Business
All the latest news stories about the business world: mergers, IPOs, trends, personalities, and more
From Crushing Deals to Crushing Box Office: Kevin O’Leary’s Hollywood Takeover
Shark Tank’s Kevin O’Leary breaks down his Hollywood debut, Marty Supreme’s $100M box office run, Oscar buzz, and what business taught him about movies.
TikTok Strikes Last-minute U.S. Deal as Trump Claims Victory Over Ban Threat
President Donald Trump and TikTok announced a new joint venture designed to keep the app operating in the U.S. under American leadership.
Mortgage Rates Fall Sharply as Fed Rate Cut Expected
Mortgage rates dropped steeply on Tuesday, with the average rate for a 30‑year fixed mortgage hitting a little above 6%.
Trump Admin. Orders End to Delta, Aeromexico Joint Venture O
The Trump administration has ordered Delta Air Lines and AeroMexico to dismantle their joint venture by January 1.
Meta Shifts Metaverse Strategy to Smart Glasses
Meta is pivoting its multibillion-dollar metaverse strategy toward smart glasses, preparing to unveil its most advanced pair yet, codenamed “Hypernova”.
xAI Lays Off 500 as Data Team Behind Grok Chatbot Faces Cuts
Artificial intelligence startup xAI laid off around 500 employees on Friday, primarily from its data annotation team responsible for training its Grok chatbot.
Musk Buys $1B in Tesla Stock in Rare Move
Tesla shares surged Monday after CEO Elon Musk disclosed a $1 billion open-market purchase of 2.57 million shares, his largest buy ever and first since 2020.
U.S. and China Strike Framework Deal on TikTok
The U.S. and China have agreed on a framework deal for TikTok that could transfer control of the platform to U.S. ownership.
United CEO Says Spirit Airlines is Doomed
United Airlines CEO Scott Kirby bluntly predicted that Spirit Airlines is "going out of business," criticizing the ultra-low-cost model as unsustainable.
Google Adds 'Purchases' Tab to Gmail for Easier Package Tracking
Google is rolling out a new “Purchases” tab in Gmail, giving users a centralized view of all their order and shipping emails.
DOJ Sues Uber for Discriminating Against Passengers with Disabilities
The U.S. Department of Justice has filed a federal lawsuit against Uber, accusing the company of systematically discriminating against disabled passengers.
