Chinese Stocks Advance on Growing Optimism Over Tech Earnings
Chinese shares rose before earnings announcements by key tech firms, with sentiment also boosted by a positive report on Contemporary Amperex Technology Co.'s offering.
The Hang Seng China Enterprises Index climbed as much as 2.3%, recouping losses from the previous session. Tencent Holdings Ltd., Xiaomi Corp. and Alibaba Group Holding Ltd. were the biggest contributors to the gauge's gains. The onshore benchmark CSI 300 Index rose as much as 1.7%.
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Yahoo
an hour ago
- Yahoo
Trump considers extending TikTok deadline. Is third time a charm?
Will the third time be the charm for TikTok's future? With another extension deadline in two weeks, the social media platform's future lies in the hands of President Donald Trump. In January, TikTok went dark for 12 hours in the United States when China-based ByteDance failed to divest the app's U.S. assets, as required by law. Since coming into office on Jan. 20, Trump issued two executive orders to extend the ban's deadline, hoping to acquire the short-form video app used by 170 million Americans. But so far, a deal has yet to be struck. The next deadline is June 19. A plan had been in the works that would spin off TikTok's American operation into a new firm owned and operated by U.S. investors, but was put on hold, according to Reuters, after China would not approve it following Trump's announcements of steep tariffs on its goods. During an NBC News interview in May, Trump said he would extend the deadline a third time if a deal isn't made by the June 19 deadline. 'I'd like to see it done,' Trump said during the interview. The president added that he has a 'little sweet spot' in his heart for TikTok, which he claims helped him win votes during the 2024 presidential election. 'It'll be protected. It'll be very strongly protected. But if it needs an extension, I would be willing to give it an extension.' The White House declined to comment about a potential TikTok sale. It is unclear. If ByteDance does not divest TikTok by Thursday, June 19, the platform could be banned in the United States again. However, Trump has said that if the sale isn't finalized in time, he will extend the deadline again. This, too, is unclear. Under federal legislation that put the TikTok ban in place, the president can implement a 90-day extension on the deadline to sell. But Trump didn't take this route in January or April. Instead, he signed executive orders delaying the ban by 75 days. If Trump wishes to sign another executive order ahead of the June 19 deadline, he can. While it's within Trump's discretion to sign executive orders to delay the ban, there may be a time when Congress sees it fit to pass a law ordering a firm deadline, John Acevedo, Emory University School of Law professor, told Spectrum News in April. But just because the executive orders are within Trump's authority doesn't mean everyone is happy with his decisions. 'The deadline for Trump to follow the law passed 135 days ago. It is shocking that a bipartisan-backed law, signed by the former president and upheld by the Supreme Court, is being treated like a mere suggestion by the White House,' said Stephen Kent, Consumer Choice Center media director, in a news release. Former President Joe Biden signed federal legislation in 2024 that gave ByteDance until Jan. 19, 2025 to divest TikTok or face a ban in the U.S. Some politicians see TikTok as a national security threat, expressing concern that ByteDance may be sharing U.S. user data with the Chinese government. ByteDance has denied these claims, which remain unsubstantiated. However, ByteDance did not divest in time. In January, TikTok went dark for a little more than 12 hours in the U.S. after the app was effectively banned. U.S. internet hosting services made TikTok unavailable to access, and app stores removed the app for download. During the short-lived shutdown, Trump promised internet hosting services and app stores that they could restore TikTok and not face legal penalties. Under the federal legislation, companies could be fined $5,000 per user they help access TikTok. For companies like Google and Apple, this could mean a $5,000 fine for each user who downloads or updates TikTok. Internet hosting services like Oracle didn't waste time rebooting the app, but it wasn't until Feb. 13 that TikTok became available again in the Apple App Store and Google Play Store. Greta Cross is a national trending reporter at USA TODAY. Story idea? Email her at gcross@ This article originally appeared on USA TODAY: Trump to decide Tiktok's fate no later than June 19
Yahoo
an hour ago
- Yahoo
Is TikTok getting banned? Trump says he'll 'probably' extend deadline again
President Donald Trump said on Tuesday that he will "probably" extend the TikTok ban deadline yet again before its expiration on Thursday, June 19. "We probably have to get China approval. I think we'll get it," Trump told reporters aboard Air Force One on Tuesday, June 17. "I think (Chinese) President Xi will ultimately approve it." TikTok, a short-form video app, went dark for about 12 hours in January when China-based ByteDance failed to divest the app's U.S. assets, as required by federal law. Since coming into office on Jan. 20, Trump has issued two executive orders to extend the ban's deadline. But so far, a deal has yet to be struck, and the next deadline is Thursday, June 19. When asked by reporters if he has the legal basis to extend the deadline again, Trump said, "Yes, I do." If ByteDance does not divest TikTok by Thursday, June 19, the platform could be banned in the U.S. again. However, Trump has repeatedly signaled he would extend the deadline if the sale isn't finalized in time. Under federal legislation that put the TikTok ban in place, the president can implement a 90-day extension on the deadline to sell. But Trump didn't take this