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☆ Amazon plans to donate $1 million to President-elect Donald Trump’s inauguration
▼ + stars: | 2024-12-12 | by ( Kaitlan Collins | ) edition.cnn.com time to read: +1 min

CNN —Amazon is planning to donate $1 million to President-elect Donald Trump’s inauguration, a person familiar with the matter told CNN. Amazon founder Jeff Bezos is expected to visit with Trump in person in the coming days, as he and other tech founders seek closer relationships with the incoming president. “Our former President showed tremendous grace and courage under literal fire tonight,” Bezos wrote on X at the time. Bezos joins other tech leaders in looking to foster a closer relationship with the president-elect. Meta confirmed Wednesday that it donated $1 million to the inaugural fund, two weeks after Meta CEO Mark Zuckerberg met with Trump privately at Mar-a-Lago.

Persons: Donald Trump’s, Jeff Bezos, Trump, Bezos, “, ” Bezos, Meta, Mark Zuckerberg, CNN’s Elisabeth Buchwald Organizations: CNN, Amazon, Trump, Street Journal, Mar Locations: It’s

☆ Meta donates $1 million to Trump's inaugural fund: Reuters
▼ + stars: | 2024-12-12 | by ( ) www.cnbc.com time to read: +1 min

Meta CEO Mark Zuckerberg makes a keynote speech during the Meta Connect annual event, at the company's headquarters in Menlo Park, California, U.S. September 25, 2024. Meta Platforms has donated $1 million to President-elect Donald Trump's inaugural fund, a company spokesperson told Reuters in an emailed response. The Wall Street Journal, which first reported the news, said the donation was a departure from past practice by CEO Mark Zuckerberg and Meta. Trump and Zuckerberg's Meta have had strained relations in the aftermath of the 2020 presidential election. Meta suspended Trump's Facebook and Instagram accounts for about two years following the January 2021 Capitol riots.

Persons: Mark Zuckerberg, Donald Trump's, Zuckerberg, Donald Trump, Joe Biden, Biden, Kamala Harris, Trump, Meta Organizations: Meta, Reuters, Street, Democratic, New York Times, Trump . Trump, Zuckerberg's, Facebook Locations: Menlo Park , California, U.S

☆ Jeff Bezos reportedly following in Mark Zuckerberg's footsteps with a $1 million donation from Amazon to Trump's inauguration
▼ + stars: | 2024-12-12 | by ( Lloyd Lee | Erin Snodgrass | ) www.businessinsider.com time to read: +1 min

Amazon plans to donate $1 million to Donald Trump's inauguration, according to WSJ. Meta also confirmed that it will be donating $1 million to Trump's inaugural fund. Jeff Bezos' Amazon plans to donate $1 million to Donald Trump's inauguration, following Wednesday's news that Mark Zuckerberg's Meta made the same contribution, The Wall Street Journal reported. The donations would mark a shift in the relationship between tech leaders and Trump, who had previously been critical of Big Tech bosses. AdvertisementSpokespeople for Amazon and Trump did not respond to a request for comment.

Persons: Donald Trump's, Meta, Jeff Bezos, Zuckerberg's Meta, Trump, Zuckerberg, elect's, Sundar Pichai, ″ Mark Zuckerberg's, Elon, CNBC's Jim Cramer Organizations: Trump, Street Journal, Wednesday, Big Tech, The, Amazon

☆ A woman paid $12,000 for surgery to permanently turn her eyes from brown to blue. She said it's the best investment she's made in herself.
▼ + stars: | 2024-12-12 | by ( Kim Schewitz | ) www.businessinsider.com time to read: +6 min

Ulku Dogan had surgery to make her eyes blue after wearing colored contact lenses for years. AdvertisementSeven weeks ago, her dream came true when she flew to New York and paid $12,000 for surgery to permanently change her eye color from brown to blue. Some doctors, however, argue there isn't enough evidence that the benefits of cosmetic eye surgery outweigh the known and potential unknown long-term risks. In a 2021 study published in the Journal of Cornea and External Disease, 12 out of 40 keratopigmentation patients experienced light sensitivity in the first month. "He got his eye colored, and I'm like, 'what else do I need?'"

