Click on the Manage Content for adding and managing content.
Click on the Rotator Settings and choose what and how it will be displayed.

TikTok has signed the deal to sell its US entity to American investor group

Kraig Pakulski 0 64 Article rating: No rating
TikTok signed a deal to sell its US assets to a group of American investors

By Clare Duffy, CNN

New York (CNN) — TikTok has signed the deal backed by President Donald Trump to sell its US assets to a group of American investors, CEO Shou Chew told employees in a memo Thursday.

Although the transaction is not yet complete, the move brings TikTok one step closer to securing its long-term future in the United States. It comes after a law passed last year required that the US version of the app be spun off from its parent company, ByteDance, or be banned in the United States. Trump repeatedly delayed enforcement of the law as he pursued a deal to transfer control of the popular app to American ownership.

“We have signed agreements with investors regarding a new TikTok U.S. joint venture, enabling over 170 million Americans to continue discovering a world of endless possibilities as part of a vital global community,” Chew said in his memo, which was obtained by CNN.

Axios first reported the agreement.

The Trump administration said in September that it had reached a deal with China to transfer control of TikTok’s US operations to a group of mostly American investors. The president signed an executive order stating that the deal constitutes a qualified divestiture and delaying enforcement of the ban-or-sale law for 120 days to allow for the transaction’s closure.

Chew said in his memo that there is more work to be done before the deal is finalized, but the parties are moving toward a close by January 22, 2026. ByteDance and TikTok both agreed to the terms of the deal, he said.

The US law, which technically went into effect in January, bans TikTok unless ByteDance divests approximately 80% of its US assets to non-Chinese investors.

Under the agreement, the US TikTok app will be controlled by a new joint venture, 50% of which will be owned by a consortium of investors comprised of tech company Oracle, private equity firm Silver Lake and Emirati-backed investment firm MGX. Just over 30% of the joint venture will be held by “affiliates of certain existing investors in ByteDance” and 19.9% will be retained by ByteDance, according to Chew’s memo.

This is a developing story. It will be updated.

The-CNN-Wire
™ & © 2025 Cable News Network, Inc., a Warner Bros. Discovery Company. All rights reserved.

The post TikTok has signed the deal to sell its US entity to American investor group appeared first on News Channel 3-12.

TikTok firmó acuerdo para vender su entidad en EE.UU. a un grupo de inversionistas estadounidenses

Kraig Pakulski 0 53 Article rating: No rating

Por Clare Duffy, CNN

TikTok firmó el acuerdo que respalda el presidente Donald Trump para vender sus activos en EE.UU. a un grupo de inversionistas estadounidenses, informó el CEO Shou Chew a los empleados en un memorando el jueves.

Aunque la transacción aún no está completa, este paso acerca a TikTok a asegurar su futuro a largo plazo en Estados Unidos. Esto ocurre después de que una ley aprobada el año pasado exigiera que la versión estadounidense de la aplicación se separara de su empresa matriz, ByteDance, o fuera prohibida en Estados Unidos.

Noticia en desarrollo…

The-CNN-Wire
™ & © 2025 Cable News Network, Inc., a Warner Bros. Discovery Company. All rights reserved.

The post TikTok firmó acuerdo para vender su entidad en EE.UU. a un grupo de inversionistas estadounidenses appeared first on News Channel 3-12.

Federal watchdog investigating energy investments selectively terminated by Trump Administration in October

Kraig Pakulski 0 77 Article rating: No rating

WASHINGTON D.C. (KEYT) – On Wednesday, members of the California congressional delegation announced that a federal watchdog has agreed to investigate billions in federal energy investments selectively terminated by the Trump Administration earlier this year.

"[T]he Office of Inspector General recently announced an audit which will review the Department of Energy’s processes when cancelling financial assistance and whether those cancellations were in accordance with established criteria," read a letter from Sarah Nelson with the U.S. Department of Energy. "This work will help ensure that these activities are conducted consistently with applicable laws, regulations, and Departmental policies and procedures."

The $7.6 billion in grants were authorized through the Infrastructure Investment and Jobs Act which was signed into law in 2021.

"Donald Trump and his administration have launched an unlawful campaign of vengeance toward California, and their illegal cancellation of 79 energy grants to California was the latest example," said Senator Adam Schiff, one of 30 members of Congress who requested the restoration of funding in October. "I’m pleased to see that at our request, the Energy Department’s acting Inspector General is opening an investigation into this clear political targeting, which the Trump administration has openly admitted in court was intended to punish blue states."

In May of this year, Secretary Wright issued a Secretarial Memorandum that required all financial awards through the federal agency to be reviewed on a case-by-case basis to, "identify waste, safeguard taxpayer dollars, protect America's national security, and advance President Trump's commitment to deliver affordable, reliable, and secure energy for the American people."

"On day one, the Energy Department began the critical task of reviewing billions of dollars in financial awards, many rushed through in the final months of the Biden administration with inadequate documentation by any reasonable business standard," Secretary of Energy Chris Wright argued regarding the terminated funding. "President Trump promised to protect taxpayer dollars and expand America’s supply of affordable, reliable, and secure energy. Today’s cancellation’s deliver on that commitment."

On Oct. 1, the Trump Administration's Budget Director, Russell Vought announced on X/Twitter that Department of Energy projects in California, Colorado, Connecticut, Delaware, Hawaii, Illinois, Maryland, Massachusetts, Minnesota, New Hampshire, New York, Oregon, Vermont, and Washington would be terminated.

