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Elizabeth Warren

Business
TikTok Reportedly Agrees To Sell US Operations After Years Of Pressure: What To Know TikTok Reportedly Agrees To Sell US Operations After Years Of Pressure: What To Know
TikTok Reportedly Agrees To Sell US Operations After Years Of Pressure: What To Know TikTok has agreed to give control of its US operations to a new joint venture led by billionaire Larry Ellison and a tech company owned by the United Arab Emirates. According to internal TikTok memos, the widely popular video app's US entity will be transferred to Oracle, private equity firm Silver Lake, and Abu Dhabi-backed artificial intelligence firm MGX. Axios first reported the sale's details on Thursday, Dec. 18. The three buyers will own TikTok's US operations under a new company called TikTok USDS Joint Venture LLC. The sale is expected to end a yearslong saga over purported&nb…

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by Chris Spiker
Politics
'Tool For Bribery': Sens. Blumenthal, Warren Want Rules For Trump’s Presidential Library Fund 'Tool For Bribery': Sens. Blumenthal, Warren Want Rules For Trump’s Presidential Library Fund
'Tool For Bribery': Sens. Blumenthal, Warren Want Rules For Trump’s Presidential Library Fund Two high-ranking Senate Democrats have introduced legislation to tighten the rules for how sitting presidents raise and use donations for their presidential libraries, citing practices linked to President Donald Trump. Connecticut Sen. Richard Blumenthal and Massachusetts Sen. Elizabeth Warren are backing the bill alongside Reps. Jared Moskowitz (D-Fla.), Melanie Stansbury (D-N.M.), and Jamie Raskin (D-Md.), according to CBS News. “Donald Trump is using his presidential library as a tool for bribery while he is still in office,” Warren told CBS. She added, “Many of the donations to Trump's …

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by Josh Lanier
Business
Largest US Banker Warns US Economy Could 'Deteriorate' As Global Growth Forecast Dims Largest US Banker Warns US Economy Could 'Deteriorate' As Global Growth Forecast Dims
Largest US Banker Warns US Economy Could 'Deteriorate' As Global Growth Forecast Dims The head of one of the nation’s largest banks says the U.S. economy may be slowing — and that could hit local households and businesses hard in the months ahead. “I think there’s a chance real numbers will deteriorate soon,” JPMorgan Chase CEO Jamie Dimon said during a financial conference this week, per CNBC. He explained that while the country has seen gains in jobs and spending, there are signs that the economy may be cooling.  “Employment will come down a little bit. Inflation will go up a little bit. Hopefully, it’s just a little bit,” Dimon said. He added that lower immigration …

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by Josh Lanier
Politics
Tufts Student Arrested By Agents In Massachusetts, Moved to Louisiana Detention Center: Report Tufts Student Arrested By Agents In Massachusetts, Moved to Louisiana Detention Center: Report
Tufts Student Arrested By Agents In Massachusetts, Moved to Louisiana Detention Center: Report A Tufts University student who was arrested by federal agents in Massachusetts last week was later located in a detention center more than 1,500 miles away in Louisiana, CNN reported. Rumeysa Ozturk, 30, was walking to meet friends for dinner after breaking her Ramadan fast on Tuesday, March 25, in Somerville, Massachusetts, when six plainclothes officers approached her and took her into custody. Officers hid their faces with cloth coverings and masks before putting her in handcuffs and into the back of an unmarked police car.  The incident was recorded on surveillance video and circul…

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by Josh Lanier