Persons: Ulku Dogan, Dogan, Kevin Niksarli, it's, who've, Dr, Alexander Movshovich, He's, Movshovich, Julian Prosia, keratopigmentation, Stephen D, McLeod, hadn't, It's Organizations: FDA, Manhattan LASIK, Wall Street, Ophthalmology, American Academy of Opthalmology, American Academy of Ophthalmology, BI Locations: San Francisco, New York, Manhattan, Canada, Movshovich

☆ Meta donates $1 million to Trump’s inaugural fund in latest step to mend relationship
▼ + stars: | 2024-12-11 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +2 min

New York CNN —Meta has donated $1 million to President-elect Donald Trump’s inaugural fund, the company confirmed to CNN. The news comes two weeks after Meta CEO Mark Zuckerberg met with Trump privately at Mar-a-Lago. It’s a major reversal from nearly four years ago when Meta banned Trump from its platforms after the January 6, 2021, insurrection. Leading up to the election, Zuckerberg had been gradually showing a closer affinity with Trump. Trump has also previously threatened to imprison “election fraudsters,” including Zuckerberg, whom he seemed to reference in a July post on his Truth Social platform.

Persons: Donald Trump’s, Mark Zuckerberg, Zuckerberg, Trump, Donald Trump, ”, Tim Cook, Google’s Sundar Pichai, Andy Jassy —, “ Organizations: New, New York CNN, Meta, CNN, Trump, Mar, Wall Street Journal, Facebook, titans, Republican, CNBC Locations: New York, Menlo Park , California, Meta

☆ Elon Musk becomes the first person on earth to reach a net worth of $400 billion
▼ + stars: | 2024-12-11 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +2 min

Elon Musk’s net worth has reached $400 billion, according to Bloomberg, making him the first person ever to cross that mark. Behind his nearly $20 billion jump in wealth was a deal that shot up Musk’s rocket company SpaceX’s valuation to roughly $350 billion, Bloomberg reported Tuesday. The world’s wealthiest man is now roughly $136 billion richer since November 5, according to the Bloomberg Billionaires Index. As of December 10, before his wealth skyrocketed to $400 billion, he was already $140 billion richer than the second-richest man on Earth, Amazon founder Jeff Bezos. Musk’s record-breaking Tesla-shareholder-approved pay package, which was worth $101 billion, was rejected by a Delaware court last week.

Persons: Musk, Donald Trump, Tesla, Vivek Ramaswamy, Trump, Jeff Bezos Organizations: New, New York CNN, Elon Musk’s, Bloomberg, SpaceX, CNN, Boring Company, “ Department, Government, EV, Wall Street Locations: New York, Delaware

☆ Health care stocks fall as lawmakers, patients push for changes to their business models
▼ + stars: | 2024-12-11 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +2 min

PBMs have faced years-long scrutiny from Congress and the Federal Trade Commission over allegations they inflate drug costs for patients to boost their profits. The declining stocks include UnitedHealth Group , Cigna and CVS Health , which operate three of the nation's largest private health insurers and drug supply chain middlemen called pharmacy benefit managers, or PBMs. Shares of major health-care companies fell as much as 5% on Wednesday as investors feared pressure from lawmakers and patients could force changes to their business models. Elizabeth Warren, D-Mass., and Josh Hawley, R-Mo., would force the companies that own health insurers or PBMs to divest their pharmacy businesses within three years, the Journal reported. The largest PBMs – UnitedHealth Group's Optum Rx, CVS Health's Caremark and Cigna's Express Scripts – are all owned by or connected to health insurers.

