Business news

Business

Musk wants to merge SpaceX and Tesla: Here's what to know

Elon Musk said this week that SpaceX and Tesla have formed special committees to study a merger of his two biggest companies.

Business

Shares in this data center company are down 40% as investors lose faith in the AI story

For two decades, data centers were relatively safe, lucrative real estate investments. They attracted investors because they served as digital infrastructure—the essential plumbing that keeps the internet running.

Business

A SpaceX–Tesla megamerger could benefit both companies and Elon Musk's personal fortune

The history of corporate mergers is littered with failure, but investors in Tesla and SpaceX seem to believe Elon Musk can pull off the biggest tie-up of all time.

Business

Judge orders Meta to pay $25 billion to New Mexico in Cambridge Analytica case

A New Mexico judge ruled Wednesday that Meta must pay $25 billion to the state after a jury found last month that the social media giant had deceived users in a case related to the Cambridge Analytica scandal, according to ...

Business

EU probes Booking.com over online fraud risks

The European Union opened an investigation into online travel agent Booking.com on Wednesday over alleged failures to tackle fake listings and phishing scams.

Business

Google Cloud outage hits UK banks

Online services for a number of U.K. banks in and around London were disrupted by a Google Cloud outage Tuesday.

Business

US bans use of China's DeepSeek by government agencies

The U.S. government on Monday ordered its agencies to stop using artificial intelligence tools from Chinese startup DeepSeek, as the countries race for dominance in the fast-moving sector.

Business

Expert examines what drives cryptocurrency returns

Dr. Matt Brigida, SUNY Poly professor of finance and chair of the Department of Accounting and Finance, is exploring the evolving relationship between cryptocurrency and traditional financial markets in his new paper, "Crypto ...

Internet

EU says WhatsApp to face stricter content rules

WhatsApp is set to face greater EU scrutiny after the European Commission on Monday added the platform to its list of digital firms big enough to face stricter content rules.

Business

Coinbase power play sparks crypto rift as key bill gets delayed

It was a rare White House rebuke to the crypto industry: Don't take your newfound political muscle in Washington for granted. A week after Coinbase Global Inc. Chief Executive Officer Brian Armstrong helped stall sweeping ...

Internet

Meta pauses teen access to AI characters

Meta is halting teens' access to artificial intelligence characters, at least temporarily, the company said in a blog post Friday.

Business

What to know about the deal to keep TikTok in US

TikTok has at last finalized a deal to keep the popular video sharing platform operating in the U.S. after years of uncertainty, but questions remain about whether users' experience will change and whether the changes actually ...

Business

TikTok finalizes a deal to form a new American entity

TikTok has finalized a deal to create a new American entity, avoiding the looming threat of a ban in the United States that has been in discussion for years on the platform now used by more than 200 million Americans.

Business

Why AI has not led to mass unemployment

People have become used to living with AI fairly quickly. ChatGPT is barely three years old, but has changed the way many of us communicate or deal with large amounts of information.

Business

Dazzling Chinese AI debuts mask growing pains

Investor confidence in Chinese AI startups is riding high, but obstacles to their long-term success range from US export controls to the puzzle of how to become profitable.

Business

FTC appeals Meta's court victory in monopoly case

The US Federal Trade Commission said Tuesday it was appealing a court ruling that dismissed its antitrust case against Meta, insisting the tech giant illegally monopolized social media.