Wall Street Reacts to US Bill Demanding TikTok Divest from ByteDance

Wednesday, 6 March 2024, 11:57

The proposed U.S. bill demanding TikTok to divest from China's ByteDance or face a ban has caused concerns among investors on Wall Street. The impact of this demand on the tech industry and global market remains uncertain, as companies like Nordstrom and Berkshire's PacifiCorp face their own challenges.
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Wall Street Reacts to US Bill Demanding TikTok Divest from ByteDance

Wall Street Breakfast Podcast: Bill Demands TikTok Divest From ByteDance Or Face Ban

U.S. bill demands TikTok divest from China's ByteDance or face ban.

Highlights:

  • Concerns: Proposed U.S. bill sparks worries on Wall Street
  • Market Reactions: Nordstrom shares plunge due to soft guidance
  • Legal Action: Jury orders PacifiCorp to pay up

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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