BUSINESS

SpaceX acquires AI startup Cursor for $60 billion, enhancing its position in enterprise AI. The deal highlights Musk's vision for software's role in SpaceX's future.

BlackRock's strategic layoffs align with the financial sector's AI adoption and ongoing expansion through mergers, reflecting a shift towards operational efficiency.

Meta's AI reorganisation and recent layoffs have led to one of the lowest points in staff morale in 20 years, as CTO Andrew Bosworth addresses the challenges facing the tech giant.

Robinhood plans to cut 10% of its workforce to streamline operations, despite strong performance and record trading. The restructure aims to boost efficiency and simplify management.

Elon Musk's SpaceX acquires AI coding startup Cursor for £44.7 billion in an all-stock deal, riding its post-IPO share surge. This move boosts SpaceX's AI capabilities and market position.

The 2026 FIFA World Cup could inject £7.6 billion into Britain's economy, boosting hospitality while posing productivity challenges due to absenteeism and remote working.

Elon Musk's SpaceX has surpassed Amazon in global wealth rankings after a record-breaking IPO and a $60 billion AI acquisition, raising questions about its long-term profitability.

Cursor CEO sold his AI coding startup to SpaceX for $60bn. The MIT dropout became Silicon Valley's fastest-rising tech entrepreneur but tech community is divided over this record-breaking acquisition.

Amazon Prime Day 2026 runs 23 to 26 June, but these five home and kitchen deals, from the Waterdrop A2 to Le Creuset, are already live.

Jelly Roll has filed for divorce from Bunnie XO after nearly 10 years. We compare their net worths, from his music fortune to her podcast empire.

ITA Business Consultants offers year-round tax and business guidance, helping clients move beyond reactive filing to informed financial planning, reducing stress and improving decision-making in a complex financial landscape.

W Group acquires a stake in Spyker, aiming to merge digital innovation with luxury automotive craftsmanship, marking a strategic shift from fintech to premium manufacturing.

Sen. Ed Markey reignites the debate over government subsidies for Elon Musk's Tesla and SpaceX, questioning their reliance on public support amid claims of independence and innovation.

Meghan Markle's As Ever brand is reportedly struggling financially, with declining website traffic and unsold stock raising concerns about potential bankruptcy by year's end.

Joe Rogan's blunt reaction to nearly $45 billion in nonprofit hospital profits has revived scrutiny of tax breaks as CEO pay climbs into the millions.

SpaceX's IPO raised $75 billion, valuing the company at $2.2 trillion. It created nine new billionaires and 4,400 employee millionaires, highlighting unexpected stakeholders like Larry Ellison and Prince Alwaleed.

An American man faces $77,000 in medical debt, job loss, and a declining credit score after a 2025 gunshot injury. His story highlights the broader impact of the US medical debt crisis on financial stability.

Microsoft CEO Satya Nadella cautions against an AI economy dominated by a few models, warning of industry commoditisation and the loss of unique expertise.

SpaceX's IPO, priced at $135 per share, raised $75 billion, valuing the company at $2.1 trillion. Shares surged, boosting Musk's net worth to $1.3 trillion, surpassing Buffett and Gates.

SpaceX's valuation debate intensifies as investors predict a potential worth of $50 trillion, driven by Starship's promise to lower space access costs and enable new industries.

Fox Corporation plans to acquire Roku in a $22 billion deal, enhancing its streaming capabilities. The acquisition awaits regulatory approval and is expected to close by mid-2027.

UK house prices are stagnating as high interest rates and mortgage affordability pressures continue to weigh on buyer demand and market activity.

FIFA faces backlash over the World Cup empty-seats controversy after claiming fans were 'standing elsewhere' to explain visible gaps in stadiums.

Learn proven strategies to grow a loyal audience in crowded markets. Build trust, track data, and expand digital reach with clear positioning.

Meta is cutting 8,000 jobs despite record profits, causing employee frustration. The layoffs coincide with heavy AI investment, raising concerns about company priorities and job security.

A Meta-linked worker's detention by ICE has sparked internal discussions on immigration enforcement and the vulnerability of support staff in tech industry labour networks.

Meta Platforms is facing employee unrest as it cuts jobs and expands its AI unit, with workers expressing dissatisfaction over new roles and intrusive monitoring practices.

Billionaire Mark Cuban backs employee stock options like CEO benefits, sparking debate on corporate equity. Learn how his ventures made employees millionaires and his vision for a fairer system.

Elon Musk says he will not automatically leave his vast fortune or control of his companies to his 14 children, despite becoming the world's first trillionaire after SpaceX's $1.77 trillion IPO.