• Former US treasury secretary says preparing buyout of TikTok

    Washington, US - Former US Treasury Secretary Steven Mnuchin on Thursday said he is putting together a team of investors to buy TikTok from its Chinese owners. On Wednesday, the US House of Representatives overwhelmingly approved a bill that would force TikTok to divest from its parent company or face a...

  • Nasdaq slides as investors trade tech for industrial shares

    The countervailing movements, according to analysts, were evidence of a rotation away from the tech-dominated winners from the earliest part of 2023, and towards manufacturing companies like Caterpillar and Honeywell. "Money is flowing from one sector to another sector," said Adam Sarhan of 50 Park Investments. This dynamic "keeps the...

  • Disney sacks CEO Bob Chapek

    It has brought back former CEO Bob Iger to take back the reins.