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With retirement on the horizon, saving in your 50s can be more stress-inducing than in previous years of your life. In fact, when compared with those in their 20s, 30s and 40s, Americans in their 50s put away the least amount of money last year, saving an average of $4,780, according to data from New York Life. People in their 30s saved the most, with an average of over $9,800 saved. Americans in their 50s also fell short of their goal of saving around $5,630. Some people in their 50s also "still have never learned to live within their means," he says.
Persons: Wes Shannon, Read, Shannon Organizations: New York, Brazos Wealth Advisors Locations: New
Within days, millions of TikTok videos using music from Universal artists went mute, and since then guessing which side would blink first has become a media-business parlor game. Backing this up, one study found that TikTok users reported experiencing higher levels of flow than Instagram users. Corey Basch, who analyzed 100 popular TikTok videos with the hashtag mentalhealth for a 2022 study, emerged concerned about the looping effect of the algorithm. Cerave Sales increased by more than 60 percent in 2020 after skin care became a lockdown pastime and TikTok users discovered the drugstore mainstay. Cat Crack Catnip It briefly sold out in 2021 after TikTok users posted videos of their cats going crazy for it.
Persons: randos, TikTok, you’ve, Sydney Sweeney, Glen Powell, , “ Wonka, Barbie, “ Oppenheimer, , goofing, cavorting, Sue Fleishman, Z’s Walter Cronkite, Spehar, Donald J, Trump, he’s, Caitlin Clark’s, Joe Biden, Justin Bieber, Abbie Richards, Richards, Britney Spears, Taylor Swift, Olivia Rodrigo, Lil Nas X, Fleetwood Mac, Rodrigo, Billie Eilish, Drake, Swift, ByteDance, can’t, Mark Warner, hasn’t, Al, ear on, Li Organizations: Fleetwood Mac, Facebook, Sony, Universal, Warner Bros, White, Pew Research Center, YouTube, The New York Times, Kansas City Chiefs, Media, Colgate, Universal Music Group, ByteDance, Intelligence Committee, e Locations: United States, Beijing, Biden’s, TikTok, Singapore, View, Calif, China, American
After a degree in fine art, Lambert imagined he would become an art teacher, but a chance meeting with an art dealer who hired him as an assistant set him on a different path. Then, after a stint at another dealership, he opened his own gallery in September — Lambert Fine Art — in the British town of Stratford-upon-Avon. Dealing in art is a trade Lambert described as "unusual," because art is often a purchase driven by emotion rather than need. 'The business needs new blood'The world of art dealing can be intimidating to new entrants, according to Olya Johnson, an interior architect and co-founder of art and interiors business Relic, which she set up in 2023. Risks of dealing artThe occupation can also be risky, because dealers often own multiple pieces of art without knowing when they will be sold, according to the dealers CNBC spoke to.
Persons: , Mark Lambert, Andy Warhol, Pablo Picasso, Claude Monet, Lambert, , — Lambert, " Lambert, Olya Johnson, Johnson, Rasid, Relic, Colefax, Fowler, Natalie Vosloo, it's, Tom Rooth, Jack Roberts, I've, Roberts, David Hockney, Jeff Koons, Damien Hirst, Banksy, Shannon Finney Organizations: Art, CNBC, — Lambert Fine Art, Fair, Anadolu, Getty, Washington , DC Locations: Stratford, Avon, London, Battersea Park, Washington ,
My daughter is on the softball, volleyball, and cross country teams at her small high school. I can't even begin to count how many hours and how much money we've invested in her school sports. Now that she is in high school, she is a member of the volleyball, softball, and cross-country teams. Some parents I know have insinuated that high school sports aren't worth the time, but I've found some rewarding benefits. For that reason alone, I believe the time and money we've spent is well worth it.
