BUSINESS

Bernard Arnault, the chairman and CEO of French luxury goods giant LVMH (LVMHF), has become the world's richest man, dethroning Elon Musk on Bloomberg's list of the world's wealthiest people.

In Musk's efforts to make Twitter more profitable and cut costs, rent has not been paid at its offices, and employees have been instructed to stop paying vendors, outstanding balances for private plane flights, and severance packages.

"That tweet followed what I believe to be a month of sustained negative PR onFTX largely being driven by Binance," Bankman-Fried's leaked testimony read, with the crypto executive pointing Binance as the culprit behind the negative PR against him and his empire.

With inflation in the U.S. easing and the Federal Reserve preparing to slow down the pace of interest rate hikes and eventually halting them together, it may be time for U.S. investors to nibble into emerging market equities like those of Pakistan and India.

Tesla shares closed at $160.95 Tuesday.

The new CEO also admitted the company had "no record-keeping whatsoever" under former CEO Sam Bankman-Fried.

The stamp will feature a photo of Lewis that appeared in Time magazine in 2013.

U.S. stocks rose modestly after initially surging Tuesday after the consumer price index reported a slower rise than expected.

Snickers released a new protein bar with 20 grams of protein.

Elon Musk is no longer the world's wealthiest person. LVMH CEO Bernard Arnault now holds the title with a net-worth of $188.6 billion.

U.S. stocks and bonds staged a strong rally on Tuesday morning following the release of new consumer inflation numbers by the Bureau of Labor Statistics showing that price hikes across the economy are easing.

The recalled Art of Green laundry detergent products may contain bacteria, including Pseudomonas aeruginosa.

Twitter Blue's initial launch in November was hallmarked by a large influx of impersonation accounts.

Dow Jumps, Shaking Off Worst Week Since September

Business leaders have a new chapter in the playbook that can help shield them from the worst of the recession ahead: the data chapter.

Twitter will be auctioning off miscellaneous office items from its San Francisco headquarters, allowing buyers to bid on espresso machines and sculptures alike.

There's no such thing as "too safe" when it comes to baby's formula, ByHeart warns.

Zeekr lodged its filings with U.S. regulators last week and is planning to go public in New York as early as the second quarter of 2023.

India still needs to be ready to place this role, especially in the semiconductor sector, which is at the center of the U.S. and China trade antagonism.

What's troubling stockholders is that sales for the quarter didn't grow as fast as management expected, leaving $1.7 billion on the shelves, almost twice as much as the third quarter of 2021.

The merger may adversely affect consumers and local communities.

U.S. stocks dipped Friday amid continued uncertainty over the direction of the economy and ahead of next week's Federal Reserve meeting.

CEO of Penguin Random House, Markus Dohle, will step down by the end of the year after a judge blocked a planned $2.2 billion merger with competitor Simon & Schuster.

Sam Bankman-Fried says he is willing to testify before the U.S. House Financial Services Committee about the collapse of the cryptocurrency exchange.

The U.S. economy was dealt another inflationary setback Friday with the release of the elevated Producer Price Index.

Elon Musk previously said that the Tesla employees' work on Twitter was "just a voluntary thing."

The truth is that both extremes are possible, as are a range of possibilities somewhere in between.

There were reports of the laminators catching fire, some of which caused 'minor property damage.'

One investor called Musk's position at Twitter a "distraction" from his duties at SpaceX and Tesla.