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TikTok CEO Shou Zi Chew is set to testify before Congress for the very first time on Thursday. These are 3 things Yahoo Finance will be looking out for. Number one is national security: How will TikTok address privacy and data security concerns as well as how it handles user data, and what would TikTok do if the Chinese government says hand that data over? Number two is TikTok’s growth: TikTok this week revealed its monthly active users in the U.S. hit 150M; that's a jump of 50% in the past 2+ years. Any wide-ranging U.S. ban could potentially hurt the more than 100,000 creators using TikTok for extra income. Number three is influence or interference: 2024 is a presidential election year in the U.S., so expect questions on misinformation, political influence, and even how children are affected by the content. Key video takeaways 00:14: 3 things to watch with TikTok in D.C. 00:29: TikTok CEO speaks ahead of testifying 01:20: strained relationship
Apple (NASDAQ: AAPL) has been nothing short of a dream stock over the last few years. The company produced magnificent returns for shareholders while growing its top and bottom lines at a breakneck pace. Apple made major product and service developments in recent years, most notably the successful expansion of AirPods on the product side and Apple Music, Apple TV+, Apple Card, and Apple Pay on the services side.
Aside from being well-known, industry-leading brands, Apple (NASDAQ: AAPL), Target (NYSE: TGT), and Caterpillar (NYSE: CAT) may not have much in common as companies. Another throughline is that each business generates a ton of free cash flow (FCF) and then uses that FCF to pay dividends and buy back stock. Here's how stock buybacks have helped to bolster shareholder value, and why Apple, Target, and Caterpillar are top stocks to buy now.