Business
All the latest news stories about the business world: mergers, IPOs, trends, personalities, and more
Musk loses crown as world’s richest to software giant Larry Ellison
Oracle co-founder Larry Ellison wrested the title of the world’s richest man from longtime holder Elon Musk early Wednesday as stock in his software giant rocketed more than a third in a stunning few minutes of trading. That is according to wealth tracker Bloomberg. A college dropout, the 81-year-old Ellison is now worth $393 billion, Bloomberg says, several billion more than Musk, who had been the world’s richest for four years. The switch in the ranking came after a blockbuster earnings report from Oracle. Forbes still has Musk as the richest, however, valuing his private businesses much higher.
Cracker Barrel Pauses Restaurant Remodels After Logo Drama
Cracker Barrel has officially paused all restaurant remodels after customer backlash to its sleek new logo and updated design.
iPhones, AirPods & Watches, Oh My! Apple Unveils New Products
Apple had a big day Tuesday, unveiling a fresh batch of gadgets — and yes, there are four new iPhones in the mix.
Jamie Dimon Says Economy Shows Signs of Slowing
JPMorgan CEO Jamie Dimon said the U.S. economy is showing signs of slowing, following a sharp Labor Department revision that slashed job growth estimates.
The Man Studios Listen To: Kevin Goetz on Testing 3,000+ Films at Screen Engine
Kevin Goetz, CEO of Screen Engine, shares how testing 3,000+ films—including Barbie—helps studios shape stories audiences love.
Apple’s Teases 'Awe‑Dropping' Event with New iPhone Air
Apple is set to unveil new devices this week, headlined by the thinner “iPhone air,” which analysts say could spur upgrades from users of older models.
YouTube Scores 17.3M Viewers in NFL Debut
YouTube’s first exclusive NFL broadcast drew 17.3 million viewers, setting a record for concurrent livestreaming on the platform.
StubHub Looking to Raise $850M as Company Nears $9B Valuation
StubHub Holdings has reignited its initial public offering, planning to offer roughly 34 million shares priced between $22 and $25 each.
Lachlan Ascends: Murdoch Heir Clinches Control of Fox News and WSJ
Rupert Murdoch’s son Lachlan Murdoch will take full control of the family’s global media empire, including Fox News and The Wall Street Journal.
Scaling Prefab with AI: Dextall CEO Aurimas Sabulis Tackles Housing Crisis
Aurimas Sabulis, CEO of Dextall, unveils how AI‑driven prefabricated façades slash design time by 80%, labor by 87%, and accelerate affordable housing delivery.
Home Prices Continue to Rise Despite Declining Sales
U.S. home sales slowed to their weakest pace in nearly 14 years, with rising mortgage rates and affordability concerns affecting market activity.
Jobs Report Underwhelms as Job Growth Stalls
Mark Hamrick of Bankrate helps make sense of the jobs report despite inflation but warns that uncertainty around tariffs could disrupt growth.
Star Trek plans Lego sets for the franchise’s 60th anniversary
Not many franchises have fueled society’s timeless fascination with the boundless possibilities of a utopian future like “Star Trek.”
Robinhood joins new band of companies calling the S&P 500 their home
Online broker Robinhood Markets will join the S&P 500 index Online broker Robinhood Markets will join the S&P 500 index as its stock rides higher on a cryptocurrency wave.
How you too can become a Hollywood insider at a test screening
Anyone can sign up to attend a test screening before a movie is completed.
Wealthier Shoppers Increasingly Choosing Discount Chain Stores
Discount chains like Dollar Tree and Dollar General are increasingly attracting shoppers from households earning over $100,000.
Waymo Takes Off: Driverless Taxis to Begin Testing at San Jose Airport
Alphabet’s Waymo will begin testing its autonomous robotaxis at San Jose Mineta International Airport this fall.
