Business
All the latest news stories about the business world: mergers, IPOs, trends, personalities, and more
From Coffee Shops to Everywhere: SoundHound's Keyvan Mohajer on Voice AI's Expanding Reach
SoundHound Co-Founder and CEO Keyvan Mohajer introduces the company's Voice AI technology and discusses a recent partnership with Peet's Coffee.
Fortnite Fatigue: Epic Games Cuts 1,000 Jobs and $500M in Costs
Epic Games confirmed it is laying off more than 1,000 employees, roughly 20% of its workforce, and slashing $500 million in costs.
Eli Lilly To Spend $5 Billion in New Virginia Plant
Eli Lilly announced plans to build a $5 billion manufacturing facility in Goochland County, Virginia, aimed at producing active pharmaceutical ingredients.
U.S. Safety Agency Probes Tesla Model Y Door Handles
The U.S. National Highway Traffic Safety Administration has launched a preliminary investigation into about 174,000 Tesla Model Y vehicles.
Microsoft Pledges $30B Boost to UK A.I. Infrastructure
Microsoft announced a sweeping plan on Tuesday to invest over $30 billion in the U.K. by 2028, including $15.5 billion in capital expenditures.
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.
