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The Dow falls more than 500 points as a report says large global banks were involved in transactions flagged as possible money laundering and hopes dim for Congress to pass another relief measure.
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President Trump is claiming victory after blessing a deal in which Oracle and Walmart will own a stake of TikTok, but experts wonder whether the terms of the agreement will really change anything.
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Oracle says it's ready to be a "trusted technology provider" for the hit video-sharing app. A bid for TikTok's U.S. operations by tech giant Microsoft has been rejected.
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The 17-year-old accused of killing two was a police youth cadet in the Chicago suburbs. He said on social media that he went to Wisconsin to assist police.
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The White House has targeted the Chinese-owned app with an executive order that would effectively ban it from operating in the U.S. Lawyers for TikTok say the president's action is unconstitutional.
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Eric Garcetti announces on Wednesday that he authorized the city to disconnect utility service at the property, which he says had become "a nightclub in the hills" despite repeated warnings.
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The move follows a previous executive order from the president that would make "transactions" between U.S. citizens and the Chinese-owned app illegal.
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The president also issued an executive order aimed at cutting ties between the U.S. and the owner of the popular Chinese communications and social media app WeChat.
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A lawsuit alleging that TikTok collects and sends American users' data to China could cost the company hundreds of millions of dollars. TikTok denies the allegations.
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The president's announcement comes as Microsoft is in talks to acquire the app, which is owned by ByteDance, a Chinese company.