US President-elect Donald Trump is likely to return to the issue of tariffs in negotiations with China, as well as consider tax cuts and new sanctions, his former Treasury Secretary said in an interview on Thursday. “I think that tariffs do need to be used to get counterparties back to the table, especially China, which … Read more
Billionaire businessman and real estate mogul Frank McCourt said he is putting together a consortium to purchase TikTok’s US business, adding to the number of investors hoping to benefit from a new federal law that requires TikTok’s China-based parent company to sell the popular platform or face a ban. The announcement, made on Wednesday, said … Read more
A handful of American finance and tech tycoons are gearing up for multi-billion bids to buy TikTok after President Joe Biden signed an act which will force its Chinese owners to sell the app. The Wall Street and Silicon Valley figures are led by Steven Mnuchin, the former treasury secretary who has openly said he … Read more
Former Treasury Secretary Steven Mnuchin is building an investor group to acquire ByteDance’s TikTok, as a bipartisan piece of legislation winding its way through Congress threatens its continued existence in the U.S. The House of Representatives on Wednesday passed a bipartisan bill that if signed into law would force ByteDance to either divest its flagship … Read more
It is the most powerful gathering of the global elite you have never heard of: a 36-hour confab in Miami for billionaires, CEOs and celebrities with a stated agenda of “catalyzing positive impact” that has become the single most important event for tapping into Saudi Arabia’s vast wealth. The Future Investment Initiative conference (FII) is an attempt … Read more
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