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Elon Musk Merges SpaceX With His A.I. Start-Up xAI
The deal further intermingles Mr. Musk’s companies and creates the most valuable private company on earth.
By Editors Desk
Latest Business
Who Is Kevin Warsh? Trump’s Fed Chair With Family Ties To Billionaire GOP Donor
President Donald Trump on Friday announced he will nominate Kevin Warsh—a former Federal Reserve governor—as his pick to succeed Jerome Powell as the chair of the central bank.
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Spotify in freefall, boss lashes out
Spotify has addressed concerns about artist royalties just days after it was revealed that the company’s stock had dropped over 40% in the last six months.
Why Saks collapsed while the rest of luxury retail is growing
Department stores are increasingly being left behind as luxury brands connect directly with customers, both online and in boutiques.
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China Announces Record Trade Surplus as Its Exports Flood World Markets
China’s surplus reached $1.19 trillion last year, a 20 percent increase from 2024, as Beijing kept the currency weak and pursued self-reliance to replace imports.
Trump announces one-year 10% cap on credit card interest rates
But critics expressed doubt that president can implement such a move without approval from Congress
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Larry Ellison Provides Personal Guarantee for Paramount’s Bid for Warner
Warner earlier recommended that shareholders reject Paramount’s $30-per-share bid for all of the company
Elon Musk’s 2018 Tesla pay package restored by Delaware court
Decision from state supreme court on deal once worth $56bn overturns ruling that prompted angry Musk backlash
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Warner Rejects Paramount’s Hostile Bid, Saying Netflix Deal Still Superior
Warner raised concerns about the credibility of Paramount’s “illusory” offer and its backing from the Ellison family.
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