The Trump administration’s campaign to make Chinese-owned video-sharing app TikTok relocate to the U.S. is the latest example of the global fracturing of the internet.

The electric-truck startup’s founder and executive chairman is stepping down with immediate effect in the wake of allegations from a short seller that he and the company had made false statements to investors.

U.S. stocks extended their retreat into a fourth consecutive week. The VIX, a closely watched measure of turbulence in stocks, jumped to its highest level in almost two weeks.

Fed to Propose Overhaul of Lending Rules for Poorer Communities Fed governors were prepared to vote to seek public comment on a broad overhaul to its rules for the Community Reinvestment Act, a 1977 law aimed at ending redlining—banks’ practice of avoiding lending in certain areas, often minority neighborhoods.