SAN FRANCISCO (AP) — TikTok has signed a deal to sell its U.S. business to three American investors — Oracle, Silver Lake and MGX — ensuring the popular social video platform can continue operating in the United States. The deal is expected to close on Jan. 22, according to an internal memo seen by The…… MORE
NEW YORK (AP) — U.S. stocks rose following an encouraging report on inflation that could help the Federal Reserve keep cutting interest rates next year. A strong profit report from Micron Technology also helped AI stocks halt their sharp slides on Thursday, at least for now. The S&P 500 gained 0.8% to break a four-day…… MORE
FRANKFURT, Germany (AP) — The European Central Bank is leaving interest rates unchanged for the fourth meeting in a row as the economy in the 20 countries that use the euro increasingly looks strong enough to get by without the stimulus of lower borrowing costs for businesses and consumers. The bank’s rate-setting council on Thursday…… MORE
HARRISBURG, Pa. (AP) — Federal regulators will allow tech companies to effectively plug massive data centers directly into power plants. The Federal Energy Regulatory Commission’s order Thursday comes as the Trump administration urges it to help the U.S. lead the world in artificial intelligence. FERC’s order is designed to clear up pressing issues around so-called…… MORE
Delivery company Instacart will pay $60 million in customer refunds under a settlement reached with the Federal Trade Commission. The FTC said Thursday that Instacart has been falsely advertising free deliveries and not disclosing service fees. It also said Instacart failed to disclose that customers who enrolled in a free trial would be charged membership…… MORE