Hi, everyone. Here’s your quick catch-up on the latest news in business and tech, plus what you need to know for the week ahead. — Charlotte Cowles
What’s Up? (Sept. 13-19)
TikTok Gets a Break
Dancing teens and influencers, rejoice: The TikTok ban has been averted, at least for now. Just hours before the Commerce Department was set to pull the popular video app TikTok from U.S. app stores, President Trump gave his “blessing” to a deal for the Chinese-owned platform to partner with American companies Oracle and Walmart. The agreement would reportedly put 53 percent of TikTok under American control, which satisfied the Trump administration’s concerns about China’s ability to use the app to spy on Americans. Less lucky was the Chinese-owned messaging app WeChat, whose ban is being contested in court.
Not So Fast
JPMorgan Chase raised eyebrows when it became the first major bank to order more