TikTok CEO got grilled by lawmakers from both parties on whether the Chinese-owned app can protect American privacy

TikTok Chief Executive Shou Zi Chew reacts during a session for him to testify before a House Energy and Commerce Committee hearing entitled “TikTok: How Congress can Safeguard American Data Privacy and Protect Children from Online Harms,” ​​as lawmakers scrutinize the Chinese-owned video- sharing app, on Capitol Hill in Washington, March 23, 2023. Evelyn Hockstein … Read more

TikTok CEO says China-based ByteDance employees still have access to some US data

TikTok CEO Shou Zi Chew arrives to testify before the House Energy and Commerce Committee hearing on “TikTok: Jim Watson | AFP | Getty Images TikTok CEO Shou Zi Chew told US lawmakers that China-based employees at its parent company ByteDance may still have access to some US data from the app but added that … Read more

Yellen says Treasury is ready to take ‘additional actions if warranted’ to stabilize banks

US Treasury Secretary Janet Yellen testifies before a Senate Finance Committee hearing on Capitol Hill in Washington, March 16, 2023. Mary F. Calvert | Reuters WASHINGTON — Treasury Secretary Janet Yellen said Thursday that the federal emergency actions to back up Silicon Valley Bank and Signature Bank customers could be deployed again in the future … Read more

TikTok CEO appeals to US users ahead of House testimony

TikTok CEO Shou Zi Chew appealed directly to the app’s users ahead of what’s expected to be a heated grilling in the US House Energy and Commerce Committee this week, in a videos posted to the platform Tuesday. Filming from Washington, DC, Chew emphasized the large scale of TikTok users, small and medium-sized businesses and … Read more

How a TikTok ban in the US might work

The TikTok logo is displayed outside TikTok social media app company offices in Culver City, California, on March 16, 2023. Patrick T. Fallon | AFP | Getty Images TikTok is at risk of being banned in the US if Chinese parent ByteDance won’t sell its stake. Millions of Americans who use the popular video app … Read more

China would be among first paid under GOP debt limit plan, Treasury Secretary Yellen says

US Treasury Secretary Janet Yellen sits to testify before a Senate Finance Committee hearing on US President Joe Biden’s proposed budget request for fiscal year 2024, on Capitol Hill in Washington, US, March 16, 2023. Mary F. Calvert | Reuters WASHINGTON — Treasury Secretary Janet Yellen said Thursday that China would be among the first … Read more

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