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It’s official: Elon Musk is combining SpaceX and xAI as he overhauls his sprawling business empire.Musk told workers in a Monday memo that SpaceX has acquired xAI, his AI company, sources familiar with the matter confirmed to Business Insider.The CEO wrote that the deal would create “the most ambitious, vertically-integrated…
Amazon started notifying impacted employees on Wednesday morning as part of its plan to cut 16,000 corporate jobs, according to messages from affected employees shared with Business Insider.Employees in the US, UK, and India received emails from Amazon HR chief Beth Galetti stating they will continue to receive full pay…
Bumble’s chief product officer is out as the result of a recent leadership restructuring within the dating app company, Business Insider confirmed.Michael Affronti, Bumble’s chief product officer and one of two executives who remained after Whitney Wolfe Herd was reinstated as CEO, has left the company after a year in…
Federal Reserve Chair Jerome Powell sent a letter dated July 14, 2025, to key senators on the Banking, Housing, and Urban Affairs Committee, following his testimony before Congress about renovations to the central bank buildings.In it, the Fed chair gave lawmakers a detailed and expansive response to inquiries about the…
2026-01-05T18:53:25.776Z Share Copy link Email Facebook WhatsApp X LinkedIn Bluesky Threads lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log…
A proposed billionaire tax in California has the wealthy threatening to flee, according to a letter written by power lawyer Alex Spiro to Gov. Gavin Newsom.In a December 11 letter that was obtained by Business Insider, Spiro lays out his opposition to the proposed tax on behalf of his clients,…
