Business

Elon Musk internally announced that about 500 people, or the entire team that works on superchargers for Tesla, were being let go this week, according to The Financial Times.

An indictment naming Roger Ver—“Bitcoin Jesus”—has been unsealed in federal court. Ver has been charged with mail fraud, tax evasion & filing false tax returns.

Qantas says it’s working to resolve an issue impacting its app, after reports surfaced of a potential privacy breach.

Australian fintech company Airwallex is launching a program for local startups to boost their growth, with grants and perks on offer.

Just ten cities are home to nearly a quarter of the world’s billionaires. Here’s where they choose to live.

Budget airline Bonza Aviation, which launched in January 2023, has temporarily suspended its services.

By organizing challenges and pre-screening small nonprofits, Lever for Change has helped a handful of billionaires shift some giving towards global grassroots organizations.

Tesla could start selling its humanoid Optimus robot by the end of next year and one day will rake in more cash from robots than cars, CEO Elon Musk told investors on Tuesday, another ambitious claim from the billionaire that experts said might just be within the realm of possibility—though is highly unlikely to make the carmaker any money in the near future.

Republic First Bancorp was seized by Pennsylvania regulators Friday, following a failed deal earlier this year to infuse the Philadelphia-based regional bank with new funds, amid a decline in deposits and a struggling mortgage lending business.

Tech stocks on Wall Street defied sticky inflation Friday to post their biggest gain in more than two months—easing market anxiety about a slowdown in economic activities—after blockbuster first-quarter earnings and continued betting on artificial intelligence fired up the valuations of major companies.