Tesla and SpaceX CEO Elon Musk announced on Friday that he is selling social media platform X, previously known as Twitter, to his own artificial intelligence startup xAI.
Musk confirmed the news via a post on X, saying that it was an all-stock transaction, which...
Biotech company 23andMe, known for its direct-to-consumer genetic-testing kits, has filed for bankruptcy. The move caused the company’s stock to crash in pre-market trading and resulted in co-founder Anne Wojcicki resigning as the CEO.
23andMe has been recently going through a rough patch, being forced...
The Federal Reserve announced it will keep its benchmark interest rates intact after a Federal Open Market Committee meeting on Wednesday. However, the officials maintained their previous prediction of at least two cuts in 2025.
The Fed’s benchmark borrowing rate is currently set at 4.25%...
Struggling healthcare and pharmacy giant Walgreens Boots Alliance is close to sealing a buyout deal with private-equity company Sycamore Partners according to a report by The Wall Street Journal. The deal is estimated to be worth $10 billion and would take Walgreens private for...
Reddit co-founder Alexis Ohanian will join Project Liberty’s bid to acquire social media platform TikTok. Project Liberty’s founder Frank McCourt announced the news on Monday, saying Ohanian will take on the role of a Strategic Advisor.
TikTok previously became the subject of a law that...
iPhone maker Apple announced on Monday that it plans to invest $500 billion in the United States over the next four years and hire 20,000 people in the process.
Apple's domestic spending will also consist of building a new server manufacturing plant in Houston, Texas,...
