TikTok divest-or-ban requirement is nearly law
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 24 April 2024
⏱️ 1 minutes
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Summary
Congress passed the measure, and Biden has vowed to sign it; Tesla profit falls in Q1; Boeing reports $355 million quarterly loss; Norfolk Southern report meager profit after train derailment settlement; Visa revenues beat forecasts as consumers spent; Labor Department increases overtime eligibility.
Transcript
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| 0:00.0 | Congress tells Tiktok's parent company, |
| 0:03.0 | Bight Dance, divest or be banned. |
| 0:06.0 | I'm Nova Safo with a Marketplace Minute. |
| 0:08.0 | Lawmakers included the measure in a foreign aid package that just cleared both chambers, the principal focus of which |
| 0:15.1 | is to send more assistance to Ukraine, Israel, and other countries. |
| 0:19.0 | President Biden has said he will sign the bills into law. |
| 0:22.0 | In corporate earnings, Tesla reported a dismal quarter. Profit was down by more than half. Boeing reported a 350 million dollar loss. Norfolk Southern barely made a profit after reaching a $600 million settlement over a toxic train derailment in Ohio. |
| 0:37.0 | Visa's revenues beat forecasts nearly $9 billion, consumers spent more on their credit cards. The Labor Department is expanding |
| 0:46.5 | the number of salaried workers eligible for overtime. Most hourly workers already get overtime |
| 0:52.1 | pay. Eligibility for salaried employees has been limited to those making |
| 0:56.0 | about $36,000 or less in July that will increase to 44,000. |
| 1:01.4 | I'm Nova Safafa with the marketplace |
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