Oracle (NYSE:ORCL) saw its stock climb more than 4% on Monday after U.S. President Donald Trump indicated progress toward a deal to secure TikTok’s U.S. operations. On his Truth Social account, Trump hinted that discussions with Beijing had produced results.

Today’s headlines span politics, finance, and technology. A US appeals court blocked former President Trump’s attempt to remove Fed Governor Lisa Cook, reinforcing the central bank’s independence. TikTok edges closer to US-based operations as Oracle reportedly joins a consortium amid ongoing US-China talks.

President Donald Trump said on Tuesday that the U.S. and China have a deal that would keep TikTok operating in the United States, in an agreement that marks a breakthrough in months-long talks between the world's two biggest economies.

Trump backed a TikTok deal as Beijing confirmed the U.S. app will still run on Chinese algorithm tech despite years of national security concerns.

The U.S. and China have “reached a framework” that would enable ByteDance to sell TikTok’s U.S. operations to an American buyer. A successful deal would end China’s leverage over the app in the U.S. — and Trump’s too. (Photo: Kevin Carter via Getty Images) https://t.co/TwS5CdPq7S pic.twitter.com/5xpExPCEYd — Forbes (@Forbes) September 16, 2025

For anyone concerned that artificial intelligence is fueling a bubble in technology stocks, Oracle Corp. has entered the conversation.

With Trump in the UK, several US tech companies have made commitments to the country. Microsoft has said it will build a supercomputer as part of a $15bn AI infrastructure push, CoreWeave revealed plans to invest $2bn in expanding its UK AI data center capacity and operations, and Google has opened its data center in Hertfordshire.

Technology company Oracle is among a consortium of firms that would enable TikTok to continue operations in the U.S. if a framework deal is finalized, sources say.