Month: July 2022

Before the Tesla CEO’s billion-dollar battle over Twitter, another fight broke out over how his charitable giving should be managed. Ex-professional gambler Igor Kurganov became a top Musk adviser on giving his fortune away. Jared Birchall, his wealth manager and key player in financing the bid for Twitter, wanted him out.

The administration had planned to use fiscal legislation to advance a deal struck last year by Treasury Secretary Janet Yellen and more than 130 other countries.

The U.S. economy has more e-commerce and white-collar jobs than in early 2020, but restaurant and government employment lag behind.

Starlink has sent thousands of internet-connectivity kits into Ukraine, turning it into a high-profile testing ground for the service, which it is trying to sell in other countries around the world.

A robust job market and strong household savings have shielded consumer spending so far, but it is endangered by inflation that now has some households running scared.

Inflation just hit a four-decade high. Mining more than 100,000 data points from the consumer-price index reveals some nuance. A guide to what’s up—and what’s next.

Lawyers for Elon Musk filed a motion opposing Twitter’s request, their first public response to the lawsuit filed earlier this week by the social-media company seeking to enforce the terms of their $44 billion deal.

The Dubai carrier had issued a stark rebuke of the airport this week, refusing to cut flights.

Shoppers boosted retail spending in June even though they faced higher inflation and an uncertain economic outlook.

The deal is a milestone in Microsoft’s renewed push in online advertising and a vote of confidence in the acquisitions it has pursued to bolster its standing.