ByteDance is likely to miss the deadline imposed by the Trump administration for the sale of TikTok's U.S. assets as new Chinese regulations have complicated deal talks, Bloomberg reported on Thursday.
[NFA] U.S. President Donald Trump said on Saturday he supported a deal in principle that would allow TikTok to continue to operate in the United States, even as it appeared to conflict with his earlier order for China's ByteDance to divest the video app. Emer McCarthy reports.
Former state legislator Jaime Harrison is challenging GOP Sen. Lindsey Graham. He is hoping to take Lindsey Graham's spot for US Senate in South Carolina. Graham is one of the most high-profile Republican Senators and a vocal supporter of Trump. Graham is seeking a fourth term to office in 2020, according to Business Insider. Harrison is putting up a formidable fight in deep-red South Carolina, narrowly outpacing Graham.
The United States is likely to have enough safe and effective COVID-19 vaccines available to inoculate the most vulnerable Americans by the end of 2020, Health and Human Services Secretary Alex Azar said on Wednesday. This report produced by Chris Dignam.
The Federal Reserve is targeting above 2% inflation. Scott Minerd, Guggenheim global CIO told Bloomberg on Wednesday it is "virtually impossible" for the Fed to achieve that without creating a bubble in asset prices. "The reality is that the inefficiencies that are building up in the system." Minerd said misinformation and mistaken investments will pose a challenge to investors.
In order to give its employees a major sense of relief, Apple has decided to design its own face masks and the company will distribute it to its retail and corporate employees. Most of the employees of Apple wear masks on the job as a precautionary measure against the coronavirus, and as a result, Apple has decided to come up with its own masks, Mashable cited a Bloomberg report. As per this report, Apple is providing two face masks to each of its employees. One mask is called "ClearMask" and it has been sourced from other companies. The other mask is known as "Apple Face Mask" has been created by Apple's Engineering and Industrial Design teams. This particular mask has up to three layers that filter incoming and outgoing particles, and it can be washed and reused up to five times," Mashable cited a Bloomberg report. The company will now start sending Apple Face Masks to its employees over the next two weeks.
The stock market is poised for another ten-year bull run. That's according to Brian Belski of BMO Capital Markets. Belski told Bloomberg that the stock market's low on March 23 was the "control alt delete" reset button for the next 10-year bull run. It will be the second half of a 20-year secular bull market. He cautioned investors to not play the same strategy that they did following the 2008 financial crisis.