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Newsweek
11 minutes ago
- Newsweek
Donald Trump Signals Breakthrough in US-China TikTok Deal
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Donald Trump said that he will start talking to China in the coming days about a possible deal with TikTok, which was banned in the United States over claims it posed a national security risk. The president told reporters on Friday the U.S. "pretty much" has a deal on the video-sharing app. Critics had said TikTok could hand over U.S. user data to the Chinese government, an accusation the company has denied. Newsweek has contacted TikTok for comment. This image shows TikTok's logo on a smartphone screen and U.S. and China flags on a laptop screen in Frankfurt am Main, western Germany. This image shows TikTok's logo on a smartphone screen and U.S. and China flags on a laptop screen in Frankfurt am Main, western It Matters Following national security concerns about TikTok user data, U.S. Congress passed a law in April 2024 forcing its sale. A deal to spin off TikTok's U.S. operations into a U.S.-based firm was paused after China responded to Trump's announcements of tariffs on China. Trump's comments could add clarity to the future of the app in the United States. What To Know Trump had criticized the app during his first presidential term but now supports its continued use in the U.S. and he extended to September 17 a deadline for the app's China-based owners ByteDance to divest TikTok's American assets. That extension was Trump's third executive order to delay the ban or sale of TikTok and gave ByteDance another 90 days to find a buyer. Amid the uncertainty about the U.S. future of the app, Trump told reporters on Air Force One on Friday that talks with China would start next week, involving Chinese President Xi Jinping or one of his representatives. "We pretty much have a deal," Trump added. He said he might visit Xi in China or the Chinese leader may visit the U.S. following mutual invitations last month to visit their respective countries. Trump had last month teased that there was a buyer for TikTok, telling Fox News there was a group of "very wealthy people" who were willing to acquire the platform, and there would be more certainty in "about two weeks." However, TikTok's impact on democracy is under scrutiny. In May, investigative campaigning organization Global Witness told Newsweek it examined the platform's algorithm and how it recommended political content. The group said TikTok directed new, politically balanced users disproportionately to "hard-right content over and above all other content" ahead of elections in Romania, Poland and Germany. "It raises the question, why is TikTok's algorithm so into the hard right?" Global Witness campaign strategy lead Ava Lee said. What People Are Saying President Donald Trump said: "I think we're gonna start Monday or Tuesday … talking to China … but we would, we pretty much have a deal." "I think it's good for them. I think the deal is good for China, and it's good for us," he added. What Happens Next There will be anticipation over whether the deadline of 17 September for ByteDance to divest the U.S. assets of TikTok will be met. A sale would need approval from the Chinese government, but Trump said he thought Xi would agree to it, touting his "great relationship" with the leader.
CNET
34 minutes ago
- CNET
Listen Up! Apple's Awesome AirPods Max Are Now $69 Off Thanks to Amazon's Lingering July 4th Sale
Even though the Fourth of July has come and gone, there are plenty of lingering deals today, with discounts available across all manner of things. From everyday essentials to must-have tech, you can still save on it all. A prime example is this current discount on some of the best wireless headphones around. Apple's updated AirPods Max with USB-C. Right now, you can get $69 off every color, slashing the price to just $480.. While that's still a sizable price tag, there's no denying that the quality on offer here makes the price worth it. And did we mention they come in cool colors? Best Buy is matching the same $480 price, but you also get three months of Apple Music thrown in if you go this route. These headphones' features are essentially identical to the previous AirPods Max, albeit with a USB-C port in lieu of the previous Lightning port. The switch means that the same charging cable can be used across all of Apple's latest hardware releases, including iPads, Macs, iPhones and their accessories. Hey, did you know? CNET Deals texts are free, easy and save you money. You can expect strong active noise cancellation performance as well as instant device pairing and switching thanks to Apple's H1 chip. Support for personalized spatial audio and the excellent transparency mode are also included. Not sure these AirPods Max are the right option for you? Our collection of the best wireless headphone deals is sure to have something for everyone. Best Prime Day Headphones Deals Prime Day means you don't have to pay full price for a great pair of headphones. Whether you prefer earbuds, headphones or something in between we've got Prime Day headphone deals for you. See Now Why this deal matters While this isn't quite as low as we've seen the AirPods Max go -- that was $450 back in January -- deals aren't super common on Apple's top-tier headphones. That means that this deal is worth taking advantage of while it's still available.
