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Bessent says ‘framework’ of U.S.-China TikTok deal has been reached, will be finalized Friday

Bessent says ‘framework’ of U.S.-China TikTok deal has been reached, will be finalized Friday

Samuel Boivin | Nurphoto | Getty Images The U.S. and China have a ‘framework’ deal for social media platform TikTok in place, Treasury Secretary Scott Bessent said Monday. “It’s between two private parties, but the commercial terms have been agreed upon,” he said from Madrid. Both President Donald Trump and Chinese President Xi Jinping will

Bessent says ‘framework’ of U.S.-China TikTok deal has been reached, will be finalized Friday Read More »

China says Nvidia violated anti-monopoly law as probe to continue

China says Nvidia violated anti-monopoly law as probe to continue

China is one of Nvidia’s largest markets, particularly for data centers, gaming and artificial intelligence applications. Avishek Das | Lightrocket | Getty Images China’s market regulator on Monday said that Nvidia violated the country’s anti-monopoly law, according to a preliminary probe, adding that Beijing would continue its investigation into the U.S. chip giant. Shares of

China says Nvidia violated anti-monopoly law as probe to continue Read More »

Here are the five fintechs that could be next to IPO after Klarna

Here are the five fintechs that could be next to IPO after Klarna

Specialist traders work at the post for Swedish fintech Klarna, during the company’s IPO at the New York Stock Exchange in New York City, U.S., Sept. 10, 2025. Brendan McDermid | Reuters After Swedish payments group Klarna’s $17 billion initial public offering, investors are pondering which big fintech name will be the next to go

Here are the five fintechs that could be next to IPO after Klarna Read More »

Chinese EV players take fight to legacy European automakers on their home turf

Chinese EV players take fight to legacy European automakers on their home turf

Xpeng CEO He Xiaopeng speaks to reporters at the electric carmaker’s stand at the IAA auto show in Munich, Germany on September 8, 2025. Arjun Kharpal | CNBC Germany this week played host to one of the world’s biggest auto shows — but in the heartland of Europe’s auto industry, it was buzzy Chinese electric

Chinese EV players take fight to legacy European automakers on their home turf Read More »

OpenAI announces new mentorship program for budding tech founders

OpenAI announces new mentorship program for budding tech founders

OpenAI on Friday introduced a new program, dubbed the “OpenAI Grove,” for early tech entrepreneurs looking to build with artificial intelligence, and applications are already open. Unlike OpenAI’s Pioneer Program, which launched in April, Grove is aimed towards individuals at the very nascent phases of their company development, from the pre-idea to pre-seed stage. For

OpenAI announces new mentorship program for budding tech founders Read More »

Gemini, the Winklevoss’ crypto exchange, pops more than 40% in Nasdaq debut

Gemini, the Winklevoss’ crypto exchange, pops more than 40% in Nasdaq debut

Gemini Co-founders Tyler Winklevoss and Cameron Winklevoss attend the company’s IPO at the Nasdaq MarketSite in New York City, U.S., Sept. 12, 2025. Jeenah Moon | Reuters Shares of Gemini Space Station soared more than 40% on Thursday after the exchange operator raised $425 million in an initial public offering. The stock opened at $37.01

Gemini, the Winklevoss’ crypto exchange, pops more than 40% in Nasdaq debut Read More »

Opendoor board chair Rabois says company is ‘bloated,’ needs to cut 85% of workforce

Opendoor board chair Rabois says company is ‘bloated,’ needs to cut 85% of workforce

Opendoor co-founder and newly minted board chair Keith Rabois said remote work and a “bloated” workforce have been a drag on the company’s culture, as he vowed to slash headcount. “There’s 1,400 employees at Opendoor. I don’t know what most of them do. We don’t need more than 200 of them,” Rabois told CNBC’s “Squawk

Opendoor board chair Rabois says company is ‘bloated,’ needs to cut 85% of workforce Read More »

Tether reveals new stablecoin, appoints Bo Hines, former White House advisor, to lead U.S. business

Tether reveals new stablecoin, appoints Bo Hines, former White House advisor, to lead U.S. business

The world’s biggest stablecoin, tether. Justin Tallis | AFP via Getty Images Tether, the issuer of the largest stablecoin, has named a CEO for its U.S. business and is launching a new token for U.S. institutions. The moves underscore Tether’s commitment to regulatory engagement and entry into the U.S. The company, once accused of being

Tether reveals new stablecoin, appoints Bo Hines, former White House advisor, to lead U.S. business Read More »

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