route in January or April. Instead, he signed executive orders delaying the ban by 75 days. If Trump wishes to sign another executive order ahead of the June 19 deadline, he can. Former President Joe Biden signed federal legislation in 2024 that gave ByteDance until Jan. 19, 2025 to divest TikTok or face a ban in the U.S. Some politicians see TikTok as a national security threat, expressing concern that ByteDance may be sharing U.S. user data with the Chinese government. ByteDance has denied these claims, which remain unsubstantiated. However, ByteDance did not divest in time. In January, TikTok went dark for a little more than 12 hours in the U.S. after the app was effectively banned. U.S. internet hosting services made TikTok unavailable to access, and app stores removed the app for download. During the short-lived shutdown, Trump promised internet hosting services and app stores that they could restore TikTok and not face legal penalties. Under the federal legislation, companies could be fined $5,000 per user they help access TikTok. For companies like Google and Apple, this could mean a $5,000 fine for each user who downloads or updates TikTok. It wasn't until Feb. 13 that TikTok became available again in the Apple App Store and Google Play Store. This story will be updated. Greta Cross is a national trending reporter at USA TODAY. Story idea? Email her at gcross@ This article originally appeared on USA TODAY: TikTok ban: Trump says he'll 'probably' extend deadline again
Entrepreneur
an hour ago
- Entrepreneur
The Tech Whisperer: Rajiv Makhni
Rajiv's mission has always been to break that wall. For him, tech isn't just for the early adopters, it's for your parents, your neighbor, your non-geek friend who still doesn't get Bluetooth. His aim is to make technology less intimidating and more empowering. Opinions expressed by Entrepreneur contributors are their own. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. In an age where tech updates drop faster than your smartphone battery, Rajiv Makhni has managed to do what few in the tech world can—make sense of the chaos. With a wry smile, a sharp mind, and an instinct for distilling Silicon Valley complexity into living-room clarity, Makhni has become India's most trusted voice on all things digital. He's not just talking RAM and refresh rates; he's translating technology into a language everyone understands. Once known as the host of NDTV's Gadget Guru, Rajiv Makhni now wears many hats: influencer, educator, and perhaps most importantly—problem-solver. But his rise to tech stardom wasn't driven by flash or algorithm-chasing. It was curiosity; old-school, screwdriver-in-the-back-of-a-remote-control-car curiosity, that sparked this journey. "I must have been three," he recalls, "when my father came back from Singapore with a state-of-the-art remote control car. I didn't want to play with it—I wanted to open it up and see how it worked." That instinct never dulled. Today, instead of toy cars, Makhni's pulling apart smartphones, laptops, smartwatches, and streaming platforms, not with tools, but with insight. His superpower? Making tech human. Unlike most gadget reviewers who drown in jargon, Rajiv's mantra is to simplify gadgets. And he means it. Whether he's on television, YouTube or Instagram, Rajiv doesn't worship at the altar of specs. Instead, he asks the only question that matters to most people: How will this gadget make my life easier? And millions are listening. Across platforms, Makhni has morphed into a digital-first tech mentor for India's mainstream users. His tone—part big brother, part neighborhood geek—is what keeps the audience connected. Don't know your OLED from your LCD? He's got you. Not sure if the latest phone's camera bump is worth the price? He's tested it. Think your phone is slower than a snail on a coffee break? He's probably posted a fix for that last Tuesday. Rajiv's skill lies in more than just simplifying, it's solving. Whether it's app crashes, Wi-Fi dropouts, or the eternal question of which smartphone to buy under INR 30,000, Makhni has an answer. His content doesn't preach, it helps. No condescension. No tech elitism. Just solutions. It's no wonder his tagline—"Be Aware, Not Influenced" holds weight till this day. But Rajiv's journey wasn't without friction. Breaking into tech media when the concept barely existed in Indian television wasn't exactly a plug-and-play operation. He had to keep pace with a rapidly shifting industry, all while convincing audiences that tech wasn't just for geeks; it was for everyone. That meant translating bleeding-edge innovation into daily utility without sounding like a user manual. It worked. His NDTV shows became go-to viewing for anyone contemplating a new purchase—or just trying to figure out what half their phone's settings did. And just when traditional media began to sag under the weight of YouTube and Instagram, Rajiv pivoted. Today, he's thriving in the streaming space, leading a tech show on Amazon that bridges the generational divide between first-time users and hardcore gadgeteers. Still, the soul of Rajiv's work hasn't changed: it's education disguised as entertainment. He brings in industry experts, showcases breakthrough innovations, and nudges audiences to not just consume technology, but to understand it. In a digital world that increasingly overwhelms, Rajiv gives people the tools to navigate, question, and choose with confidence. He's also conscious of the perception that tech content is often a walled garden. Rajiv's mission has always been to break that wall. For him, tech isn't just for the early adopters, it's for your parents, your neighbor, your non-geek friend who still doesn't get Bluetooth. His aim is to make technology less intimidating and more empowering. If influence is about impact, Rajiv Makhni has had plenty. He's not just keeping up with the times—he's making sure the rest of us don't fall behind.
