Uber Eats fails to offset ride-sharing collapse, Quicken Loans IPO, Microsoft bids for all of TikTok

Uber Eats fails to offset ride-sharing collap...

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SoftBank wants Gulf money to expand AI bet

SoftBank founder Masayoshi Son is seeking to raise as much as $100bn from Gulf investors to further his massive bet on AI, the Flydubai co-pilot who tried to hijack a flight to Tel Aviv expressed misogynistic views online, and Donald Trump has said Washington will not strike Iran ...  Show more

Oil companies are full speed ahead in the Middle East

Oil executives expressed their appetite for investing in the Middle East despite the war, the conflict has blown a near-£12bn hole in Britain’s public finances, and big investors are “bottom fishing” among beaten-down assets, including Italian bonds and corporate debt. Plus, Chin ...  Show more

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Stocks battered by sell-off, teacher grants frozen, TikTok’s deadline extended & more
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Investors’ fears over tit-for-tat tariffs sent markets tumbling for a second day. The Trump administration got its first win at the Supreme Court since reclaiming power. TikTok’s future in the US still hangs in the balance. A federal judge has ruled on a case regarding the Trump ...  Show more

Alibaba Sinks On China Investigation, The Push For $2,000 Stimulus Checks, And Pre-Christmas Winners And Losers
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Carl Quintanilla, Jon Fortt and Leslie Picker led off with the big story of the morning: Alibaba shares tumbling on news that the e-commerce giant founded by Jack Ma is the target of a newly launched antitrust investigation by the Chinese government.

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Fed in Focus, TikTok CEO Grilled on the Hill, Hindenburg Shorts Block 3/23/23
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David Faber, Sara Eisen and Mike Santoli began with the market action a day after the Federal Reserve announced its 9th straight interest rate hike of 25 basis points. In his press conference, Chair Powell said the recent failure of some regional banks could cause ripple effec ...

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TikTok on the clock, a “post-pandemic reset” and the software surge rolls on
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The U.S. will block TikTok downloads starting Sunday, while sources tell CNBC that WeChat is “dead” in this country. We have the latest details, and explore whether a deal will come together to avoid this fate.

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