“Your capital is safe” in Hong Kong, Financial Secretary Paul Chan Mo-po told wealthy families on Wednesday as he sought to reassure them that Hong Kong is a premier destination for capital investment amid the raging trade war. The so-called reciprocal tariffs imposed by the US on its trading partners underscored Hong Kong’s soundness as…
Elon Musk’s xAI, the artificial intelligence startup trying to take on OpenAI, is facing scrutiny in Memphis, Tennessee, for alleged environmental violations at its data center. In a letter sent to the Shelby County Health Department on April 9, the Southern Environmental Law Center said aerial imagery and other data showed that xAI has installed “a…
White House Senior Advisor, Tesla and SpaceX CEO Elon Musk attends a cabinet meeting held by U.S. President Donald Trump at the White House on March 24, 2025 in Washington, DC. Win McNamee | Getty Images Tesla’s stock just wrapped up its worst quarter since 2022 and suffered its third-steepest drop in the company’s 15…
Shares of CoreWeave, the first artificial intelligence start-up to go public, finished its first day of trading at $40.01 a share, one penny above the disappointing initial public offering price the company had set a day earlier. The company’s share price, trading under the ticker symbol CRWV, signaled concern among Wall Street investors about the…
Elon Musk’s Twitter profile displayed on a computer screen and Twitter logo displayed on a phone screen are seen in this illustration photo taken in Krakow, Poland on April 9, 2022. Jakub Porzycki | Nurphoto | Getty Images A proposed class-action lawsuit against Elon Musk and his family office Excession can proceed in federal court,…
CoreWeave Inc. signage during the company’s initial public offering at the Nasdaq MarketSite in New York, US, on Friday, March 28, 2025. Michael Nagle | Bloomberg | Getty Images It wasn’t supposed to go down like this. The Trump presidency was set to usher in a rush of money to the markets, spurred by a…
JILL CONNELLY / EPA-EFE / Shutterstock.com Jeff Bezos made his fortunes with Amazon, but the billionaire also diversified into other companies, putting a lot of capital into early-stage startups. Some of them went bust, but others have returned his investment many times over. He was one of the first investors in leading companies like Google, Twitter, Airbnb and Uber. I’m a Financial Advisor: 4…
Tesla CEO Elon Musk looks on as US President Donald Trump speaks to the press as they stand next to a Tesla vehicle on the South Portico of the White House on March 11, 2025 in Washington, DC. Mandel Ngan | AFP | Getty Images Tesla CEO Elon Musk turned Delaware’s corporate law into a…
A total of 41 new corporate venture capital funds were registered in the coastal province last year, the highest number among those recorded in 18 mainland provinces in the same period, according to the latest data from CYZone Research Centre in China. Zhejiang has been attracting more investments amid the province’s evolution from e-commerce hub…
Leader of the Department of Government Efficiency Elon Musk wears a shirt that says “Tech Support” as he speaks during a cabinet meeting with US President Donald Trump at the White House in Washington, DC, on February 26, 2025. Jim Watson | Afp | Getty Images Tesla’s stock started off March the way it left…