Social media giant TikTok is planning to sue the Trump administration as soon as Tuesday over its planned ban of the app in the US, according to NPR.
U.S. stock indexes closed mostly higher Monday, nudging the S&P 500 within striking distance of its all-time high set in February. The S&P 500 rose 0.3% after wavering between small gains and losses in the early going. The benchmark index is now within 1% of its last record high.
China’s exports rose at the fastest pace in seven months in July, while imports declined, painting a mixed picture for the economy.