• NBC partners with Snapchat on four daily shows for 2020 Tokyo Olympics
    TechCrunch

    NBC partners with Snapchat on four daily shows for 2020 Tokyo Olympics

    Snapchat and NBC Olympics are again teaming up to produce customized Olympics content for users in the U.S. -- this time, for the 2020 Tokyo Olympics this summer. The companies had previously worked together during the Rio 2016 and PyeongChang 2018 Olympics. The PyeongChang Olympic Winter Games in 2018 reached over 40 million U.S. users, up 25% from the 2016 Rio Olympics.

  • AUD/USD Price Forecast – Australian Dollar Rallies After Surprise Employment Figure
    FX Empire

    AUD/USD Price Forecast – Australian Dollar Rallies After Surprise Employment Figure

    The Australian dollar rallied quite significantly during the trading session on Thursday, reaching towards the 200 day EMA as the jobs numbers came out much stronger than anticipated.

  • Can The Uptrend Continue for Momenta Pharmaceuticals?
    Zacks

    Can The Uptrend Continue for Momenta Pharmaceuticals?

    As of late, it has definitely been a great time to be an investor Momenta Pharmaceuticals

  • AMD to Report Q4 Earnings: What's in the Cards for the Stock?
    Zacks

    AMD to Report Q4 Earnings: What's in the Cards for the Stock?

    AMD's fourth-quarter results are likely to reflect deal wins on strength in EPYC server processors and uptick in holiday sales amid increasing expenditure on product development.

  • Axsome (AXSM) Completes Patient Randomization in TRD Study
    Zacks

    Axsome (AXSM) Completes Patient Randomization in TRD Study

    Axsome (AXSM) closes patient randomization in the late-stage study of AXS-05 for addressing patients with treatment resistant depression.

  • Sea Limited (SE) Looks Good: Stock Adds 7.4% in Session
    Zacks

    Sea Limited (SE) Looks Good: Stock Adds 7.4% in Session

    Sea Limited (SE) saw a big move last session, as its shares jumped more than 7% on the day, amid huge volumes.

  • AUD/USD and NZD/USD Fundamental Daily Forecast – RBA Rate Cut Off Table; Coronavirus Impact New Wildcard
    FX Empire

    AUD/USD and NZD/USD Fundamental Daily Forecast – RBA Rate Cut Off Table; Coronavirus Impact New Wildcard

    The employment report is good news for Australian Dollar bulls and discouraging news for short-sellers betting on a February rate cut. Now they have to reset the clock to April or May so selling the AUD/USD on rallies may not be sound advice unless the coronavirus scare spooks investors into dumping the currency because of Australia’s ties to China’s economy.

  • GBP/USD – Pound Rebounds, Punches Above 1.31
    FX Empire

    GBP/USD – Pound Rebounds, Punches Above 1.31

    The British pound has flexed some muscle, as GBP/USD has climbed above the 1.31 line for the first time in two weeks. Will the upward move continue?

  • The Aussie Dollar Makes a Move as the Focus Shifts to the ECB and the EUR
    FX Empire

    The Aussie Dollar Makes a Move as the Focus Shifts to the ECB and the EUR

    Employment figures give the Aussie a boost as the focus shifts to the ECB. Will Lagarde follow the BoC with a dovish outlook to sink the EUR?

  • Advanced Micro Devices (AMD) Outpaces Stock Market Gains: What You Should Know
    Zacks

    Advanced Micro Devices (AMD) Outpaces Stock Market Gains: What You Should Know

    Advanced Micro Devices (AMD) closed at $51.43 in the latest trading session, marking a +0.74% move from the prior day.

