Financial News with AI Impact Scores

TikTok Strikes Deal To Form New Joint Venture With Oracle, Silver Lake As ByteDance Loosens Grip To Avoid US Ban: Report

TikTok has signed a binding agreement to form a new U.S.-based joint venture with investors including Oracle Corp. and Silver Lake, expected to close on January 22. In this structure, 50% of the new entity will be owned by the investors, with Oracle, Silver Lake, and MGX each holding 15% stakes, while ByteDance retains a 19.9% interest. The new venture will prioritize U.S. data governance and content moderation, addressing regulatory concerns that threatened to ban TikTok in the U.S.

Social Media Discussion: $WEED

Bullish sentiment around potential easing of marijuana regulations following Trump's upcoming address, with some users expressing frustration over current losses in the cannabis sector.

CODI stock has given up its prior loss. Compass Diversified Holdings shares were trading lower following worse-than-expected Q1 financial results.

FedEx Executive Says Lowered FedEx Freight Expectations; Continued Headwinds Due To The Grounding Of The MD11 Aircraft Fleet

FedEx has lowered its expectations for FedEx Freight due to ongoing challenges stemming from the grounding of its MD11 aircraft fleet. The company discussed these issues during a recent conference call, indicating that operational headwinds are impacting performance. The stock ticker for FedEx is FDX.

FedEx Executive Says Expects Consolidated Revenue Growth Of 5%-6% Supported By Sustained U.S. Domestic Yield And Volume Growth; Anticipated Second Half International Export ADV To Remain Pressured Due To The Global Trade Environment; At FEC Now Expects ~7% Revenue Growth YoY

FedEx executives project consolidated revenue growth of 5%-6%, driven by sustained domestic yield and volume growth in the U.S. However, they anticipate that international export average daily volume will remain pressured in the second half due to the global trade environment. Additionally, FedEx expects approximately 7% year-over-year revenue growth for its FedEx Express segment.

FedEx Executive Says Nearly 50% Of Q2 Revenue Growth Came From B2B Customers; Newly Created Data Center Sales Vertical Will Further Drive Growth

FedEx reported that nearly 50% of its Q2 revenue growth was attributed to B2B customers. The company has established a new Data Center Sales vertical, which is expected to further enhance its growth prospects. This strategic move aims to capitalize on increasing demand in the data center market.