Potential Purchase of TikTok's US Operation by Steven Mnuchin

Steven Mnuchin expresses interest in buying TikTok's US operation and rebuilding its critical video recommendation technology under US leadership to disconnect from ByteDance. However, challenges remain due to ByteDance's reluctance to sell its core recommendation algorithm and China's export restrictions.

Criticism of Steven Mnuchin's Bid to Buy TikTok

Sen. Ron Wyden criticizes former Treasury Secretary Steven Mnuchin over ties to Middle Eastern money in bid to buy TikTok from Chinese owner. Mnuchin assembling group of investors, including Saudi Arabia and other Gulf state governments. Wyden expresses concern over potential ownership by MAGA Trump crony backed by Saudi Arabia. Mnuchin faces scrutiny for potential fundraising on taxpayer's dime during final days in Trump administration.

New York Community Bancorp Capital Raise and Leadership Shake-up

New York Community Bancorp announced a $1 billion capital raise and leadership shake-up, with former Treasury Secretary Steven Mnuchin joining the board. The stock saw a sharp rebound after the announcement.