Picture a “cloudless” day—not in the meteorological sense, but one in which digital operations come to a sudden, catastrophic halt. Financial transactions stall. AI applications lose access to data. Supply chains slow, and customer experiences suffer. It may sound improbable, yet recent events suggest otherwise. In 2024, subsea cable damage caused widespread internet outages that
Elon Musk spent a fortune on the doomed GOP midterms, but his losses are still piling up days later as SpaceX and Tesla shares tank. The rout in both Tesla and SpaceX continued for a second day on Thursday, with both stocks tumbling in the aftermath of the blue wave that swept the Democrats back
An ambitious joint venture to bring U.S. stocks onto the blockchain appears to be on life support. The venture, cochaired by former New York Gov. Andrew Cuomo, and led by crypto firm OKX and the parent company of the New York Stock Exchange, announced plans last month to offer round-the-clock trading of tokenized shares of
Harvey has been taking early steps toward an initial public offering. The legal artificial intelligence startup, which was recently valued at $15.5 billion, has held talks with lawyers at Latham & Watkins about going public, according to two people familiar with the matter. The discussions were preliminary, with no listing imminent, one of the people
Elon Musk directed at least $225 million of his midterm spending to Texas, according to OpenSecrets data NPR reported. Texas is home to the headquarters of Tesla and SpaceX, and on Tuesday its voters handed Democrats the governor’s office, a U.S. Senate seat, and the state House anyway. Democrat Gina Hinojosa unseated three-term Gov. Greg
Citadel churned ahead in a painful month for hedge funds. Ken Griffin’s $77 billion hedge fund gained 1.7% last month, a person close to the Miami-based manager said, pulling its year-to-date gains to 15.3%. That figure so far leads the way among its multistrategy peers, which are known for their ability to manage choppy markets
