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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What Meta’s $18bn settlement means for social media

Nvidia reported strong sales, Meta has agreed to pay up to $18bn to settle its blockbuster social media addiction legal battle, and bond investors think that France is Europe’s new problem child. Plus, more than $80bn has been wiped off the value of bitcoin treasury companies sin ...  Show more

The risks of investing $7tn in AI data centres

Traders and analysts are warning oil prices could soon hit $100 a barrel again, Germany is becoming a magnet for international defence groups, and Canada has announced retaliatory tariffs of up to 50 per cent on US imports. Plus, Wall Street is stretching itself to finance massiv ...  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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