Persons: Brian Thompson, Elizabeth Warren, Josh Hawley, Warren, PBMs, —, Bertha Coombs Organizations: New York Stock Exchange, Wall Street, Federal Trade Commission, UnitedHealth, CVS Health, Senate, Sens, CVS, Cigna's, FTC Locations: U.S

☆ Stocks making the biggest moves midday: Broadcom, GE Vernova, Stitch Fix, GameStop & more
▼ + stars: | 2024-12-11 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +5 min

GE Vernova — Shares of the energy equipment maker jumped more than 6% after announcing it would initiate a dividend of 25 cents per share and an initial $6 billion share repurchase authorization. Dave & Buster's posted a loss of 84 cents per share on revenue of $453 million for the third quarter. Analysts surveyed by LSEG anticipated a loss of 37 cents a share and $466 million in revenue. Patterson — The dental and animal health company soared 34% on the back of news that Patterson would be acquired by Patient Square Capital . Stitch Fix — Shares surged 44% after the online personal styling company raised its fiscal second-quarter revenue outlook.

Persons: Pinjalim Bora, Macy's, GE Vernova, Chris Morris, Buster's, LSEG, Duolingo, Patterson, General Motors, Bausch, Merrell, Krispy, — CNBC's Michelle Fox, Alex Harring, Hakyung Kim, Yun Li, Sarah Min, Pia Singh Organizations: Broadcom, Apple, JPMorgan, GE, Buster's Entertainment, Dave, Bank of America, GameStop, Patient Square, General, Citi, Stifel, JetBlue —, Street, Story3 Capital Partners, U.S . Pharmacy, CVS Health, Senate Locations: Detroit, U.S

☆ Walgreens could sell to private equity — and investors are thrilled
▼ + stars: | 2024-12-11 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

Walgreens is in talks to sell itself to private equity firm Sycamore Partners. Walgreens is considering selling itself to a private equity firm, in a deal that could be done early next year. Private equity firms typically buy companies they see as struggling and work to make them profitable before selling them as a whole or in parts after a couple of years. Walgreens and Sycamore Partners did not immediately respond to a request for comment sent outside regular business hours. AdvertisementAt least one other private equity firm has unsuccessfully tried to take Walgreens private.

Persons: cannibalization Organizations: Walgreens, Sycamore Partners, Street, Sycamore, CVS, Rite Aid, Walmart, Target, L Brands, KKR Locations: Sycamore

☆ The future of Rupert Murdoch's media empire is up for grabs — for now
▼ + stars: | 2024-12-10 | by ( Peter Kafka | ) www.businessinsider.com time to read: +4 min

Yup, it was right out of "Succession": Rupert Murdoch and his son Lachlan, fighting three other Murdoch children in court. That means Lachlan Murdoch will need to share control of his father's empire with three siblings when Rupert dies. Rupert Murdoch has argued that it was important to make sure Lachlan Murdoch ran the family business the way Rupert Murdoch ran it. I also contacted Rupert and Lachlan Murdoch's rep for comment. Instead, that discussion eventually prompted Rupert Murdoch to amend the family trust later that year to give Lachlan full control.

Persons: Rupert Murdoch, Lachlan, Murdoch, Rupert, Lachlan Murdoch, messier, James, Elisabeth, Prudence, didn't, Prudence —, Lachlan Murdoch's, Elisabeth's, Mark Devereux, — Organizations: Fox, Fox News, Street Journal, New York, The New York Times, Times, HBO Locations: Australia

Broadcom is another AI stock down on the back of Oracle's quarter. For the full year, Citi expects Broadcom's AI sales to grow to $15 billion in fiscal 2025 from $12 billion this year — a projection that looks light compared with other analysts. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Eaton, Donald Trump, Morgan Stanley, we'll, Buster's, Macy's, Jensen Huang, Jim, Jim Cramer's Organizations: CNBC, Nasdaq, Dow Jones, Google, Oracle, Nvidia, Walgreens Boots Alliance, Street Journal, Sycamore Partners, Club, Broadcom, Microsoft, Citi, JPMorgan, VMWare, GameStop, Traders, Jim Cramer's Charitable Locations: Wells Fargo

