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

Pretrained AI detects factory defects using fewer examples, potentially easing costly setup

A University of Dayton statistician and an international team of researchers are showing how artificial intelligence can help factories detect flawed parts without the expensive step that keeps the technology out of reach ...

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 ...

Business

Trump allies to control TikTok under new US deal

Donald Trump on Thursday signed an executive order laying out a proposed deal for a US version of TikTok that would put control of the app in the hands of the president's allies.

Business

EU rejects Apple demand to scrap landmark tech rules

The European Union rejected a call by Apple to scrap its landmark digital competition law on Thursday, dismissing the US giant's claims that the rules put users' security at risk.

Business

Amazon to pay $2.5 bn to settle Prime enrollment case

Amazon agreed Thursday to pay $2.5 billion to settle allegations from a US regulator that it used deceptive practices to enroll consumers in Amazon Prime and made it difficult to cancel subscriptions.

Business

Quantum computer chips clear major manufacturing hurdle

UNSW Sydney nano-tech startup Diraq has shown its quantum chips aren't just lab-perfect prototypes—they also hold up in real-world production, maintaining the 99% accuracy needed to make quantum computers viable.

Business

In just one year, Google turns AI setbacks into dominance

Caught off guard by ChatGPT and mocked for early blunders with its own generative artificial intelligence efforts, Google has pulled off a dramatic turnaround in just one year, becoming a major player in consumer-facing AI.

Consumer & Gadgets

Why Trump's tariffs could make the apps on your phone worse

The US has imposed a 50% tariff on most Indian exports, following through on its threat to raise them from 25%. Although they are formally applied to goods, there are fears that tariffs could also unleash a domino effect ...