WASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin said after separate meetings with Democratic and Republican congressional leaders on Monday that the two sides were getting “a little bit” closer to agreeing on a larger package of coronavirus economic aid.
“We’re open to a bigger package if we can reach an agreement,” Mnuchin told reporters.
But White House Chief of Staff Mark Meadows, asked if Republicans would need to go above $1 trillion for a deal, told reporters “we’re so far apart right now that’s not even a valid question.”
Last week, mobile games analytics provider Sensor Tower released a report examining mobile trends in the second quarter of 2020, and the numbers outline a dramatic rise in smartphone and tablet app downloads. Overall, worldwide app downloads grew 31.7% over last year, totalling nearly 40 billion downloads for the quarter.
On the gaming side of things, it was hyper-casual title Save the Girl that led the way during the quarter, with Roblox, Go Knots 3D, Coin Master, and Fishdom rounding out the top five in terms of number of downloads. Save the Girl topped the category to the tune of nearly 11 million downloads.
“Save the Girl is a hyper-casual game where players need to rescue a character by solving increasingly challenging environment-based puzzles,” Randy Nelson, head of mobile insights at Sensor Tower, told GameDaily. “[Developer] Lion Studios is actually the gaming label of mobile advertising network AppLovin, who also owns Machine Zone now, and has...
NEW YORK/WASHINGTONNEW YORK/WASHINGTON (Reuters) - China's ByteDance has agreed to divest the U.S. operations of TikTok completely in a bid to save a deal with the White House, after President Donald Trump said on Friday he had decided to ban the popular short-video app, two people familiar with the matter said on Saturday.
U.S. officials have said TikTok under its Chinese parent poses a national risk because of the personal data it handles. ByteDance's concession will test whether Trump's threat to ban TikTok is a negotiating tactic, or whether he is intent on cracking down on a social media app that has up to 80 million daily active users in the United States.
Trump told reporters onboard Air Force One late on Friday that he would issue an order for TikTok to be banned in the United States as early as Saturday. "Not the deal that you have been hearing about, that they are going to buy and sell... We are not an M&A (mergers and...
While these results are some way behind industry norms they do demonstrate that the global market has recovered from its April nadir when a SAAR of 48.2 million was registered.
Without exception all major regions marked June with sales recovering from their earlier low points. The best performing region was Asia-Pacific, with sales there falling 11.7% year-on-year, pushed along by a 40.7% hike in South Korea's market and China's market returning near to year ago levels. COVID-19 continues to impact demand negatively in India, but even there the 49% fall is an improvement on May when sales fell by 85% and the notorious result of April when zero new vehicle sales were made in the country.
Elsewhere, Europe's sales declined by 20.2% (May -54% and April -75.6%) helped along by the easing of lockdowns and the introduction of industry support in France and other West European countries. Additionally, Turkey's continued to surprise with sales there 66% ahead...
Hedge-fund fees had already been shrinking before the pandemic ripped through global markets. Now, they’re in terminal decline.
One of London’s fastest-growing hedge funds is enticing new investors by agreeing to forgo performance fees until returns hit a key threshold. In Hong Kong, a fund boss is offering to cover all losses, a concession that’s almost unheard of in this rarefied world. And famed investor Kyle Bass has told clients he’ll charge his usual 20% cut of profits only if he earns triple-digit returns in a new fund he has started.
Long notorious for charging high fees, the $3 trillion industry runs portfolios that are generally open only to institutions and affluent individuals. It’s going to extraordinary lengths to attract new money as the coronavirus pandemic triggers losses and accelerates an investor exodus that has plagued the industry for years. Many of the world’s most prominent managers have come to the stark realization that they need to...
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