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Economy

Trump Media to merge with nuclear fusion company

Trump Media & Technology will merge with a fusion power company in an all-stock deal that the companies said Thursday is valued at

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Economy

Morning brief: Asia stocks rise, xAI cofounders exit, House tariffs vote looms

Global markets and corporate developments offered a mixed picture on Wednesday as investors balanced resilient Asian equities against political tensions in Washington and

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Economy

Warner Bros. Discovery rejects Paramount’s amended takeover offer

Warner Bros. Discovery on Wednesday rejected Paramount Skydance’s amended takeover offer, the latest in a series of rejections in David Ellison’s pursuit of

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Economy

Saks files for bankruptcy as luxury market struggles

The company that owns the iconic luxury retailer Saks Fifth Avenue filed for bankruptcy late Tuesday. The move comes after Saks Global struggled

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Economy

Valentino, founder of Italian luxury empire, dies at 93

ROME — Italian fashion designer Valentino Garavani has died, his foundation said Monday. Usually known only by his first name, Valentino was 93,

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Economy

Experts see more upside for gold, silver due to weak data and falling yields 

Gold and silver prices increased on Wednesday as US Treasury bond yields dropped after the release of data showing that retail sales growth

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Economy

Trump sues JPMorgan Chase and CEO Jamie Dimon for $5B over alleged ‘debanking’

President Donald Trump on Thursday filed a $5 billion lawsuit against JPMorgan Chase and its CEO Jamie Dimon, claiming that the bank improperly

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Economy

Amazon slashes another 16,000 jobs

Amazon said Wednesday it was slashing another 16,000 jobs across the company in an ongoing bid to restructure the sprawling trillion-dollar firm. ‘The

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Economy

Elon Musk’s SpaceX acquires xAI

SpaceX on Monday acquired xAI, the artificial intelligence startup that also owns the X social media platform, in a deal combining two companies

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Economy

US credit card debt hits record high as household borrowing climbs

American consumers ended the year with a new record in credit card borrowing, as balances rose sharply in the final quarter. Data from

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