TikTok, Algorithm and Chinese
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Amid complex trade talks with the US, China dropped a months-long antitrust probe into Google (GOOG) amid discussions of a TikTok deal — while also increasing pressure on domestic purchases of Nvidia (NVDA) chips.
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Alphabet shares rise after China reportedly ends antitrust probe on Google
Alphabet Inc. (NASDAQ:GOOGL) saw its shares edge higher after reports indicated that Chinese authorities have decided to terminate an antitrust investigation into Google, as Beijing and Washington intensify talks on trade,
Jim Cramer, the popular host of CNBC's "Mad Money" TV show, has offered a bullish three-word message on the stock of the company that will own TikTok. “Buy their stock,” Cramer said on Sept. 15, referring to the potential buyer of TikTok.
US stock futures (ES=F, NQ=F, YM=F) are largely flat as Wall Street awaits the Federal Reserve's latest interest rate decision coming out of its policy meeting later today. Experts anticipate Fed officials to cut rates by 25 basis points for the first time in 2025.
This clearly is an expansion of Oracle's original business, and now it looks as if this tech giant may be expanding further: Oracle, as part of a consortium, may take a stake in TikTok, according to press reports. China's ByteDance, TikTok's owner, has been under pressure from the U.S. to divest its U.S. business or face a shutdown in the country.
The investigation into Google, formally launched in February, focused on the dominance of its Android operating system and how it affects Chinese smartphone manufacturers like Oppo and Xiaomi that rel
Trump has already extended TikTok’s deadline three times since January. If the deadline goes past September 17, it will be the fourth time that Trump would be giving ByteDance more time to decide.