The app allows users to post 15-second videos with music overlaid. People often post videos of them lip syncing to a song or other activities. Paul Barnes, a managing director at App Annie, said TikTok has captured the mind of this age group. TikTok is currently the third most-downloaded non-game app of the year, behind WhatsApp and Messenger, app analytics firm Sensor Tower said. App Annie’s Barnes estimates TikTok has around 625 million monthly active users globally.

Chairman of the House Judiciary Committee Jerrold Nadler (D-NY) waits to speak during a media briefing after a House vote approving rules for an impeachment inquiry into U.S. President Trump on Capitol Hill in Washington, October 31, 2019. “President Trump has realized the Framers’ worst nightmare. The committee, led by Rep. Jerrold Nadler, D-N.Y., devotes part one to detailing the process by which the House Intelligence Committee investigated the case against Trump. The House Judiciary Committe

Johannes Eisele | AFP | Getty ImagesAfter the U.S. and China on Friday announced progress on a trade agreement, a critical point of the deal remains in question: agricultural purchases. On Friday, both countries held separate press conferences to announce that they reached a so-called phase one agreement. U.S. President Donald Trump said the Chinese would buy $50 billion in agricultural purchases “pretty soon.” Trade between the U.S. and China has fallen as both sides applied tariffs on billions

U.S. stock index futures rose on Monday, pointing to a fourth straight day of gains on Wall Street as investors continued to digest news of a U.S.-China phase one trade deal. ET, Dow Jones Industrial Average futures were up 50 points, indicating a gain of 67 points at the open. Chinese industrial production rose 6.2% in November on a year-over-year basis, topping expectations. The U.S. and China announced Friday they will move forward with a so-called phase one trade deal. Shares of the aerospac

The former NASA engineer-turned-YouTube star — who earned viral acclaim last year with his glitter bomb booby trap for doorstep delivery thieves — has made a festive comeback, just in time for season’s gift-giving spike. Mark Rober spent nearly a year designing a new and improved version of his “Home Alone”-inspired revenge trap in a bid to catch some of the numerous doorstep thieves who continue to dog the U.S. postal system by stealing packages from outside shoppers’ homes. The newly improved

Looking at the latest U.S.-China trade numbers, one wonders how the agreement announced last week could lead to an acceptable balance of bilateral trade accounts. China’s surplus on its U.S. goods trade in the first ten months of this year was $294.5 billion, and amounted to 40% of America’s total trade gap. The sad truth is that the U.S. will continue to run huge wealth (and technology) transfers to China financed by America’s increasing net foreign debt that will show as net foreign assets on

Uber plans to “double down” on its investment into electric bikes and scooters in 2020, with a particular focus on Europe, an executive at the company said. The firm bought Jump, a bike-sharing service based in the U.S., last year betting on growth in the so-called “micromobility” space. “We want to double down on micromobility,” Christian Freese, Jump’s head of EMEA, told CNBC in an interview. “We have seen how beautifully it works with our core business and ride sharing, and want to invest mor

Why SpaceX and Amazon plan to drastically increase the number of satellites orbiting EarthSince the start of the space age, more than 8,800 objects have been launched into orbit, according to estimates from the United Nations Office for Outer Space Affairs. But in a few years, that number could increase significantly. Private companies plan to launch thousands of satellites to beam internet to customers on Earth. SpaceX alone has announced plans to launch 42,000 satellites. If this happens, Spac

The 2020 Bentley Continental GT First Edition Mack Hogan | CNBCThe Bentley Continental GT is the brand’s most important model. The 2020 Bentley Continental GT First Edition Mack Hogan | CNBCThe goodTruth be told, the previous Continental GT never seemed particularly special to us. The 2020 Bentley Continental GT First Edition Mack Hogan | CNBCFinally, the Bentley does a great job at balancing luxury and speed. The 2020 Bentley Continental GT First Edition Mack Hogan | CNBCSecond, we’d add the $6

Democratic presidential contender Pete Buttigieg unveiled a proposal on Monday pledging a “new era for Latinos,” including a rollback of a number of President Donald Trump’s policies. Donald Trump is seen as favorable by 30% of Hispanic voters, but has a much higher unfavorable rating than Buttigieg, at 66% compared to 27%. More than 40% of Hispanic voters told Quinnipiac that they had not heard enough about Buttigieg to form an opinion. Pete will support legislation that provides a mechanism to

