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TikTok's Chinese owner, ByteDance, finalized a deal on Thursday to set up ?a majority American-owned joint venture company that will avoid a U.S. ban on the popular video-sharing app ?used by more than 200 million Americans.
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The BOJ also upgraded its GDP forecast for the 2025 fiscal year to 0.9%, and also raised its GDP projection for the 2026 fiscal year to 1% from 0.7%.
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The Chinese parent company of the popular video app said a group of non-Chinese investors would create an American TikTok to avoid a federal ban.
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Chase Bank closed Trump's accounts on the heels of the Jan. 6, 2021, U.S. Capitol riot and the president exiting the White House later that same month.
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