CNBC Technology

President Donald Trump said Saturday that he has approved a deal in principle where enterprise software maker Oracle and retail giant Walmart will partner TikTok in the U.S.

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 move blocks the Commerce Department from forcing Apple and Alphabet's Google to remove Tencent Holding's WeChat for downloads by Sunday evening.

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.

Palantir is making its public market debut, and has increasingly been working with commercial customers, which may put it on a path to profitability.

During the busiest IPO week of the year, tech companies were forced to celebrate in unique ways because of the coronavirus and raging wildfires.

As the U.S. heads into the 2020 election cycle, here are the challenges Facebook faces and the measures being taken to stop the spread of fake news and disinformation.

Venture capital firm Sequoia has long been the envy of its Silicon Valley peers, but has rarely had a week like this one.

The steep losses came as Apple's recent product event — its first in 2020 — didn't live up to the hype.

Consultants allegedly bribed Amazon employees for privileged information on sellers' competitors, giving them an unfair advantage.

Shares of Unity, a video game software developer, jumped in its market debut Friday. 

The Commerce Department announced it will ban U.S. business transactions with China-owned social apps WeChat and TikTok on Sunday.

The group also includes distinguished Google engineer David Patterson, Pixar co-founder Ed Catmull, Facebook's chief AI Scientist Yann LeCun and Microsoft research scientists Leslie Lamport and Butler Lampson.

That lofty valuation makes Chime the most valuable American fintech start-up serving retail consumers.

In Unity's virtual IPO presentation on Friday, the CEO and CFO said employees are able to sell some shares on day one.

Social media users are re-evaluating whether they should have accounts on platforms like Facebook and Instagram after a new documentary-drama called "The Social Dilemma" dropped on Netflix.

Oracle would own less than 20% of TikTok as the deal is structured now.

Infineon is one of the largest semiconductor companies in the world and is a top player in automotive, power and security chips.

Amazon was the Postal Service's "largest customer" in fiscal 2019, according to documents obtained by a watchdog group.

Unity is set to wrap up a big week for tech IPOs on Friday, and investors showed bullishness, pricing the stock above its expected range.