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On Tuesday, Netflix reported that its growth had slowed for the fourth quarter in a row. Netflix sales are still growing, just not at an acceptable rate for Netflix or Wall Street, which is why its shares dropped seven percent on this report, to a…

Elon Musk says that Tesla and SpaceX have each set up special committees to discuss a possible merger between the two companies he leads as CEO. The Wall Street Journal reports that Musk made the announcement on SpaceX’s quarterly earnings call, saying he is not…

AI startup Anthropic lost more than $80 billion in the first half of 2026, according to a draft IPO prospectus viewed by the Wall Street Journal, even as the AI company’s revenue climbed and it prepared for a possible IPO that could value it at…

A key gauge of future inflation eased in October from September, indicating that the recent surge in inflation may prove to be short-lived. Business inflation expectations, as tracked by the Federal Reserve Bank of Atlanta, declined from 2.4 percent for the year ahead to 2.3…

Minneapolis Mayor Jacob Frey (D) praised Somali migrants as the “CEOs of the future” and claimed that Somalis were being criticized because people see “the kind of economy and entrepreneurship” they are trying to build. While speaking at a Somali Networking Night event, Frey spoke…

Data released by maritime tracking agency Kpler on Wednesday showed that oil exports have reached, and even surpassed, pre-war levels despite resurgent terror attacks by Iran on commercial vessels in the Strait of Hormuz. Kpler reported total oil flows had reached 24.5 million barrels per…

President Trump announced early Wednesday that large data centers will be required to produce their own electricity and share any surplus with the communities around them in the form of a “dividend.” The Wall Street Journal reports that Trump made the announcement in a Truth…

How the AI Backlash Could Make Elon Musk Even Richer On Tuesday, Elon Musk disclosed that SpaceX and Tesla have formed special committees to consider a merger. Combining the two would create a company worth something like $3.5 trillion, bringing together rockets, satellites, electric cars,…

On Wednesday’s broadcast of Bloomberg’s “Balance of Power,” Rep. Sydney Kamlager-Dove (D-CA) responded to Meta CEO Mark Zuckerberg considering leaving the state over a possible wealth tax by stating that there are questions about having a one-time tax, but “it’s disappointing to hear that Mark…

On Wednesday’s broadcast of Bloomberg’s “Balance of Power,” Rep. Sydney Kamlager-Dove (D-CA) said that, in California, “We rely on a small number of people to provide a lot of tax revenue to the state, and that brings with it volatility. So, how we can reform…