New York / Hong Kong (CNN Business)President Donald Trump is adamant that a tentative will include a $5 billion fund to "educate people" about the "real history of our country."That appears to have taken TikTok's Chinese parent company ByteDance by surprise, and created even more confusion about how the finer points of will work in practice. Trump mentioned the fund at a rally in North Carolina on Saturday, as he signaled his approval of a deal between ByteDance, and . The deal — which would temporarily avert — would see Walmart and Oracle take a stake of up to 20% in a newly created...…New York / Hong Kong (CNN Business)President Donald Trump is adamant that a tentative will include a $5 billion fund to "educate people" about the "real history of our country."That appears to have taken TikTok's Chinese parent company ByteDance by surprise, and created even more confusion about how the finer points of will work in practice. Trump mentioned the fund at a rally in North Carolina on Saturday, as he signaled his approval of a deal between ByteDance, and . The deal — which would temporarily avert — would see Walmart and Oracle take a stake of up to 20% in a newly created...WW…

MarketsFeaturedFear & Greed IndexLatestAnalysis by , CNN BusinessLink Copied!Ad Feedback — Nations and companies around the world are being sucked into a running battle over the future of technology between the United States and China, forcing them to choose sides in a conflict that is fracturing global supply chains and pushing businesses out of lucrative markets.The latest casualty is TikTok, a video app that is popular with teenagers and which has hundreds of millions of devoted fans across markets such as India and the United States. The app is owned by a Chinese company,...…MarketsFeaturedFear & Greed IndexLatestAnalysis by , CNN BusinessLink Copied!Ad Feedback — Nations and companies around the world are being sucked into a running battle over the future of technology between the United States and China, forcing them to choose sides in a conflict that is fracturing global supply chains and pushing businesses out of lucrative markets.The latest casualty is TikTok, a video app that is popular with teenagers and which has hundreds of millions of devoted fans across markets such as India and the United States. The app is owned by a Chinese company,...WW…

Hong Kong (CNN Business)Nations and companies around the world are being sucked into a running battle over the future of technology between the United States and China, forcing them to choose sides in a conflict that is fracturing global supply chains and pushing businesses out of lucrative markets.The latest casualty is TikTok, a video app that is popular with teenagers and which has hundreds of millions of devoted fans across markets such as India and the United States. The app is owned by a Chinese company, but run by an .The first major hit came last month, when TikTok after a heated...…Hong Kong (CNN Business)Nations and companies around the world are being sucked into a running battle over the future of technology between the United States and China, forcing them to choose sides in a conflict that is fracturing global supply chains and pushing businesses out of lucrative markets.The latest casualty is TikTok, a video app that is popular with teenagers and which has hundreds of millions of devoted fans across markets such as India and the United States. The app is owned by a Chinese company, but run by an .The first major hit came last month, when TikTok after a heated...WW…

MarketsFeaturedFear & Greed IndexLatestBy and , CNN BusinessLink Copied!Ad Feedback — Saudi Arabia and Russia have struck a deal with other major oil producing nations to as they attempt to stabilize a market that has been upended by theMembers of OPEC and their allies, including Russia and Mexico, announced Sunday that they have agreed to cut production by 9.7 million barrels a day in May and June, the by the world’s oil producers. After that, the group will steadily ramp up production until the agreement expires in April 2022.The group, which together is known as OPEC+, had...…MarketsFeaturedFear & Greed IndexLatestBy and , CNN BusinessLink Copied!Ad Feedback — Saudi Arabia and Russia have struck a deal with other major oil producing nations to as they attempt to stabilize a market that has been upended by theMembers of OPEC and their allies, including Russia and Mexico, announced Sunday that they have agreed to cut production by 9.7 million barrels a day in May and June, the by the world’s oil producers. After that, the group will steadily ramp up production until the agreement expires in April 2022.The group, which together is known as OPEC+, had...WW…

(CNN Business)China's is continuing to gather steam. Imports surged more than 38% last month in US dollar terms compared to a year earlier, according to customs data released Tuesday. It's a sign that demand within China is picking up as the country moves past the worst of the economic damage wrought by the . Exports grew by nearly 31% in March compared to a year prior — less than analyst expectations, but still strong. The surge is partly because China had shut down large swaths of its economy in early 2020 to contain the coronavirus outbreak.China's overall trade surplus narrowed to $13.8...…(CNN Business)China's is continuing to gather steam. Imports surged more than 38% last month in US dollar terms compared to a year earlier, according to customs data released Tuesday. It's a sign that demand within China is picking up as the country moves past the worst of the economic damage wrought by the . Exports grew by nearly 31% in March compared to a year prior — less than analyst expectations, but still strong. The surge is partly because China had shut down large swaths of its economy in early 2020 to contain the coronavirus outbreak.China's overall trade surplus narrowed to $13.8...WW…

