TikTok’s U.S. operations would be controlled by an investor consortium including Oracle, Silver Lake and Andreessen Horowitz, under a framework the U.S. and China are finalizing. A new company will be created to operate TikTok, with U.S. investors holding a roughly 80% stake
Solana-based memecoin launchpad Pumpfun recorded more than $1 billion in daily trading volume Monday as the sector extended its September rally. Data from decentralized exchange Jupiter showed Pump.fun processed $942 million in transaction volume on Sunday before topping $1.02 billion on Monday.
Strategy, the business intelligence company co-founded by Michael Saylor, has increased its Bitcoin holdings to more than $73 billion after a reported purchase as part of its treasury strategy. Saylor said the company had acquired 525 Bitcoin for about $60 million
U.S. companies should be allowed to report earnings every six months instead of on a quarterly basis, President Donald Trump said, in what would be a major shift for corporate America, if regulators take up his call.
Google parent Alphabet hit a market capitalization of $3 trillion for the first time, riding on renewed optimism around artificial intelligence and a favorable antitrust ruling. Class A shares of the company were up 3.8% at $250, while Class C shares climbed 3.7%
Gold prices rose on Friday, holding close to record highs hit during the week week, as signs of a weakening U.S. labor market reinforced expectations the Federal Reserve will deliver its first rate cut of the year next week.