Jose Luis Magana | AFP | Getty ImagesIn 2010, e-cigarettes looked like they could be a promising technology for tobacco companies and health advocates alike. Teen use surgesThe e-cigarette category was virtually unregulated until the U.S. Food and Drug Administration extended its authority to all tobacco products in August 2016. Regulators and public health groups blamed Juul. Knockoff and counterfeit Juul products flooded the market, especially as Juul pulled its sweet flavors from brick-and-mo

Former FBI director James Comey admitted on Sunday that he was “overconfident” in the process used by the bureau to obtain a court-ordered wiretap of a former Trump campaign aide. However, Horowitz also concluded that the bureau made multiple errors when applying for a secret court order to obtain a wiretap of Carter Page, a former advisor to the Trump campaign. “I was wrong,” Comey said in an interview with Fox News Sunday. “I was overconfident in the procedures that the FBI and Justice had bui

Hallmark has reversed course on its decision to pull ads depicting same-sex couples from wedding website Zola. A Hallmark spokesperson said the lesbian couple’s public display of affection violated its policies, while the company reportedly told Zola it can’t accept controversial ads. But while Hallmark cut the ads with same-sex weddings, the network continued to air two other Zola ads, including one of a heterosexual couple kissing at the altar. In a statement Sunday, Hallmark Cards president a

Sen. Elizabeth Warren took JPMorgan Chase CEO Jamie Dimon and the Business Roundtable to task in a new interview with CNBC’s John Harwood published on Monday over the business association’s August commitment to “redefine” the purpose of a corporation to extend beyond the maximization of shareholder profits. “If Jamie Dimon thinks it’s a good idea for giant corporations like JPMorgan Chase to have multiple obligations, he and I agree. Then let’s make that the law,” Warren said. The Massachusetts

John Harwood: You don’t think it was a lesson that the liberal Democratic equivalent shouldn’t go too far left? But I think that this notion of left – I don’t think there’s any such thing as a problem of government that works too much for the people. Elizabeth Warren: I see this as, what’s the best way to grow our economy going forward? Ultimately, I think that’s an economy that’s more sustainable and an economy where we’re going to see more growth. John Harwood: President Obama said recently th

American voters are nearly evenly divided over the impeachment of President Donald Trump, views that have gone unchanged since last month despite several weeks of long debates and public hearings, according to a new NPR/PBS NewsHour/Marist poll. Forty-eight percent of voters are against the president’s impeachment, while 47% support it. “It’s like the hearings have never happened,” said Lee Miringoff, director of the Marist Institute for Public Opinion. Sanders leads with non-white voters, progr

Boeing 737 MAX airplanes, along with one Boeing 787 at top, are parked at Grant County International Airport October 23, 2019 in Moses Lake, Washington. Boeing could disclose as early as Monday a decision on whether further cut or suspend production of the 737 Max amid continued uncertainty about the beleaguered plane’s return to service, The Wall Street Journal reported on Sunday. Boeing CEO Dennis Muilenburg has said that suspending production could be “more efficient” than lowering output aga

Neal Khosla, founder of Curai, writes about some of the biggest challenges for digital health companies. For a decade, digital health has been the supposed savior of the health care system, driving health care into a data-first, low-cost industry worthy of the 21st-century. First, let’s consider some of the digital health companies that might qualify as big wins: Teladoc, a publicly-listed telemedicine company? the first generation of digital health efforts like Google Health) or over-indexing o

The company announced Sunday that “Frozen II” surpassed the $1 billion mark on Saturday, becoming the sixth movie from the studio to do so this year. Analysts had long predicted it would cross the billion-dollar mark, particularly after the fervor that followed the first film in the franchise. “Captain Marvel,” “Aladdin,” “The Lion King,” “Avengers: Endgame” and “Toy Story 4” have also surpassed the billion-dollar mark this year for Disney. “Frozen II” is now the seventh biggest animated release

Do Elizabeth Warren, Bernie Sanders, Pete Buttigieg, Mike Bloomberg, and all the other Democrats running against Joe Biden really want to be president? If they answer truthfully, it sure seems like all of them would have to say they really don’t want to win. The widely reported figure is that Hunter Biden was paid $50,000 per month for that “job” despite not having any experience in the energy industry. They clearly don’t want to be seen as advancing President Trump’s efforts to get Ukraine to i