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The rise of 'conspicuous waiting': The 19th-century economic theory that explains why Gen Z posts their place in line

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The rise of 'conspicuous waiting': The 19th-century economic theory that explains why Gen Z posts their place in line

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Millennials say they’ll refuse to care for aging boomer parents—but they’ll be forced to as their inheritance shrinks to 40 cents on the dollar

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Tim Cook signed off on his final Apple earnings call with a warning about a ‘100-year flood’ in memory chip pricing
PoliticsTikTok

Trump will sign an executive order this week giving TikTok owner its third deadline extension to divest the app

By
Aamer Madhani
Aamer Madhani
and
The Associated Press
The Associated Press
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By
Aamer Madhani
Aamer Madhani
and
The Associated Press
The Associated Press
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June 18, 2025, 6:52 AM ET
Trump had signed an order in early April to keep TikTok running for an additional 75 days after a potential deal to sell the app to American owners was put on ice.
Trump had signed an order in early April to keep TikTok running for an additional 75 days after a potential deal to sell the app to American owners was put on ice.Ashley Landis—AP
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President Donald Trump will sign an executive order this week to extend a deadline for TikTok’s Chinese owner to divest the popular video sharing app, the White House announced Tuesday.

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Trump had signed an order in early April to keep TikTok running for an additional 75 days after a potential deal to sell the app to American owners was put on ice.

“As he has said many times, President Trump does not want TikTok to go dark,” White House press secretary Karoline Leavitt said in a statement. “This extension will last 90 days, which the Administration will spend working to ensure this deal is closed so that the American people can continue to use TikTok with the assurance that their data is safe and secure.”

Trump had told reporters aboard Air Force One as he flew back to Washington early Tuesday from the Group of Seven summit in Canada that he “probably” would extend the deadline again.

Trump also said he thinks Chinese President Xi Jinping will “ultimately approve” a deal to divest TikTok’s business in the United States.

It will be the third time Trump has extended the deadline.

The first one was through an executive order on Jan. 20, his first day in office, after the platform went dark briefly when the ban approved by Congress — and upheld by the U.S. Supreme Court — took effect.

The second was in April, when White House officials believed they were nearing a deal to spin off TikTok into a new company with U.S. ownership that fell apart after China backed out following Trump’s tariff announcement.

It is not clear how many times Trump can — or will — keep extending the ban as the government continues to try to negotiate a deal for TikTok, which is owned by China’s ByteDance. Trump has amassed more than 15 million followers on TikTok since he joined last year, and he has credited the trendsetting platform with helping him gain traction among young voters. He said in January that he has a “warm spot for TikTok.”

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