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 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
Donated red blood cells have a standard shelf life of 42 days, but their quality can degrade much faster. A new dime-sized chip uses acoustic waves to break cells, measuring their health in just two minutes. This could help hospitals use the best blood first.
Bitget Wallet is launching a new payments hub after surpassing 90 million users globally. The move aims to turn the self-custodial crypto wallet into an app for daily spending and money management, challenging traditional banking.
A new AI lab called Flapping Airplanes just launched with a staggering $180 million in seed funding. Its goal is to find less data-hungry ways to train models, betting on research over pure compute scaling.
