Elon Musk’s artificial intelligence startup xAI is reportedly in talks for a funding round that would value the company at $40 billion. The company, founded by the Tesla and SpaceX mogul last year, was last valued at $24 billion just five months ago after a $6 billion funding round — which was more than double … Read more
More than 250,000 Washington Post readers — or 10% of the newspaper’s customer base — have canceled their subscriptions after owner Jeff Bezos blocked its editorial board from publishing an endorsement of Vice President Kamala Harris, according to a report. Over the weekend, the iconic broadsheet had lost 200,000 subscribers after it was first learned … Read more
Getty Images A Budget packed with announcements ranging from tax and spending to pay and pensions has been announced by Chancellor Rachel Reeves. Much of what she said could affect you and your finances directly, so here’s what it means for you. If you’re on low pay, your wages should rise Minimum wages, paid by … Read more
The UK’s economy is expected to grow slightly faster than expected this year and next year, according to the government’s official forecaster. Presenting the Budget, Chancellor Rachel Reeves said the Office for Budget Responsibility (OBR) predicted the economy would grow by 1.1% this year, up from its previous prediction of 0.8%. The OBR also forecast … Read more
NEW YORK — As he approached his mid-90s, pioneering Black businessman George E. Johnson unexpectedly found himself determined — even called — to write his memoir. Johnson’s “Afro Sheen: How I Revolutionized an Industry with the Golden Rule, from Soul Train to Wall Street” will be published Feb. 3 by Little, Brown and Company. The … Read more
— EV sales and leases tick higher, but Tesla posts a decline in latest quarterly numbers.— Tesla still dominates EV sales in California, accounting for more than half of EV sales and leases. Electric vehicle registrations rose 2% in California for the three months that ended Sept. 30 compared with the year-earlier period, but top-selling … Read more
Renderings of plans for a new development at the Bahia Mar marina in Fort Lauderdale, Florida. Courtesy: ArX Creative A team of developers including Related Group is launching a $2 billion development at the largest marina in Fort Lauderdale, Florida, aiming to create a “mini Monaco,” according to executives. The new development at the Bahia … Read more
A test tube is seen in front of displayed Biogen logo in this illustration taken on, December 1, 2021. Dado Ruvic | Reuters Biogen on Wednesday reported third-quarter revenue and adjusted earnings that topped expectations while raising its full-year profit guidance, as sales of its breakthrough Alzheimer’s drug, Leqembi, and other new products gain traction. … Read more
Miso Robotics’ lab in downtown Pasadena is filled with robots of the past and present. There’s Sippy, Chippy and Drippy. The star of the lab: an updated robot named Flippy that can fry French fries and chicken nuggets much faster than humans. Miso Robotics has a lot riding on its ability to convince fast-food chains … Read more
Mattel, the toy maker behind major brands such as Barbie and Hot Wheels, is upgrading its real estate holdings, moving its studio operations and design center into new homes. The company, headquartered in El Segundo, is planning to move its studio operations to a recently renovated 60,000-square-foot building by 2025. Mattel signed a multiyear contract … Read more