ByteDance said on Monday it was not giving up control of TikTok Global in the U.S. and said a claim that the U.S. Treasury would get $5 billion in taxes was just a "forecast" and would depend on how the business performed.
President Donald Trump said he approved a deal on Saturday that will see the creation of a U.S.-headquartered firm called TikTok Global with Oracle and Walmart taking minority stakes. Oracle will become TikTok's secure cloud provider and host U.S. user data.
The outcome could boost Oracle's position as a company that can handle challenging computing workloads and help to resolve a geopolitical dispute between the U.S. and China.
The Federal Bureau of Investigation said in a statement that the Secret Service, and U.S. Postal Inspection Service are investigating the origins of the letter.
Democratic presidential nominee Joe Biden's plan for Social Security calls for increased benefits for low earners and more taxes for high-income individuals.
House Speaker Nancy Pelosi on Sunday did not rule out impeaching President Trump or Attorney General William Barr if the Senate tries to push through a Supreme Court nomination during a lame-duck session if Joe Biden wins the November election.
The "warm peace" could be less about ending hostility and more about sharing technology, generating investment, closing business deals and exchanging intelligence to more effectively counter threats from Iran and other potential spoilers.
Candy companies, including Hershey, say they are hopeful that kids will still trick-or-treat and adults will seek out sweets, even if their Halloween is socially distanced.
The RealReal and ThredUp boomed before coronavirus. Stores like Macy's and retailers like Walmart are trying apparel and accessories consignment. Can high-end pawn shops thrive in Covid?
Though any confirmation fight in the midst of a presidential election will be hard fought, the battle is expected to be amplified if Barrett is picked, because of her track record.
President Donald Trump on Saturday said he wants to move "without delay" to replace Supreme Court Justice Ruth Bader Ginsburg with a conservative nominee. The president's statement follows Ginsburg's death on Friday evening.