Elon Musk’s foray into government during President Donald Trump’s administration marked an unprecedented effort to instigate change within the federal machinery. As the head of the Department of Government Efficiency (DOGE), Musk positioned himself as a visionary, hellbent on slashing unnecessary expenditure and reinvigorating a stagnant bureaucracy. His tenure, while brief at just 130 days,
Enterprise
The recent financial report from Starling Bank has stirred up discussions about the precarious balance between rapid growth and unforeseen challenges in the fintech sector. For the year ending March 31, 2025, Starling announced a pre-tax profit of £223.4 million ($301.9 million), reflecting a significant downturn of nearly 26% compared to the previous year. This
In an audacious step towards the convergence of politics and cryptocurrency, Trump Media recently announced a whopping $2.5 billion fundraising initiative aimed at establishing itself as a formidable player in the financial realm. The announcement has sent ripples through the waters of both investment and crypto communities, marking a significant shift from its original mission
In the high-stakes landscape of artificial intelligence (AI), Chinese tech behemoths Tencent and Baidu are proving that resilience and innovation can thrive even amidst escalating trade tensions and stringent semiconductor export restrictions imposed by the United States. As the landscape shifts with geopolitical tensions and changing regulations, these companies are not just adapting; they are
This past Saturday, X, the social media platform owned by tech mogul Elon Musk, suffered a significant outage that left approximately 25,000 users unable to access the service. Data from the analytics platform Downdetector indicated a spike in user reports, particularly at 8:30 a.m. ET, with the problems persisting intermittently until about 11 a.m. This
Recent comments from former President Donald Trump concerning Apple Inc. have reignited debates around the company’s manufacturing strategies and its reliance on foreign labor. Trump publicly stated that Apple might be subjected to tariffs exceeding 25% on iPhones produced outside the United States. His remarks, posted on Truth Social, emphasized his long-standing expectation that iPhones
In a remarkable development for the cryptocurrency landscape, Hong Kong has taken a monumental step by enacting a stablecoin bill that promises to reshape the regulatory environment for digital assets in the region. As governments worldwide begin to acknowledge the growing significance of cryptocurrencies, this legislation shines a light on the unique position that stablecoins
In a shocking revelation, the Department of Justice (DOJ) unravelled an extensive organized crime operation tied to an Armenian syndicate, intricately involved in the audacious theft of over $83 million worth of cargo from the e-commerce giant Amazon. This scheme, which began as early as 2021, showcases the alarming lengths to which criminal organizations will
Elon Musk, the enigmatic CEO of Tesla, has once again taken the spotlight with ambitious plans to roll out robotaxis in Austin, Texas, by the end of June. During a recent interview with CNBC’s David Faber, Musk laid out the framework for a project that has been generating excitement—and skepticism—since its inception. With promises dating
In the ever-evolving landscape of mobile gaming and digital commerce, the ongoing conflict between Apple and Epic Games over the popular game Fortnite has reached a pivotal juncture. A judge’s recent order has amplified the urgency for both companies to seek an amicable resolution, lest they find themselves embroiled in another lengthy legal battle. It’s