☆ Amazon's pharmacy business is expected to reach $2 billion in sales as shopper interest skyrockets, a top analyst says
▼ + stars: | 2024-12-10 | by ( Eugene Kim | ) www.businessinsider.com time to read: +2 min

Interest in Amazon's online pharmacy service rose to 45% from 34% last year. Amazon's online pharmacy business is drawing significantly more customer interest now, and it could generate roughly $2 billion in revenue this year, according to financial firm Evercore. AdvertisementIn a note published last week, Evercore analyst Mark Mahaney highlighted his firm's recent survey showing rising interest in and usage of Amazon Pharmacy. All this could result in roughly $2 billion in revenue for Amazon's pharmacy business, Evercore estimated, based on "several sources." Business Insider previously reported that Amazon's internal forecast showed its pharmacy business generating $1.8 billion in sales after recording $1.25 billion last year.

Persons: Mark Mahaney, Evercore, Mahaney Organizations: Amazon, Amazon Pharmacy, Wall Street, Walgreens

☆ Walgreens stock surges on report that it could be taken private
▼ + stars: | 2024-12-10 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Walgreens is reportedly looking to take itself private in a deal with Sycamore Partners, sending the stock nearly 20% higher Tuesday. The Wall Street Journal reported that the beleaguered drugstore giant and the private equity firm are discussing a deal that could be completed early next year. At the time, the company had said about a quarter of Walgreens stores were unprofitable, and the chain promised “imminent” changes. Selling to private equity “would be an elegant solution for extracting value for investors,” according to Neil Saunders, managing director of GlobalData. Even Dollar General’s growth has hurt drugstore chains in rural areas.

Persons: Sycamore, Tim Wentworth, Neil Saunders, ” Saunders, “ Organizations: New, New York CNN, Walgreens, Sycamore Partners, Street Journal, Walgreens Boots Alliance, CNN, CVS, Rite Aid, Target Locations: New York, Sycamore, drugstores

Luigi Mangione has been charged with murder in UnitedHealthcare CEO Brian Thompson's killing. Nick Mangione Sr. had 10 children, including Louis Mangione, Luigi Mangione's father. Representatives for Nino Mangione's office, in a statement to BI, declined to comment on the news of Luigi Mangione's arrest. A public filing from 2022 for the nonprofit Mangione Family Foundation lists Louis Mangione as vice president. Do you know Luigi Mangione?

Persons: Luigi Mangione, Brian Thompson's, Mangione, Brian Thompson, He's, Gilman didn't, Ted Kaczynski's, —, AppRoar, Stephen Lane, Penn, that's, hadn't, R.J, Martin, he'd, Josiah Ryan, Tim Urban, Jonathan Haidt, Michael Pollan, Nick Mangione, Louis Mangione, Luigi Mangione's, Nino Mangione, Nino Mangione's, Mark Rosario Organizations: Ivy League, University of Pennsylvania, Gilman School, BI, Model United Nations, CNN, Industrial Society, AppRoar, University of Pennsylvania's, Twitter, Pain Industry, Honolulu Civil, Wall Street, YouTube, Baltimore Banner, Hayfields Country, Republican, Associated Press, Greater, Greater Baltimore Medical Center, Foundation, New Jersey driver's Locations: Pennsylvania, New York, York, Baltimore, Hawaii, Honolulu, Ellicott City , Maryland, Hunt Valley , Maryland, Republican Maryland, Greater Baltimore, Altoona , Pennsylvania, New Jersey

☆ McKinsey reportedly promoted its smallest new partner class in years amid a consulting slowdown
▼ + stars: | 2024-12-10 | by ( Polly Thompson | ) www.businessinsider.com time to read: +2 min

McKinsey will promote about 200 people to partner this year, The Wall Street Journal reported. Partner payouts at the Big Four consultancies have been falling amid a tough climate for professional services. AdvertisementConsulting firm McKinsey is promoting one of the smallest groups in recent years to the level of partner. Partner payouts at the Big Four consultancies have fallen this year. UK partners received an average of £723,000 (about $938,000), compared with £761,000 (about $987,000) the previous year.

