DETROIT (AP) — Elon Musk’s request to scrap a settlement with securities regulators over 2018 tweets claiming he had the funding to take Tesla private was denied by a federal judge in New York. Judge Lewis Liman on Wednesday also denied a motion to nullify subpoenas of Musk seeking information about possible violations of his […]

NEW YORK (AP) — More workers may soon be able to stake some of their 401(k) retirement savings to bitcoin, as cryptocurrencies crack even deeper into the mainstream. Retirement giant Fidelity said Tuesday that it’s launched a way for workers to put some of their 401(k) savings and contributions directly in bitcoin, potentially up to […]

DALLAS (AP) — United Airlines plans to offer more flights across the Atlantic this summer than it did in 2019, a wager that international travel will bounce back strongly despite the persistent pandemic. United said Tuesday that it will boost transatlantic passenger-carrying capacity by 25% over pre-pandemic levels to a combination of new destinations and […]

Elon Musk, the world’s richest man, is spending $44 billion to acquire Twitter with the stated aim of turning it into a haven for “free speech.” There’s just one problem: The social platform has been down this road before, and it didn’t end well. A decade ago, a Twitter executive dubbed the company “the free […]

Billionaire Elon Musk has reached an agreement to acquire Twitter for approximately $44 billion, the company said. The outspoken Tesla CEO, the world’s wealthiest person, has said he wants to buy Twitter because he thinks it’s not living up to its potential as a platform for “free speech.” He says it needs to be transformed […]

OMAHA, Neb. (AP) — The world’s most expensive lunch will go on sale again this spring when investor Warren Buffett auctions off a private meal to raise money for a California homeless charity one last time. Buffett, Berkshire Hathaway’s CEO, held the lunch auction once a year for 20 years before the pandemic began to […]

NEW YORK (AP) — New York City Mayor Eric Adams says he wants the city to promote its impending legal cannabis industry and assist people from minority communities most affected by marijuana-related offenses to become marijuana entrepreneurs. Adams is set to propose Wednesday that the city spend $4.8 million to reach out to those most […]

Joshua Kushner, younger brother to Jared Kushner, the advisor to former President Donald Trump, has made it onto Forbes’ annual World’s Billionaires List. Josh Kushner is the first member of the Kushner family land a spot on Forbes’ list of the richest people in the world. Neither his more famous brother nor his father, Charles, […]

DETROIT (AP) — Toyota customers soon won’t be able to get U.S. federal tax credits for buying electric or hybrid vehicles. The automaker expects that sometime before the end of June it will reach a 200,000-vehicle cap on the credits, Bob Carter, Toyota’s head of North American sales, said Wednesday. After that, the credits will […]

WASHINGTON (AP) — Federal Reserve officials are signaling that they will take a more aggressive approach to fighting high inflation in the coming months — actions that will make borrowing sharply more expensive for consumers and businesses and heighten risks to the economy. In minutes from their policy meeting three weeks ago released Wednesday, Fed […]