TikTok has faced significant challenges to its survival in the U.S., primarily due to concerns over data privacy and national security. The app, owned by Chinese company ByteDance, has been scrutinized by U.S. lawmakers and government officials who worry about potential Chinese government influence or access to user data. These concerns have led to multiple attempts to ban TikTok. Will Trump make a u-turn?
The S&P 500 recently hit a record high, surpassing the 5,700 mark, driven by optimism around potential Federal Reserve rate cuts and strong economic data. Tech stocks played a significant role in this surge, with companies like Nvidia, AMD, and Meta leading gains. Investors are optimistic that the Fed's policies are successfully guiding the economy toward a "soft landing," as indicated by declining inflation and strong consumer sentiment. The University of Michigan’s sentiment survey shows Americans feeling more positive about the economy, with inflation expectations falling, which further bolstered market confidence. Additionally, the rally in the S&P 500 has been accompanied by gains in other indices, such as the Dow Jones and Nasdaq, reflecting broader strength across markets. T