BUSINESS

Kevin O'Leary warns on the 'Diary of a CEO' podcast that excessive taxes on the wealthy could lead to economic decline as high earners and entrepreneurs relocate, impacting government revenue.

SpaceX is set to issue $20 billion in investment-grade bonds to refinance a bridge loan and support its AI expansion, following a historic Nasdaq IPO.

Yann LeCun criticises Elon Musk's xAI as a 'failure' unable to compete with OpenAI or Anthropic, and warns of a looming AI industry 'bubble explosion'.

Leaked records expose Peter Thiel's Dialog network, revealing a secret grading system and a list of influential attendees from business, politics, and technology

Approximately 71,000 UK graduates received incorrect student loan balances due to errors by the Student Loans Company and HMRC. Affected borrowers will have their balances corrected without needing to take action.

A California car tuning firm plans to shut down for a day so staff can play GTA 6 at launch, exposing how deeply Rockstar's next blockbuster is shaping real-world work schedules.

The UK has a centralized regulator with strong protections; Canada relies on provincial rules, resulting in varied access and regulations across regions.

The BBC will cut 1,250 jobs, including 550 news roles, as part of a cost-saving plan aimed at delivering £500 million in annual savings.

IgniteTech's decision to replace 80% of its workforce for resisting AI adoption is changing how businesses innovate. Explore the challenges and benefits of workforce restructuring in the AI era.

Apple CEO Tim Cook says iPhone, Mac, and iPad price hikes are 'unavoidable' as memory chip costs quadruple, leaving US buyers facing a $540-plus Christmas upgrade hit.

Rivian has laid off hundreds of employees shortly after launching its R2 SUV, aiming to cut costs and improve profitability amidst ongoing financial challenges.

Noam Shazeer left Google for OpenAI just months before its IPO. The transformer co-author's exit could reshape pricing for ChatGPT, Gemini, and Copilot users within a year.

A viral video exposes Starbucks' ice-heavy drinks, sparking debates on shrinkflation. As competition rises, Starbucks faces challenges in maintaining market dominance and customer satisfaction.

Elon Musk's latest SpaceX-driven surge has widened the gulf between him and Warren Buffett, with Forbes tracking a huge one-day jump in paper wealth.

A market rally driven by US-Iran deal optimism added £247 billion to the wealth of the world's richest, with Elon Musk gaining £121 billion, largely due to SpaceX's performance.

UK households may soon benefit from cheaper fixed energy deals as wholesale gas prices drop, following eased US-Iran tensions. However, the energy price cap remains high, limiting immediate savings.

Morpho, founded by Josh Fairbairn, helps founders build high-quality products from scratch, navigating manufacturing's complexities to create the right, not the most, products.

Ford is recalling over 125,000 vehicles due to incomplete recall repairs, affecting F-150, Escape, Focus, and Fusion models, posing risks of fire, crashes, and injuries.

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.