India is ramping up spending on its aviation industry by billions of dollars, but its outbound travel market is unlikely to overtake China's anytime soon.
Shou Zi Chew's testimony did not seem to quell many concerns that lawmakers had about its connections to China or the adequacy of its risk mitigation plan.
TikTok CEO Shou Zi Chew told U.S. lawmakers that China-based employees at its parent company ByteDance may still have access to some U.S. data from the app.
Emergency federal actions to back up customers of Silicon Valley Bank and Signature Bank could be used again if necessary, Treasury Secretary Janet Yellen said.
Treasury Secretary Janet Yellen has not discussed or considered any plans to guarantee all bank deposits following the Silicon Valley Bank collapse, she said.
The predictions of new record highs mark a more optimistic outlook than in January when industry executives told CNBC they expected 2023 to be a year of caution.
TikTok CEO Shou Zi Chew will testify before the House Energy and Commerce Committee this morning, as his company fights to stave off a potential ban in the U.S.