ByteDance, the Chinese owner of TikTok, has earmarked over 150 billion yuan ($20.64 billion) in capital expenditure for this year, much of which will be centred on artificial intelligence, two people briefed on the matter said.

Tesla (NASDAQ: TSLA) stock saw significant gains Friday thanks to multiple catalysts. The gains took place in conjunction with a 1% gain for the S&P 500 index and a 1.5% gain for the Nasdaq Composite index.

WASHINGTON (Reuters) - U.S. President Donald Trump said on Tuesday he was open to billionaire Elon Musk buying social media app TikTok if the Tesla CEO wanted to do ... it must be sold by its Chinese owner ByteDance on national security grounds, or be ...

Attorneys for the TikTok and ByteDance have claimed it’s impossible to divest ... Several other names have been floated as possible buyers — Tesla CEO Elon Musk, Jimmy Donaldson ( MrBeast), who recently posted on social media about possibly pulling ...

Tesla ( TSLA) stock jumped 3% Friday amid speculation that CEO Elon Musk could potentially buy TikTok. The social media platform needs to find an American buyer, or it will effectively face a countrywide ban starting next week — and Musk is reportedly the most likely candidate.

Ford is on the board of directors for ByteDance, Tiktok’s Chinese parent ... Trump said he was open to billionaire Elon Musk, CEO of Tesla and SpaceX, or Larry Ellison, co-founder of the ...

Tesla (TSLA) stock jumped 3% Friday amid speculation ... It’s set to take effect Jan. 19 unless TikTok’s Chinese parent company ByteDance sells the app to an American owner, per a federal ...

Trump Says He Is Open to Musk Buying TikTok if Tesla CEO Wants to Do So By Steve ... a law that said it must be sold by its Chinese owner ByteDance on national security grounds, or be banned ...

Wall Street Breakfast, Seeking Alpha's flagship daily business news summary, is a one-page summary that gives you a rapid overview of the day's key financial news. It is designed for easy ...

Tesla Inc. disappointed investors on Thursday, reporting sales of 495,570 electric vehicles in the fourth quarter and of 1.789 million for all of 2024, falling slightly short of Wall Street ...

However, Musk may be about to swallow poison. TikTok’s killer app does not have a sleek interface or a catchy name. The secret sauce is its algorithm, which is not for sale. The algorithm directs users who have searched for, say, holidays in Bali to performers showcasing that destination. The algorithm feeds the addiction.

US President Donald Trump on Monday told reporters that Microsoft is conducting discussions to acquire TikTok. While the companies refused to comment on the matter, the President said that he would like to see a bidding war over the social media app.