TikTok asks judge to block US from barring app for download

TikTok asks judge to block US from barring app for download

TikTok asked a US judge on Wednesday to block a Trump administration order that would require Apple and Alphabet’s Google to remove the short video-sharing app for new downloads starting on Sunday. A federal judge in San Francisco on Saturday issued a preliminary injunction blocking a similar Commerce Department order from taking effect on Sunday … Read more

‘Stop growing so much weed’

'Stop growing so much weed'

After seeing its stock plunge almost 80 percent this year, Canadian cannabis giant Aurora is now being advised to “please stop growing so much weed.” The plea came in the form of a research note from MKM Partners analyst Bill Kirk, published after the weed firm posted a worse-than-expected net loss of $2.48 billion for … Read more

Why Disney’s delay of ‘Black Widow’ means doomsday for Hollywood

Why Disney’s delay of ‘Black Widow’ means doomsday for Hollywood

Hollywood’s hopes of a comeback this year are officially dead. Disney put the last nail in the coffin on Wednesday when it delayed several of its much-anticipated fall flicks, including “Black Widow,” starring Scarlett Johansson, and Steven Spielberg’s “West Side Story.” The move, while not surprising due to the still-raging pandemic, has experts calling it … Read more

JPMorgan set to pay $1 billion fine for metals market manipulation

JPMorgan set to pay $1 billion fine for metals market manipulation

JPMorgan is reportedly set to pay nearly $1 billion to settle a government probe into illegal fake trades. According to multiple reports on Wednesday, the $2.9 trillion megabank is close to paying the fee to end ongoing investigations by the Commodity Futures Trading Commission, the Justice Department and the Securities and Exchange Commission into the … Read more

Credit Suisse, UBS reportedly held tie-up talks backed by both chairmen

Credit Suisse, UBS reportedly held tie-up talks backed by both chairmen

The chairmen of UBS and Credit Suisse supported a merger of equals between Switzerland’s two largest banks during discussions earlier this year, Swiss magazine Bilanz reported on Wednesday, adding talks had since stagnated. The details reported by finance periodical Bilanz suggest that a merger between Credit Suisse and UBS, which had been examined by staff … Read more

GoodRx shares jump 40 percent in Nasdaq debut

GoodRx shares jump 40 percent in Nasdaq debut

Shares of private equity-backed GoodRx Holdings surged 40 percent in their debut on the Nasdaq on Wednesday after the online prescription drug platform raised $1.14 billion in its initial public offering. The stock opened at $46, compared to the IPO price of $33 per share. At its opening price, the company is valued at nearly … Read more

Eight more Volkswagen employees charged in diesel scandal

Eight more Volkswagen employees charged in diesel scandal

German prosecutors said on Wednesday they had charged another eight employees of auto maker Volkswagen over the scandal surrounding cheating on diesel engine emission tests. The eight are accused of fraud, false certification and violation of the law against unfair competition, the prosecutor’s office in the northern town of Braunschweig said in a statement. Some … Read more