Category: Musk, Elon

Will the Fed Raise Interest Rates During a Banking Crisis?

The central bank’s decision on interest rates on Wednesday is shaping up to be the most consequential of the Jerome Powell era.
Twitter’s Discussions Over Licensing Music Said to Stall Under Elon Musk

Twitter didn’t move forward with the music licensing deals because of costs, people with knowledge of the matter said.
China’s New Premier Needs to Revive Growth. How Far Will Loyalty Get Him?

Li Qiang’s business-friendly reputation could bolster confidence in China’s economy. But he is stepping into a role with diminished power under Xi Jinping.
Investors Fear a Recession Spurred by the Fed’s Inflation Fight

Investors were alarmed at suggestions by Jerome Powell, the Federal Reserve’s chairman, that interest rates could go even higher in a bid to halt inflation.
Elon Musk Says Twitter’s Finances Improving After Big Cuts

Twitter’s owner says the company is recovering after a sharp drop in ad sales. But its revenue is still far short of its level in 2021, before he took over.
Tesla Could Start Making Cars in Mexico Next Year, Governor Says

The governor of Nuevo León said a Tesla official had told him that the company’s plant there would be among its biggest and go up in record time.
As A.I. Booms, Lawmakers Struggle to Understand the Technology

Tech innovations are again racing ahead of Washington’s ability to regulate them, lawmakers and A.I. experts said.
Tesla to Unveil New ‘Master Plan’ in Bid to Regain Momentum

Elon Musk is expected to announce plans for a new factory in Mexico and an array of other measures to win back investors’ favor.
Salesforce Faces Mounting Investor Pressure As Profits Sag

The software giant faces mounting pressure from activist investors and pushback from employees unhappy about a wave of firings and the scaling back of office perks.
‘Sometimes Things Break’: Twitter Outages Are on the Rise

Elon Musk’s repeated job cuts are stoking new fears that there aren’t enough people to triage Twitter’s problems.
How Biden Is Seeking to Reshape Business via the CHIPS Act

Big strings are attached to funding for chip makers, meant to bolster Democratic priorities including child care for workers and discouragement of stock buybacks.
Elon Musk Accuses Media of Bias for Dropping ‘Dilbert’

The Tesla and Twitter chief called the media racist as newspapers stopped running “Dilbert” after the comic strip’s creator, Scott Adams, described Black people as a “hate group.”