Oracle's stock jumped after the cloud provider joined a group of investors slated to lead TikTok's U.S. operations. The deal prevents a shutdown of the app in the U.S. over national security concerns.
Kevin Green tells investors to prepare for a day of heavy options volume with "triple witching" ahead of the holiday week. The rebalancing event is expected to create big, outsized moves.
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TikTok has agreed to form a joint venture with US and Gulf investors in a bid to resolve longstanding national security concerns and avoid a ban in the United States, five years after then-president Donald Trump first threatened to block the video-sharing app. Under the terms of the deal, TikTok's Chinese parent ByteDance will retain a minority stake, while operational control of the platform's US data protection, algorithm oversight and content moderation will be transferred to the newly formed venture.
For a reading of Wall Street's shifting mood on the artificial intelligence investment boom, take a look at the daily fluctuations of Oracle stock, analysts say.
TikTok said Thursday it has signed a joint venture deal with investors that would allow the company to maintain operations in the United States and avoid a ban threat over its Chinese ownership.
TikTok has reached a deal to cede a substantial portion of its U.S. operation to a group of American investors, thus ending a years-long tussle in which the federal government has sought to force the platform to do just that.
TikTok's Chinese owner has signed a deal to sell the company's US arm to American investors – ensuring the video platform can continue operating in the United States.
A memo from TikTok's top executive reportedly says that the social-media phenomenon inked deals to create a U.S. joint venture, with Oracle's cloud business as its backbone.
TikTok signs deal to sell U.S. operations to American investors including Oracle and Silver Lake, ending years-long battle over ByteDance ownership.
CNBC's Julia Boorstin joins 'Fast Money' with breaking news on a TikTok sale.
In mid-December 2025, the stock market experienced a significant psychological shift. High-flying semiconductor stocks, which had led the market for months, faced heavy selling pressure following earnings reports from major tech players like Oracle NYSE: ORCL and Broadcom NASDAQ: AVGO.