Business

Just ten cities are home to nearly a quarter of the world’s billionaires. Here’s where they choose to live.

Budget airline Bonza Aviation, which launched in January 2023, has temporarily suspended its services.

By organizing challenges and pre-screening small nonprofits, Lever for Change has helped a handful of billionaires shift some giving towards global grassroots organizations.

Tesla could start selling its humanoid Optimus robot by the end of next year and one day will rake in more cash from robots than cars, CEO Elon Musk told investors on Tuesday, another ambitious claim from the billionaire that experts said might just be within the realm of possibility—though is highly unlikely to make the carmaker any money in the near future.

Republic First Bancorp was seized by Pennsylvania regulators Friday, following a failed deal earlier this year to infuse the Philadelphia-based regional bank with new funds, amid a decline in deposits and a struggling mortgage lending business.

Tech stocks on Wall Street defied sticky inflation Friday to post their biggest gain in more than two months—easing market anxiety about a slowdown in economic activities—after blockbuster first-quarter earnings and continued betting on artificial intelligence fired up the valuations of major companies.

The fifth richest man in Australia is taking leave from the company he co-founded in 2002. Scott Farquhar announced his last day as Atlassian co-CEO will be August 31. The NASDAQ-traded company is valued at $78 billion.

Q1 was the company’s best-ever quarterly profit thanks to whopping 62% year-over-year growth.

Zuckerberg’s net worth drop comes a day after Meta held its first-quarter earnings call, which heavily focused on AI.

In a civil complaint, Beckham claimed he lost over $14 million after F45’s stock price dropped rapidly and was delisted.