The Battle For TikTok

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.
2. Retail spending returned to pre-pandemic levels in July, but the end of the Cares Act means the recovery won’t be sustained.
3. 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