TikTok deal to include new investors with ByteDance; Oracle to keep cloud agreement, sources say

TikTok deal to include new investors with ByteDance; Oracle to keep cloud agreement, sources say

The upcoming commercial agreement for the social media platform TikTok will include new investors as well as existing investors in the platform’s Chinese parent company ByteDance, sources told CNBC’s David Faber. “Where this thing is capitalized and how large it is remains to be seen,” Faber said during CNBC’s “Squawk on the Street” on Tuesday….

Read More
Bitcoin could soon have a big global buyer that has shunned it up to this point

Bitcoin could soon have a big global buyer that has shunned it up to this point

Central banks around the world — including the Federal Reserve — could soon become big buyers of bitcoin, after historically shunning the cryptocurrency, according to the Deutsche Bank Research Institute. Monetary policy-setting institutions have traditionally skewed conservative with their reserves, holding mostly gold and Treasurys for stability and to preserve their currencies’ value. Yet, the…

Read More