Advertisers worry about the TikTok ban’s damage while holding out hope the app won’t ‘go dark’ for long
If TikTok returns to the US after “going dark,” would advertisers come back, too? That was the big question floating around the ad industry on Friday after the Supreme Court upheld a law forcing TikTok’s Chinese owner to divest from the app or see it banned on Sunday. US-based brands will not be able to…
The 3-year US freight recession may finally be ending
A three-year recession in the freight market may be finally nearing its end. Bank of America said in a note on Thursday that proprietary signals suggest the transportation industry is on the verge of entering a period of growth heading into 2025. “Our proprietary BofA Truck Demand Indicator is at 59.8, its highest level in…
A nurse who uses a gig app to pay off debt says it points to a problem with the profession
Some nurses have turned to apps like CareRev to make money. Sarah has a full-time nursing job during the day. A few evenings each week, however, she picks up shifts at other hospitals through an app called CareRev to make extra money. Usually, the shifts are at night and within a little over an hour…
China hit its economic goals in 2024 despite a consumer spending problem
People at Tiananmen Square in Beijing, China. In a news release on Friday morning, China’s National Bureau of Statistics reported its economy grew 5% in 2024 from a year ago, meeting its official target. Analysts polled by Reuters had expected China’s full-year GDP growth to come in at 4.9%, just shy of the official target…
Capital One is having a tough week
It’s been a tough week for Capital One, with a lawsuit and system outage hitting back-to-back as other big US banks enjoyed positive headlines about stellar fourth-quarter earnings. On Tuesday, the Consumer Financial Protection Bureau sued the bank, accusing it of “cheating” millions of customers out of $2 billion in interest. The CFPB said the…
5 things the nominee for Treasury Secretary signaled about what markets can expect in a 2nd Trump term
Scott Bessent testified before the Senate Finance Committee during his confirmation hearing for Treasury Secretary. Scott Bessent’s nomination hearing gave markets a handful of hints as to what the next four years could look like. The investor and hedge fund executive sat this week for his confirmation hearing as Donald Trump’s pick to lead the…
Private firefighters breakdown how they spend most of their time — and it’s not protecting mansions
A firefighter battled fire in the Pacific Palisades neighborhood of Los Angeles, on January 7, 2025. Private firefighters aren’t doing what you likely think they are — not exactly. Reports of wealthy homeowners in the Los Angeles area paying private firefighters thousands of dollars per day have spread on social media in the past week,…
AI is doing 95% of the work on an IPO prospectus, says Goldman Sachs CEO
Goldman Sachs’ NYC headquarters One of Wall Street’s top bosses just gave a revealing look into how AI is changing the lives of bankers and analysts in its investment bank. Ten years ago, when Goldman wanted to win the business of a company going public, it would appoint a team of around half a dozen…
Meta could rake in billions in ad dollars if TikTok is banned
Meta slashed its DEI team in January. If TikTok is booted from US app stores, Meta could stand to be one of the largest beneficiaries, analysts say. TikTok, the video platform owned by China’s Bytedance, faces an impending ban if the US Supreme Court upholds a law that forces the parent company to divest from…
