Business

Elon Musk has reportedly bought 3,500 acres near Austin, Texas, to build a utopia to house his employees. It's called Snailbrook.

Elon Musk reportedly plans to build Texas ‘utopia’ town for employees

Six individual shoes worn by NBA legend Michael Jordan during the clinching games of his NBA Finals victories are set to go on sale.

Michael Jordan championship shoe collection expected to sell for $100M

On Thursday, Silicon Valley Bank lost 60% of its stock, wiping out over $80 billion in value from bank shares.

Bank stocks dip globally, cartel apologizes for kidnappings: March 10 rundown

As Funko proves, companies don't always unload excess inventory by marking down prices. Here are the companies that dumped product in Five For Friday.

As Funko destroys $36M in toys, here’s why these 5 companies trash merch

After shooting down China's spy balloons in the sky, the government is now setting its sights on TikTok, the popular Chinese app.

TikTok ban gains White House support but could face constitutional challenges

X is facing more advertisers leaving after Elon Musk's endorsement of an antisemitic post led to brands suspending advertising.

FTC demands Twitter communications related to Musk, names of journalists

January job openings dipped down to 10.8 million. That is still historically high but is 10% below the peak of 12 million in March 2022.

Job openings in January fall to 10.8 million, still high, as layoffs rise

The author of the popular "Goosebumps" series denies editing his original works to be more politically correct.

‘Goosebumps’ author denies reports of editing books

After its catastrophic investment with Juul lost it more than $12 billion, Altria is branching out to buy vape startup NJOY for $2.75 billion.

Marlboro maker Altria doubles down on vape bet after losing billions with Juul

Officials in the U.S. and Europe now suspect that a pro-Ukraine group is responsible for damaging the Nord Stream pipelines.

Intel report on Nord Stream culprit, bill outright bans TikTok: March 8 rundown

Student loans have been paused for three years. Now, SoFi, a company that refinances loans is challenging Biden's latest pause extension.

SoFi sues to challenge Biden’s student loan pause

Federal Reserve Chair Jerome Powell warned the Fed could accelerate rate hikes if evidence continues to point to high inflation.

Powell warns Fed could accelerate rate hikes amid inflation, growth

A new Georgia nuclear plant is seeing self-sustaining nuclear fission. According to Georgia Power, one new reactor has begun splitting atoms.

New Georgia nuclear plant begins splitting atoms for the first time

U.S. defense secretary visits Iraq Tuesday, two weeks before the 20th anniversary of the U.S. invasion that ousted Saddam Hussein's regime.

US defense secretary visits Iraq, airline merger antitrust suit: March 7 rundown

More than one in five senior federal employees reported owning or trading stocks that are influenced by decisions their agencies make.

Lawmakers consider stock trading ban for senior officials at federal agencies

FTC swings big against Microsoft, Meta, but may have a losing strategy

Microsoft’s $69B Activision Blizzard deal will reportedly clear EU hurdle

Elon Musk's Neuralink brain chip made to treat paralysis and blindness will not be tested in human trials after the FDA denied the request.

FDA denies Elon Musk’s request to begin brain chip trials in humans

Alex Murdaugh has been found guilty of murder. New York Congressman George Santos in under investigation by the House Ethics Committee.

Murdaugh found guilty, Santos under House Ethics review: March 3 rundown

TD Bank paid $1.2 billion to settle its alleged role in a $7 billion scam. We take a look at the most notorious Ponzi schemes in Five For Friday.

Here are the 5 most notorious Ponzi schemes in history

Senators react after they voted to overturn a Labor Department rule regarding ESG investing for retirement plans.

Senators react after vote to block Biden’s ESG investing rule

After the House and Senate voted to block a Biden administration rule on ESG retirement investing, Biden vowed to veto the legislation.

Biden to use first veto after Congress blocks his ESG investing rule

The White House unveiled a $1.6 billion proposal to recover COVID relief funds stolen via fraud.

Morning rundown: White House targets COVID relief fraud; explosive at PA airport

The Supreme Court will review whether the Consumer Financial Protection Bureau is unconstitutional. The agency was born out of the 2008 financial crisis.

Supreme Court to decide constitutionality of federal consumer watchdog agency

Chicago Mayor Lori Lightfoot lost her reelection bid and the FBI Director released the agency's conclusion on COVID-19 origins.

Morning rundown: Chicago’s mayor loses reelection; FBI’s COVID origins report