Twitter and Microsoft Compete to Bid for TikTok’s Shares

[Investment News Web]( [TODAY'S DEAL: Honestly, you should get this book](mailto:editor@investmentnewsweb.com?subject=Give+me+my+top+stocks+for+2020&body=Give+me+my+top+stocks+for+2020) Todays Top News [Twitter and Microsoft Compete to Bid for TikTok’s Shares] Twitter and Microsoft Compete to Bid for TikTok’s Shares Social media platform Twitter, and software icon Microsoft have confronted TikTok’s owner ByteDance in an endeavor to purchase its operations. TikTok’s decision to sell its shares happened following a series of the heated debate revolving around TikTok in previous weeks, with Trump ordering companies to halt engaging in business with TikTok over security concerns. Despite that, it is debatable on whether Twitter can be a frontrunner in a bid to purchase TikTok from the Chinese owners within the 45 days window with the likes of Microsoft expressing interest as well. TikTok’s U.S. operations place its values at over $10 billion. On the whole, Twitters gross market capital is believed to be about $29 billion in contrast to Microsoft’s capital grossing more than $1.6 trillion. In your opinion, which company will end up owning TikTok? Investing [International Summit Collects $300m to Help the Lebanese] International Summit Collects $300m to Help the Lebanese Following an explosion in Beirut, a legion of nations have donated roughly $300 million through international support intending to aid Lebanon. Additionally, the French president, Emmanuel Macron, highlighted the importance of offering aid to cater to people’s needs in food security, healthcare, education and housing with the $298 million raised so far. The funds are composed of $74 million raised by the European Union, $59 million by France, $50 million by Qatar, $41 million by Kuwait, $26 million by Denmark, $20million by Germany, $17 million by the United States, $5.9 million by Cyprus, as well as $5 million by Canadians. Nevertheless, the funds will be kept by the U.N. instead of the Lebanese government, influenced by requests from the public over fears of the funds being lost due to corruption. As noted by Macron, Beirut collected over $1.5 billion a year to support the Lebanese energy sector. Despite the efforts from the international aid, how likely is it for the Lebanese government to solve the problems in the aftermath of the crisis to ensure the country does not crumble? Don't Miss This [Aramco Sees Profit Plummet During the Pandemic] Aramco Sees Profit Plummet During the Pandemic Saudi owned oil company, Aramco has seen its profit fall by roughly 73% due to destabilization in energy demand and prices. The decline first occurred in the middle of the year caused by the coronavirus, resulting in limitation to travel which caused a reduction in oil consumption that damaged the sales of the largest oil exporter in the globe. Aramco, having witnessed a $29.4 billion flotation before the previous year, said the pandemic has resulted in a decrease in demand for natural gas, crude oil and petroleum products. In light of this, Aramco felt the loss of 73.4% in net profit with it reducing from 92.6 billion Riyals in profit to 24.6 billion Riyals. On the positive note, Aramco shares increased up to 0.4% in the trade, consequently resulting it to be world’s most valuable public trade company, only second to Apple. Will the demand for oil increase when countries halt the lockdown restrictions? [Stock Future Uncertain Amid Orders Prolonging Coronavirus Relief] Stock Future Uncertain Amid Orders Prolonging Coronavirus Relief The U.S. stock exchange future remains unknown when Donald Trump asked for an extension of coronavirus relief when he signed some executive orders. Overall, Dow Jones futures increased to 76 points from 66 points during market open, with S&P 500 futures revealing the potential gains whereas Nasdaq 100 futures reported lower gains. The decision by Trump results from failures of congress leaders to make progress toward a new coronavirus stimulus package the week before. Before the current policy, several benefits about the package signed at the beginning of the year ended at the end of July, hence causing uncertainty on the restructuring of the U.S. economy. Moreover, fiscal support has seen a downward trend during the month of August. Will the round of fiscal support expected in September create a positive momentum? [Gold Price Expected to Increase to $4000 Per Ounce in Three Years] Gold Price Expected to Increase to $4000 Per Ounce in Three Years In three years’ time, the price of gold is expected to increase to $4000 an ounce. However, development of the coronavirus vaccine as well as the November elections could alter the fortunes of the sought-after mineral. Furthermore, gold prices have seen a surge in increase to $2000 per ounce for the first time since September 2011. With a loss in monetary policy, this will result in investors in purchasing gold as an asset. Consequentially, when real yields diminish, gold prices will tend to rise, and vice versa hence causing investors to hold gold as a means to yield assets. In your opinion, do you think that U.S. elections could significantly disrupt the prices of gold by a large margin? [Vote Now] PS. How useful did you find today’s update? 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