Yahoo
36 minutes ago
- Yahoo
Is Now The Time To Put Coca-Cola Consolidated (NASDAQ:COKE) On Your Watchlist?
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to investors, even if it currently lacks a track record of revenue and profit. Unfortunately, these high risk investments often have little probability of ever paying off, and many investors pay a price to learn their lesson. Loss making companies can act like a sponge for capital - so investors should be cautious that they're not throwing good money after bad. In contrast to all that, many investors prefer to focus on companies like Coca-Cola Consolidated (NASDAQ:COKE), which has not only revenues, but also profits. Now this is not to say that the company presents the best investment opportunity around, but profitability is a key component to success in business. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. If you believe that markets are even vaguely efficient, then over the long term you'd expect a company's share price to follow its earnings per share (EPS) outcomes. Therefore, there are plenty of investors who like to buy shares in companies that are growing EPS. Coca-Cola Consolidated's shareholders have have plenty to be happy about as their annual EPS growth for the last 3 years was 39%. While that sort of growth rate isn't sustainable for long, it certainly catches the eye of prospective investors. One way to double-check a company's growth is to look at how its revenue, and earnings before interest and tax (EBIT) margins are changing. Coca-Cola Consolidated maintained stable EBIT margins over the last year, all while growing revenue 3.2% to US$6.9b. That's a real positive. In the chart below, you can see how the company has grown earnings and revenue, over time. To see the actual numbers, click on the chart. See our latest analysis for Coca-Cola Consolidated While it's always good to see growing profits, you should always remember that a weak balance sheet could come back to bite. So check Coca-Cola Consolidated's balance sheet strength, before getting too excited. Owing to the size of Coca-Cola Consolidated, we wouldn't expect insiders to hold a significant proportion of the company. But thanks to their investment in the company, it's pleasing to see that there are still incentives to align their actions with the shareholders. Notably, they have an enviable stake in the company, worth US$2.0b. Coming in at 19% of the business, that holding gives insiders a lot of influence, and plenty of reason to generate value for shareholders. Looking very optimistic for investors. Coca-Cola Consolidated's earnings have taken off in quite an impressive fashion. This level of EPS growth does wonders for attracting investment, and the large insider investment in the company is just the cherry on top. At times fast EPS growth is a sign the business has reached an inflection point, so there's a potential opportunity to be had here. So at the surface level, Coca-Cola Consolidated is worth putting on your watchlist; after all, shareholders do well when the market underestimates fast growing companies. While we've looked at the quality of the earnings, we haven't yet done any work to value the stock. So if you like to buy cheap, you may want to check if Coca-Cola Consolidated is trading on a high P/E or a low P/E, relative to its industry. While opting for stocks without growing earnings and absent insider buying can yield results, for investors valuing these key metrics, here is a carefully selected list of companies in the US with promising growth potential and insider confidence. Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction. — Investing narratives with Fair Values Suncorp's Next Chapter: Insurance-Only and Ready to Grow By Robbo – Community Contributor Fair Value Estimated: A$22.83 · 0.1% Overvalued Thyssenkrupp Nucera Will Achieve Double-Digit Profits by 2030 Boosted by Hydrogen Growth By Chris1 – Community Contributor Fair Value Estimated: €14.40 · 0.3% Overvalued Tesla's Nvidia Moment – The AI & Robotics Inflection Point By BlackGoat – Community Contributor Fair Value Estimated: $359.72 · 0.1% Overvalued View more featured narratives — Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
