By Caitlin McCabe

President Trump announced a TikTok deal with Chinese leader Xi Jinping after the two spoke today.

Trump and Xi didn't release details of the deal, but new investors would own about half the company, while existing ones in TikTok parent ByteDance including Susquehanna International, KKR and General Atlantic would hold roughly 30%.

In addition, lawmakers on Capitol Hill voted Friday to reject a short-term spending bill that aimed to avoid a government shutdown at the end of the month. The vote was 44 in favor and 48 against, short of the 60 required and sending GOP leaders back to the drawing board.

Stocks rose Friday, a day after the Russell 2000 and the three major U.S. stock indexes closed at all-time highs for the first time since November 2021.

The Bank of Japan kept interest rates on hold at the end of a week in which the Federal Reserve and several other central banks cut them. The BoJ said it would start offloading its portfolio of exchange-traded funds, a sign of confidence in the economy despite global trade tumult.

In Friday trading:

Treasury yields rose for a third day. The 10-year yield touched 4.14%.

Gold futures advanced above $3,680 a troy ounce, hovering near all-time highs.

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(END) Dow Jones Newswires

September 19, 2025 16:41 ET (20:41 GMT)

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