Billionaire Tesla CEO Elon Musk acknowledged Thursday he is “not sure” he’ll actually be able to buy Twitter, hours after he made an offer to acquire the company.
Asked by TED’s Chris Anderson if there was a “Plan B” if his current offer were rejected, Musk said, “there is.”
Fintech firm Plaid has hired Ripsy Bandourian, formerly a vice president at Booking.com, as its head of Europe.
Plaid’s former head of international, Keith Grose, now focuses largely on running the U.K. business.
The company says it’s planning an “aggressive” expansion in Europe this year.
Electric-vehicle maker Lucid is debuting a new edition of its popular and powerful Air luxury sedan.
The company’s Air sedan has impressed critics in many ways since its launch last fall, in part for the astounding performance of the 1,111-horsepower Dream Edition.
U.S. deliveries of the new Grand Touring Performance model will begin in June.
Biden announced another $800 million in military assistance on Wednesday following a phone call with Ukrainian President Volodymyr Zelenskyy.
Since Moscow’s Feb. 24 invasion, the Biden administration has deployed more than 100,000 U.S. troops to NATO-member countries and authorized $2.6 billion in security assistance.
President Joe Biden’s approval rating slid to a new low of 38%, according to CNBC’s All-America Survey.
His approval rating on the economy dropped for a fourth consecutive survey.
As inflation rises, 47% of participants say the economy is “poor,” the highest number in that category since 2012.
The 47.5% figure includes a hardware platform fee of 30% for sales made through the Meta Quest Store, where it sells apps and games for its virtual reality headsets.
On top of that, Horizon Worlds, will charge a 17.5% fee.
Meta’s fees for the sale of virtual assets on Horizon Worlds are significantly more than the 30% Apple charges developers on its App Store.
Since Russia began its invasion in February, Ukraine hasn’t been hit by any attacks as visibly destructive as those previous hacks of Kyiv energy companies. But Ukraine has faced multiple so-called “wiper” attacks, including ones that have targeted computers in Ukraine’s government, financial institutions and internet service providers. Those attacks also look to mass-delete files from hacked computers.
The Consumer Price Index jumped 8.5% in March 2022 from a year earlier, the fastest 12-month increase since December 1981, the U.S. Department of Labor said Tuesday.
The index is a gauge of rising prices across a swath of U.S. goods and services. A basket of items that cost $100 a year ago would cost $108.50 today, on average.
David Zaslav officially takes over as the new CEO of Warner Bros. Discovery as the company begins trading on the Nasdaq on Monday.
Zaslav is known for his gregarious personality and has been on a monthslong “listening tour” of Hollywood.
Friends say he has a chance to be Hollywood’s next leader with high emotional intelligence, but he’ll have to be careful not to disenfranchise current leadership or get bogged down in minutia.
“It may be the right time for a new man because the industry is changing so rapidly,” longtime Zaslav associate Lloyd Blankfein
Tether plans to reduce its holdings of commercial debt in its reserves, Chief Technology Officer Paolo Ardoino told CNBC.
Tether holds short-term corporate debt but does not disclose from which companies, which has raised transparency concerns.
But Ardoino said Tether, the issuer of the USDT stablecoin, will cut its holdings of commercial paper further than the current 30% of total reserves.
