Elon Musk's sprawling empire of companies is increasingly operating as an interconnected ecosystem, with billions in cross-investments, shared technology, and personnel moves blurring traditional corporate boundaries and raising questions about the future of 'Elon Inc.'
The U.S. dollar climbed to a one-week high, buoyed by unexpectedly strong manufacturing activity and hawkish-leaning Federal Reserve commentary. The rally pressured major currency pairs and sent precious metals tumbling, as markets reassessed the timeline for potential interest rate cuts.
Woodward, Inc. (WWD) kicked off fiscal 2026 with robust first-quarter results, driven by exceptional performance in commercial aerospace services and broad-based industrial growth. The company reported a 29% year-over-year sales increase and a 54% jump in EPS, prompting an upward revision to its annual guidance.
Elon Musk announces the merger of SpaceX and xAI, unveiling an ambitious plan to construct data centers in space, which he claims will become the most cost-effective source of AI computing power within years.
Industrial giant Caterpillar secures a landmark agreement to supply 2 gigawatts of power generation and storage to the Monarch Compute Campus, positioning itself at the forefront of meeting the surging energy demands of artificial intelligence infrastructure.
While the fried chicken segment continues to dominate fast-food traffic, Buffalo-based Hen House Nashville Hot Chicken has filed for bankruptcy protection, highlighting the uneven fortunes within the popular sector.
Investment firm Hussman Strategic Advisors has liquidated its entire stake in TG Therapeutics, a move that comes as the biotech's stock lags behind broader market gains despite reporting strong revenue growth for its flagship product.
CEO Sam Altman announces a strategic hiring slowdown as OpenAI navigates profitability challenges and shifts toward using AI to build AI, raising questions about data quality and industry stability.
A young Australian woman has died following a horrific incident where her backpack became entangled in a ski lift at a popular Japanese resort, highlighting ongoing safety concerns.
A man wanted for a fatal shooting in Camarillo led authorities on a dangerous pursuit reaching speeds over 100 mph before being found deceased in his vehicle, officials confirm.
Elon Musk has formally merged his rocket company SpaceX with artificial intelligence firm xAI, a strategic consolidation aimed at creating a vertically integrated powerhouse focused on AI and space infrastructure, according to an internal memo obtained by Business Insider.
Elon Musk has consolidated his AI venture, xAI, into SpaceX, creating a unified entity to pursue the audacious goal of deploying a million-satellite constellation that will function as solar-powered data centers in space, addressing the surging energy demands of artificial intelligence.
Amazon will phase out its Amazon One palm recognition service across all U.S. retail locations by mid-2026, citing low adoption. The move signals a strategic pullback from in-store biometrics amid privacy debates and a broader refocusing of its physical store strategy.
Elon Musk merges his space and AI ambitions under one roof as SpaceX finalizes the acquisition of xAI. The strategic move, combining Starlink, social platform X, and chatbot Grok, sets the stage for a landmark public offering and accelerates Musk's vision for off-planet data infrastructure.
NXP Semiconductors projects first-quarter revenue above analyst expectations, fueled by resilient automotive chip sales and signs of stabilization in the industrial sector, despite ongoing softness in communications infrastructure.
Despite facing increased US duties, Malaysia, Thailand, and Vietnam have expanded their trade surplus with the United States over the past year, even as their deficits with China grow, highlighting shifting global trade dynamics under renewed protectionist pressures.
Elon Musk merges his rocket company with his AI startup, arguing that the future of scalable artificial intelligence depends on moving its immense power demands off-planet.
An independent financial analysis of Duke University has found the institution possesses substantial reserves and strong cash flow, raising faculty criticism over recent staff reductions and budget cuts framed as necessary austerity measures.
A new legislative effort seeks to transform California's insurer of last resort into a comprehensive provider, potentially ending the need for hundreds of thousands of homeowners to juggle multiple policies amid the state's ongoing insurance crisis.
Elon Musk consolidates his ventures as SpaceX moves to acquire artificial intelligence firm xAI, aiming to merge space technology with advanced AI under a single corporate roof.