  • ByteDance Is Seeking a New CEO for Its TikTok Business
    Bloomberg

    ByteDance Is Seeking a New CEO for Its TikTok Business

    (Bloomberg) -- Chinese internet giant ByteDance Inc. is seeking a new chief executive officer for its TikTok business, a hugely popular video app that American politicians have targeted as a potential security threat.The company has interviewed candidates in recent months for the CEO role, which would be based in the U.S., according to people familiar with the matter, who asked not to be named because the search is private. In one potential scenario, the new CEO would oversee TikTok’s non-technical functions, including advertising and operations, while current TikTok chief Alex Zhu would continue to manage the majority of product and engineering out of China, one person said. The hiring process is ongoing and the envisioned role could still change depending on who is selected, the people added.Zhu, who co-founded a predecessor to TikTok called Musical.ly, took over the business last year, though ByteDance also has a Chinese version of TikTok called Douyin, which is run by a different management team. The eventual corporate structure involving Zhu and the new CEO is still unclear, the people said, and Bytedance has hired executive search firm Heidrick & Struggles to help lead the process.A spokesman for TikTok declined to comment. Heidrick & Struggles didn’t respond to a request for comment.The new hire won’t affect the role of Vanessa Pappas, who currently oversees TikTok’s U.S. operations from Los Angeles, one person said. In a blog post Wednesday, Pappas wrote that TikTok has opened a new Culver City office with plans to “scale our local operations,” and now has more than 400 U.S. employees.“While we are a global company, having a permanent office in LA speaks to our commitment to the U.S. market and deepens our bonds with the city, and the talent and companies, that call it home,” she wrote.Beijing-based ByteDance, led by CEO Yiming Zhang, has built TikTok and Douyin into some of the world’s most popular apps with more than a billion users between them who share short video clips of things like lip-syncing and dance videos. That has made ByteDance the most valuable tech startup in the world, challenging the dominance of U.S. companies like Facebook Inc. and Snap Inc.The app is growing fast and drawing a lot of attention from advertisers and competitors. Snap CEO Evan Spiegel said over the weekend he thought TikTok alone could grow to be larger than Instagram, which has more than 1 billion active users and has been the go-to social media destination for young people in the U.S.With rising tensions between China and the U.S., however, American politicians have warned the app represents a national-security threat. The Committee on Foreign Investment in the U.S., better known as CFIUS, has begun a review of ByteDance’s 2017 purchase of the business that became TikTok, Bloomberg News reported in November.ByteDance is weighing a range of options to address those concerns, from an aggressive legal defense to the sale of a stake in TikTok, Bloomberg News reported in December. A representative for the company said at the time there have been no discussions about any partial or full sale of TikTok.“I remain deeply concerned that any platform or application that has Chinese ownership or direct links to China, such as TikTok, can be used as a tool by the Chinese Communist Party to extend its authoritarian censorship of information outside China’s borders and amass data on millions of unsuspecting users,” U.S. Senator Marco Rubio, a Republican from Florida, wrote in a letter to the Treasury Department, which chairs CFIUS.The hiring of a new U.S. CEO may be aimed at resolving those security concerns, the people said. It’s possible ByteDance is searching for a candidate who could help address questions in Washington or for someone with the skills to lead an independent business if it faces pressure to separate TikTok from the Chinese parent. It’s unclear how much autonomy this new CEO would have. A number of successful tech companies are led by CEOs who also have influence over product direction, including Facebook, Snap and Twitter.ByteDance would prefer to maintain full control of the business if possible, given its soaring popularity and profit potential, Bloomberg News reported earlier. It may argue that TikTok presents no security threat or that the U.S. has no legal standing over the business.TikTok has said it strives to create a safe and positive online environment. “We are not influenced by any foreign government, including the Chinese government; TikTok does not operate in China, nor do we have any intention of doing so in the future,” the company said in October.(Updates with detail on search company in the third paragraph.)\--With assistance from Zheping Huang.To contact the reporters on this story: Kurt Wagner in San Francisco at kwagner71@bloomberg.net;Sarah Frier in San Francisco at sfrier1@bloomberg.netTo contact the editors responsible for this story: Peter Elstrom at pelstrom@bloomberg.net, Jillian Ward, Andrew PollackFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Cirrus Logic (CRUS) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
    Zacks

    Cirrus Logic (CRUS) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

    Cirrus Logic (CRUS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Is Epizyme (EPZM) Outperforming Other Medical Stocks This Year?
    Zacks

    Is Epizyme (EPZM) Outperforming Other Medical Stocks This Year?

    Is (EPZM) Outperforming Other Medical Stocks This Year?

  • AUD/USD Price Forecast – Australian Dollar Rebounds
    FX Empire

    AUD/USD Price Forecast – Australian Dollar Rebounds

    The Australian dollar fell to test the previous downtrend line but bounced significantly from there to show signs of resiliency. The hammer that is trying to form is a good sign, and quite frankly it looks as if the Aussie is trying to save itself.

  • Evoke Pharma's NDA Resubmission for Gimoti Gets FDA Acceptance
    Zacks

    Evoke Pharma's NDA Resubmission for Gimoti Gets FDA Acceptance

    The FDA receives Evoke Pharma's (EVOK) refiling of new drug application for its pipeline candidate Gimoti, which is being developed to treat diabetic gastroparesis.

  • AMD's 'NVIDIA Killer' High-End GPU Rumored for 2020 Launch
    Zacks

    AMD's 'NVIDIA Killer' High-End GPU Rumored for 2020 Launch

    AMD aims to capitalize on the high-end graphics card market with the upcoming new GPU, rumored for launch in 2020.

  • Biotech Stock Roundup: Updates From HZNP & CLVS, BioNTech to Acquire Neon
    Zacks

    Biotech Stock Roundup: Updates From HZNP & CLVS, BioNTech to Acquire Neon

    A low-key week for the biotech sector with a few pipeline and regulatory updates.

  • Synaptics (SYNA) Soars to 52-Week High, Time to Cash Out?
    Zacks

    Synaptics (SYNA) Soars to 52-Week High, Time to Cash Out?

    Synaptics (SYNA) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

  • Is the Options Market Predicting a Spike in Epizyme (EPZM) Stock?
    Zacks

    Is the Options Market Predicting a Spike in Epizyme (EPZM) Stock?

    Investors need to pay close attention to Epizyme (EPZM) stock based on the movements in the options market lately.

  • Top Ranked Growth Stocks to Buy for January 22nd
    Zacks

    Top Ranked Growth Stocks to Buy for January 22nd

    Top Ranked Growth Stocks to Buy for January 22nd

  • Will GSX Techedu Continue to Surge Higher?
    Zacks

    Will GSX Techedu Continue to Surge Higher?

    As of late, it has definitely been a great time to be an investor in GSX Techedu.