PayPal Receives $53 Billion Takeover Offer Involving Stripe
PayPal, which owns Venmo, is the target of what one group of analysts described as a “lowball” offer from Stripe, another payment processor, and Advent, a private equity firm.
War Risk for Businesses Will Mean Higher Prices No Matter What Happens
Doing business in a more dangerous and unpredictable world will cost more, pushing up the price of everything from food to electronics.
SpaceX Falls Below I.P.O. Price of $135
After soaring in its stock market debut, the shares of Elon Musk’s rocket and A.I. company have been rocky.
Goldman’s Former Top Lawyer Calls Epstein a ‘Masterful Liar’
Kathryn Ruemmler, the former general counsel of Goldman Sachs, testified on Wednesday in a closed-door congressional hearing investigating Jeffery Epstein.
Is IBM a Canary in the Tech Coal Mine?
The company tumbled sharply after previewing quarterly results that were disappointing. It’s not good news for software and tech consulting companies.
Oil Prices Tick Higher as U.S. Reinstates Iran Blockade
The United States reinstated its blockade on Iranian ports in the Strait of Hormuz and shipping slowed to a crawl amid the renewed warfare in the critical waterway.
China’s Chip Champion to Raise Billions in Race for A.I. Control
CXMT, a linchpin in China’s drive to develop homegrown artificial intelligence technology, is aiming to raise nearly $10 billion in a blockbuster public offering in Shanghai.
What Trump’s New Iran Blockade Could Mean for Oil Prices
The first blockade in April choked off Iranian exports without causing a lasting price surge. Now global oil reserves are lower, and ships face heightened risks.
The American E.V. Has Been Crushed. Will It Take the U.S. Auto Industry With It?
The largest U.S. automakers have backed away from electric vehicles, even as global sales are booming. The decision may make them obsolete.
From Twitter to X: 20 Years of Memes, Movements and Hot Takes
The first tweets from the public appeared on July 15, 2006, several months after a soft launch. It was rebranded as X after being acquired by Elon Musk.
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