Persons: we've, , I've, isn't, she's, She'll, We've, She's, chatted, It's Organizations: Service, Sports
Washington CNN —Americans haven’t been stashing money into their savings accounts like they used to, according to government statistics. Put together, this may have resulted in “a structurally lower saving rate,” according to the report. What does the lower saving rate of nowadays say about the US consumer? Households are continuing to spend at these elevated rates and one reason is because of the lower saving rate. You’re just not seeing a reversal back to pre-Covid levels, which isn’t shocking when you look back historically to what has happened to the saving rate.
Persons: haven’t, , Wells, Bell, Shannon Seery Grein, There’s, they’ve, we’ve, Matt Egan, ” Paul Knopp, Read, Goldman Sachs, Charles Schwab, Lorie Logan, Mary Daly, Johnson, Morgan Stanley, Jerome Powell, Loretta Mester, John Williams, Raphael Bostic, Austan Goolsbee Organizations: Washington CNN, Wells, KPMG, CNN, Gallup, T Bank, US Commerce Department, National Association of Home Builders, China’s National Bureau of Statistics, Johnson, Bank of America, PNC, The Bank of New York Mellon, Northern Trust, United Airlines, Federal Reserve, Abbott Laboratories, Discover, Citizens, Cleveland Fed, Taiwan Semiconductor Manufacturing, Netflix, Alaska Air, National Association of Realtors, Fed, US Labor Department, Procter & Gamble, American Express . Chicago Fed Locations: Wells Fargo, United States, Europe, UnitedHealth, Blackstone
New York CNN —Shares of Trump Media & Technology Group are in free fall. Trump Media is now trading below $31. Trump owns a dominant stake of 78.8 million shares in the company, which generates little revenue and is losing users. At the closing high for Trump Media’s stock price, the former president’s stake was valued at $5.2 billion. Trump Media disclosed losing $58 million in 2023 on very light revenue of just $4.1 million.
Persons: Donald Trump’s, Trump, , Shannon Devine, Capital’s Matthew Kennedy, Billionaire Barry Diller, ” Shannon Devine, it’s Organizations: New, New York CNN, Trump Media & Technology Group, Trump Media, Nasdaq, Trump, Big Tech, ” Trump Media, CNN, Expedia, People Magazine, IAC, CNBC Locations: New York
Trump’s About-Face on Abortion
  + stars: | 2024-04-10 | by ( Sabrina Tavernise | Lisa Lerer | Rob Szypko | ) www.nytimes.com   time to read: 1 min
Listen and follow The DailyApple Podcasts | Spotify | Amazon MusicBy the time his first term was over, Donald J. Trump had cemented his place as the most anti-abortion president in U.S. history. Now, facing political blowback, he’s trying to change that reputation. Lisa Lerer, a national political correspondent for The Times, discusses whether Mr. Trump’s election-year pivot can work.
Persons: Donald J, Trump, Lisa Lerer, Trump’s Organizations: Spotify, The Times
Equal Employment Opportunity Commission alleging they were fired based on their age or out of retaliation, according to company securities filings and the proposed countersuit. Bowlero says that Tanase resigned and then had a change of heart when he realized he wouldn't get severance pay. Now, Tanase is seeking the court's permission to countersue Bowlero and the company's executive vice chairman, Brett Parker. I've told you this before," said Tanase, according to the transcript. He also claims Bowlero sued him to deter him from filing a complaint with the EEOC or serving as a witness in its investigation into Bowlero.
Persons: Bowlero's, Thomas Tanase, Bowlero, Tanase, Thomas Shannon, countersue Bowlero, Brett Parker, Parker, Daniel Dowe, he'd, haven't, I've, Alex Spiro, Quinn Emanuel, Elon Musk, Alec Baldwin, Spiro, Scott Pickus, Pickus, Shannon Organizations: Bowlero, U.S, AMF, Lucky, Federal, CNBC, FBI, Elon Locations: Virginia, North America, Bowlero
Trump Media stock sinks to post-merger low
  + stars: | 2024-04-05 | by ( Matt Egan | ) edition.cnn.com   time to read: +1 min
CNN —Shares of Truth Social owner Trump Media & Technology Group tumbled 12% on Friday, sinking to their lowest level since the company went public last week. Despite this week’s losses, Trump Media shares have still spiked by more than 130% so far this year. Trump Media recently disclosed losing $58 million last year on very light revenue of just $4.1 million. Barry Diller, the billionaire chairman of Expedia and People Magazine owner IAC, told CNBC on Thursday that Trump Media is a “scam” and people buying the stock are “dopes.”“I mean, it’s ridiculous,” Diller said on CNBC. “The company has no revenue.”A Trump Media spokesperson denounced critics of the company.
