Invstr Crunch

The Battle For TikTok

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Today, Charlie discusses Oracle submitting a bid for TikTok, falling retail spending after a speedy recovery, Chevron’s potential new investment and GM’s plans for its electric-vehicle unit.

Topics discussed:

  1. Oracle is now competing with Microsoft to buy US TikTok operations.
  • Retail spending returned to pre-pandemic levels in July, but the end of the Cares Act means the recovery won’t be sustained.
  • Chevron is exploring a new investment in Iraq despite a tough year for oil, and there is speculation that GM’s electric-vehicle unit could split from the rest of the company.

    • Links mentioned in this episode:

    http://www.invstr.com/the-battle-for-tiktok

    http://www.invstr.com/retail-spending-back-but-for-how-long

    • http://invstr.com/18-august-watchlist-2
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