Business

Elon Musk, who is developing X into a digital payments platform, has expressed support for the dismantling of the CFPB, the agency that oversees such platforms. If the CFPB is eliminated or weakened, it could benefit Musk's company by reducing regulatory scrutiny and oversight. However, critics argue that Musk's involvement in dismantling the CFPB creates a conflict of interest, as his company would benefit financially from the agency's absence.

Published on: February 11, 2025, 11:02 AM UTC

Discover the latest tech gadgets, reviews, and news from WebMD. Learn about the latest smartphones, laptops, and other tech gadgets, and get expert advice on choosing the best device for your needs.

Published on: February 11, 2025, 11:00 AM UTC

Elon Musk appears to be helping dismantle the agency that would oversee his company's digital payments platform. The move has raised concerns about potential conflicts of interest and the impact on consumer protection.

Published on: February 11, 2025, 10:02 AM UTC

Trump's reciprocal tariffs plan could impact US trading relationships globally, with countries with high average tariffs being particularly affected. The plan's detayls and implementation remain unclear, but it has the potential to disrupt trade and lead to bureaucratic challenges.

Published on: February 11, 2025, 10:01 AM UTC

January was not the boom month Wall Street anticipated under Trump 2.0. Dealmaking slowed, tax breaks for hedge funds/private equity firms are threatened, and big banks face scrutiny over "debanking" customers.

Published on: February 11, 2025, 10:01 AM UTC

BP plans a significant strategy reset after falling profits and shareholder pressure. The oil giant will focus on cash flow and returns, while exiting wind energy and doubling down on fossil fuels. Read more at The Telegraph.

Published on: February 11, 2025, 09:00 AM UTC

US stocks rebounded Monday as investors looked beyond President Trump's latest tariff threats, including new levies on steel and aluminum imports. The Dow Jones Industrial Average (^DJI) added nearly 0.4% after the blue-chip index on Friday booked its worst loss in nearly four weeks. The S&P 500 (^GSPC) rose roughly 0.6%, while the Nasdaq Composite (^IXIC) popped nearly 1% as shares of AI chip giant Nvidia (NVDA) surged 3%, along with other tech stocks.

Published on: February 11, 2025, 08:02 AM UTC

OpenAI CEO rejects Elon Musk's $97.4 billion offer to acquire the non-profit AI research company.

Published on: February 11, 2025, 08:02 AM UTC

Coca-Cola (KO) Q4 Earnings Preview: Revenue, Earnings, and Analyst Estimates

Published on: February 11, 2025, 08:02 AM UTC

Elon Musk, who plans to turn his company X into a digital payments platform, appears to be dismantling the agency overseeing that sector. The Trump administration has ordered a halt to work at the CFPB, which regulates large banks, mortgage lenders, student loan servicers, and online payment apps. Musk has supported this move, tweeting "CFPB RIP" and calling for its closure. The agency has also clashed with Silicon Valley, leading to calls for its dismantling. Critics worry that this move will benefit Musk by freeing his company X from government scrutiny.

Published on: February 11, 2025, 08:01 AM UTC