The clock has begun ticking for TikTok to find a new owner. President Joe Biden signed legislation Wednesday that would ban TikTok in the United States unless its Chinese parent, ByteDance, sells the app. TikTok plans to challenge the law in court, but if it fails, the company would have to find a buyer, and fast. That raises the question of who the US government might view as a suitable new owner of a social media platform with 170 million US users and a rising challenger to legacy social media giants such as Facebook-parent Meta. The prospect of a…

Gross domestic product, the broadest measure of goods and services produced across the economy, grew by 1.6% on an annualized basis in the three-month period from January through March, the Commerce Department said in its first reading of the data on Thursday.  That is lower than the 2.4% increase forecast by LSEG economists and marks a sharp slowdown from the 4.9% pace seen during the fourth quarter.This is a developing story. Please check back for updates.

London    Mining giant BHP has made a near-$40 billion bid to take over its UK rival Anglo American in what would be the largest mining deal on record. BHP said in a statement Thursday that it valued Anglo American shares at £25.08 ($31.40) apiece, or £31.1 billion ($38.9 billion) in total. If completed, the acquisition would increase BHP’s access to copper reserves, it added. The potential deal would have a higher value than the $38.3 billion acquisition of Switzerland’s Xstrata by commodities company Glencore in 2012, according to Dealogic data. It would also be the biggest merger or acquisition…

A version of this story first appeared in Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York    America’s relentless spending has kept the economy motoring. But it’s starting to worry some observers. Chicago Federal Reserve President Austan Goolsbee said Friday that while consumer debt levels aren’t yet “especially” high, the Fed is concerned about the rate of consumer delinquencies, or missed or late payments on expenses such as auto loans, credit card bills and rent. “If the delinquency…

Prasinezumab, a monoclonal antibody designed to target protein clumps in the brains of people with rapidly progressing Parkinson’s disease, showed promise in reducing motor symptoms.It’s the first experimental monoclonal antibody with such targeting, and a trial of 316 people suggests that it could be a path forward in fighting the disease.However, experts say there are a number of questions that still need to be addressed through more rigorous clinical trials.An experimental monoclonal antibody shows promise in reducing the motor skills deterioration of people with rapidly progressing Parkinson’s disease, a new study has revealed. The findings suggest that prasinezumab, which is…

Last updated: April 25, 2024 02:22 EDT | 2 min read Morgan Stanley, one of the leading financial institutions, is reportedly exploring the possibility of expanding its sales of Bitcoin exchange-traded funds (ETFs) by allowing its approximately 15,000 brokers to actively recommend these products to customers. This potential move comes as the firm aims to tap into the growing demand for cryptocurrency investments, according to a report from AdvisorHub.Currently, Morgan Stanley offers Bitcoin ETFs on an unsolicited basis, meaning that customers must approach their advisors independently to express interest in investing. By enabling advisors to actively recommend these products, the firm could potentially…

Us Weekly has affiliate partnerships. We receive compensation when you click on a link and make a purchase. Learn more! If you’re looking for a quick and easy way to develop a natural tan without sitting in the tanning bed, you’ve no doubt tried several different self-tanners before. But have you ever tried any that have come with special benefits for your face? Specifically, anti-aging capabilities? If not, we may have just stumbled on to your new favorite self-tanner. And it’s not just a cream or a spritz you spread across your skin evenly – it’s for your face, and…

A U.S. Army reservist who sounded the clearest warning ahead of Maine’s deadliest mass shooting is expected to answer questions Thursday from the commission investigating the tragedy.Six weeks before Robert Card killed 18 people at a bar and bowling alley in Lewiston, his best friend and fellow reservist Sean Hodgson texted their supervisors, telling them to change the passcode to the gate at their Army Reserve training facility and arm themselves if Card showed up.”I believe he’s going to snap and do a mass shooting,” Hodgson wrote on Sept. 15.MAINE MASS SHOOTING SUSPECT ROBERT CARD HAD TRAUMATIC BRAIN INJURIES, NEW…

Amid the ongoing anti-Israel protests on college campuses across America plus the continued conflicts in the Middle East, an Auburn, Washington-based pastor is stressing the importance of prayer even as “some people remain skeptical of it,” he told Fox News Digital. “The Bible is full of historical evidence for how effective prayer truly is,” said Pastor Jesse Bradley of Grace Community Church, located outside Seattle. “We have a wide range of accounts describing how God answers prayer and moves in powerful ways to recuse, redeem and restore.”PASSOVER HOLDS THE KEY TO COMPREHENDING TODAY’S ‘VICIOUS ANTISEMITISM,’ SAYS RABBI AND SPIRITUAL LEADERSome people, he…

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. During the week of Apr. 15, 2024, average private student loan rates increased for borrowers with credit scores of 720 or higher who used the Credible marketplace to take out 10-year fixed-rate loans and 5-year variable-rate loans. 10-year fixed rate: 10.45%, up from 9.40% the week before, +1.055-year variable rate: 7.75%,…

AUSTIN, Texas — State troopers and University of Texas law enforcement are responding to pro-Palestine protests at the Austin campus Wednesday afternoon.According to a call by News, a junior at the university who did not participate in the protest said he witnessed multiple arrests.”Their hands looked like they were in restraints,” he told News, adding that they were perhaps “zip ties.”UT Austin confirmed that 10 people have been arrested.The student described protestors flanking both sides of mounted police and state troopers clad in riot gear.In a separate call with News, the Austin Police Department said its role is only in…

London    Shares in Meta plunged in premarket trading Thursday as the Facebook owner’s plans to “invest aggressively” in artificial intelligence spooked investors. The stock was down around 13%, threatening to wipe almost $163 billion off its market value, as investors looked beyond bumper first-quarter earnings to focus on the huge costs to the company of building an AI future. The company is competing head-to-head with Microsoft and Google to unlock the enormous potential of AI. While the payoffs could be huge, Meta’s most recent earnings underscored that building the best tools is costly and will take time. Meta (META),…

“Come From Away” originating producer Michael Rubinoff will produce the new musical “The Last Timbit” starring Chilina Kennedy and Jake Epstein, with music and lyrics by Anika Johnson and Britta Johnson and a book by Nick Green.The musical will have its premiere in Toronto in June at the Elgin Theatre.Being presented between June 26-30, “The Last Timbit” is inspired by real Canadian stories and is about a group of people from different walks of life who get snowed in at a Tim Hortons restaurant during the blizzard of the decade. This heartwarming new Canadian musical explores family, the power of…

he Supreme Court hears Donald Trump’s presidential immunity case. Students are arrested at protests against the Gaza war in Texas and California. And what to watch for in tonight’s NFL Draft.Here’s what to know today.SCOTUS takes on a novel legal question: Trump’s presidential immunity claimTackling an unprecedented and politically fraught issue, the Supreme Court will today consider former President Donald Trump’s assertion of total immunity from criminal charges over his attempt to overturn the 2020 election. The case is being watched closely for a number of reasons. For one, justices are considering the novel legal question of whether a former president…

Last updated: April 25, 2024 03:29 EDT | 2 min read A yellow legal pad with the words “Buy Bitcoin” written on it, famously displayed behind former United States Federal Reserve Chair Janet Yellen during a congressional hearing in 2017, has been sold at an auction for over $1 million, equivalent to 16 Bitcoin.The auction took place on the Bitcoin auction platform Scarce City and concluded on April 24, with the winning bidder identified as “Justin,” also known as “Squirrekkywrath.” The seller of the pad was Christian Langalis, who had written the note and briefly flashed it to the camera while seated behind…