Share of Americans in Favor of TikTok Ban Declines, Says Pew Research Study

Support for a TikTok ban in the United States is declining, according to a Pew Research Center study, with about a third of U.S. adults polled in favor of a national ban compared to 50% in March 2023. Most in support cite concerns about data security and China as the major reasons behind their opinion on the short-video sharing app, according to the study, while most who oppose believe a ban would violate their First Amendment rights of freedom of speech. Moreover, the share of Americans that see TikTok as a threat to national security has also declined -- from 59% in 2023 to 49% in the latest survey. Pew found that Americans who do not use TikTok are nearly four times more likely to support a ban. President Donald Trump postponed ByteDance's sale of the app from its original deadline of Jan. 19 to April 19, with U.S. companies like Oracle (NASDAQ: ORCL) and Microsoft (NASDAQ: MSFT) are speculated to buy TikTok. ByteDance has not announced plans for a sale.

Chinese Automaker BYD Tops Tesla's Annual Revenue in 2024

Chinese automaker BYD (OTC: BYDDY) reported annual revenue of 777 billion yuan ($107 billion) for 2024, outpacing key rival Tesla (NASDAQ: TSLA), which posted an annual revenue of $97.7 billion for the same period. The automaker's revenue rose 29% from the previous year, BYD said in a filing publish on Monday, with President Wang Chunfu highlighting the company's "rapid development" throughout the year pushed it to become the first globally to deploy 10 million new energy vehicles in November. "BYD has become an industry leader in every sector from batteries, electronics to new energy vehicles, breaking the dominance of foreign brands and reshaping the new landscape of the global market," Wang said in a statement.

23andMe Files Chapter 11 Bankruptcy, CEO Anne Wojcicki Steps Down

Genetic testing company 23andMe (NASDAQ: ME) filed for Chapter 11 bankruptcy protection in a Missouri federal court on Sunday, and Chief Executive Officer Anne Wojcicki has resigned from her role, effective immediately. Current Chief Financial and Accounting Officer Joseph Selsavage will serve as interim CEO, according to a filing with the U.S. Securities and Exchange Commission. "We have had many successes but I equally take accountability for the challenges we have today," Wojcicki wrote in a post on X on Monday. "There is no doubt that the challenges faced by 23andMe through an evolving business model have been real, but my belief in the company and its future is unwavering." 23andMe, once valued at $6 billion, has struggled to maintain recurring revenue in recent years. Its market capitalization is about $25 million as of Monday.

Ticket Seller StubHub Holdings Files to Go Public on NYSE

Ticket selling platform StubHub Holdings Inc. on Friday filed to go public on the New York Stock Exchange under the symbol "STUB," offering another sign that the initial public offering (IPO) may be heating up again after stalling after the pandemic-induced boom since early 2022. A leader in the ticket industry, StubHub was previously purchased by eBay (NASDAQ: EBAY) for $310 million in 2007, before being purchased by co-founder Eric Baker in 2020 for $4 billion though his company Viagogo. The company said in its prospectus that it sold more than 40 million tickets through its marketplace of about 1 million sellers. StubHub said it had a net loss of $2.8 million on revenue of $1.77 billion in 2024, compared with a profit of $405 million on revenue of $1.37 billion the previous year.

BNPL Lender Klarna Signs DoorDash Partnership Ahead of IPO

Buy now, pay later platform Klarna announced Thursday that it signed a partnership with DoorDash (NASDAQ: DASH), marking another milestone for the lender as it plans to go public on the New York Stock Exchange under the ticker KLAR. This is also DoorDash's first BNPL partnership in the United States, allowing customers to split payments for orders into four equal interest-free installments, or defer due dates to longer term schedules subject to interest. Sweden-based Klarna filed its prospectus last week to go public, reporting its revenue increased 24% to $2.8 billion last year, and its adjusted operating profit was $181 million, recovering from a $49 million loss a year earlier. The company said in its filing that it has 675,000 merchant partners in 26 counties.

Edible Brands Launches Edibles.com for Hemp Products

Edible Brands, the parent company of Edible Arrangements, is launching Edibles.com, an ecommerce marketplace for hemp products. Benefitting from the 2018 Farm Bill, which legalized hemp (legally defined as a plant that contains 0.3% of less THC, the intoxicant chemical of cannabis), the website plans to roll out nationwide after its initial launch in Texas on Friday. "This is a defining moment for the hemp industry," Cann CEO Jake Bullock said in a statement. "A trusted, high-quality marketplace like Edibles.com has the power to reshape the future of THC products and drive the long-term industry growth we've all been working toward." Edibles.com will also have a brick-and-mortar location in Atlanta, Georgia, and plans to add more locations in other states as its business expands.

Shopify to Transfer US Listing to Nasdaq

Starting March 31, Canadian e-commerce platform Shopify (NYSE: SHOP) will transfer its U.S. listing from the New York Stock Exchange to the Nasdaq, according to a filing with the U.S. Securities and Exchange Commission (SEC) on Wednesday. The company's existing listing on the Toronto Stock Exchange will remain as is, according to the filing, and its stock ticker will also stay as SHOP on both exchanges. In this move, Shopify joins other tech companies like Palantir Technologies (NASDAQ: PLTR) and DoorDash (NASDAQ: DASH) in switching to the Nasdaq in recent years. The company did not give a reason for the change in the filing, but a spokesperson told TechCrunch: "We're excited to join the Nasdaq community to be listed among the most innovative tech companies in the world."

