The entrance to Google’s U.K. offices in London. Olly Curtis | Future Publishing | via Getty Images LONDON — Google is being sued for over £5 billion ($6.6 billion) in potential damages in the U.K. over allegations that the U.S. tech giant abused its “near-total dominance” in the online search market to drive up prices….
A person runs past Dunster House at Harvard University in Cambridge, Massachusetts, March 17, 2025. Scott Eisen | Getty Images The Trump administration on Monday night said it was freezing $2.2 billion in grants to Harvard University over concerns about antisemitism on campus and other issues. The freeze was announced hours after Harvard flatly rejected…
Autoworkers at Nissan’s Smyrna Vehicle Assembly Plant in Tennessee, June 6, 2022. The plant employs more than 7,000 people and produces a variety of vehicles, including the Leaf EV and Rogue crossover. Michael Wayland / CNBC DETROIT — As President Donald Trump’s 25% tariffs on imported vehicles remain in effect despite a pullback this week…
Jakub Porzycki | Nurphoto | Getty Images Ripple on Tuesday said that it’s agreed to buy prime brokerage firm Hidden Road for $1.25 billion, in the crypto startup’s biggest acquisition to date. Founded in 2018, Hidden Road offers clearing, prime brokerage and financing services across foreign exchange, digital assets, derivatives, swaps and fixed income. It…
(L-R) Apple CEO Tim Cook, Vivek Ramaswamy and Secretary of Homeland Security Kristi Noem attend the inauguration ceremony before Donald Trump is sworn in as the 47th U.S. President in the U.S. Capitol Rotunda in Washington, D.C., on Jan. 20, 2025. Saul Loeb | Afp | Getty Images While the stock market broadly fared better…
A trader is comforted by a coworker as they work on the floor of the New York Stock Exchange, March 1, 2018. Eduardo Munoz Alvarez / Getty Images The Magnificent Seven stocks collectively lost more than $1 trillion in Thursday trading, a stunning milestone that underscores how President Donald Trump’s tariff rollout crippled financial markets….
Sam Altman, CEO of OpenAI, at Station F, is seen through glass, during an event on the sidelines of the Artificial Intelligence Action Summit in Paris, France, Feb. 11, 2025. Aurelien Morissard | Via Reuters OpenAI’s massive private funding round could be slashed by as much as $10 billion if the company doesn’t restructure into…
Sam Altman, chief executive officer of OpenAI, during a fireside chat organized by Softbank Ventures Asia in Seoul, South Korea, on Friday, June 9, 2023. SeongJoon Cho | Bloomberg | Getty Images OpenAI on Monday announced it had closed what amounts to the largest private tech funding round on record. The $40 billion financing values…
Elon Musk said on Friday that his startup xAI has merged with X, his social network, in an all-stock transaction that values the artificial intelligence company at $80 billion and the social media company at $33 billion. “xAI and X’s futures are intertwined,” Musk, the world’s richest person, wrote in a post on X. “Today,…
EV cars are pictured inside BYD’s first electric vehicle (EV) factory in Southeast Asia, a fast-growing regional EV market where it has become the dominant player, in Rayong, Thailand, July 4, 2024. Chalinee Thirasupa | Reuters Chinese automaker BYD reported annual revenue of 777 billion yuan ($107 billion) for 2024, leapfrogging U.S. rival Tesla as…
