Tech
tech

Oracle jumps on report it’s involved in TikTok deal

Oracle is up nearly 5% this morning on a CBS report that it’s one of “multiple companies” involved in a deal to operate TikTok in the US. Oracle has long been considered a likely contender.

Whichever US entity ultimately takes over TikTok’s American operations will continue to use parent company ByteDance’s Chinese algorithm, the Financial Times reported earlier today. Concerns that Beijing could use the prized algorithm to manipulate US users and push propaganda was a key reason the government moved to ban the app in the first place, though much of the evidence remains classified.

US social media competitors Meta and Snap initially dropped yesterday on news of an impending deal but have since recovered and don’t seem to be affected premarket today.

US social media competitors Meta and Snap initially dropped yesterday on news of an impending deal but have since recovered and don’t seem to be affected premarket today.

More Tech

See all Tech
tech

Tesla faces door handle probe after Bloomberg report

A week after Bloomberg published a report called “Tesla’s Dangerous Doors” that detailed instances where people were hurt or injured after accidents reportedly left the flush electronic door handles inoperable, the National Highway Traffic Safety Administration has launched a probe into the matter.

“NHTSA’s investigation is focused on the operability of the electronic door locks from outside of the vehicle as that circumstance is the only one in which there is no manual way to open the door,” the NHTSA wrote. It cited reports of parents being forced to break the windows of their Teslas to extract their children locked inside.

The probe adds to a list of headwinds Tesla is facing, including declining sales, the end of the federal EV tax credit, and increased competition. However, Tesla, riding high on news yesterday that CEO Elon Musk purchased $1 billion in shares, doesn’t seem to be dampened by the news. It’s up 1.5% premarket.

“NHTSA’s investigation is focused on the operability of the electronic door locks from outside of the vehicle as that circumstance is the only one in which there is no manual way to open the door,” the NHTSA wrote. It cited reports of parents being forced to break the windows of their Teslas to extract their children locked inside.

The probe adds to a list of headwinds Tesla is facing, including declining sales, the end of the federal EV tax credit, and increased competition. However, Tesla, riding high on news yesterday that CEO Elon Musk purchased $1 billion in shares, doesn’t seem to be dampened by the news. It’s up 1.5% premarket.

tech
Rani Molla
9/15/25

Google joins Apple, Microsoft, and Nvidia with a $3 trillion-plus valuation

Today, Google became the fourth company to surpass a $3 trillion market cap, joining the likes of Nvidia, Microsoft, and Apple. Google’s shares were up 4% in early trading, pushing the company over the $3 trillion milestone. The stock has been on a tear following a federal court ruling earlier this month that avoided some of the worst-case antitrust scenarios regarding its search monopoly, including breaking up the company. And earlier today Citigroup raised its Google price target to $280 from $225, citing “an accelerated product development cycle that is beginning to emerge with greater Gemini adoption across both its Ads and Cloud businesses.”

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.