Small businesses brace for possible TikTok ban impact
The looming TikTok ban threatens millions of small businesses that rely on the platform to grow. Crown's Corner Mechanic owner Desiree Hill built a 9,000 square foot shop after gaining customers from TikTok. If banned, firms may shift to Instagram Reels YouTube Shorts and email databases, but reach to teens could drop and growth may stall. Crystal Lister of Mommy and Me The Listers in Cypress Texas skirts toward YouTube and Instagram Reels as pivots, noting TikTok's ease of use and reach.
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Georgia
Justice Department
ByteDance
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Donald Trump
Crown Corner Mechanic's Hill
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Offshore wind project seeks delay in New Jersey
Leading Light Wind seeks a second delay through May 20 for its offshore wind project 40 miles off Long Beach Island. The board previously paused the project amid blade manufacturing and supply chain volatility, with Invenergy and energyRE backing up to 100 turbines to power about 1 million homes. Opponents cite economic feasibility concerns amid subsidies and regulatory shifts.
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Stocks end good year on down note
The S P 500 fell 0.4 percent on the final trading day of 2024 while earning a 23.3 percent annual gain, the Nasdaq rose 28.6 percent and the Dow slipped 0.1 percent. Big Tech led the rally as inflation cooled and earnings grew, with Nvidia and other AI names lifting markets. Inflation trends and Fed policy kept markets vigilant ahead of 2025 amid Trump’s presidency transition and tariff fears. Bitcoin topped 100000 dollars, gold gained over 26 percent, and the year closed with a rare broad up year for U S equities.
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White House
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Markets close Jan 9 for Carter death National Day of Mourning
United States stock markets will close January 9 in observance of a National Day of Mourning for former President Jimmy Carter who died aged 100 in Plains Georgia. Nasdaq and the NYSE will also observe moments of silence and fly flags at half staff as Biden proclaims the day.
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Tal Cohen
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