Persons: Donald Trump’s, Barry Diller, , ” Diller, Trump, ” Shannon Devine Organizations: CNN, Social, Trump Media & Technology Group, Trump Media, Nasdaq, Trump Media’s, Wall Street, Expedia, People Magazine, IAC, CNBC Locations:
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Trivariate's Adam Parker and NB Private Wealth’s Shannon SaccociaAdam Parker, Trivariate Research CEO, and Shannon Saccocia, chief investment officer of NB Private Wealth, join 'Closing Bell' to discuss his Q2 market outlook and reflect on his takeaways from the first quarter.
Persons: Trivariate's Adam Parker, Wealth’s Shannon Saccocia Adam Parker, Shannon Saccocia Organizations: Trivariate, Wealth
CNN —Crews are working to remove the first portion of Baltimore bridge wreckage – the starting point in a complicated, extensive cleanup process that could help open up a temporary channel to get more vessels into the water around the collapse site, officials said. In the meantime, conditions in the water make it unsafe for divers as pieces of the bridge remain submerged in the water. The port “handles more cars and more farm equipment more than any other port inside this country,” the governor said. Plus, “at least 8,000 workers on the docks have jobs that have been directly affected” by the collapse. In order to reopen the port, the Coast Guard says it will first clear debris from the deep draft channel, remove the ship, then clear debris from the bridge across the waterway.
Persons: CNN — Crews, Wes Moore, It’s, Francis Scott Key, Baltimore Mayor Brandon Scott, Moore, ” Moore, Shannon Gilreath, you’ve, , it’s, ” Gilreath, Al Drago, Roland L, Butler, Mark Martin, ” Martin, Martin, Organizations: CNN, , ” Maryland Gov, Authorities, Baltimore Mayor, US Coast Guard, Coast Guard, Baltimore Gas and Electric Company, Bloomberg, Getty, SalvOcean Locations: Baltimore, ” Maryland, Maryland, Port of Baltimore, , Patapsco, Baltimore Harbor
The cargo ship Dali sits in the water after running into and collapsing the Francis Scott Key Bridge on March 26, 2024 in Baltimore, Maryland. Engineers in Maryland on Saturday began lifting a piece of Francis Scott Key Bridge out of the waterway in Baltimore, the first step in a long process to reopen the city's shipping port. "I cannot stress enough how important today and the first movement of this bridge and the wreckage is," said Gov. To execute the first lift of the bridge on Saturday, engineers cut a piece of the bridge to make it manageable for their crane. "Our economy depends on the Port of Baltimore and the Port of Baltimore depends on vessel traffic."
Persons: Dali, Francis Scott Key, Wes Moore, Baltimore Mayor Brandon Scott, Joe Biden, we've, Shannon Gilreath, Moore Organizations: Francis Scott Key Bridge, Baltimore , Maryland . Engineers, U.S . Coast Guard, Baltimore Mayor, Government, Coast Guard, Port Locations: Baltimore , Maryland, Maryland, Baltimore, Port of Baltimore, U.S
But being the parent of a girl in the age of social media is scary — even when you try to do everything right. When social media entered the picture, my daughter and I had conversations about safetyWhen my daughter told me she wanted to join Snapchat, she had good reasons. He was no longer in high school and was trying to meet underage girls. AdvertisementI decided not to limit her social media usageEven when you and your daughter do your best to use social media wisely and with caution, it's incredibly difficult to navigate safely. Whether parents like it or not, social media has become an important way of communication in this day and age.
