Business

Elon Musk is poised to become the world's first trillionaire, with his net worth potentially reaching $1.11 trillion if the initial public offering of SpaceX goes as planned.

Stephen Curry has partnered with Li-Ning for a ten-year deal, ending his sneaker free agency and giving the Chinese sportswear giant a major win, as well as expanding the brand's market share in the US.

The US military may soon be barred from using prediction markets to bet on global events if a draft defense policy bill passes Congress and becomes law, following a high-profile case where a US special forces soldier is accused of using classified information to place bets tied to the capture of Nicolás Maduro.

A new study by the Julian Bond Institute found that young Black and Hispanic Americans have high financial aspirations, but are hindered by structural access issues such as lack of family financial resources, affordable credit, and adequate income.

The Gates Foundation has launched an independent investigation into its ties with convicted sex offender Jeffrey Epstein, and has apologized to staff for the relationship, calling it a "huge mistake".

The Iran war has disrupted global supply chains, causing the world's largest condom manufacturer, Karex, to consider raising prices by 20-30% due to increased costs for manufacturing, packaging, and shipping.

Warner Bros. Discovery shareholders overwhelmingly voted in favor of a Paramount Skydance takeover deal, which is expected to close in the third quarter of the year pending regulatory approval.

Scientific Games and Intralot are locked in a battle over the right to manage Maryland's lottery systems for the next 10 years, with Intralot ultimately winning the bid due to its lower price, but the contract was later reversed due to a technicality, leading to a judge-mediated dispute.

Amazon, JetBlue, United Airlines, USPS, UPS, FedEx, and Maersk are all implementing fuel surcharges to offset increased transportation costs due to the war in Ukraine.

The US labor market is experiencing a 'low-hire, low-fire' state, with job openings decreasing and hires as a percentage of total employment dropping to the lowest rate since 2011, while layoffs and voluntary quits also remain low.