Financial News, Advice & Market Insights
Elon Musk’s artificial intelligence company, xAI, has acquired the social media platform X (formerly known as Twitter) in an all-stock transaction valued at $45 billion, including $12 billion in debt.
Recent reports indicate a significant decline in U.S. consumer confidence, reaching its lowest point in over four years.
On Friday, March 28, 2025, U.S. stock markets experienced significant declines due to escalating trade tensions and persistent inflation concerns.
As the April 3 implementation date for the 25% tariffs on imported vehicles approaches, U.S. consumers are rushing to dealerships to purchase cars before anticipated price increases take effect.
More Articles
- ChatGPT and X hit by outage at online security group Cloudflare
San Francisco-based company blames incident on ‘spike in unusual traffic’ to one of its services
- Crypto market sheds $1.2tn as traders shun speculative assets
Bitcoin drops 28% in six weeks as broader reversal in digital assets followed by slide in Asian equities
- Elliott builds stake in gold miner Barrick
Activist investor encouraged by idea that the miner could split into two companies under new leadership
- Fund managers warn AI investment boom has gone too far
Bank of America survey shows a majority of investors think companies are spending too much on AI infrastructure
- Larry Ellison scales back £10bn Oxford science institute in leadership rift
Trump-supporting billionaire narrows EIT’s ambitions by cutting initiatives and tightening control
- Lawrence Summers to step back from public roles over ties to Epstein
Former US Treasury secretary sought paedophile’s advice over relationship he was pursuing
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