World
Elon Musk’s xAI Holdings in talks to raise $20 billion, Bloomberg News reports
The X logo appears on a phone, and the xAI logo is displayed on a laptop in Krakow, Poland, on April 1, 2025. (Photo by Klaudia Radecka/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images Elon Musk’s xAI Holdings is in discussions with investors to raise about $20 billion, Bloomberg News reported Friday, citing […]
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Chinese startup Leapmotor to supply EV platform to state-owned luxury carmaker’s Hongqi brand
Leapmotor has struck a deal with Chinese state-owned automaker FAW to deliver an electric vehicle platform that will be used to drive overseas sales for Hongqi, an emerging national champion, executives from both companies said. The deal brings together an unlikely pairing. Leapmotor, a profitable upstart automaker in China’s crowded EV market, will supply the […]
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Virginia Giuffre, one of Jeffrey Epstein’s most prominent abuse survivors, dies by suicide
Virginia Giuffre, one of the most prominent survivors of Jeffrey Epstein’s sexual abuse, has died by suicide, her family said Friday. Giuffre, 41, died in Neergabby, Australia, where she had been living for several years. Giuffre was one of the earliest and loudest voices calling for criminal charges against Epstein and his enablers. Other Epstein abuse survivors later […]
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Administration is restoring international students’ legal statuses while ICE develops ‘framework’ for terminations
The Trump administration is restoring the legal status of international students who had their records terminated in recent weeks, a government attorney said Friday at a hearing. Elizabeth D. Kurlan, an attorney for the Justice Department, said during the hearing in the Northern District of California in Oakland that records for international students will be […]
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Yale classmates warn Trump Treasury Secretary Bessent he risks enabling descent ‘into fascism’
U.S. Treasury Secretary Scott Bessent takes questions from reporters at the Institute of International Finance (IIF) Global Outlook Forum on sidelines of the IMF and World Bank’s 2025 annual Spring Meetings in Washington, D.C., U.S., April 23, 2025. Elizabeth Frantz | Reuters A group of Treasury Secretary Scott Bessent’s classmates at Yale University urged him […]
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Buy now, stock up or delay: Here’s what consumers are snapping up or putting off in face of tariffs
In an aerial view, Ford Broncos are seen for sale on a lot at a dealership on April 18, 2025 in Austin, Texas. Brandon Bell | Getty Images At car dealerships across the country, consumers are rushing to buy new vehicles ahead of tariff-related price hikes. Some shoppers have also replaced iPhones early. Yet when […]
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Goldman estimates foreign investors were selling U.S. stocks big, but isn’t worried
While Goldman Sachs predicts that foreign investors have dumped more than $60 billion worth of U.S. stocks since March, the firm sees reasons to remain calm. The bank estimated that non-U.S. traders gave up around $41 billion of American stocks on net in March, followed by another $22 billion in April. Fund flow data suggests […]
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Inflation job nearly done but tariff risks loom — What European Central Bank members said this week
Guests and attendeess mingle and walk through the atrium during the IMF/World Bank Group Spring Meetings at the IMF headquarters in Washington, DC, on April 24, 2025. Jim Watson | Afp | Getty Images After years dominated by the pandemic, supply chains, energy and inflation, there was a new topic topping the agenda at the […]
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Russia tests U.S. patience as Trump rushes to clinch Ukraine peace deal in first 100 days in office
U.S. President Donald Trump looks on, on the day he signs executive orders in the Oval Office at the White House in Washington, D.C., U.S., April 23, 2025. Leah Millis | Reuters Nearing the tone-setting 100th day of his second administration at the end of April, U.S. President Donald Trump has ramped up pressure on […]
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Trump signs order to boost deep-sea mining, seeking to break China’s critical minerals dominance
Critical minerals such as cobalt, nickel, copper and manganese can be found in potato-sized nodules at the bottom of the seafloor. Pallava Bagla | Corbis News | Getty Images U.S. President Donald Trump has signed a sweeping executive order to jump-start the controversial practice of deep-sea mining, seeking to offset China’s dominant position in critical […]
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