How much is TikTok worth and who could buy it?
NEW YORK (AP) — The supremely popular TikTok could be banned on Jan. 19 under a federal law that forces the video sharing platform to divest itself from its China-based parent company, ByteDance, or shut down its U.S. operations.
Average rate on 30-year mortgage hits 7%, its fifth straight increase and highest level since May
By ALEX VEIGA
The average rate on a 30-year mortgage in the U.S. ticked up this week to slightly above 7%, the highest level in eight months.
Trump adviser says president-elect is exploring options to “preserve” TikTok
Trump’s pick for national security adviser, Florida Rep. Mike Waltz, said in an interview on Wednesday that the president-elect is exploring options to “preserve” TikTok.
US government sues Southwest Airlines and fines Frontier for chronically delayed flights
By The Associated Press
The Transportation Department is stepping up enforcement of persistent flight delays with a lawsuit against Southwest Airlines and a fine against Frontier Airlines.
The agency said the U.S. District Court lawsuit it filed in California on Wednesday alleges that Southwest illegally operated chronically delayed flights and disrupted passengers’ travel plans. It says it’s seeking “maximum civil penalties.”
“Airlines have a legal obligation to ensure that their flight schedules provide travelers with realistic departure and arrival times,” Transportation Secretary Pete Buttigieg said in a statement. “Today’s action sends a message to all airlines that the Department is prepared to go to court in order to enforce passenger protections.”
The Transportation Department said its investigation found that Dallas-based Southwest operated two chronically delayed flights – one between Chicago Midway International Airport and Oakland, California, and another between Baltimore, Maryland and Cleveland, Ohio.
What Trump plans for the economy in his first 100 days
By Anna Helhoski, NerdWallet
After the fanfare of President Donald Trump’s swearing-in ends, he’ll get to work on enacting his agenda, including several economic priorities like tariffs and tax cuts.
As Trump did in his first term, he is likely to rely on executive orders to enact some promises like his tariff plans. Strictly legislative plans, including tax cuts, will need to go through Congress, where Republicans hold a thin majority in both houses. And if the most recent government shutdown drama is any indicator, the GOP may not be in sync with each other, let alone with Trump.
Here’s what’s on Trump’s list to address the economy in his first 100 days.
Taxes, border security and energy in ‘one big, beautiful bill’
On Jan. 5, Trump wrote on Truth Social that GOP members of Congress are creating one large piece of legislation to enact some of his biggest campaign promises. “One big, beautiful bill” — as Trump called it during an interview with conservative radio host Hugh Hewitt — would include several of his proposed measures related to border security, taxes and energy. Trump also told Hewitt that he’d be open to two bills.