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TikTok has 15 minutes to fight for its life
  + stars: | 2024-09-16 | by ( Brian Fung | ) edition.cnn.com   time to read: +10 min
The law Biden signed seeks to ban TikTok on Americans’ personal devices unless its Chinese parent company, ByteDance, quickly sells TikTok to someone else — which may effectively end the app as we currently know it. TikTok will not get the luxury of a full trial to argue for its continued existence in its current form. But it won’t be alone: A group of TikTok creators also suing the Biden administration will go next, with 10 minutes to speak. Court filings show that TikTok and US national security officials had hammered out a draft proposal to address the security concerns. The question is whether all that amounts to enough influence over ByteDance and TikTok to gain access to US TikTok users’ data, in spite of the guardrails promised by Project Texas.
Persons: Joe Biden, Biden, TikTok, Sri Srinivasan, Judge Neomi Rao, Donald Trump, Douglas Ginsburg, Reagan, ’ TikTok, , , Chris Inglis Organizations: CNN, Appeals, District of Columbia Circuit, Oracle, Justice Department, Independent, Project Texas, Federal Communications Commission Locations: China, United States, ByteDance, U.S, Beijing
More than 4,000 people have descended here for the Future Proof conference , a vast social gathering designed to give younger registered investment advisors and other investment professionals access to what they want. What they want, apparently, is an intense desire to network with other RIAs and investment professionals and find ways to grow their business. Reimagining the financial conference Future Proof is the brainchild of Barry Ritholtz, co-founder, chairman, and chief investment officer of Ritholtz Wealth Management, and CEO Josh Brown. This is the third year for the conference, but Ritholtz and company have been doing conferences for 15 years. Ritholtz describes it as an ongoing project to reinvent the financial conference concept, which he says is "moribund."
Persons: Barry Ritholtz, Josh Brown, Ritholtz, Van Eck, Matt Middleton, Adarsh, Brett Rodgriguez, Delon Mansour, Mansour, Shyamsundar, Harris, Consulting's Brett Rodgriguez, Akash Shah, Shannon Saccocia, Raj Dhanda, Ares Management, John Christmas, RIAs, They'll, Mike Novogratz, Anna Paglia, Bryan Whalen, Saira Malik, Lauren Goodwin, Scott Wapner, DoubleLine Capital's Jeff Gundlach, CNBC's, Jan van Eck, Matt Hougan, DJ Mick, There's, Bob Pisani, Jon Maier, JP Morgan, Pisani, Jan Van Eck, Marlena Lee, That's Organizations: Ritholtz Wealth Management, JPMorgan Chase, Capital Group, Street Global Advisors, Funds, Polaris Capital Management, Graystone Consulting, Investments, Investment, Ares, HPS Investment Partners, Global, Life Investments, Bitwise, Management, Dimensional Fund Advisors Locations: HUNTINGTON BEACH, Calif, Los Angeles, Iowa, California, Huntington Beach, San Diego, Michigan, ETFEdge.cnbc.com
The projectile crossed into Israeli territory and fell in an open area in central Israel, with no injuries reported, according to the Israel Defense Forces. Sirens rang across central and northern Israel, the military said, and sirens were also sounded at Tel Aviv airport, the airport’s spokesperson told CNN. Also on Sunday morning, approximately 40 projectiles crossed from Lebanon into Israel’s northern region, some of them intercepted and others falling in open areas, the IDF said. It has also targeted shipping in the Red Sea, as a rejection of Israel’s military campaign in Gaza. Since then, more than 40,000 Palestinians have been killed in Israel’s military operations in Gaza, according to the health ministry in the enclave.