Persons: Doug Martin, General Mills Organizations: McKinsey, Street Journal, Big, Street, Business Locations: PwC

☆ Walgreens shares pop on report pharmacy chain could sell itself to PE firm Sycamore
▼ + stars: | 2024-12-10 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +1 min

Shares of Walgreens jumped nearly 25% on Tuesday on a report that the company is in talks to sell itself to private equity firm Sycamore Partners. Walgreens and Sycamore have been discussing a deal that could be completed early next year, The Wall Street Journal reported, citing people familiar with the matter. The report comes during a rough period for the retail pharmacy giant. Walgreens has reportedly been seen as a potential private equity target in the past. In 2019, private equity firm KKR made a roughly $70 billion buyout offer to the company, the Financial Times and Bloomberg reported at the time.

Persons: – Organizations: Walgreens, Sycamore Partners, Street Journal, KKR, Financial Times, Bloomberg Locations: Brookline , Massachusetts, Sycamore, U.S

☆ Russia fired 4 times as many drones and missiles at Ukraine in the past 3 months as it did a year earlier: report
▼ + stars: | 2024-12-09 | by ( Hannah Abraham | ) www.businessinsider.com time to read: +2 min

Russia launched more than 6,000 drones and missiles this fall, per The Wall Street Journal. AdvertisementRussia fired four times as many drones and missiles at Ukraine in the past three months compared to the same time a year ago, according to an analysis by The Wall Street Journal. Using data from the Ukrainian Air Force Command, the report said that Russia launched more than 6,000 drones and missiles in the war during September, October, and November. However, Russia has used a variety of tactics to overcome Ukrainian air defenses, including hitting Ukraine with a variety of drones and missiles at the same time. On Sunday, the Ukrainian air force said it shot down 28 out of 74 drones launched by Russia in a night attack targeting Ukraine.

Persons: HUR, George Barros, — they've, Vladimir Putin Organizations: Street Journal, Russia, Wall Street, Ukrainian Air Force Command, Ukraine, Institute for, Sky News Locations: Russia, Ukraine, Ukrainian, Russian, Ukraine's Dnipro

☆ Apple overtakes Microsoft as the best-managed company in the US
▼ + stars: | 2024-12-09 | by ( Polly Thompson | ) www.businessinsider.com time to read: +2 min

Apple has topped the Drucker Institute's annual ranking of the 250 best-managed companies in the USFellow tech giants Nvidia, Microsoft, and Intel all made the top 10. CEO Tim Cook has shepherded Apple to the top of the Drucker Institute's 2024 ranking of America's best-run companies. Nic Coury / AFP via Getty ImagesApple's innovation score in the Drucker Institute's ranking helped boost it to the top spot. In the top 25 of the ranking, only Apple, Microsoft, Amazon, and Walmart scored higher than 90 points for innovation. Alongside a high score for innovation, Apple also ranked second highest in the ranking for its financial performance.

Persons: Drucker, America's, Tim Cook's, Johnson, Philip Morris, Tim Cook, Nic Coury Organizations: Apple, Nvidia, Microsoft, Intel, Drucker, Adobe, Mastercard, Johnson, Procter, Gamble, Philip Morris International, Drucker Institute, New York Stock Exchange, Nasdaq, Market, Getty, Walmart, Apple Intelligence Locations: AFP, Cupertino

☆ The $13 billion Omnicom-IPG megamerger reflects a new era as Big Tech and AI upend the ad industry
▼ + stars: | 2024-12-09 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +8 min

Omnicom and Interpublic Group plan a $13.25 billion merger that would create the world's largest ad-agency company. Industry insiders say the deal reflects an ad sector under threat from Big Tech and AI. Being big matters as the industry wrestles with disruption from the might of Big Tech players and the advent of artificial intelligence. The $13.25 billion all-stock deal would merge Omnicom's creative and media-buying agencies, such as BBDO and Omnicom Media Group, with IPG's McCann Worldgroup and Mediabrands. The research firm Forrester said last year that the rise of automation could lead to the loss of 33,000 jobs within ad agencies by 2030.

