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Investing

Elon Musk’s SpaceX acquires xAI

SpaceX on Monday acquired xAI, the artificial intelligence startup that also owns the X social media platform, in a deal combining two…
Investing

Amazon slashes another 16,000 jobs

Amazon said Wednesday it was slashing another 16,000 jobs across the company in an ongoing bid to restructure the sprawling trillion-dollar firm….
Investing

Trump sues JPMorgan Chase and CEO Jamie Dimon for $5B over alleged ‘debanking’

President Donald Trump on Thursday filed a $5 billion lawsuit against JPMorgan Chase and its CEO Jamie Dimon, claiming that the bank…
Investing

Valentino, founder of Italian luxury empire, dies at 93

ROME — Italian fashion designer Valentino Garavani has died, his foundation said Monday. Usually known only by his first name, Valentino was…
Investing

Saks files for bankruptcy as luxury market struggles

The company that owns the iconic luxury retailer Saks Fifth Avenue filed for bankruptcy late Tuesday. The move comes after Saks Global…
Investing

Warner Bros. Discovery rejects Paramount’s amended takeover offer

Warner Bros. Discovery on Wednesday rejected Paramount Skydance’s amended takeover offer, the latest in a series of rejections in David Ellison’s pursuit…
Investing

Trump Media to merge with nuclear fusion company

Trump Media & Technology will merge with a fusion power company in an all-stock deal that the companies said Thursday is valued…
Investing

Apple’s AI chief abruptly steps down

Apple’s top artificial intelligence executive is stepping down and will retire in 2026, the company announced Monday. John Giannandrea had been at…
Investing

Shopify says a daylong Cyber Monday outage has been resolved

Outages on Shopify’s e-commerce platform have been resolved, the company said late Monday, bringing to an end a daylong glitch on the…
Investing

Prada Group says it has purchased fashion rival Versace in a deal worth nearly $1.4 billion

MILAN — The Prada Group announced Tuesday that it has officially purchased Milan fashion rival Versace in a 1.25 billion euro (nearly…
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