Business

Amazon makes bid to buy TikTok as deadline looms

Amazon has made a bid to acquire TikTok as the popular social media app faces a looming deadline to be divested from its China-based owner or face a ban in the U.S. that could take effect this month. A Trump administration official told Reuters on Wednesday that the e-commerce giant made…

Stablecoin leader Circle files for IPO

Circle Internet Group disclosed a nearly 16% jump in revenue after markets closed on Tuesday, as the USD Coin issuer attempts a second go at listing on the New York Stock Exchange. The company reported revenue and reserve income of $1.68 billion for last year, compared with $1.45 billion in…

Morgan Wallen capitalizes on viral ‘SNL’ exit with new merchandise

Morgan Wallen is making lemonade out of lemons. The “Last Night” singer shared on his Instagram story on Tuesday that he is selling new merchandise, including T-shirts and baseball caps with the words “Get me to God’s Country” written on them.The announcement comes a few days after the country star…

Tesla’s first-quarter deliveries fall amid slow demand, Musk controversy

Tesla announced on Wednesday that its first-quarter deliveries dropped 13% amid slowing consumer demand for electric vehicles (EVs) and controversy surrounding CEO Elon Musk’s political involvement in the Trump administration. The automaker delivered 336,681 vehicles in the first quarter, a decline from 386,810 units a year ago. Expectations were for Tesla…

Private sector added 155,000 jobs in March, above expectations, ADP says

Companies in the private sector added 155,000 jobs in March, payroll processing firm ADP said on Wednesday. The figure is above economists’ estimates of 115,000 jobs and also more than the prior month’s upwardly revised reading of 84,000. Annual pay was up 4.6%, down from the prior month, ADP said.”Despite…

How much did trade war relief cost during Trump’s first term?

President Donald Trump is expected to announce his tariff plan on Wednesday while his administration prepares to step in with relief for American companies that bear the brunt of likely retaliatory tariffs from foreign governments. Trump is planning to reveal his tariff plans Wednesday afternoon as part of a “liberation day”…

Elon Musk says Fort Knox gold reserves should be livestreamed

Tesla CEO and Department of Government Efficiency (DOGE) head Elon Musk on Sunday voiced his support for setting up a livestream of Fort Knox and its gold reserves. In response to a question about Musk checking on the gold at Fort Knox, the billionaire said he thought it “would be…

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