Persons: Weeks, unfriended Organizations: Snapchat
Crews in Baltimore on Saturday were working on pulling the first piece of wreckage out of the water after the collapse of the Francis Scott Key Bridge, a tangible sign of progress in the daunting effort to reopen the busy waterway. Rear Adm. Shannon Gilreath of the U.S. Coast Guard said at a news conference that his crew was aiming to lift the first segment of the bridge “just north of that deep draft shipping channel.” He added, “Much like when you run a marathon, you’ve got to take the first few steps.”The bridge was a critical transportation link to one of the largest ports in the United States, and the collapse is costing the region and the country millions of dollars the longer it is out of operation. More than 8,000 workers on the docks have been directly affected, Gov. Wes Moore of Maryland said. Mr. Moore said cutting up and removing the north sections of the bridge “will eventually allow us to open up a temporary restricted channel that will help us to get more vessels in the water around the site of the collapse.”
Persons: Crews, Francis Scott Key, Shannon Gilreath, you’ve, Wes Moore, Moore Organizations: U.S . Coast Guard, Gov Locations: Baltimore, United States, Maryland
Listen and follow The DailyApple Podcasts | Spotify | Amazon MusicWarning: this episode contains descriptions of violence. It’s been nearly six months since the Hamas-led attacks on Israel, when militants took more than 200 hostages into Gaza. In a village called Nir Oz, near the border, one quarter of residents were either killed or taken hostage. Yocheved Lifshitz and her husband, Oded Lifshitz, were among those taken. Today, Yocheved and her daughter Sharone tell their story.
Persons: It’s, Nir Oz, Yocheved Lifshitz, Oded Lifshitz, Yocheved, Sharone Organizations: Spotify Locations: Israel, Gaza
The Chesapeake 1000 – the largest crane on the East Coast – is needed in the Patapsco River where a 984-foot cargo vessel slammed into the bridge Tuesday. Live updates: The latest on the Baltimore bridge collapseIn addition to the crane, three heavy lift vessels are expected to start arriving Friday, US Transportation Secretary Pete Buttigieg told CNN. This appraisal is critical in determining how small to cut the bridge pieces so cranes can lift them, he said. In addition to the human toll, the destruction of the Key Bridge and closure of the Port of Baltimore could lead to widespread economic fallout. In this NTSB handout, an investigator examines the collapsed Francis Scott Key Bridge from the cargo vessel Dali on March 27 in Baltimore.
Persons: Francis Scott Key, Pete Buttigieg, Wes Moore, Julia Nikhinson, ” Moore, Shannon Gilreath, Moore, Maryland Sen, Chris Van Hollen, Buttigieg, , Jennifer Homendy, Homendy, Marcel Muise, Dali, Peter Knudson, CNN’s Justin Lear, Andy Rose, Sarah Dewberry, Chris Isidore, David Goldman, Greg Wallace, Elise Hammond, Tori B, Powell, Sania Farooqui, Chris Boyette Organizations: CNN, Maryland Gov, Authorities, US Coast Guard, National Transportation Safety, Army Corps, Maryland Department of Labor, National Transportation, NTSB, India’s Ministry, External Affairs Locations: Patapsco, Baltimore, Maryland, Port, Port of Baltimore, America, New York, New Jersey, Vedika Sud
The others were presumed dead, and officials said search efforts had been exhausted. Investigators on Wednesday began collecting evidence from the vessel that struck the Francis Scott Key Bridge the previous day. U.S. Coast Guard Rear Admiral Shannon Gilreath said authorities had been informed that the ship was going to undergo the maintenance. "We were informed that they were going to conduct routine engine maintenance on it while it was in port. Video showed the ship moving at what Maryland's governor said was about 9 mph (15 kph) toward the 1.6-mile (2.6-kilometer) bridge.