Persons: Israel Organizations: CNN, Sunday, Israel Defense Forces, Israel, Rescue Authority, Judaean Foothills, Authorities, Hezbollah, Hamas Locations: Yemen, Israel, Gaza, Modi’in, Tel Aviv, Jerusalem, Lebanon, Israel’s, Metula, Iran, Red
Republican presidential nominee and former U.S. President Donald Trump gestures during a press conference at Trump National Golf Club, in Rancho Palos Verdes, U.S., September 13, 2024. Former President Donald Trump was safe on Sunday after his campaign said it heard gunshots fired in his vicinity. The sounds were heard on Trump's golf course in West Palm Beach, Florida, where the the Republican presidential nominee was golfing, a source familiar with the matter told NBC News on Sunday. The former president was immediately taken to a safe location, the source said. The Secret Service said in a statement posted on X that it was "investigating a protective incident" involving Trump.
Persons: Donald Trump, Trump Organizations: Trump National Golf Club, CNBC, Republican, NBC, Trump Locations: Rancho Palos Verdes , U.S, West Palm Beach , Florida
Solo travel is my secret to a healthy marriage. Solo travel allows me to slow down and remove the power that life's demands can have. When I travel solo, I am forced to sit with myself and examine things that are boiling under the surface. It could also be said that we have both developed new love languages thanks to solo travel; it has created new ways for us to connect. Rather than fend off questions like my coworker's, I smile to myself because solo travel is my secret to a happy marriage.
Persons: , I've, Matt, we'd, shouldn't, I'm Organizations: Service, Business, San Francisco's Mission, San Locations: Patagonia, Peru, Jaipur, India, Beijing, China, Francisco, Lexington, San Francisco's, Colombia, Japan, Guatemala, San Francisco
The bulls on Wall Street have been largely right about the stock market over the past two years. Business Insider asked three bullish stock strategists what they consider the biggest risks. Yet, those economists have been largely wrong about what could sink the stock market and economy. "In May/June, when you had a lot of bears or those that had been late to jump on the bull parade all of a sudden switch their forecasts and kind of chase markets up, which is pretty, I mean pretty, pretty, pretty classic," Belski told Business Insider. The second risk is, similar to Belski's concern, a 1990's type melt-up in the stock market.
Persons: , Brian Belski, Belski, Yardeni Research's Eric Wallerstein Eric Wallerstein, Wallerstein, that's, Carson, Sonu Varghese Sonu Varghese, Varghese Organizations: Business, Service, BMO, Nvidia, Yardeni Research, Carson Group, Federal Locations: Russia, Ukraine, China, Taiwan
And when that happens, he’s got another project, Worldcoin, in the works to help fix it. To do that, it’s using its proprietary, basketball-ball sized “orbs” that scan people’s eyeballs and create a unique, immutable code based on the pattern of their irises. So I sat down (virtually) with Worldcoin’s co-founder and CEO, 30-year-old Alex Blania, to discuss the project’s origins and future. CNN: A lot of Worldcoin’s focus is future-focused — targeting problems that are hard for us to imagine today. Blania: I think there’s two pieces to that.
Persons: CNN Business ’, Sam Altman, it’ll, he’s, ChatGPT, Altman, , AGI, it’s, VCs, Andreesen Horowitz, Alex Blania, Joseph Nair, It’s, you’ve, Worldcoin, We’ve, there’s, There’s, You’ve Organizations: CNN Business, New York CNN, Netflix, Worldcoin’s, CNN, Bloomberg, Getty, SpaceX, Apple Locations: New York, Singapore, Asia, Japan, Spain, Hong Kong, Malaysia, United States
Boulder, Colorado (AP) – A pharmacist who survived a 2021 mass shooting at a Colorado supermarket said Thursday during the gunman’s trial that she heard him say, “This is fun,” at least three times during the shooting. “I heard him screaming, ‘This is fun. Ahmad Al Aliwi Alissa is accused of killing 10 people at a Colorado supermarket. Another pharmacy worker, Maggie Montoya, testified about what she saw and heard while hiding in a room next to the pharmacy. That included hearing Alissa say he was naked while he surrendered.
Persons: , Sarah Chen, Ahmad Al Aliwi Alissa, , ’ ” Chen, Alissa, David Zalubowski, Maggie Montoya Locations: Boulder, Colorado
While rage bait can be found across social media, its prominence on Threads is because of how the app promotes content. AdvertisementWith that in mind, there's often something in your behavior on social media that's leading the apps to send those posts your way. In the grand scheme of things, rage bait is not the worst thing on social media by a long shot . YouTube star MrBeast mastered social media algorithms to build a huge audience in no time. Here's what business students said , and here's what tech students said .
