Topline The five richest people in the world are worth nearly a combined $46 billion less Thursday afternoon due to a market sell-off spurred by dumping of artificial intelligence stocks, mixed fourth quarter results from Disney and general economic uncertainty as the longest government shutdown in American history comes to an end. Elon Musk, the…
TOKYO (AP) — Japanese technology giant SoftBank said Tuesday it has sold its stake in Nvidia, raising $5.8 billion to pour into other investments. It also reported its profit nearly tripled in the first half of this fiscal year from a year earlier. Tokyo-based SoftBank Group Corp. said it sold the stake in Silicon Vally-based…
As the rich get richer and their net worth fluctuates every day, billionaires do not shy away from luxuries. While an EV giant sets out to become the world’s first trillionaire, the other conducts speedboat races, these billionaires have spent nine-figure amounts on leisure activities. These aquatic palaces aren’t just luxury rides, but a status…
Tesla CEO Elon Musk and Oracle co-founder Larry Ellison have recently engaged in an unofficial battle for the title of the wealthiest person on the planet, with each amassing a net worth of around $400 billion. But following the news of Musk’s eye-popping compensation package proposal, he may soon run away with that title with…
Senator Bernie Sanders has criticized Meta, Amazon, Google and other tech giants over their push into artificial intelligence (AI) and robotics, which he says threatens large-scale job losses for American workers. In a post on microblogging platform X (formerly Twitter), Sanders specifically called out Tesla CEO Elon Musk, Meta CEO Mark Zuckerberg, OpenAI CEO Sam…
WASHINGTON (AP) — President Donald Trump has signed an executive order that he says will allow TikTok to continue operating in the United States in a way that meets national security concerns laid out by the law. President Joe Biden signed legislation last year calling for China’s ByteDance to sell TikTok’s assets to an American…
“Maybe 10 years ago, he was like, ‘I want Marco Rubio to be president,’” the same source says. Many players first started hearing of Ellison in the lead-up to the 2024 Republican presidential primary. At that point, after years of donating to both parties, Ellison was seen internally as doing Trump a small favor by…
US President Donald Trump said prominent billionaires – including media mogul Rupert Murdoch and tech founder Michael Dell – could be part of a deal in which the United States will take control of US operations of TikTok. Trump name-dropped the 94-year-old Murdoch and his son Lachlan Murdoch, the head of Fox News and News…
U.S. President Donald Trump speaks in the Oval Office at the White House in Washington, D.C., U.S., Sept. 19, 2025. Ken Cedeno | Reuters President Donald Trump said in an interview that aired Sunday that conservative media baron Rupert Murdoch and his son Lachlan are likely to be involved in the proposal to save TikTok in…
The US and China are closing in on a deal to avoid a US ban of TikTok – and it will include China allowing US techies to replicate and replace the wildly popular app’s secret-sauce recommendation algorithm, On The Money has learned. Top White House officials confirmed on Monday they’ve settled on a “framework” for…