By David Shepardson and Nandita Bose WASHINGTON (Reuters) -President Joe Biden said on Friday he would sign legislation that gives China’s ByteDance about six months to divest the popular TikTok short video app as his rival Donald Trump raised concerns about a ban of the service used by 170 million Americans. The U.S. House of…
By Ananya Mariam Rajesh (Reuters) -Costco’s shares closed down 7.6% on Friday for its worst day since May 2022 after the membership-only retail chain missed second-quarter revenue expectations and signaled a negative impact from lower gasoline prices. Still, at least seven brokerages raised their price target on Costco, with Jefferies raising the most to $905…
By Hyunsu Yim SEOUL (Reuters) -North Korean leader Kim Jong Un guided an artillery firing drill by the Korean People’s Army, the country’s military force, state media KCNA reported on Friday. The drill, carried out on Thursday, involved units near the border that are in firing range of “the enemy’s capital,” KCNA said, referring to…
By Zeba Siddiqui and Raphael Satter (Reuters) -Microsoft said on Friday that hackers linked to Russia’s foreign intelligence were trying again to break into its systems, using data stolen from corporate emails in January to gain new access to the tech giant whose products are widely used across the U.S. national security establishment. The disclosure…
By David Lawder WASHINGTON (Reuters) -U.S. President Joe Biden vowed Thursday to raise taxes on wealthy Americans and large companies, announcing plans in his State of the Union address to hike corporate minimum taxes and cut deductions for executive pay and corporate jets. Biden previewed the steps that will be part of a proposed fiscal…
