Today’s top stories include a TikTok buying suggestion, Trump’s Panama Canal plan, and strategies for spending your year-end bonus.

TikTok is threatened with a US ban, billionaire offers to buy it

With TikTok potentially banned due to national security concerns, billionaire Frank McCourt has expressed interest in purchasing the platform. McCourt has pledged to overhaul the app as TikTok seeks a Supreme Court ruling on free speech issues.

Stellantis is rehiring 1,100 employees

Automaker Stellantis has reversed an earlier decision to lay off 1,100 employees at a Jeep factory in Ohio. Workers will be retrained and return to work in January after the company’s CEO suddenly resigned three weeks ago amid declining sales.

Airline stocks are rising, the cruise industry is recovering

Airline stocks including United, Allegiant and America hit record highs in the market this year after years of pandemic-related instability. Meanwhile, the cruise industry is booming: Virgin Voyages is launching an unlimited cruise pass for $120,000. The pass, which is valid for one year, can even be purchased with Bitcoin.

Trump wants to take back the Panama Canal

President-elect Donald Trump has announced plans to consider reclaiming the Panama Canal, citing high toll costs on U.S. merchant ships. The canal, over which Panama took control under a treaty signed by former President Carter, reportedly costs U.S. ships $16 billion annually in tolls.

Smart ways to spend your year-end bonus

If you’re expecting a year-end bonus, consider these financial strategies:

1. Pay off high-interest debt to save costs in the long term.
2. Open a high-interest savings accountwith interest rates still hovering around 4%.
3. Expand your emergency fund for unexpected expenses.

With an average year-end bonus of around $2,500, these tips can help maximize the impact.

This is your morning report for today.