Persons: , Rebecca Zisser, Katie Notopoulos, Katie, it's, it'll, Samantha Lee, Goldman Sachs, David Solomon isn't, Solomon, Warren Buffett's, Kanu Gulati, she'd, Jensen Huang doesn't, Huang, Alberto E, Rodriguez, MrBeast, Jonah Peretti, Dan DeFrancesco, Hallam Bullock, Milan Sehmbi, Amanda Yen Organizations: Service, Business, Twitter, JPMorgan, Bank of America, Occidental Petroleum, Khosla Ventures, Kanu Gulati Khosla Ventures, Nvidia, Warner Bros, HBO, Charter Locations: Taiwan, China, New York, London
CNN —The South Alabama Jaguars racked up the most points scored by an FBS team in over 33 years on Thursday, as they thrashed the Northwestern State Demons 87-10. Remarkably, the Jaguars did so in just 51 minutes, as both head coaches agreed to shorten the fourth quarter to a six-minute running clock. South Alabama’s point total is the highest by an FBS team in a single game since Fresno State beat New Mexico 94-17 in October 1991. South Alabama dominated the running game with 363 yards on the ground to go with six touchdowns from four different players. Four touchdowns from South Alabama stretched the lead to an impressive 52-10 at halftime, but still the Jaguars did not let up.
Persons: Bothwell, Kentrell Bullock, Major Applewhite’s, I’m, , Gio Lopez, ” Lopez, Jamaal Pritchett, Lopez, Jeremiah Webb, Jarvis Durr Organizations: CNN, South Alabama Jaguars, FBS, Northwestern State, Jaguars, Fresno State, New, Sun Belt Conference ., Alabama, Demons, ” Jaguars Locations: New Mexico, North Texas, Ohio, , South Alabama
Just over 15 years after she released her major label debut, "One of the Boys," Perry became the latest Video Vanguard recipient, the VMA version of a lifetime achievement award. Performing a career-spanning medley at the VMAs as a Vanguard winner should be a victory lap. AdvertisementAfter an early career peak — Perry has released nine chart-topping hits to date, all before 2015 — she's had none in the past decade. It was bad enough to put Perry's comeback in jeopardy, quickly devolving into a "career crisis." But Perry's new album "143" will be released next week, and she still needs to convince people it's worth a listen.
Persons: , Katy Perry, Perry, Michael Jackson's, — Perry, — she's, Katy, Arturo Holmes, Perry wouldn't, Sabrina Carpenter, Chappell Roan, I've, Doechii, Megan Thee, would've Organizations: Service, MTV, Vanguard, Business Locations: California
Apple announced on Monday that its AirPods Pro 2 headphones will become an FDA-cleared hearing aid in the coming weeks through a software update. Apple CEO Tim Cook has highlighted health features as the company's "most important contribution to mankind." The new feature is a free software update for some AirPods models and will be included with Apple's $249 AirPods Pro 2. Many over-the-counter hearing aids are much more expensive, according to buyers guides cited by the Hearing Loss Association of America, an advocacy group. Analysts say that adding health features like a hearing aid expands the market for the device, which could help sales.
Persons: Sumbul Desai, Tim Cook, Barbara Kelley, Apple, Gene Munster Organizations: AirPods, Apple, FDA, Food and Drug Administration, RBC Capital Markets, of America, Analysts, Asset Management
You spot an entrepreneur who built a massive audience on social media by posting attention-grabbing content after studying algorithms and trends. Sounds like YouTube's top creator MrBeast (Jimmy Donaldson), right? It also sounds a bit like BuzzFeed cofounder Jonah Peretti, says Sam Lessin, general partner at the VC firm Slow Ventures. Both built large followings on social media by posting viral, general-interest content, Lessin said. "BuzzFeed was wrong to believe that you could growth hack your way to a valuable audience, and that audience, if it was really big, would be really valuable," Lessin said.
