iran launched a brutal attack on Israel, launching more than 300 drones and missiles. German airline Lufthansa will suspend scheduled flights to Tel Aviv, […]
Oil expected to rise in wake of Iran’s attack on Israel
Barron’s Markets Editor Ben Levithorn discusses the impact of geopolitical concerns on gold and oil prices on Barron’s Roundtable. Oil prices are expected to rise when markets open next Monday Iran’s attack on Israel Analysts closely following Israel’s reaction said prices reached a six-month high on Friday before falling over the weekend. More than 300 […]
US high schoolers want financial education, but many schools don’t offer it: survey
Jordan Belfort, author of “Investing Wolves” about New York, argued for politicization, promoting financial literacy in schools, and the importance of college degrees. A recent study by Intuit found that U.S. high school students want to learn about personal finance in school, but many do not have access to such courses in school and parents […]
How Roundup lawsuits could give China an edge
UBS Managing Director Jason Katz and Interactive Brokers Strategist Steve Sosnick discuss how investors can navigate the stock market’s conflicting messages in The Craman Countdown. I’ll clarify. Bayer has avoided thousands of lawsuits related to the herbicide Roundup, with about 113,000 of the 167,000 cases resolved and 54,000 remaining in some states, with no compensation […]
US steel, Nippon deal | Fox Business
FOX Business Correspondent Lydia Hu gave an update on the deal, which she believes will make the steel industry “stronger and more competitive,” on “The Bottom Line.” U.S. Steel shareholders have approved a controversial $14.1 billion acquisition by Japanese-owned Nippon Steel. U.S. Steel said more than 98% of its shares voted to approve the merger […]
Stocks tumble as inflation jumps, JPMorgan CEO Dimon’s warning and Masters fever
Claman Countdown panelists Stephen ‘Sarge’ Guilfoyle and Gerald Cassidy discuss ‘big finance’, local bank performance and military defense stocks. -Inflation heats up and the Federal Reserve stalls – Stocks fall broadly due to inflation and Fed concerns -JP Morgan CEO Jamie Dimon warns of two major economic risks -The truth about former President Donald Trump: […]
‘Ultimate Bottom Feeder Witness’: Jonathan Turley Says Trump Defense Must ‘Destroy Michael Cohen’s Credibility’
George Washington University law professor Jonathan Turley on Friday characterized Michael Cohen, who is former President Donald Trump’s previous attorney, as a “bottom feeder” witness against him in his upcoming hush money trial. The charges against Trump stem from an alleged $130,000 payment that Cohen, who pleaded guilty in 2018 to making false statements, tax […]