Each one of the states slated for feder

A top Zohran Mamdani appointee resigns due to old antisemitic posts

Kraig Pakulski 0 86 Article rating: No rating
Catherine Almonte Da Costa speaks during a press conference with New York City Mayor-elect Zohran Mamdani in Brooklyn

By Edward-Isaac Dovere, Gloria Pazmino, CNN

New York (CNN) — With under two weeks to go before he’s sworn in, New York City mayor-elect Zohran Mamdani has not announced many hires for his administration. One of the few that he has announced was forced to almost immediately resign Thursday after her past antisemitic tweets came to light.

Catherine Almonte Da Costa, whom Mamdani named his director of appointments just on Wednesday, in 2011 tweeted about “money-hungry Jews” and other similar comments, in posts first reported by The Judge Street Journal, a newsletter about New York politics.

In a statement, Da Costa said, “I spoke with the Mayor-elect this afternoon, apologized, and expressed my deep regret for my past statements. These statements are not indicative of who I am. As the mother of Jewish children, I feel a profound sense of sadness and remorse at the harm these words have caused. As this has become a distraction from the work at hand, I have offered my resignation.”

Mamdani’s transition also provided a statement from the mayor-elect: “Catherine expressed her deep remorse over her past statements and tendered her resignation, and I accepted.”

Several New York political insiders told CNN that they questioned the incoming administration’s vetting process, given that she was picked despite tweets that were revealed so quickly after her announced hire.

Mamdani has so far named only one deputy mayor and no commissioners other than retaining current Police Commissioner Jessica Tisch.

Beyond the delays themselves was the latest in Mamdani’s struggles to convince key leaders of the city’s Jewish population that he is not overlooking or fostering antisemitism.

Mamdani, who will become the city’s first Muslim mayor, is a fierce critic of Israel while also vowing to fight antisemitism. But he has faced questions about his initial refusal to disavow chants like “globalize the intifada” or his statement criticizing a synagogue after a protest outside of it.

Da Costa would have been in charge of other hires in the incoming Mamdani administration. A Dominican immigrant who grew up in Queens, Da Costa has worked in government for years and previously served in former Mayor Bill de Blasio’s administration in his office of appointments.

“Obviously, I would strongly disagree with those statements. I think I’ve been very clear on my views on that,” House Minority Leader Hakeem Jeffries, who represents parts of Brooklyn and held off for months in endorsing Mamdani in part because of concerns about the incoming mayor’s approach to antisemitism, told CNN on Thursday afternoon.

Jeffries added he’d have more to say after reviewing the story.

The Anti-Defamation League’s New York/New Jersey chapter, which highlighted Da Costa’s old tweets, said her posts “echo classic antisemitic tropes and otherwise demean Jewish people.

“Tweeting about ‘Money hungry Jews’ is indefensible,” the ADL chapter said on X.

The-CNN-Wire
™ & © 2025 Cable News Network, Inc., a W

The invisible workplace problem stealing hours

Kraig Pakulski 0 81 Article rating: No rating

Person using a smartphone in front of a laptop with a various icons, like an alert bell, an email inbox notification, and a shopping cart, overlaying the image.

PeopleImages // Shutterstock

 

Tools shape everything about an employee’s workday: how they communicate, track information, move between tasks, and experience their workflow. And while organizations invest heavily in software to boost efficiency, productivity depends just as much on how those tools fit together. A streamlined system can speed up work and keep teams aligned; a fragmented one does the opposite. Many employees feel stuck in tech stacks that create more friction than clarity because of overlapping apps, duplicated platforms, and scattered systems that turn simple tasks into multistep searches and constant switching.

Buddy Punch’s survey of more than 500 U.S. operations leaders reveals just how widespread this problem has become. Tool sprawl isn’t a niche issue or the result of unusual complexity; it’s the default operating environment for most organizations today. The following report explores how tool overload affects the modern workday: how it slows workflows, scatters information, and drains time through constant switching.

Key Findings

  • More than half of organizations (52%) say they’re using too many tools, and only 1 in 4 operate on a consolidated system.
  • Teams rely on multiple apps across every core function, with communication especially overloaded as half of organizations use three or more tools just to stay in touch.
  • Frustration grows with tool count, and employees in organizations using six or more tools are significantly more likely to say their tech stack is overwhelming.
  • Tool switching has become a major time sink: 72% of organizations estimate losing at least 5% of weekly hours to navigating between platforms.
  • Most employees (82%) say tool overload harms efficiency, and more than 40% of organizations have already cut or eliminated tools to reduce complexity.

How Do Workplaces End Up With So Many Tools? The Slow Creep of ‘One More App’

For most companies, a scattered tech stack didn’t happen by design; it accumulated one problem, one department, and one “quick fix” at a time. A chat tool here, a scheduling app there, a project board for one team, a spreadsheet for another. Over time, those decisions add up.

The survey shows just how deeply this pattern is embedded: 51% of companies use multiple tools that each serve a “distinct purpose.” In theory, that sounds reasonable. In practice, it often means switching between apps that perform overlapping tasks, fragmenting work rather than streamlining it.

Only 24% have consolidated most work into one or two core platforms, signaling that true integration is still the exception, not the norm.

Which of the following best describes your organization’s overall approach to tool usage?

A bar graph showing survey answers to

Read more
RSS
First42344235423642374239424142424243Last