Persons: , They've, MrBeast, Jimmy Donaldson, Jonah Peretti, Sam Lessin, Lessin, BuzzFeed, it's, It's, He's, Rex Woodbury, they're Organizations: Service, VC, Slow Ventures, Business, YouTube, Facebook
Two of Wall Street's biggest banks are adopting new policies to mitigate overwork and burnout for their junior investment bankers. Bank of America will use a new tool to better track working hours for junior bankers, the Journal report said, and flag HR when those go above 80. But the nature of investment banking work makes it hard to believe that such guardrails will stand the test of time. He completed an internship at an investment bank in New York last summer and accepted a return offer to start full time in 2025. If senior banking staff don't unilaterally enforce the cap and take it seriously, junior bankers can feel pressure to let the rules slide for the sake of the team and their own careers.
Persons: Leo Lukenas III, Lukenas, Jamie Dimon, JPMorgan Chase, we've, they're, Moritz Erhardt, , We've Organizations: Service, Industry, JPMorgan, Street, Bank of America, Business, Bank of, Green Beret, of America Locations: New York, London
When Bill Gates dropped out of college to co-found Microsoft, he wasn't thinking about becoming a billionaire or running a company that's now valued at more than $3 trillion. At the time, in 1976, computer obsessives like Gates and co-founder Paul Allen were considered "hobbyists" — yet they fervently believed that a technological revolution was imminent. And I was willing to focus my life, in my 20s, just on software, just on the one job," says Gates. Specifically, that job was creating high-quality software that could make the general public actually embrace the personal computer. That intense focus on creating the best product possible didn't mean Gates wasn't aware that there was also money to be made — in fact, he insisted upon it from the beginning.
Persons: Bill Gates, Gates, Paul Allen, Allen, , Netflix docuseries Organizations: Microsoft, CNBC, Forbes, Netflix
Why are September and October historically weak for stocks? It is a byproduct of an old weakness in the U.S. financial system. The limited ability of the government to react was the primary impetus for the passage of the Federal Reserve Act of 1913. Yes, and if one compares the frequency, intensity and misery of financial panics during the 1800s, this is plainly evident. But, by and large, the U.S. financial system has been much more stable since the Federal Reserve became operational in late 1914.
Persons: Mark Higgins, Morgan Organizations: Fund, Federal, Fed, U.S, Federal Reserve Locations: U.S, New York, New York City, United States
Starbucks' new CEO published an open letter about the chain on his second day on the job. Go to newsletter preferences Thanks for signing up! AdvertisementNew Starbucks CEO Brian Niccol wants you to stop by your local Starbucks store — then, maybe, kick back, hang around, order a second coffee, and chat with your fellow customers. That's something fewer people are doing these days, Niccol said in his first public message as Starbucks' top executive. "We're committed to elevating the in-store experience — ensuring our spaces reflect the sights, smells and sounds that define Starbucks," Niccol said in the open letter released on Tuesday.
Persons: Brian Niccol, , Niccol, We're Organizations: Starbucks, Service, Business
Stagecoach Group, a UK-based travel company, first launched Megabus in the UK in 2003 and then brought it to the US in 2006. Along with Greyhound, Megabus became one of the two mega-carriers in the United States. The intercity bus industry is not in complete disarray, but things are not going great there. Bus industry insiders also note that they're often treated as an afterthought by policymakers even though they carry tens of millions of people each year. He emphasized that bus travel can be environmentally sustainable, too, compared to everyone driving their own cars or flying.
