Bloomberg Business

Dick’s Rises After Posting Profit That Outpaces Expectations

Dick’s Sporting Goods Inc. jumped after reporting profit that surpassed Wall Street’s expectations, a sign the athletic retailer is maintaining its momentum despite consumers’ broader pullback from discretionary spending.

TikTok CEO Says Oracle Has Begun Reviewing Its Source Code

ByteDance Ltd.’s TikTok is “on track” with its undertaking to have all US user data hosted and overseen by Oracle Corp., as the Chinese tech behemoth struggles to win over critics worried about the national security implications of its hit video app.

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