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...The US government has also called for a ban or divestiture of the short-form video app beloved by American teenagers....
...Merchants are currently able to charge an extra fee for consumers who use American Express cards, but Visa and Mastercard have blocked sellers from doing so for their users....
...But arch-rival Dollar General is struggling too....
...About two-thirds of American companies are incorporated in Delaware, attracted to the small, mid-Atlantic state by its sophisticated legal system....
...Robert Gordon’s The Rise and Fall of American Growth, which argued that the age of disruptive technology was over, came out around the same time....
...“Now the most likely outcome is they will shut down the US, and all the American investors in ByteDance will bear the losses,” Li said....
Americans account for 14% of users but their revenue contribution will be higher
...Tesla shareholders were even more carried away, adding $46bn to the EV maker’s market cap — more than General Motors was then worth — when it announced a stock split in August 2020....
...“This legislation is a clear violation of the First Amendment rights of TikTok’s 170mn American users,” he said in a memo to staff, according to people who saw it. “We’ll continue to fight.”...
...As a grandfather and as an American, Fink wrote that more must be done to address high levels of despair among young people....
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...“We are going to have a ‘world is not flat’ moment, when asset managers are going to realise we are not prepared to help people draw down,” said Bill Meyer, CEO of Retiree Inc, a retirement planning software...
...Fitch also forecast that general government debt — which covers local and central government borrowing — would rise to 61.3 per cent of GDP in 2024, up from 56.1 per cent in 2023, primarily due to fiscal...
...A unit of UnitedHealth, the gigantic American conglomerate, suffered a ransomware attack, preventing the insurance payments. Thankfully, her operation eventually took place....
...Cui Dongshu, secretary-general of the industry body, projected a 22 per cent surge in Chinese sales of NEVs in 2024....
...The opinions in this column are intended for general information purposes only and should not be used as a substitute for professional advice....
...TikTok has partnered with US cloud software group Oracle to build a standalone unit to wall off American user data....
...Germany, India, Italy, Japan, UK, US: S&P Global flash manufacturing and services purchasing managers’ index (PMI) data Japan: Chain Stores Association March supermarket sales UK: ONS March public sector finances...
...“Potentially, this is much broader than Covid vaccines or vaccines in general.”...
...However the venture funds Coatue, General Atlantic, SoftBank, Sequoia, KKR and Susquehanna have notable stakes and their representatives — such as General Atlantic’s Bill Ford — are on the board....
...One former Latin American finance minister put it bluntly: “I can’t remember a time when the region was as badly governed as it is now.”...
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