(CNN Business)Companies that want to do business in China in the pursuit of success. Now an over human rights is underscoring the stark choice facing Western executives: put profit or principles first. The strains over Xinjiang — where US, EU and UK authorities through forced labor, mass detention and sterilization — has ensnared a growing number of businesses and trade relationships in recent months. Beijing has vehemently denied all the allegations, and says its camps in the region are "vocational training centers" designed to combat terrorism and religious extremism. But last week, a...…(CNN Business)Companies that want to do business in China in the pursuit of success. Now an over human rights is underscoring the stark choice facing Western executives: put profit or principles first. The strains over Xinjiang — where US, EU and UK authorities through forced labor, mass detention and sterilization — has ensnared a growing number of businesses and trade relationships in recent months. Beijing has vehemently denied all the allegations, and says its camps in the region are "vocational training centers" designed to combat terrorism and religious extremism. But last week, a...WW…

MarketsFeaturedFear & Greed IndexLatestBy and , CNN BusinessLink Copied!Ad Feedback — Warren Buffett has just joined the world’s most exclusive club of the mega rich.The legendary American investor was worth $100 billion on Thursday, according to the . That puts him in the company of just five other men above that threshold. And he’s now the sixth richest person in the world, ranking just behind FacebookCEO Mark .The 90-year-old has added nearly $13 billion to his net worth this year as shares in his industrial and insurance conglomerate have surged. Berkshire Hathawayis up...…MarketsFeaturedFear & Greed IndexLatestBy and , CNN BusinessLink Copied!Ad Feedback — Warren Buffett has just joined the world’s most exclusive club of the mega rich.The legendary American investor was worth $100 billion on Thursday, according to the . That puts him in the company of just five other men above that threshold. And he’s now the sixth richest person in the world, ranking just behind FacebookCEO Mark .The 90-year-old has added nearly $13 billion to his net worth this year as shares in his industrial and insurance conglomerate have surged. Berkshire Hathawayis up...WW…

MarketsFeaturedFear & Greed IndexLatestBy and , CNN BusinessLink Copied!Ad Feedback — One of China’s most powerful financial officials is sounding the alarm over a bubble in global markets.Guo Shuqing, the Communist Party boss at the People’s Bank of China, told reporters in Beijing on Tuesday that confidence in Chinese markets could be hit by volatility around the world.“We are really afraid the bubble for foreign financial assets will burst someday,” said Guo, who is also chairman of China’s Banking and Insurance Regulatory CommissionGuo’s warning follows concerns expressed...…MarketsFeaturedFear & Greed IndexLatestBy and , CNN BusinessLink Copied!Ad Feedback — One of China’s most powerful financial officials is sounding the alarm over a bubble in global markets.Guo Shuqing, the Communist Party boss at the People’s Bank of China, told reporters in Beijing on Tuesday that confidence in Chinese markets could be hit by volatility around the world.“We are really afraid the bubble for foreign financial assets will burst someday,” said Guo, who is also chairman of China’s Banking and Insurance Regulatory CommissionGuo’s warning follows concerns expressed...WW…

Hong Kong (CNN Business)China wants to lead the global recovery from the pandemic and become more influential on the world stage than ever before. It might just have the momentum — and the confidence — to pull that plan off. The world's second largest economy from the Covid-19 pandemic last year, and its ability to keep growing while the world crashed into recession could mean its GDP exceeds that of the United States later this decade, years "China emerged from the Covid-19 shock earlier than the rest of the world and authorities are already planning for the long term," wrote Françoise...…Hong Kong (CNN Business)China wants to lead the global recovery from the pandemic and become more influential on the world stage than ever before. It might just have the momentum — and the confidence — to pull that plan off. The world's second largest economy from the Covid-19 pandemic last year, and its ability to keep growing while the world crashed into recession could mean its GDP exceeds that of the United States later this decade, years "China emerged from the Covid-19 shock earlier than the rest of the world and authorities are already planning for the long term," wrote Françoise...WW…

MarketsFeaturedFear & Greed IndexLatestBy , and , CNN BusinessLink Copied!Ad Feedback — Goldman Sachs’s Malaysian subsidiary has pleaded guilty to charges that it conspired to violate US anti-bribery laws in a involving the Southeast Asian country’s sovereign wealth fund, known as 1MDB.Goldman has agreed to pay about $2.9 billion to various authorities. About $1.3 billion of that will go to the US Justice Department, representing the largest ever penalty under the Foreign Corrupt Practices Act, a US law which bars companies from bribing foreign leaders.“Greed is not good....…MarketsFeaturedFear & Greed IndexLatestBy , and , CNN BusinessLink Copied!Ad Feedback — Goldman Sachs’s Malaysian subsidiary has pleaded guilty to charges that it conspired to violate US anti-bribery laws in a involving the Southeast Asian country’s sovereign wealth fund, known as 1MDB.Goldman has agreed to pay about $2.9 billion to various authorities. About $1.3 billion of that will go to the US Justice Department, representing the largest ever penalty under the Foreign Corrupt Practices Act, a US law which bars companies from bribing foreign leaders.“Greed is not good....WW…