Persons: IPG's McCann Worldgroup, Marcel, Publicis, Simon Nicholls, Martin Sorrell, Omnicom, hasn't, Laura Desmond, Philippe Krakowsky, Wren, Sorrell, John Wren's, Forrester, Simon Francis, Francis, creatives, John Wren, Publicis Groupe's, Maurice Levy, Spencer Platt, it's, Greg Paull, Kennedy Organizations: Industry, Big Tech, Interpublic, Wall Street Journal, Omnicom Media, Groupe, Analysts, WPP, Capital, Adobe, General Motors, Pfizer, Microsoft, Omnicom, Flock Associates, Getty, Publicis Groupe

☆ Analysis: Trump lays out 100-day plan in interview
▼ + stars: | 2024-12-09 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +21 min

Here are key lines from NBC’s interview, along with some context:What will Trump accomplish in his first 100 days? It’s not entirely clear what Trump meant by arguing in the NBC interview that the US is subsidizing Canada and Mexico. I don’t say you use them like a madman. Trump would not definitely say he’ll fire FBI Director Christopher WrayWell, I can’t say I’m thrilled with him. I think that they’ll have to look at that, but I’m not going to — I’m going to focus on drill, baby, drill.

Persons: CNN — Donald Trump, Kristen Welker, NBC’s, ”, Trump, we’re, Pete Hegseth —, Hegseth, Biden, Justin Trudeau, Claudia Sheinbaum, “, It’s, he’s, ” Trump, Trump’s, Welker, ‘, we’ve, ’, hasn’t, I’ve, Will, we’ll, Kash Patel, Joe Biden, I’m, Pam Bondi, She’s —, Liz Cheney, Christopher Wray Well, Patel, Wray, Kash, He’s, Cheney, Bennie Thompson, Robert F, Kennedy Jr, Jeff Bezos, Mark Zuckerberg, Vladimir Putin, Volodymyr Zelensky, I’ll, don’t, ’ Trump, Melania, it’s, MAGA Organizations: CNN, Press, Department, Trump, Department of Justice, NBC, Democratic, Fox News, Canadian, Wall Street, US International Trade Commission, Dreamers, Affordable, FBI, National Archives, Republican, Health, Human Services, RFK Jr, Elon, Social Security Locations: America, Trump, Mexico, Canada, China, Taiwan, Whirlpool, Ohio, Alaska, Missouri, Florida, Trump’s Florida, New Jersey, Ukraine, Europe, Russia, Russian

☆ Reddit begins testing AI-powered answers feature to win more users
▼ + stars: | 2024-12-09 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +4 min

A small portion of Reddit's U.S. user base will have access to the Reddit Answers feature as part of an initial test before the company rolls the feature out more broadly. Reddit Answers is available via a new button on the company's homepage. Reddit Answers is more "about building a bridge to the content than it is about being a replacement for it," said Piantino. People will be able to use Reddit Answers to query any topic except those deemed NSFW, or not safe for work, Piantino said. With Reddit Answers, the company may be able to get more users to search for Reddit content on the platform, reducing the company's reliance on Google for traffic.

