EducateKaro – Handpicked Tech & Startup News: Summarized for You
Handpicked Tech & Startup News: Summarized for You
The Nasdaq dropped over 3%, hitting a six-month low, amid concerns of an economic slowdown from escalating tariff wars. The S&P 500 is nearing a critical support level, while volatility surged. Tech stocks like Nvidia, Microsoft, and Tesla saw significant losses. Investors are worried about potential recession risks due to shifting trade policies and uncertainties around tariffs.
Read more on Reuters
TikTok, CapCut, and Lemon8 are back on U.S. app stores after a ban delay. President Trump extended ByteDance’s deadline to sell TikTok’s U.S. operations, suggesting a U.S. ownership stake as an alternative. This follows legal actions and national security concerns over ByteDance’s Chinese origins.
Read more on TechCrunch
US President Donald Trump signed an executive order renaming the U.S. Digital Service (USDS) to the U.S. DOGE Service (USDS), an advisory body led by Elon Musk to cut federal waste and modernize IT systems. DOGE Teams will be formed in federal agencies to implement the 18-month agenda, set to conclude by July 4, 2026. Lawsuits allege the initiative violates transparency laws, while Musk’s proposals to cut $2 trillion in federal spending, including restructuring key financial agencies, face skepticism.
Read more on TechCrunch.
