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Trump Administration Set To Receive $10 Billion Fee From TikTok U.S. Deal
Trump Administration Set To Receive $10 Billion Fee From TikTok U.S. Deal
The Trump administration is poised to receive roughly $10 billion in payments from investors involved in the recently completed transaction to take control of TikTok’s U.S. operations, delivering an unusual financial windfall tied to the government’s role in keeping the popular social-media platform active in the United States.
ByteDance is the Chinese parent of TikTok. John G Mabanglo/EPA/Shutterstock
The payments are part of the arrangement under which a consortium of admin-aligned investors took control of TikTok’s American business from its...
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May 16, 2026 / Tyler Durden
New Fed Chair Kevin Warsh's Job Is Impossible
New Fed Chair Kevin Warsh's Job Is Impossible
Submitted by QTR's Fringe Finance
Congratulations to Kevin Warsh on officially becoming the next Federal Reserve chair. Unfortunately for him, he may have just accepted the worst job in global finance at the worst possible moment.
Warsh was narrowly confirmed this week in the most partisan Fed chair vote in modern history, inheriting a central bank that has spent years under political attack while gliding straight into a macroeconomic minefield. Inflation just accelerated to a three-year high. Oil is higher amid Middle East tensions....
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Apr 25, 2026 / Tyler Durden
DOJ Re-Adopts Executions By Firing Squad As It Strengthens Federal Death Penalty
DOJ Re-Adopts Executions By Firing Squad As It Strengthens Federal Death Penalty
The Department of Justice on Friday directed the Bureau of Prisons to expand death penalty protocols to include pentobarbital injections and firing squads as part of broader actions to strengthen the federal death penalty, Fox News reports.
"Today, the Department of Justice acted to restore its solemn duty to seek, obtain, and implement lawful capital sentences — clearing the way for the Department to carry out executions once death-sentenced inmates have exhausted their appeals," the DOJ memo obtained by...
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Apr 18, 2026 / Tyler Durden
"Mamdani Mart" Exposes The Inefficiency Of Socialism In One Chart
"Mamdani Mart" Exposes The Inefficiency Of Socialism In One Chart
Andreessen Horowitz's a16z New Media published the most popular charts of the week on financial markets, but the most revealing one came at the end of the note: a comparison suggesting that New York City's first grocery store, which will soon be run by unhinged socialists, will be structurally less efficient than private-sector supermarkets.
But who cares when it's not taxpayer monies?
According to the New York Post, Mayor Zohran Mamdani's proposed city-owned grocery store in East Harlem would require roughly $30...
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