Business
All the latest news stories about the business world: mergers, IPOs, trends, personalities, and more
Polymarket Dives into Perpetual Futures Rivaling Kalshi
Polymarket announced it is expanding into trading of perpetual futures contracts, escalating a heated rivalry with Kalshi.
SpaceX Strikes Blockbuster Deal with A.I. Coding Startup Cursor
SpaceX has struck a deal with AI coding startup Cursor, securing the right to acquire the company for $60 billion later this year.
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.
Sources: Paramount Skydance May Bid for Warner Bros. Discovery
Sources say Paramount Skydance is working with an investment bank on an all-cash bid for Warner Bros. Discovery.
Microsoft & OpenAI Strike New Deal to Restructure Partnership
Microsoft and OpenAI have signed a non-binding agreement to redefine their partnership, allowing OpenAI to restructure into a for-profit company.
