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(WASHINGTON) -- A federal appeals court on Friday rejected TikTok's bid to overturn a law banning the platform unless the company finds a new owner. The defeat moves the app closer to a U.S. ban, which is set to take effect on Jan. 19, 2025.TikTok had challenged the law on First Amendment grounds, arguing that a potential ban would deny American users access to a popular venue for public expression. […]

Bing Guan/Bloomberg via Getty Images (NEW YORK) -- A federal appeals court on Friday rejected TikTok's bid to overturn a law banning the platform unless the company finds a new owner. The defeat inches the apps closer to a U.S. ban, which is set to take effect on Jan. 19.This is a developing story. Please check back for updates. Copyright © 2024, ABC Audio. All rights reserved.

(NEW YORK) -- The price of bitcoin dropped below $100,000 late Thursday, just a day after topping the milestone for the first time.The world’s largest cryptocurrency continued to slide in early trading on Friday, before recovering some of the losses.The turmoil for bitcoin did not appear to impact other major crypto coins. Ether, the second-largest cryptocurrency, climbed nearly 5% in early trading on Friday, exceeding $4,000 for the first time since March.The turn […]

(WASHINGTON) -- U.S. hiring surged in November, bouncing back from a dismal performance in the previous month and returning to strong growth.Employers added 227,000 workers last month, exceeding economist expectations of 214,000 additional jobs, U.S. Bureau of Labor Statistics data on Friday showed. The unemployment rate ticked up to 4.2%, which remains historically low.The fresh data offered a key clue about the health of the economy as the nation hurtles […]

(NEW YORK) -- The price of bitcoin topped $100,000 for the first time ever late Wednesday, and soared to a fresh high in early trading on Thursday.The new gains extended a rally set off by the election of former President Donald Trump, who is viewed as friendly toward cryptocurrency.In a post on Truth Social on Thursday, Trump took credit for the gains: “CONGRATULATIONS BITCOINERS!!! $100,000!!! YOU'RE WELCOME!!!.”Since Election Day, the price of bitcoin has climbed nearly 50%. That […]

(NEW YORK) -- The price of bitcoin surpassed $100,000 for the first time on Wednesday, soaring to a fresh high as the world’s largest cryptocurrency extended a rally set off by the election of former President Donald Trump.Bitcoin has climbed more than 40% since Election Day, when voters opted for a candidate viewed as friendly toward digital currency.Those gains have far outpaced the stock market. The S&P 500 has increased […]