Business

A lawsuit filed by Elon Musk’s company X against the nonprofit watchdog group Media Matters has been scheduled for trial in April 2025, as per a court filing. The US District Court for the Northern District of Texas issued an order on Thursday, setting the date for the trial. This case revolves around Media Matters’ research, which highlighted antisemitic and …

Over the past two decades, buying a home has become significantly more challenging in many countries, especially in the United States. A recent report highlights the struggle of potential home buyers by designating certain major cities as “impossibly unaffordable.” This report analyzed the gap between average incomes and average home prices. It found that the surge in demand for homes …

Samsung Electronics has announced that its contract manufacturing division will provide a streamlined service for producing AI chips faster by integrating its leading memory chip, foundry, and chip packaging services. This integration is designed to capitalize on the growing demand for AI technology. By allowing clients to communicate through a single channel that coordinates Samsung’s memory chip, foundry, and packaging …

Former U.S. President Donald Trump recently spoke to an influential group of CEOs, expressing his desire to further reduce the corporate tax rate, which he initially lowered during his tenure. Concurrently, President Joe Biden’s chief of staff, Jeffrey Zients, emphasized the benefits of Biden’s focus on global alliances for their businesses. Both Trump and Zients met privately with the Business …

The artificial intelligence startup Perplexity AI has secured substantial funding from notable tech investors, including Jeff Bezos, aiming to challenge Google’s dominance in the search engine market. However, Perplexity’s AI-driven search chatbot is already encountering hurdles as news media companies object to its business practices, and tech giants like Google and Apple integrate similar AI features into their products. Perplexity …

On Thursday, Tesla shareholders voted to reinstate CEO Elon Musk’s substantial $44.9 billion pay package, previously invalidated by a Delaware judge earlier this year, reflecting a strong vote of confidence in his leadership. Despite the favorable vote, Musk’s compensation is likely to remain in legal limbo for months as Tesla attempts to overturn the Delaware judge’s decision. Musk’s commitment to …

On Thursday, the UK introduced numerous new sanctions to hamper Russia’s ongoing war in Ukraine, including targeting Moscow’s primary stock exchange. This move came a day after the US announced similar measures. The UK outlined 50 new restrictions as part of a “coordinated action with G7 partners,” coinciding with the Western-led bloc’s leaders’ meeting in Italy. These sanctions aim to …

Tesla shareholders are set to decide on an all-stock compensation package for CEO Elon Musk, which was previously dismissed by a Delaware judge. Approving this package would likely ensure Musk’s continued leadership at Tesla, where he has driven the company to the forefront of electric vehicles and is now focusing on AI and robotics, including autonomous vehicles, which he claims …