Elon Musk, the world’s richest man, said it’s hard to be him. Musk made the comment while speaking to the B20 business forum ahead of the G20 Summit. It’s likely hard to juggle being the CEO of Tesla, SpaceX and Twitter, but critics say some of Musk’s problems are self-induced, particularly the current kerfuffle over…

At a major weapons exhibition in China, the country’s top missile maker unveiled an all-round anti-drone system. Developer China Aerospace Science & Industry Corporation (Casic) said the anti-unmanned aerial vehicle (UAV) system as a full skill set of “detection, reconnaissance, interference, control, interception and assessment” against all types of UAVs. “The anti-UAV system … can…

President Joe Biden said Elon Musk’s relationships with other countries, specifically his acquisition of Twitter with help from a Saudi Arabian conglomerate, is “worthy of being looked at.” President Biden was asked about the topic at a White House press conference Wednesday. “I think that Elon Musk’s cooperation and/or technical relationships with other countries is…

Space is now just a little more crowded. This week, both the United States and China launched rockets as competition between the two nations intensifies. SpaceX’s Falcon Heavy launched satellites Tuesday from the Kennedy Space Center in Florida. China launched a module to complete its space station. Most of the details around Falcon Heavy’s payload…

Elon Musk wasted no time putting his stamp on his new social media company this week, moving in everything including the kitchen sink and firing top executives at Twitter. Thursday was Twitter’s last day as a publicly traded company; on Friday, Twitter’s stock went dark. As the $44 billion transaction closed Thursday, Musk fired Chief…

When a company hits Wall Street by initial public offering (IPO), it is usually seen as a sign of strength. But sometimes, firms go the opposite direction by taking the company private again. SpaceX and Tesla CEO Elon Musk plans to take Twitter private as part of his $44 billion acquisition of the company. Musk…

The House committee investigating the Jan. 6 Capitol riots has subpoenaed former President Donald Trump; European and world leaders sounded off on Russia’s threat of World War III; and Elon Musk is under investigation over his acquisition of Twitter. Those stories highlight the Daily Rundown for Friday, Oct. 14, 2022. Jan. 6 committee subpoenas Trump…

Billionaire Elon Musk took to Twitter to offer a peace plan to end the seven-month Russian-led war in Ukraine, an idea that’s sparking outrage on social media and receiving praise from Russian state media. On Monday, Musk tweeted a four-point plan to end the war, which would see Crimea ceded to Russia, assured water supply…

What remains of Hurricane Ian is slowly making its way up the East Coast. Hundreds of thousands of people are still without power in Florida, but help is coming by land, sea and space. Ian could be the most expensive storm in Florida’s history. Early damage estimates were in the $30 to $40 billion range,…

When activist investors take a major stake in a company, the intent is to shake things up. Usually through specialized hedge funds, they flex their shareholder position to advocate for everything from firing CEOs to changing the focus of the business. Here are companies in the throes of activist investors in this week’s Five for…