Persons: Megabus, Andrew Savikas, Peter Pan, John Stepovy, FlixBus, Joseph Schwieterman, Schwieterman, hadn't, Scott Michael, it's, Michael, Kai Boysan, BoltBus, Fred Ferguson, who's, Ferguson, It's, They've, They're, I'd, Wanderu, Stepovy, Emily Stewart Organizations: Coach USA, Equity, USA, Stagecoach Group, Greyhound, North America, DePaul University, Stagecoach, Fullington Trailways, US, United Motorcoach Association, FlixMobility, Flix, American Bus Association, Lake Holdings, Alden Global Capital, Atlantic City, Day, Labor, Business Locations: Los Angeles, Chinatown, Busbud, United States, Asia, Flix North America, Wanderu, Philadelphia, Dallas, Chicago, Cleveland, Boston, New York, FlixBus
Preparing for the endJoe and Audrey Martucci say they are grateful for the nine-month cruise experience, but at times they found the schedule tiring. A trip of a lifetimeGen Z traveler Little Rat Brain says Antarctica, pictured here, was her world cruise highlight. Little Rat Brain, passenger on board the nine-month cruiseThe TikTok-famous passengers are now considering how to pivot their online presences. “I don’t think anything’s ever going to have the virality of the nine-month cruise,” Fletcher says. “I’m not really sure if it will ever occur again,” agrees Little Rat Brain.
Persons: Royal, , Angie Linderman, Linderman, Ale Kenney, Shannon Marie Lake, Anthony McWilliams –, Joe, Audrey Martucci, Joe Martucci, Bobbi Waterman, Tam, Julian Mendoza, Daniele Salvatore Arbisi, , they’re, , Beth Anne Fletcher, ’ Fletcher wasn’t, you’re, ” Fletcher, Joe Martucci didn’t, TikTok, ” Oosthuizen, … ” LRB, itineraries, LRB, there’s, someone’s, Anthony McWilliams, Amike, Oosthuizen, Drake, ’ ”, McWilliams, y’all, Anthony Antoine McWilliams Fletcher, Fletcher, “ Beth Anne’s, Audrey, Shannon Lake, ” McWilliams, “ We’re, it’s, “ Truman, Brandee, aunties, It’s, , can’t, “ I’m, influencer Marc Sebastian, Sebastian, they’ve, ” LRB, ” Linderman, haven’t, There’s, Princess Cruises –, she’s, “ Everything’s Organizations: CNN, CNN Travel, Royal, NASA, Seas, New York City, MSC Cruises, Princess Cruises, Vie Locations: Royal Caribbean, Miami, Shannon, American, British, South Africa, Halifax, Canada, Southampton, , California, China, New York, LA, Antarctica, India, Portofino, Italy, Iguazu, , Caribbean, Belfast , Northern Ireland
Tuesday’s debate between Vice President Kamala Harris and former President Donald Trump is the culmination of 75 days of utter and unprecedented campaign chaos — and the beginning of a 55-day race to Election Day through equally uncharted waters. The best-polling third-party candidate in a generation, Robert F. Kennedy Jr., saw his numbers collapse, and he is out of the race and supporting Trump. The sides even flipped on the debate rules, with the Harris campaign (unsuccessfully) pushing for open microphones during the whole debate after Biden’s team favored turning candidates’ mics off when it is not their turn. Harris’ campaign put a policy page on her website only on Monday. For making it through the past 75 days of chaos, America now gets 55 days of unpredictability with little precedent in modern history.
Persons: Kamala Harris, Donald Trump, , , Jared Leopold, Joe Biden, Sen, JD Vance, Tim Walz, Robert F, Kennedy Jr, Harris, , Craig Snyder, Snyder, Haley, Nikki Haley, Matt Gorman, “ Kamala, Trump, Caitlin Legacki, Legacki, Biden, Walz, Harris ’, Richard Czuba Organizations: Trump, Minnesota Gov, Republican, Democratic, Democrats ’, Biden, Detroit, Michigan Locations: R, Ohio, Philadelphia, Pennsylvania, Covid, Gaza, Lansing, America
He will be Starbucks’ fourth CEO in two years, taking the helm amid a slump in Starbucks’ business and pressure from employees and investors. Starbucks CEO Brian Niccol. Some customers have expressed frustration with high prices, slow pickup orders on Starbucks’ app and lackluster food options. Mobile app and drive-thru orders make up more than 70% of Starbucks’ sales at its approximately 9,500 company-operated stores in the United States. According to the company, Niccol will spend time in stores, at headquarters in Seattle and with Starbucks employees around the world.