Nvidia Unveils New 'AI Personal Supercomputers' at GTC 2025

Nvidia (NASDAQ: NVDA) announced a new line of "personal AI supercomputers" at its GTC 2025 conference on Tuesday. The machines, DGX Spark and DGX Stations, are powered by the company's Grace Blackwell chip platfrom and will allow users to prototype, test, and run AI models in a range of scales. "This is the computer of the age of AI," CEO Jensen Huang said during the presentation. "AI agents will be everywhere. How they run, what enterprises run, and how we run it will be fundamentally different. And so we need a new line of computers. And this is it." DGX Spark, which is available now, can run up to 1,000 trillion operations per second of AI computing, according to Nvidia. The DGX Stations is expected to be released later this year through manufacturing partners including Dell (NYSE: DELL), HP (NYSE: HP) and Lenovo (OTC: LNVGY).

American Airlines Slashes Outlook on Waning Travel Demand

American Airlines (NASDAQ: AAL) said ahead of an industry conference hosted by JPMorgan that it expects to lose between $0.60 to $0.80 per share in the first three months of the year, wider than its previous forecast for a $0.20 to $0.40 loss range. The airline also said its full year revenue would likely be flat compared to its prior estimate for it to increase as much as 5%, "due to the impact of Flight 5342 and softness in the domestic leisure segment, primarily in March," American disclosed in a securities filing, referring to the deadly collision of one of its regional jets and an Army helicopter in Washington, D.C. in January. The updated outlook echoes similar estimates from peers, with Delta Air Lines (NYSE: DAL) cutting its first-quarter estimates on Monday due to impacts from "the recent reduction in consumer and corporate confidence caused by increased marco uncertainty."

Trump to Purchase Tesla in Support of Musk

President Donald Trump announced plans to purchase a Tesla (NASDAQ: TSLA) on Tuesday as a sign of support as CEO Elon Musk's electric vehicle company's shares come under pressure since Musk began working with the Trump Administration. "I'm going to buy a brand new Tesla tomorrow morning as a show of confidence and support for Elon Musk, a truly great American," Trump wrote in a Tuesday post on Truth Social. Trump added that Americans are "illegally and collusively," boycotting Tesla, which he described as one of the best automakers in the world. The Supreme Court ruled in 1982 that the First Amendment protects Americans' right to protest private businesses. Tesla stock experienced its worst day since 2020 on Monday and is down nearly 40% year-to-date.

Tesla Post Longest Losing Streak in its History Since Musk Joined Trump Administration

Tesla (NASDAQ: TSLA) shares have fallen for seven straight weeks since CEO Elon Musk joined the Trump administration -- the electric automaker's shares closed at $270.48 on Friday, finishing more than 10% for the week and at their lowest level since Nov. 5, when they closed at $251.11. The losing streak is the company's largest since it went public 15 years ago, and Wall Street analysts are taking notice. Firms including Bank of America, Goldman Sachs and Baird have each slashed their price targets on Tesla, with the latter adding the company to its "bearish fresh picks," this week. "Musk's involvement with the Trump administration adds uncertainty to the demand-side," Baird analysts wrote in a recent note. Musk heads multiple private ventures alongside the EV company, including his artificial intelligence startup xAI, satellite internet constellation Starlink and aerospace contractor SpaceX.

Trump Says Tariff Pause Had 'Nothing to do the Market'

President Donald Trump said Thursday that his decision to pause tariffs on goods under the United States-Mexico-Canada Agreement (USMCA) until April 2 had "nothing to do with the market," stating that the United States will be "very strong" under his trade policies. "This is very much about companies and countries that have ripped off this country, our country, our beloved United States," the president told reporters in remarks in the Oval Office. "They're not going to be ripping us off any more. So, you know, I think that has an impact on the market." The Dow Jones Industrial Average (NYSE: DIA) and S&P 500 Index (NYSE: SPY) have each fallen about 2% for the week in response to tariff uncertainty, while the tech-heavy Nasdaq Composite (NASDAQ: QQQ) has lost 1.6%.

Apple Launches New M4 Macbook Air

Apple (NASDAQ: AAPL) unveiled new MacBook Air models on Wednesday, updating its bestselling laptop with its latest M4 processor. The 13-inch model starts at $999, while its larger, 15-inch model starts at $1,099 -- users can pay more for storage and memory upgrades. The computer is notably offered at a $100 price cut in the United States, despite expectations for higher costs on electronics under President Donald Trump's tariffs on key trading partners. Beyond laptops, Apple also announced a new high-end Mac Studio desktop designed to run computer graphics, audio or video production or artificial intelligence programs more efficiently. The new computer starts at $1,099, with its more powerful upgrades boosting the cost over $14,000.

Ontario Scraps Starlink $68 Million Contract

Ontario Premier Doug Ford announced the province has canceled its $68.12 million (CA$100 million) contract with Elon Musk's Starlink on Tuesday. "We're ripping up Ontario's contract with Starlink," Ford said during a press conference. "It's done, it's gone. We won't award contracts to people who enable and encourage economic attacks on our province and our country." Ford added that the province is banning all U.S.-based company from government contracts, saying the United States and Canada could have become "the two richest, most successful, safest, most secure two countries on the planet," but President Donald Trump "has chosen chaos instead."

TSMC Commits $100 Billion to Expand U.S. Chip Manufacturing

President Donald Trump announced Monday that Taiwan Semiconductor Manufacturing (NYSE: TSM) will invest $100 billion to boost chip manufacturing in the United States, calling it a "tremendous move by the most powerful company in the world." The funds will go towards the construction of several new manufacturing plants in Arizona, TSMC CEO C.C. Wei told reporters during a press conference. The company initially pledged $12 billion in 2020 to build its first U.S. chip factory in Arizona, and later expanded its investments to include $65 billion towards more facilities in the Southwestern state and has received up to $6.6 billion in grants under the Biden administration's CHIPS Act. TSMC is the largest semiconductor manufacturer in the world and supplies chips for tech giants including Nvidia (NASDAQ: NVDA) and Apple (NASDAQ: AAPL).