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Geek Tyrant
07-07-2025
- Business
- Geek Tyrant
TikTok's U.S. Spinoff in the Works Ahead of Deadline, But Will It Be Enough? — GeekTyrant
TikTok might be preparing to reinvent itself in the U.S. again. According to a report from The Information, the company is quietly developing a new version of the app specifically for American users, potentially launching it as early as September 5, just ahead of the latest deadline extension for a government-mandated sale or shutdown. That deadline is September 17th and it marks the third extension issued by President Trump, who delayed enforcement of the law originally passed under the Biden administration. That law, signed by Biden and upheld by the Supreme Court, requires TikTok's parent company, China-based ByteDance, to sell off its U.S. operations or face a full ban. Trump halted enforcement the day after taking office and has continued to extend the deadline ever since. So what's next? Well, TikTok's plan to launch a new U.S.-specific app appears to be part of its strategy to stay alive in the American market while a sale is negotiated. ByteDance reportedly aims to shut down the current version of TikTok by March 2026. Meanwhile, Trump recently told Fox News that a group of 'very wealthy people' are in talks to buy TikTok. 'We'll let you know who they are in a couple of weeks,' he said, adding that while the deal will likely require approval from the Chinese government, he expects President Xi Jinping to go along with it. In a public statement on the current delay, TikTok said: 'We are grateful for President Trump's leadership and support in ensuring that TikTok continues to be available for more than 170 million American users and 7.5 million U.S. businesses that rely on the platform as we continue to work with Vice President Vance's Office.' It's the latest twist in a long-running political tug-of-war over the wildly popular short-form video platform. Lawmakers in both parties have argued that TikTok poses national security risks, with concerns over potential data-sharing with the Chinese government. ByteDance and TikTok have denied these allegations. Still, U.S. lawmakers overwhelmingly passed legislation last year forcing ByteDance to divest or risk losing the entire American market. Complicating the matter even further is the broader U.S.-China relationship. Trump's trade policy has amped up tensions, imposing stiff tariffs on Chinese imports. For now, both nations are in a shaky truce, with negotiations underway and some tariffs temporarily lowered, but that could shift. So, will TikTok's new U.S. app be enough to satisfy regulators, or is it just a temporary fix in a much larger geopolitical standoff? One thing's for sure… the clock's ticking.
Yahoo
04-07-2025
- Business
- Yahoo
Whirlpool Corporation (WHR) Could Go To $120 'In A Hearbeat,' Says Jim Cramer
We recently published . Whirlpool Corporation (NYSE:WHR) is one of the stocks Jim Cramer recently discussed. Whirlpool Corporation (NYSE:WHR) is an American home appliance company that makes and sells a wide variety of appliances such as washing machines and refrigerators. While the shares have lost 8.5% year-to-date, they have gained 34% over the past month. Whirlpool Corporation (NYSE:WHR)'s stock has soared recently because the firm has built a narrative of benefiting from tariffs due to its US presence. Cramer discussed this aspect as well: 'You know I'm focused on tariffs, I mentioned earlier that Amazon. . .talking about the China tariffs are here. Whirlpool. Okay, the government's side of back Whirlpool versus foreign companies that make appliances. Whirlpool sells at seven times earnings, the stock could go to 120 in a heartbeat. Because they are going to have this market to themselves after the tariffs come in. I've been waiting for this industry to be able to rationalize for a long time. . . we're talking about big, big tariffs. We're talking about making it so that Whirlpool becomes cheap. This is the beginning of what I regard as people saying, wait a second, tariffs distort the market, and keep out inexpensive makers. I would say the only one left that we have is Whirlpool and good luck going against Whirlpool once we start doing these tariffs. However, while he was positive on Whirlpool Corporation (NYSE:WHR), Cramer had advised viewers to buy Home Depot a day before President Trump announced his Liberation Day tariffs: A close-up of a modern refrigerator with the company logo in the background. 'I don't understand why – it never goes anywhere, I thought this guy would come in, I thought it'd be well-run – it's not happening. I'm going to say I don't like it. I think you should own the stock of Home Depot—that's the one to buy right here right now.' While we acknowledge the potential of WHR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
03-07-2025
- Business
- Yahoo
Trump's tariffs on camera gear can only hurt photographers
When you buy through links on our articles, Future and its syndication partners may earn a commission. The full force of Trump's so-called 'reciprocal' tariffs has started to hit hard. Earlier this week, we reported that the price of a whole host of Nikon cameras and lenses shot up, followed not long after by Canon hiking prices on its camera gear. Sony has also raised its prices recently, and Leica almost doubled the US price of the one of its cameras before going out of stock seemingly indefinitely, all as a direct result of the blanket tariffs levied on anything not made in the USA. The tariffs are even rumored as being responsible for the delayed Sony A7 V, though that could well be down to general mass production issues. Tariffs are imposed on the importer of goods as they are brought into the United States, not the manufacturer. So, the importer has the choice of attempting to absorb the additional cost it is required to pay or passing it on to the consumer. The way the big camera corporations tend to operate is that the parent company will sell its products to subsidiaries it owns in the respective territories it operates in. That price is set, so it's up to the local subsidiary to decide whether to cut into its own profits or pass the costs on. In an already competitive market where margins are relatively thin, there may not be much choice other than to do the latter. The idea, of course, is to cut the competitive advantage that foreign firms have over American ones due to lower labor costs overseas (among other things) to create a more level playing field, or to persuade