TikTok Is Testing Whether Users Stick Around With Less Music
TikTok is limiting the number of songs that users can post on its app, an experiment to assess how much they value music in their videos.
Bloomberg Business
Morgan Stanley’s Equities Chief Sees Risk of Profit Letdowns Quickening
The disappointments around Corporate America profits could “accelerate,” with the recent rally in equities potentially becoming a head-fake, according to Morgan Stanley’s Mike Wilson.
Japan CLO Whale Nochu Readies Global Return After UK Selloff
A Japanese agricultural bank is planning to resume its purchases of bundled leveraged loans in the US and Europe, after pausing last year when UK pension funds were dumping their holdings, according to people with knowledge of the matter.
Dutch Army to Merge Land Combat Units With Germany This Year
The Netherlands is getting ready to integrate the rest of its combat brigades into the German Army as the two allies join military forces amid increased security threats in the region after Russia’s invasion of Ukraine.
Worst UK Strikes for a Decade Shut Schools and Stop Trains
Swathes of office staff were forced to work from home Wednesday as widespread industrial action closed schools and crippled Britain’s rail network, while hundreds of members of the armed forces were drafted in to cover for strikes at the border.
Sam Bankman-Fried Barred From Encrypted Messaging Apps, Talking to FTX Employees
Sam Bankman-Fried was temporarily barred from using encrypted messaging applications like Signal and contacting former and current FTX employees.
Chicago Is Seeking Its Own Jamie Dimon After Griffin’s Exit
As Chicago struggles with rising crime and high-profile corporate departures, Mayor Lori Lightfoot has a message for business leaders: It’s time to be a cheerleader for their city.
T-Mobile CEO Says His ‘Toyota’ Broadband Laps Comcast’s ‘Ferrari’
T-Mobile US Inc. and Comcast Corp. are waging an increasingly heated war of words over their dueling broadband services.
Smallest US Firms Are Shedding Workers Fast as Economy Cools
The smallest American businesses are cutting jobs and struggling to meet financial commitments like rent payments, a sign that they’re feeling the squeeze more than most as the economy cools down.
Biden and McCarthy’s ‘First Date’ to Set Tone for Upcoming Debt Ceiling Battle
President Joe Biden and House Speaker Kevin McCarthy will finally size each other up, after weeks of trading public barbs over spending cuts and deficits while the US debt limit hangs in the balance.
