Trump demands feds get a ‘very substantial’ cut of any Microsoft-TikTok sale, doesn’t explain how that’s legal

President Trump signaled Monday that he is okay with Microsoft purchasing the U.S. part of TikTok, the Chinese-owned social media company he has threatened to ban, but it will cost . . . someone. First, he told reporters at the White House that if Microsoft or another U.S. company purchases TikTok by his Sept. 15 […]

[REPORT] CORONAVIRUS AND 5G DEPLOYMENT ROADBLOCKS

This is a preview of the Business Insider Intelligence Coronavirus and 5G Deployment Roadblocks premium research report. Purchase this report here. Business Insider Intelligence offers even more technology coverage with our Connectivity & Tech Briefing. Subscribe today to receive industry-changing connectivity news and analysis to your inbox. The coronavirus pandemic is disrupting billions of lives […]

Money still moves even when worldwide borders are closed. Here’s why the trillion-dollar global payments industry is so vital.

By Stephen Grainger, executive vice president, New Payment Platforms, Mastercard The world of business and commerce has experienced tremendous change over the past five years — from the rise of the digital nomad, international online selling, increased cross-border trade, the sheer scale of migrant working, and the birth of the gig economy. With this change, […]

Warren Buffett’s Berkshire Hathaway can double its Bank of America stake to almost 25%

Warren Buffett’s Berkshire Hathaway has permission to more than double its Bank of America stake to 24.9%, a spokesperson for the Federal Reserve’s Richmond, Virginia outpost told Business Insider this week. The billionaire investor’s company bought about $1.7 billion of the bank’s stock in the last two weeks of July, lifting its ownership to 11.8%. […]

Warren Buffett’s Berkshire Hathaway can double its Bank of America stake to almost 25%

Warren Buffett’s Berkshire Hathaway has permission to more than double its Bank of America stake to 24.9%, a spokesperson for the Federal Reserve’s Richmond, Virginia outpost told Business Insider this week. The billionaire investor’s company bought about $1.7 billion of the bank’s stock in the last two weeks of July, lifting its ownership to 11.8%. […]