TikTok signs deal for sale of U.S. operations to American investors
TikTok's China-based parent company ByteDance must sever ties with TikTok or lose access to U.S. app stores and web-hosting services
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Richard Escobedo covers economic policy - the intersection of Wall Street and Washington - at CBS News. He is also a coordinating producer at "Face the Nation with Margaret Brennan," overseeing the broadcast's C-suite and economic bookings. Richard joined CBS in 2018 and is a graduate of Texas Christian University in Fort Worth, Texas. He is based in Washington, D.C.
TikTok's China-based parent company ByteDance must sever ties with TikTok or lose access to U.S. app stores and web-hosting services
The U.S. seized a 20-year-old oil tanker called The Skipper off the coast of Venezuela on Wednesday. Here's what we know about the boat and the operation.
President Trump said the U.S. has seized an oil tanker, which Attorney General Pam Bondi said has been "used to transport sanctioned oil from Venezuela and Iran."
A Treasury Department analysis indicates that new U.S. sanctions on Russian oil producers have sent prices there tumbling, choking off a key revenue source that Russia has used to fund its war in Ukraine.
The president is hosting some of the nation's top financiers for a White House dinner Wednesday as part of his effort to bring manufacturing back home.
President Trump said last week of the meeting, "I love it."
Technology company Oracle is among a consortium of firms that would enable TikTok to continue operations in the U.S. if a framework deal is finalized, sources say.
It would be the first face-to-face meeting between Russian President Vladimir Putin and an American leader since former President Joe Biden met with Putin in June 2021.
Senate Democrats told the secretary of state they have "grave concerns" about the U.S. role in financing GHF, the main group distributing aid in Gaza.
President Trump announced last month that the U.S. would lift all sanctions on the country.
Japan's Nippon Steel can buy U.S. Steel as long as both sides sign a "national security agreement."
Bridget Brink, who resigned from her post as ambassador to Kyiv due to policy differences with President Trump, could run for Congress in Michigan.
House Republicans have included in Trump's domestic policy bill a 5% tax on cash payments sent by non-citizens to family in their home countries.
President Trump announced this week he will drop sanctions on Syria — surprising some senior U.S. sanctions officials, sources tell CBS News.
President Trump wants to launch a U.S. sovereign wealth fund — but the administration is still debating the mechanics of the fund.