The clock is ticking for TikTok. China-based ByteDance now has about a year to divest TikTok or it will be banned in the United States. CEO Shou Zi Chew is vowing to fight the new bill signed into law Wednesday by President Joe Biden.
The owner of former President Donald Trump’s Truth Social wants Congress to investigate if someone is illegally manipulating the company’s stock price, according to a letter made public Wednesday from Devin Nunes, CEO of Trump Media. Mr. Nunes wrote in the letter, “We assess there are strong indications of unlawful manipulation of DJT stock.”
Boeing on Wednesday reported its first quarterly revenue drop in seven quarters, but the U.S. planemaker beat analyst expectations that were lowered after a January mid-air blowout of a door plug prompted it to slow production of its strongest-selling jets.
