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
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
The International Monetary Fund said on Tuesday that the global economy is showing signs of resilience this year despite persistent inflation and a slow recovery in China, which increases the odds of avoiding a global recession except for unexpected crises. Signs of optimism in the International Monetary Fund’s latest World Economic Outlook report may give … Read more
As a road warrior for 35 years, Tana Bierman has traveled all over the country, staying in luxury hotels and roadside motels. Her least favorite are the boxy convention hotels with cavernous lobbies where it’s easy to get lost. But at the top of her list are long-term accommodations. Ms. Berman, a moderator at Meetings … Read more
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 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
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
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
General Motors is investing tens of billions of dollars to produce a range of new electric cars, and hopes to catch up with Tesla. But the automaker appears to be far from achieving those ambitious goals. This year, it is struggling to produce a new type of electric vehicle battery intended for electric vehicles that … Read more
For shippers looking for a way to bring Ukrainian grain to global markets, options continue to narrow, leading to an escalating trade crisis that is expected to add pressure on global food prices. Russia last week withdrew from an agreement that allowed safe passage of ships through the Black Sea. On Monday, it threatened an … Read more