Persons: Brian Niccol, , , “ We’re, Niccol, Taco Bell, Dylan Buell Organizations: New, New York CNN, Starbucks, Getty Locations: New York, Chipotle, Mobile, United States, Newport Beach , California, Starbucks ’ Seattle, Seattle
Read previewApple has the over-the-counter hearing aid market in its sights — and execs in the audiology space are likely sitting up straight after Monday's announcement by the tech giant. The AirPods Pro 2 — first launched in 2022 and refreshed in 2023 — will soon feature a "clinical-grade, over-the-counter Hearing Aid feature" via a software update slated for the fall, Apple said. Related storiesThe AirPods Pro 2 retail for $249, while over-the-counter hearing aids can range from $99 to $3,000, according to the National Council on Aging (NCOA). Apple's new hearing-focused features for the AirPods Pro 2 are multifaceted. AdvertisementThe Hearing Aid feature on AirPods Pro 2 can boost voices, media, and phone calls, Apple says.
Persons: , Apple, Johns Hopkins, Dr, Nicholas Reed Organizations: Service, Business, Apple, Food and Drug Administration, Street, World Health Organization, WHO, National Council, Aging, AirPods Locations: Germany, Japan
The company said the wireless headphones will double as clinical-grade over-the-counter hearing aids for those who need them. But over-the-counter hearing aids like these aren’t always the solution for hearing loss. Over-the-counter hearing aids, such as Apple’s offering, also are not a treatment for “severe or profound” hearing loss, according to the FDA. If it can also serve as a hearing aid, I think that’s really exciting.”Apple’s announcement was applauded by some hearing aid users on social media, as well. But many noted one clear advantage traditional hearing aids have over AirPods: Hearing aids have battery life measured in days, not hours.
Persons: Apple, , Sumbul Ahmad Desai, Desai, Barbara Kelley, ” Kelley, Kelley, “ There’s, Organizations: CNN, Food and Drug Administration, FDA, Apple, American Heart Association, of America Locations: United States, Germany, Japan
Adriane Schwager has interviewed thousands of people and hired hundreds in her roughly 20 years in the recruiting space. She's interviewed candidates at every level in an organization, from interns to senior leaders to join her in the C-suite. It sounds simple enough, but she says she's noticed that candidates' level of preparedness seems to have declined in the last five years or so. "Here's something very basic that I'm seeing candidates missing right now, which is [understanding]: What does the company that you're interviewing for do?" "But I feel like I'm seeing more of that these days at a senior level, which is interesting," she says.
Persons: Adriane Schwager, She's, she's, I'm, Schwager, she'd, it's, who've Organizations: CNBC
An expansion rate surpassing America'sKFC, run by Shanghai-headquartered Yum China, has historically enjoyed the lion's share of the country's fast-food cravings. Hopes for a new middle class in ChinaCities in China are unofficially grouped into tiers according to their status, size, and wealth. Chinese KFC has nearly doubled its menu itemsExpanding during a sluggish economy might make sense for fast food brands, which are often classified as recession-proof as consumers downgrade their spending. Advertisement"Now, they are doubling down further on this strategy by expanding into the inland regions of China, especially Tier Three and Tier Four cities with a growing middle class," they told BI. Yum China has also been expanding aggressively in the country's burgeoning coffee scene, establishing a popular spin-off called KCoffee.
Persons: , It's, McDonald's, Shaun Rein, Rein, Allison Malmsten, Malmsten, Cui Nan, Wang Gang, Jonathan Bernstein, Bernstein, Kung Fu, Daxue, it's, They've Organizations: Service, Thursday, Business, McDonald's, Tier, China Market Research Group, KFC, LONG, Future Publishing, Getty Images, China, US, Yum China, Daxue Consulting, Publishing, China News Service, Getty, Analysts, Yonder Consulting Locations: China, Kentucky, Weibo, Hangzhou, China's, Shanghai, China Cities, Beijing, Guangzhou, Shenzhen, Chengdu, Chongqing, Nanyang, Suqian, Jiangsu, London, Asia, Shanghai thronged
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