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Investing

Asides

Trump said a “group of very wealthy people” intends to buy TikTok.

TikTok fights back. Here’s what you need to know about its war against the US

TikTok is waging a legal war against the U.S. government over a new law that could ban it nationwide by January 2025. Here’s everything you need to know.

  • By Alexandra S. Levine
  • Forbes Staff

Australian startup Brainfish lures $3.85m for lightning fast AI chatbot

Website chatbots can be frustrating. Sydney-founded startup Brainfish is working to change that by personalising fast and effective online customer interactions.

  • By Shivaune Field
  • Business Journalist

Gates, Novo Nordisk and Wellcome commit $300 million to climate change, infectious diseases and nutrition

The charitable trifecta — juggernauts of medical funding and philanthropy — warned money and attention for global health problems is drying up around the world and that the world’s poorest will bear the brunt of the challenges to come.

  • By Robert Hart
  • Forbes Staff

Warren Buffett’s talk with shareholders: Cash nears $200 billion while still high on Apple

At Berkshire Hathaway’s first annual shareholders meeting since the death of former vice chairman Charlie Munger, CEO Warren Buffett projected the company’s record-setting cash pile would exceed $200 billion this year and spoke highly of Apple, despite the company’s Saturday earnings report showing it sold off a significant portion of its shares in the tech giant.

  • By James Farrell

Jack Dorsey’s Block will invest 10% of its Bitcoin product profit onto Bitcoin purchases

The announcement came alongside the company’s earnings report, with its nearly$6 billion in first quarter revenue beating expectations.

  • By Antonio Pequeño IV

Jeff Bezos overtakes Elon Musk as world’s second richest person

After jostling for the position of second-wealthiest person in the world more than a dozen times in March, Musk and Bezos are competing closely once again.

  • By Molly Bohannon

Peloton slashes 15% of its staff as CEO Barry McCarthy steps down

The company said it moved forward with layoffs because it “simply had no other way to bring its spending in line with revenue.”

  • By Ty Roush
  • Forbes Staff

Tesla fires supercharger team—Musk says network will grow at ‘slower pace’

Elon Musk internally announced that about 500 people, or the entire team that works on superchargers for Tesla, were being let go this week, according to The Financial Times.

  • By Molly Bohannon

Roger Ver, known As “Bitcoin Jesus,” arrested and charged with tax fraud

An indictment naming Roger Ver—“Bitcoin Jesus”—has been unsealed in federal court. Ver has been charged with mail fraud, tax evasion & filing false tax returns.

  • By Kelly Phillips Erb

Qantas ‘urgently working’ on potential app breach

Qantas says it’s working to resolve an issue impacting its app, after reports surfaced of a potential privacy breach.

  • By Anastasia Santoreneos
  • Journalist & List Editor
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