Persons: Francis Scott Key, Roland L, Butler Jr, Alejandro Hernandez Fuentes, Dorlian Ronial Castillo Cabrera, Butler, Wes Moore, Shannon Gilreath, Jennifer Homendy, Homendy, Moore, Watson, Pete Buttigieg, Biden, Buttigieg, Gilreath Organizations: Fire, Bloomberg, Getty, U.S . Coast Guard, Maryland State Police, Maryland Gov, . Coast Guard, National Transportation Safety Board, Coast Guard, Homeland Security, Associated Press, Synergy Marine Group, Grace Ocean Private Ltd, White House, Transportation, World Association, Transport Infrastructure Locations: Baltimore, Dali, Patapsco, Baltimore , Maryland, U.S, Maryland, Mexico, Guatemala, Dundalk , Maryland, Honduras, El Salvador, Sri Lanka, Singapore, Port, Germany, Japan, United Kingdom, Windward, Annapolis
CNN —Sean “Diddy” Combs once traced his success back to a pair of shoes. With his legacy in question, this particular chapter of the story of Sean “Diddy” Combs is currently punctuated more by an ellipsis than a period. Jessie James Combs, Chance Combs, Diddy, D'Lila Combs and Justin Dior Combs attend in September of 2023. Members of law enforcement are seen outside of Sean "Diddy" Combs' home in Los Angeles on Monday. He was briefly stopped by law enforcement and subsequently releasedThe source would not reveal Combs’ vacation destination or current whereabouts.
Persons: Sean “ Diddy ” Combs, , Combs, he’s, Puffy, Diddy, Love, Christopher Wallace, B.I.G, Wallace, Chance ”, Sean Combs, , Faith Evans, ” Combs, Wendy Williams, Wallace’s, Justin, Misa Hylton, Kim Porter, Christian, Twin, Jessie James, Jessie James Combs, Chance Combs, D'Lila Combs, Justin Dior Combs, Jason Kempin, Chance, Sarah Chapman, Dana Tran, Sean Jean, — Combs, wasn’t, Sean John, Sean John’s, Sean, Shannon Stapleton, “ Sean Combs, Cassie Ventura, ” Aaron Dyer, ” Dyer, Mary J, Blige, MGK, Janelle Monáe, CNN’s John Miller, Elizabeth Wolfe, Eric Levenson, Denise Royal, Elizabeth Wagmeister, Carlos Suarez Organizations: CNN, Department of Homeland Security, Bad Boy Records, Ciroc, Global Brands Group, Diageo PLC, Reuters, Diageo, Bad Boy Entertainment, Miami Locations: Manhattan, Quincy, Los Angeles, Miami
A black box has been recovered from the ship that crashed into a Baltimore bridge. The Dali, a Singapore-flagged cargo ship, hit Baltimore's Francis Scott Key Bridge early Tuesday. AdvertisementWhat exactly went wrong to cause the Baltimore bridge collapse this week? Officials on Wednesday recovered the ship's black box data recorder, which could help investigators piece together what caused the crash. The Singapore-flagged Dali cargo ship crashed into the Francis Scott Key Bridge in Baltimore, Maryland, early Tuesday morning, causing it to collapse.
Persons: Dali, Baltimore's Francis Scott Key, , Jennifer Homendy, Guy Platten —, Francis Scott Key, Wes Moore, James Wallace, Shannon Gilreath Organizations: Baltimore's Francis Scott Key Bridge, Service, Transportation Safety Board, CBS News, International Chamber of Shipping, Bloomberg, Bloomberg Radio, Baltimore, Maritime, Port Authority, Synergy Marine, Baltimore Fire Department, US Coast Guard Locations: Baltimore, Singapore, Baltimore , Maryland, Colombo, Sri Lanka, Maryland, Asia Pacific
Six construction workers went missing during the Francis Scott Key Bridge collapse. AdvertisementThe six construction workers who went missing after Baltimore's Francis Scott Key Bridge collapsed are presumed dead, a US Coast Guard official said on Tuesday night. Gilreath told reporters that they were suspending active search-and-rescue efforts on Tuesday at 7:30 p.m., local time. AdvertisementBaltimore's Francis Scott Key Bridge had collapsed on Tuesday morning after it was struck by a Singapore-flagged cargo ship, the Dali. BREAKING: Ship collides with Francis Scott Key Bridge in Baltimore, causing it to collapse pic.twitter.com/OcOrSjOCRn — BNO News (@BNONews) March 26, 2024The Francis Scott Key Bridge is a key node within Baltimore's transportation network.
