Business
All the latest news stories about the business world: mergers, IPOs, trends, personalities, and more
PayPal Eyes a Banking Upgrade
PayPal said it has applied for approval to form PayPal Bank, a move that would allow it to offer loans to small businesses and expand its financial services.
No Driver, No Problem? Tesla’s Robotaxi Moment Hits Austin
Tesla says it is now testing fully driverless Robotaxi vehicles in Austin, Texas, with no humans on board, according to CEO Elon Musk.
Elon Musk’s xAI Lands Massive $15 Billion Funding Boost in A.I. Arms Race
Elon Musk’s artificial intelligence company, xAI, has raised $15 billion, adding to a previously reported $10 billion round.
Skims Stretches to New Heights With $5 Billion Valuation
Kim Kardashian’s Skims has raised $225 million in fresh funding led by Goldman Sachs Alternatives, boosting the company’s valuation to $5 billion.
Black Friday Ahead: What Shoppers Need to Know About Inventory, Prices, and Promotions
Retailers face tariffs and cost challenges this holiday season. Wells Fargo's Lauren Murphy shares insights on pricing, promotions, and shopping trends.
Love Without Limits: The App Making Dating Accessible for All
Dateability, founded by sisters Jacqueline and Alexa Child, is the only dating app for disabled and chronically ill communities, fostering love without limits.
Small grocers and convenience stores feel an impact as customers go without SNAP benefits
Some small grocery stores and neighborhood convenience stores are eager for the U.S. government shutdown to end and for their customers to start receiving federal food aid again. Late last month, the Trump administration froze funding for the SNAP benefits that about 42 million Americans use to buy groceries. The U.S. Department of Agriculture says about 74% of the assistance was spent last year at superstores like Walmart and supermarkets like Kroger. Around 14% went to smaller stores that are more accessible to SNAP beneficiaries. A former director of the United Nations World Food Program says SNAP is not only a social safety net for families but a local economic engine that supports neighborhood businesses.
Anthropic Launches $50 Billion A.I. Infrastructure Project in the U.S.
Anthropic has announced a $50 billion investment in U.S. AI infrastructure, beginning with custom data centers in Texas and New York.
Inside Musk’s $1 Trillion Payday After It Gets Green Light from Tesla Shareholders
Becky Peterson, Reporter at The Wall Street Journal, explains Tesla shareholders approving Elon Musk’s historic $1T pay package and what it means.
From Boom to Bust: Understanding Crypto’s Volatile Market Swings
Andy Baehr, Head of Product at CoinDesk Indices, breaks down crypto’s Black Friday crash, Bitcoin dipping under $100K, and what’s driving the market rout.
SoftBank Cashes Out of Nvidia to Fuel Its “All-In” A.I. Bet
SoftBank announced Tuesday that it sold its entire $5.83 billion stake in Nvidia as it doubles down on massive investments in OpenAI and other tech ventures.
