By Sheila Dang (Reuters) – Advertisers are committed to continue spending on TikTok due to its immense popularity with users despite threats of a potential ban in the U.S. over national security concerns, ad experts said. The steadfastness comes as TikTok, which is owned by Chinese tech firm ByteDance, is fighting to prevent a ban…
By Michael Martina and Don Durfee WASHINGTON (Reuters) – Philippines President Ferdinand Marcos Jr dismissed criticism during an interview on Thursday that his presidential campaign played down the corruption and extravagance the Marcos family was known for during his father’s rule. Marcos told Reuters at the end of a four-day visit to Washington that…
By Chris Prentice, Trevor Hunnicutt and Andrea Shalal NEW YORK (Reuters) – U.S. federal and state officials are assessing whether “market manipulation” caused the recent volatility in banking shares, a source familiar with the matter said on Thursday, as the White House vowed to monitor “short-selling pressures on healthy banks.” Shares of regional banks resumed…
By Jessica DiNapoli NEW YORK (Reuters) -Kellogg Co has a stable reserve of a key ingredient used in its Pop Tarts breakfast pastries that it sources from war-torn Sudan, CEO Steve Cahillane told Reuters in an interview on Thursday. Cahillane said the U.S. food manufacturer did not see any risk to its “safety stock” of…
By Andrea Shalal WASHINGTON (Reuters) -The American Bankers Association on Thursday urged federal regulators to investigate a spate of significant short sales of publicly traded banking equities that it said were “disconnected from the underlying financial realities.” In a letter to U.S. Securities and Exchange Commission Chair Gary Gensler, the lobby group said it had…
BEIJING (Reuters) – Tesla Inc has raised prices for its new Model S and Model X vehicles in China by 19,000 yuan ($2,751), its website showed on Friday. ($1 = 6.9060 Chinese yuan renminbi) (Reporting by Shanghai newsroom and Liz Lee; Editing by Christian Schmollinger)
By Steve Holland WASHINGTON (Reuters) -White House national security adviser Jake Sullivan said on Thursday he will travel to Saudi Arabia this weekend for talks with Saudi leaders, as the United States seeks to bolster often-frayed ties with Riyadh. Sullivan, speaking at a think tank conference, also said the United States will “take the necessary…
NEW YORK (Reuters) – An exiled Chinese businessman charged by U.S. prosecutors with leading a more than $1 billion fraud on Thursday appealed a judge’s order that he remain in jail pending trial, court records showed. Guo Wengui, once a business associate of former U.S. President Donald Trump’s adviser Steve Bannon, was arrested in March….
By Pavel Polityuk KYIV (Reuters) -Russian drones attacked the Ukrainian capital Kyiv on Thursday evening, the fourth assault in as many days subjecting residents to spasms of gunfire and explosions, and at least one drone was shot down. City authorities had declared an alert for Kyiv and the surrounding area. Residents who had gone to…
By Ann Saphir and Dan Burns WASHINGTON – A fight between Republicans and Democrats over the debt limit ceiling could send the U.S. economy into a recession even if the standoff doesn’t actually trigger a debt default, analysts say – and a much worse downturn with perhaps 7.5 million people thrown out of work if…
