TikTok Offers Text-Only Posts – The New York Times

TikTok users can now only post text-based content, a departure from the social media app known for its short videos. The new format was the latest change in the social media landscape after Twitter rebranded itself as X on Sunday and Meta introduced its new text-based social media app, Topics, this month. TikTok announced the … Read more

In the midst of the war, Ukrainian couples divorced

But this same law has also caused a lot of pain for men with refugee children. Their wives or ex-wives may have left Ukraine with their children, and at present, there is no way for parents to go abroad to see them. After more than a week of driving all day and all night in … Read more

Altice USA said to consider selling Cheddar News

Cable company Altice USA is reportedly considering a potential sale of Cheddar News, the network once named “CNBC for millennials,” less than five years after buying the company. Altice USA has hired Goldman Sachs to help explore strategic alternatives for Cheddar News, according to three people familiar with the matter who spoke on condition of … Read more

UBS fined nearly $400 million in Credit Suisse Archegos Mess

UBS will pay $387 million in fines to clear up the mess at Credit Suisse, the wounded Swiss banking rival it acquired this year. The fines, issued simultaneously by US and UK regulators, are linked to a “fundamental failure of management and controls” recognized by Credit Suisse in 2020 and 2021, which resulted in a … Read more

Microsoft and Alphabet face an investor test on artificial intelligence

Can artificial intelligence keep big tech companies thriving? Nasdaq futures rose on Tuesday morning, ahead of the big tech earnings boom that kicks off when Microsoft and Alphabet Inc report second-quarter results after the closing bell. There is a question on many investors’ minds: Is the hype around artificial intelligence, which has sent the stock … Read more

Pan Gongsheng appointed Chairman of the Chinese Central Bank

For nearly eight years, Pan Gongsheng has overseen one of the largest money funds in the world: China’s $3 trillion in foreign exchange reserves. Now he will run the country’s central bank, and play a more powerful role in the Chinese economy. Mr. Ban, a prominent economist, was appointed on Tuesday as governor of the … Read more