In this photo illustration, the logo of TikTok is displayed on a smartphone screen on April 5, 2025 in Shanghai, China. Vcg | Visual China Group | Getty ImagesPrivate equity giant Blackstone has withdrawn from a consortium seeking to invest in TikTok’s U.S. operations, a source familiar with the matter told Reuters on Friday.The latest change came as uncertainty has mounted and there have been several delays in the TikTok deal now at the center of U.S.-China trade talks.Blackstone had planned to take a minority stake in the TikTok U.S. business in a deal orchestrated by President Donald Trump. The consortium is led by Susquehanna International Group and…
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ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast MoneyEvgeny Gaevoy, Wintermute CEO, joins ‘Fast Money’ to talk what the latest crypto legislation passage means for the space.04:302 hours ago Source link
U.S. Attorney General Pam Bondi speaks to the media, after the U.S. Supreme Court dealt a blow to the power of federal judges by restricting their ability to grant broad legal relief in cases as the justices acted in a legal fight over President Donald Trump’s bid to limit birthright citizenship, in the Press Briefing Room at the White House in Washington D.C., June 27, 2025. Ken Cedeno | ReutersThe Department of Justice on Friday asked federal judges to unseal grand jury transcripts in the criminal cases of notorious sex offender Jeffrey Epstein and his convicted procurer of young girls,…
Microsoft Chairman and Chief Executive Officer Satya Nadella (L) returns to the stage after a pre-recorded interview during the Microsoft Build conference opening keynote in Seattle, Washington on May 19, 2025.Jason Redmond | AFP | Getty ImagesMicrosoft on Friday revised its practices to ensure that engineers in China no longer provide technical support to U.S. defense clients using the company’s cloud services.The company implemented the changes in an effort to reduce national security and cybersecurity risks stemming from its cloud work with a major customer. The announcement came days after ProPublica published an extensive report describing the Defense Department’s dependence…
Ten Americans freed from Venezuelan prision.Courtesy: U.S. EmbassyThe Venezuelan immigrants whom the Trump administration had sent to a notorious mega prison in El Salvador have been flown from there to Venezuela, according to El Salvador President Nayib Bukele.The move, Bukele said in a post on X, was part of a prisoner swap in which the Venezuelan government agreed to release “a considerable number of Venezuelan political prisoners … as well as all the American citizens it was holding as hostages” in exchange for the Venezuelan nationals who had been detained in El Salvador’s Terrorism Confinement Center, known as CECOT.A senior administration official told…
Jack Dorsey, co-founder and chief executive officer of Twitter Inc. and Square Inc., listens during the Bitcoin 2021 conference in Miami, Florida, on Friday, June 4, 2021.Eva Marie Uzcategui | Bloomberg | Getty ImagesBlock shares jumped more than 10% in extended trading on Friday, as the fintech company gets set to join the S&P 500, replacing Hess.It’s the second change to the benchmark this week, after S&P Global announced on Monday that ad-tech firm The Trade Desk would be added to the S&P 500. Trade Desk is taking the place of software maker Ansys, which was acquired by Synopsys in…
The opening week of earnings season has given Wall Street bulls plenty to celebrate, helping the S & P 500 hit new highs. Earnings season kicked off with the big banks, which mostly delivered positive results for the quarter. Continuing the strength in financials, Interactive Brokers and Charles Schwab moved higher on Friday after their earnings reports. Even some stocks that were falling after their reports, including Netflix and 3M on Friday, beat Wall Street expectations for the second quarter on the headline metrics. According to FactSet senior earnings analyst John Butters, 12% of S & P 500 companies have…
The final trades of the day with the Fast Money traders. Source link
Rafael Henrique | Lightrocket | Getty ImagesThe head of entertainment group Skydance — poised to take over media conglomerate Paramount Global — told federal officials he is pursuing a focus on “American storytelling” while touting a new, “unbiased” editorial direction for CBS News.David Ellison, Skydance’s CEO, met with Federal Communications Chairman Brendan Carr to seek approval for his firm’s long-in-the-making merger with Paramount, according to a letter from a Skydance lawyer included in a federal filing. The transaction has roiled Paramount subsidiary CBS News and its longtime crown jewel, “60 Minutes,” amid fights over its editorial independence. Ellison is the…
Peter Thiel, co-founder of PayPal, Palantir Technologies, and Founders Fund, holds hundred dollar bills as he speaks during the Bitcoin 2022 Conference at Miami Beach Convention Center on April 7, 2022 in Miami, Florida.Marco Bello | Getty ImagesThe Peter Thiel-backed cryptocurrency exchange Bullish filed for an IPO on Friday, the latest digital asset firm to head for the public market. The company said it plans to trade on the New York Stock Exchange using the ticker symbol “BLSH.”A spinout of Block.one, Bullish started with an initial investment from backers including Thiel’s Founders Fund and Thiel Capital, along with Nomura, Mike…