Persons: Francis Scott Key, , Baltimore's Francis Scott Key, we've, Shannon Gilreath, Gilreath, Roland L, Butler Jr, Butler, Kevin Cartwright, Dali, Paul Wiedefeld, James Wallace Organizations: Coast Guard, Service, US Coast Guard, Maryland State Police, Baltimore Fire Department, New York Times, BI, Maryland Transportation Locations: Singapore, Dali, Colombo, Sri Lanka, Baltimore, Maryland
Two "Real Housewives" stars have filed suits alleging mistreatment and a hostile workplace. She returned to the franchise for the fourth season of the spinoff "The Real Housewives Ultimate Girls Trip," where cast members from various series within the franchise go on a vacation together. The incident in question never aired — the entire season was shelved and its premiere date swapped with a different season, "The Real Housewives Ultimate Girls Trip: RHONY Legacy," which aired instead. Mr. Cohen never used cocaine with any cast member on any Real Housewives show or with any other Bravo employee." Former "Real Housewives of Atlanta" star NeNe Leakes has also accused Cohen and Bravo of racist behavior, insinuating it's why she left the show.
Persons: Bravo, Andy Cohen's, , Andy Cohen, Cohen, Peacock, Caroline Manzo, Manzo, Brandi Glanville, Glanville, isn't, Derek Smith, Mr, Glanville's, Matt Lauer, Kate Chastain, Brandi, they've, Leah McSweeney, McSweeney, costars, Lisa Shannon, Leah, she'd, Cohen's, Ms, McSweeney's, didn't, Bethenny Frankel, Frankel, Frankel aren't, Eboni K, Williams, costars Luann, Lesseps, Sonja Morgan, Ramona Singer, NeNe Leakes, Monique Samuels, Candiace Dillard Bassett, Samuels Organizations: Housewives, Service, Bravo, Shed Media, Housewives of, BI, Beverly Hills, Warner Bros, NBC, New, People, Real Housewives, Atlanta Locations: Housewives of New Jersey, Morocco, Glanville, New York City, York
CNN —A glowing worm moon will light up the sky on Monday with a celestial performance in store for people venturing out in the early morning hours — a penumbral lunar eclipse. The moon looks slightly darker during a 2023 penumbral lunar eclipse in Banda Aceh, Indonesia. It’s not going to be a super dramatic change in what we see in the moon,” Schmoll said. The penumbral eclipse comes about two weeks before a total solar eclipse that will cross Mexico, the United States and Canada on April 8. While a penumbral eclipse is not as dramatic as a total lunar eclipse with the moon appearing an eerie red, there is no special equipment required to view a lunar eclipse such as the viewing glasses needed for a solar eclipse, Schmoll said, allowing for lunar eclipses to be viewed with the naked eye.
Persons: Mahyuddin, Dr, Shannon Schmoll, “ It’ll, It’s, ” Schmoll, you’re, Schmoll, • Lyrids, Alpha Capricornids, Perseids, Draconids, Orionids, Leonids, Geminids, Ursids Organizations: CNN, Farmers, Getty, Michigan State University, NASA, American Meteor Society, Alpha Locations: Banda Aceh, Indonesia, AFP, Europe, North, East Asia, Australia, Africa, North America, South America, Mexico, United States, Canada, Asia
Republicans are expected to hold the seat easily, and the party’s fragile majority in the chamber is not at stake. The district, which cuts through the Central Valley farm belt including parts of Bakersfield and Fresno, is the most strongly Republican seat in heavily Democratic California. Fong and Boudreaux have advanced to the November election in that contest. The special election only covers the time remaining in McCarthy’s term, running through early next year. But there is an insider-outsider aspect to the race: Fong is McCarthy's handpicked choice and a product of his political operation, while the sheriff is not.