Persons: Steve Huffman, Piantino, Huffman, Reddit, Reddit isn't Organizations: Reddit, WSJ Tech, Wall, BMW, CNBC, Google Locations: Laguna Beach , California, U.S

☆ Disney Treasure prepares for its maiden voyage amid major cruise expansion
▼ + stars: | 2024-12-09 | by ( Nora Redmond | ) www.businessinsider.com time to read: +2 min

The Disney Treasure embarks on its maiden voyage later this month. Disney plans to double the size of its cruise fleet in the coming years. AdvertisementThe 1,119-foot-long Disney Treasure is set to make its maiden voyage from Port Canaveral, Florida later this month as the entertainment giant embarks on a major expansion of its cruise operations. The Treasure is one of seven new liners Disney plans to launch by 2031, more than doubling its fleet. AdvertisementThe Disney Treasure was christened in New York City in November 2024.

Persons: Thomas Mazloum, Bob Iger, Singer Jordin Sparks, Craig T Fruchtman, Disney, Iger, Donald Trump Organizations: Disney, Street Journal, Disney Destiny, ABC Locations: Port Canaveral , Florida, New York City, Singapore

☆ What Ultrawealthy Investors Who Want to Buy TikTok Would Do With It
▼ + stars: | 2024-12-08 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +7 min

Related Video TikTok could be banned in US after House vote"Unfortunately, the TikTok ban was conceived and pushed through based upon inaccurate, flawed, and hypothetical information, resulting in outright censorship of the American people," TikTok's statement read. With the app's uncertain future in the United States, a slate of ultrawealthy investors has expressed interest in buying the social media platform. AdvertisementHere's what those who've said publicly that they want to buy TikTok would do with the platform if they acquired the app. Advertisement"Now that the Court has spoken, The People's Bid is prepared to move forward with our bid for TikTok," McCourt's statement reads. Walmart and the software company Oracle also assembled a bid to buy TikTok in 2020, but TikTok ultimately defeated Trump's orders in court and the acquisition plans did not materialize.

Persons: they've, TikTok, Kevin O'Leary, Frank McCourt, who've, O'Leary, Steven Mnuchin, Mnuchin, Bobby Kotick, Kotick, Sam Altman, McCourt, Ellis, Donald Trump, ByteDance, Trump's Organizations: Appeals, District of Columbia Circuit, Dodgers, Business, CNBC, TikTok, Bloomberg Television, Street, Activision, Allen, Co, Kotick, McCourt Global, Liberty, Guggenheim Securities, Kirkland, Microsoft, Walmart, Oracle, Business Insider Locations: United States, China, America, Beijing, American

The broad market S&P 500 climbed 0.25% to 6,090.27. The Dow Jones Industrial Average slipped 123.19 points, or 0.28%, to close at 44,642.52. The S&P 500 and Nasdaq went on to their third straight positive week as well, rising 0.96% and 3.34%, respectively. The unemployment rate nudged up to 4.2%, as expected. Following the not-too-hot, not-too-cold unemployment data, fed funds futures trading data reflected an 85% likelihood of another rate cut in two weeks to 85%, according to the CME Group’s FedWatch Tool.

Persons: Dow, Dow Jones, ”, Luke O’Neill, “ It’s, Jerome Powell Organizations: Nasdaq, Federal Reserve, Tech, Dow Jones, Dow, Catalyst Funds, Fed Locations: U.S

☆ 5 places to travel while the US dollar is strong to get the most bang for your buck
▼ + stars: | 2024-12-07 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +4 min

The strong US dollar can go further in countries with weaker currencies. A weaker currency generally attracts travelers, but makes it more expensive for the residents of that country to travel abroad. Likewise, a strong currency can raise outbound travel demand, but might deter international tourists from visiting that country. A place with a weaker currency compared to the US dollar is one way to maximize that value. AdvertisementHere are five popular tourism destinations where Americans can take advantage of the strong US dollar.

Persons: Amir Eylon, Eylon, NetVoucherCodes Organizations: Longwoods, Japan National Tourism Organization, Wall Street, Argentine Locations: Japan Japan, Japan, Egypt Egypt, British, Argentina, Africa, Brazil

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