Business

GameStop shares soar as 'Roaring Kitty' returns

Shares in GameStop, the company at the center of the "meme stock" craze that throttled Wall Street in early 2021, soared Monday in a move that recalled the earlier speculative frenzy.

Business

Bankrupt FTX sells stake in hot AI startup Anthropic

FTX, the bankrupt company once run by disgraced crypto king Sam Bankman-Fried, will sell two-thirds of its shares in hot AI startup Anthropic for $880 million, a court filing said on Monday.

Business

US House overwhelmingly passes TikTok ban bill

The US House of Representatives overwhelmingly approved a bill on Wednesday that would force TikTok to divest from its Chinese owner or get banned from the United States.

Business

TikTok and its 'secret sauce' caught in US-China tussle

As a US campaign to sever TikTok from its Chinese parent heads to the Senate, analysts say Beijing's response to a forced sale of the app—and its 'secret sauce' algorithm—will be clear: Hands off.

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