multinationals to move manufacturing to the USA. But when it comes to the photography market, Canon, Nikon, Sony et al have no history of manufacturing their products in the United States and are unlikely to move production to the country. Particularly given that, even in the short few months that they have been threatened, the levels of the tariffs change seemingly on a whim. It would likely take years to tool up manufacturing in the US, in which time who knows who will be in charge and what will happen to the tariffs. And even if they were to gear up for American-made production, the nature of international supply chains would mean vital components that are only ever likely to be made overseas – such as camera sensors – would still have tariffs imposed on them. Even American historic photographic brand names, such as Kodak and Polaroid, haven't seen a camera roll off a production line in the USA for years. And with no locally made competition, there's little incentive for camera manufacturers to eat into their own bottom line so they can sell to importers at a lower price, as they're all in the same boat. At the very best, it might cause companies to switch production from their higher-tariffed production lines to countries they already operate in with lower tariffs – from China to Japan, for example, as is the case with some Fujifilm cameras – but it won't make the slightest difference when it comes to creating more American jobs. If anything, the reverse is more likely to be true – as if US citizens buy less camera kit in response, then it will only negatively impact US-based resellers, who may in turn be forced to cut their own costs. Where there may be some logic in imposing targeted tariffs on foreign-made goods that are also manufactured in the USA, such as automobiles, for products that the US has no expertise in manufacturing, the only people who will suffer are American consumers – either by paying over the odds or having to do without the latest and greatest kit because they can no longer afford it. So, whatever your view on the wisdom of protectionism, there's no doubt that when it comes to camera kit, tariffs on photography gear hurt American photographers above all else. Check out our constantly-updated story on camera tariffs for all the latest developments on the tariff situation.
Daily Mail
01-07-2025
- Automotive
- Daily Mail
Major recall as popular SUV's windscreen poses deadly risk
A best-selling American SUV is facing a new recall. Jeep is recalling nearly 1,700 of its popular 2023 Grand Cherokee and Grand Cherokee L SUVs after discovering a defect that could cause the vehicle's windshield defroster and defogger to stop working. The company said in federal filings that the defect risks reduced visibility and might lead to potential crashes. Damaged connectors in the wiring can lead to an electrical failure, making the system inoperative, and risks fogging front windshields with no remedy, the automaker wrote in the filing. Highest risks of window defogging is during extreme high and low temperatures. 'Dealers will inspect and replace the blower motor, as necessary free of charge,' the carmaker wrote in a filing to the National Highway Traffic Safety Administration (NHTSA). 'Drivers may notice that the windshield defogging is not working, or that the air conditioning system is not working as intended.' Last year, the Grand Cherokee was the 12th-best-selling consumer vehicle in the US market, with 216,148 units sold. But none of the Grand Cherokees that left American lots last year are impacted by the recall. All affected vehicles were built between November 2, 2022, and September 18, 2023. Similar vehicles manufactured before or after that window, or those equipped with undamaged connectors, are not included in the bulletin. In total, 1,689 vehicles are impacted by the safety recall — including 422 Grand Cherokee L models and 1,267 Grand Cherokee units. The remedy for the problem is not currently available. Jeep estimates that it will have a fix for the airflow motors by the third quarter of this year. Stellantis didn't immediately respond to request for comment. This is the 18th recall for the Detroit brand this year, according to the NHTSA's public dataset. That is the second-most for any consumer automotive brand in the US. However, Stellantis' issues are minor compared to Ford, one of its biggest American competitors. The blue oval is yet again leading the automaking pack with 82 recalls issued this year, more than Stellantis, Honda, Mercedes-Benz, Volkswagen, and General Motors combined. Ford had the most US-based recalls for five years in a row until Stellantis and Tesla took its place atop the safety bulletin list in 2024. Now, it's back on top. This year's Ford recalls span a range of issues, including powertrain fixes, technical reboots, seatbelt realignments, and backup camera adjustments. A Ford representative previously told that around half of its recalls included an over-the-air technical update and didn't require a trip to the dealership.
Yahoo
26-06-2025
- Business
- Yahoo
BBC to charge US-based viewers for TV and news coverage
The BBC will charge viewers in the US to access its news coverage and TV content in the first scheme of its kind. It marks the first time consumers outside of the UK will be asked to pay for the broadcaster's news output. A 'premium experience' which gives access to unlimited news articles and the BBC News livestream will also be offered. Films and documentaries without advertisements, podcasts and newsletters will also be included in the scheme. It is part of a move by the BBC to expand into the American news market to raise funds. Users will be offered a subscription of $8.99 a month or $49.99 a year to access the package. The corporation said it was 'the first phase of a pay model for visitors in the US'. It added that there were 'no current plans to introduce a pay model outside of North America'. The BBC website has an audience of around 60 million users in the US, which readers can currently access for free with adverts. The broadcaster is exploring new revenue streams amid a negotiation of its royal charter, which determines its funding model and expires in 2027. Earlier this month, BBC director-general Tim Davie said he supported 'reform' in the way the corporation is funded. In April, the licence fee rose from £169.50 to £174.50, after years in which the charge was first frozen and then increased at a slower rate than the BBC expected, leaving the corporation increasingly cash-strapped amid rising inflation.
