Elon Musk’s empire might be consolidating. Reports suggest SpaceX could buy AI startup xAI, a simpler move than a potential, far more complex merger with Tesla. The logic is AI, but the financial and regulatory hurdles are massive.
CNBC’s Jim Cramer says the market is set up for a bounce if heavyweight earnings deliver. The week features reports from Disney, AMD, Eli Lilly, Alphabet, and Amazon, capped by the January jobs report on Friday.
Elon Musk is reportedly considering a massive consolidation of his companies. SpaceX is said to be exploring a potential merger with Tesla, or a combination with his AI startup, xAI.
According to a CNBC screen, Palantir and Ralph Lauren are among stocks showing strong earnings momentum ahead of their reports. Both have seen a high number of upward analyst revisions. The question is whether their upcoming results will justify the optimism.
The tech giant and cloud leader are focusing their collaboration on “AI-driven modernization,” not just lift-and-shift. They’re building industry-specific platforms with pre-built components to help regulated sectors adopt agentic AI faster.
The 2023 regional banking collapse sent talent and business flying. With a record $222 billion pouring into AI last year, banks like JPMorgan, Citizens, and Stifel are in an all-out war to capture the next generation of wealthy founders and their companies. It’s a high-stakes battle for early relati
In a candid interview, iRobot’s former CEO Colin Angle argues that regulators “completely preventable” killed his company’s future. He says the drawn-out, 18-month process to block Amazon’s acquisition was a “death blow,” leading to Chapter 11 and a pending sale to a Chinese manufacturer.
A new coworking concept in Midtown Manhattan is targeting CEOs and top executives with a level of service akin to a private club. With travertine, marble, concierge service, and even caviar tastings, it’s designed to eliminate the “little frictions” of work. But it raises big questions about the evo
Comcast has agreed to a massive $117.5 million settlement over a data breach from late 2023. The hack exploited the widespread “CitrixBleed” vulnerability and impacted over 31 million customers. This is a major moment for telecom security and consumer privacy lawsuits.
Apple’s CFO projects 13% to 16% revenue growth this quarter, beating Wall Street’s expectations. However, CEO Tim Cook warns that “lean channel inventory” due to high demand could constrain future iPhone supply.
