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Friday, November 21, 2025
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Musk’s xAI buys social media platform X for $45 billion

(Reuters) - Elon Musk said on Friday that his xAI has acquired X, the social media app formerly known as Twitter, in an all-stock transaction for $45 billion, including debt. (Reporting by Seher

Trump pardoned BitMEX co-founders, White House official says

(Reuters) - U.S. President Donald Trump has pardoned the three co-founders of cryptocurrency exchange BitMEX, a White House official said on Friday. CNBC was the first to report earlier in the day

Exclusive-Blackstone evaluates taking a stake in US TikTok spinoff

By Dawn Chmielewski, Katie Paul and Kane Wu (Reuters) -Private equity firm Blackstone is evaluating taking a small minority investment in TikTok's U.S. operations, according to two people familiar

Exclusive-Blackstone evaluates taking a stake in US TikTok spinoff, sources say

By Dawn Chmielewski, Katie Paul and Kane Wu (Reuters) -Private equity firm Blackstone is evaluating taking a small minority investment in TikTok's U.S. operations, according to two people familiar

Musk’s X back up after brief outage hits US users, Downdetector shows

(Reuters) - Social media platform X on Friday recovered after a short outage that impacted thousands of users in the U.S., according to outage tracking website Downdetector.com. The disruptions eased

Musk’s X down for tens of thousands of US users, Downdetector shows

(Reuters) - Elon Musk's X was down for tens of thousands of users in the U.S. on Friday, according to outage tracking website Downdetector.com. There were more than 53,000 incidents of people

Chipmaker Wolfspeed’s shares hit 27-year low over uncertain federal funding

By Kritika Lamba (Reuters) - Wolfspeed's shares lost half their value on Friday, hitting their lowest level since 1998, as funding through a Joe Biden-era legislation that promised subsidies for chip

CoreWeave valued at $22.7 billion as shares dip in muted Nasdaq debut

By Echo Wang, Krystal Hu, Niket Nishant and Manya Saini (Reuters) -CoreWeave's shares opened nearly 3% below their offer price in its Nasdaq debut on Friday, giving the Nvidia-backed AI infrastructure

PayPal’s shares slide as EU lawmaker raises prospect of new fees amid trade tensions

By Manya Saini (Reuters) -PayPal's shares fell 5% on Friday after comments from a European Union lawmaker raised concerns that payments firms could get swept up in escalating trade tensions and

Nvidia-backed CoreWeave’s shares open nearly 3% lower in market debut

(Reuters) - CoreWeave's shares opened nearly 3% below their initial public offering price on the Nasdaq on Friday. The Nvidia-backed AI infrastructure firm was valued at $22.7 billion on a fully

On Camera

Trump’s 28 points for Ukraine add up to a no-go at peace

Two questions are pertinent: Why does the Trump administration keep making the same mistakes on the peace proposal? And what does a hurried peace plan mean on the ground?

At Charcha 2025: Local entrepreneurship, not just big IT, will drive next wave of distributed AI work

While global corporations setting up GCCs in India continue to express confidence in availability of skilled AI engineers, the panel argued that India’s real challenge lies elsewhere.

Tejas fighter aircraft crashes at Dubai Air Show, IAF confirms pilot’s death

This is the second such incident after a Light Combat Aircraft (LCA) Tejas had crashed into a hostel on the outskirts of Jaisalmer in March last year.

INDIA has a Congress-sized hole. And the fix begins with a little humility

Without a Congress revival, there can be no challenge to the BJP pan-nationally. Modi’s party is growing, and almost entirely at the cost of the Congress.