TikTok to become standalone U.S. company: FT

ByteDance will place short-video app TikTok's global business in a new US-headquartered company with Oracle Corp investing as a minority shareholder, the Financial times reported https://www.ft.com/content/58eb7c26-2154-477f-af19-19157ae29261 on Tuesday, citing people familiar with the matter.

Trump reviews ByteDance's plan to keep majority stake in TikTok: sources

President Donald Trump and top U.S. officials were to meet at the White House on Tuesday afternoon to consider a proposal by China's ByteDance to keep majority ownership of its popular TikTok video app, people familiar with the matter said.

Perpetual recession? Recovery in a year? Economists deeply divided on U.S. future

A year from now the United States may have emerged from the economic hole dug during the pandemic with growth smartly above its previous trend and output largely recovered.

Apple rolls out virtual fitness service, subscription bundle, catering to pandemic work-from-home

Apple Inc rolled out a new virtual fitness service and a bundle of all its subscriptions, Apple One, focusing a holiday-season product launch on services that are the backbone of Apple's growth strategy and cater to customers working at home during the COVID-19 pandemic.

Global stocks gain on economic data, dollar steady as Fed meets

Global equities rallied on Tuesday, first on upbeat Chinese data and later on an increase in U.S. factory output, while the dollar see-sawed on uncertainty regarding the Federal Reserve's outlook on the economy when policymakers meet this week.

Wall Street higher but Apple loses ground after event

U.S. stocks rose on Tuesday as investors hoped the Federal Reserve would stick with its supportive policy stance as the central bank's two-day meeting got underway.

Oil rises over 2% as U.S. Gulf Coast braces for hurricane

Oil prices rose more than 2% on Tuesday, supported by hurricane supply disruptions in the United States, but demand concerns loomed as energy industry forecasters predicted a slower-than-expected recovery from the pandemic.

737 MAX crash victims seek U.S. legislation to block Boeing legal strategy

Families of Boeing 737 MAX crash victims are urging U.S. lawmakers to ensure the planemaker is held accountable for accidents that together killed 346 people by blocking a key legal defense, according to a letter sent on Tuesday and seen by Reuters.

U.S. median income hit record in 2019, Census data shows

U.S. median household income hit a record high in 2019 and the poverty rate fell, according to a government survey released on Tuesday that offered a snapshot of the economy before millions of American jobs were destroyed by the coronavirus pandemic.

JPMorgan sends some traders home after worker contracts COVID-19: Bloomberg News

JPMorgan Chase & Co sent some of its Manhattan workers home this week after an employee in equities trading tested positive for COVID-19, Bloomberg News reported on Tuesday, citing a person familiar with the matter.

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