TikTok's U.S. ad business roars back as Trump's threats recede

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Accused by the Trump administration of being a front for the Chinese government, TikTok's ad business looked bleak last July. Big brands backed off on spending even as TikTok executives offered refunds to advertisers in the event the hot social media platform were to be banned from operating in the United States. But after it became clear Joe Biden had won November's U.S presidential election, that all changed.

Goldman Sachs is bullish on the economic recovery, and has offered up a list of stocks it thinks you should consider buying. -- Citigroup Inc. unexpectedly lost a legal battle to recover half a billion dollars it sent Revlon Inc. lenders, after the embarrassing blunder forced it to answer to regulators and tighten its internal controls.U.S.

”The judge said New York’s top court adopted a “discharge for value” rule almost 30 years ago, making it clear that banks making wire transfers to creditors should bear the risk of loss in case of a mistake, and fees for such payments have remained low. The “disastrous consequences” predicted in the wake of that decision haven’t happened, Furman said, proving the court’s conclusion that transferring banks are the best parties positioned to avoid errors.

 

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