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- 😮 Where Does TikTok Go From Here?
😮 Where Does TikTok Go From Here?
Good morning. US stock futures moved lower in Friday morning trading as investors remain on edge over the state of the global banking system.
S&P 500 | Dow | Nasdaq |
---|---|---|
-0.79% | -0.94% | -0.47% |
"History provides a crucial insight regarding market crises: they are inevitable, painful and ultimately surmountable"
Shelby M.C. Davis
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Top News
US Congress to TikTok chief: Hold up, let us cook!
WHAT: TikTok CEO Shou Chew had a front-row seat to one heck of a show as he testified before US Congress in an epic, marathon hearing that dug into topics such as TikTok's alleged connections to China's government, harmful content aimed at teens and the app's addictive nature.
WHY: The Biden Administration is attempting to force the company to sell itself to an American entity to prevent China from accessing user data.
US-EU shake hands on raw materials
WHAT: The US and the European Union have potentially come to an agreement to make electric vehicles with fancy minerals dug up or processed in the EU eligible for some sweet green subsidies in the good ol' US of A!
WHY: President Biden and European Commission President Ursala von der Leyen agreed in early March to conduct talks on a raw material agreement that would allow vehicles with minerals sourced or processed in Europe to benefit.
Hey, let's talk!
WHAT: Katherine Tai, the US Trade Representative wants to talk trade with the Chinese, but she's not playing any games — she's all about ensuring US interests are defended and that China is competing with the US on a level playing field.
WHY: Tai, who was delivering remarks before a Senate Finance Committee, noted that the US planned to ramp up investments in infrastructure, clean energy and semiconductors to "compete from a position of strength" with China.
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In Other News
Coming to a big screen near you...Apple??
WHAT: Get this: Apple is planning to drop a cool billi each year to make movies that will hit theaters — and apparently they're moving fast as reports say they've already held discussions with a couple movie studios to turn their silver screen dreams into reality.
WHY: Although plans are still being finalized, the tech giant wants to air movies in thousands of theaters for at least one month — bucking its previous strategy of streaming exclusives and limited box office releases.
Snap takes AR B2B
WHAT: The big shots at Snapchat just launched a whole new enterprise division! And what's it for you ask? Oh, just helping out other companies by adding some augmented reality magic to their websites or apps.
WHY: The enterprise venture comes at a time where Snap is trying to diversify its revenue stream beyond digital advertising, which currently makes up the vast majority of its revenue.
Terra Fraud!
WHAT: Grifters gonna grift and Do Kwon, co-founder of blockchain platform Terraform Labs has been charged with being the brains behind a cryptocurrency scam so big it makes Kanye's ego look miniscule.
WHY: According to US prosecutors, Kwon orchestrated a years' long cryptocurrency fraud that wiped out $40 billion in market value and deceived investors about Terra's blockchain technology and user adoption.
Key Economic Events
Friday - No Major Economic News
Notable Briefs
Follow these 7 steps to improve your networking skills!
How much grit do you have? Here's everything you need to know.
Struggling with sleep? Follow these tips to rest better at night!
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