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 ...

Business

No price shock for 'GTA VI' as gamers gear up for preorders

Gamers were relieved to learn there was only a minimal price increase for "Grand Theft Auto VI" when preorders launched at midnight Thursday, but some fans and retailers criticized the decision not to provide a physical disk.

Business

EU bets on digital euro to cut US tech addiction

The EU believes a digital euro is the answer to cutting its addiction to U.S. payment systems like Visa and Mastercard, as well as Apple Pay and Google Pay, as the bloc seeks to favor European firms over others.

Business

How digital platforms are turning us into 'data subjects'

Every day, billions of people rely on technologies from Google, Meta, Microsoft, Amazon and Apple to navigate the world. We use them to communicate, work, shop, find information and stay entertained. But, according to media ...

Business

Apple CEO says AI boom makes price increases 'unavoidable'

Outgoing Apple CEO Tim Cook warned that demand for memory chips from the artificial intelligence boom will force the tech giant to increase the prices of its products, according to an interview with The Wall Street Journal ...

Business

Humanizing robots makes factory workers more productive

When factory workers treat industrial robots as co-workers—even attributing certain human qualities to them—productivity and well-being improve, according to new research out of the Alberta School of Business.

Business

Sovereignty fears dog AI enthusiasm at France's Vivatech

Europe's biggest tech trade fair VivaTech opened its doors Wednesday in Paris, putting American billionaire Jeff Bezos front and center on its guest list as enthusiasm for generative AI rubs shoulders with anxiety about the ...

Business

UK imposes rules targeting Google search fairness

Britain's competition watchdog introduced new rules Wednesday requiring Google to be fairer and more transparent in how it ranks search results, as part of moves tackling the technology giant's dominance.