Despite selling a majority stake to American investors, TikTok's Chinese parent company, ByteDance, is set to keep around 50% of the profits from its US operations, according to insider sources.
The White House has revealed details of a TikTok deal with China that would allow the app to operate in the US under strict data privacy measures. Oracle will manage user data, and a new board will ensure American oversight.
In a significant move, President Trump and China's Xi Jinping are finalizing a deal for TikTok's US assets to be sold to American investors. This agreement could reshape US-China relations and TikTok's future.
The U.S. stock market has lost $5 trillion amid rising inflation and tariff threats, yet Treasury Secretary Scott Bessent claims the drop is healthy. Will Americans trust his confidence?