Persons: Donald Trump, Kevin McCarthy, Vince Fong, McCarthy, Mike Boudreaux, Joe Biden, , Fong, Marisa Wood, Boudreaux, Boudreaux's, ” Fong, Ryan Gardiner, Trump, , Ric Grenell, Sen, Shannon, McCarthy's Organizations: ANGELES, GOP, Republicans, Republican, Trump Locations: California, Tulare County, Bakersfield, Fresno, Democratic California, Shannon Grove, Kern County, Tulare, Kings, Fresno County
The drop in Trump's small-dollar contributors could be significant obstacle as the former president faces the well-funded incumbent president, Democrat Joe Biden. Falling behind BidenEvidence from earlier in the 2024 election cycle already hinted at an erosion of Trump's small-dollar donor base, or support of $200 or less. In January of this year, Trump's campaign reported raising around $3 million from small-dollar donors, according to data from OpenSecrets. Elizabeth Frantz | ReutersMeanwhile, Trump's campaign told The New York Times that February was its strongest month so far in the 2024 campaign cycle for small-dollar donations. Between Jan. 1 and Dec. 31, 2020, Trump's campaign raised over $264 million from small-dollar supporters.
Persons: Donald Trump, Marco Bello, Reuters Donald Trump's, Joe Biden, Biden, Trump's, Elizabeth Frantz, Trump, Shannon Stapleton, John Paulson, Howard Lutnick, Letitia James, Steve Schwarzman, Miriam Adelson, Denise Truscello, Stephen Louro, Long, Louro, Greg Abbott, Elise Stefanik, Haley, Nikki Haley, MAGA, Adrienne Arsht, Mike Segar, Paul Singer, Singer, Paul Singer David A, Singer's, Lara Trump, Jonathan Drake Organizations: Reuters, White, Republican Party, Federal, Commission, U.S, Capitol, Washington , D.C, New York Times, CNBC, Trump, Republican National Committee, RNC, New York, Court, Trump Organization, AFP, Getty, PAC, Democrats, Blackstone, Cleveland Clinic Lou, Brain Health, MGM, Garden, Hamptons, Republican, New York Republican, Republican Texas Gov, South Carolina Gov, Former South Carolina, NBC News, Adrienne, Adrienne Arsht Center, Performing Arts, Republicans, Haley, Grogan, American Opportunity Alliance, Politico, North, North Carolina GOP Locations: Lago, Palm Beach , Florida, U.S, Washington ,, New York City, Las Vegas , Nevada, York, Former, Miami , Florida, Houston, New York, North Carolina, Greenville , North Carolina
TikTok: Is it really Chinese?
  + stars: | 2024-03-18 | by ( Laura He | ) edition.cnn.com   time to read: +8 min
Is TikTok Chinese? In March 2023, CEO Chew was repeatedly pressed by US lawmakers on whether TikTok was Chinese. According to TikTok’s own website, its subsidiaries around the world are all structured under Bytedance Ltd.Is ByteDance Chinese? At last year’s congressional hearing, Chew didn’t directly answer any questions about whether ByteDance is a Chinese company either. That means the Chinese government now owns 1% of Beijing Douyin Information Service, which is the domestic Chinese unit of Bytedance.
Persons: TikTok, Shou Chew, Trump, Chew, Jose Luis Magana, Musical.ly, TikTok’s, ByteDance, Zhang Yiming, Liang Rubo, Zhang, Liang, Jinri, Chew didn’t, Shannon Stapleton, Zhang Fuping, Xi Jinping, Wu Shugang, Shu Yuting Organizations: Hong Kong CNN, TikTok LLC, TikTok Ltd, ByteDance Ltd, Bytedance Ltd, Tianjin’s Nankai University, ByteDance, Carlyle Group, General Atlantic, Susquehanna International Group, Reuters, Communist, Cyberspace Administration, Beijing Douyin Information Service, Chinese Communist Party, National Intelligence Law, Commerce Ministry Locations: China, Hong Kong, United States, Beijing, California, Los Angles, Singapore, Delaware, Culver City , California, Cayman Islands, Shanghai, Chinese, TikTok
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