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Business

Latest Business news from around the world

e.l.f. Beauty plans more price cuts to court increasingly cost-conscious shoppers
Business

e.l.f. Beauty plans more price cuts to court increasingly cost-conscious shoppers

After the company cut the price of e.l.f.'s Halo Glow skin tint from $18 to $14, sales picked up nearly 40%.

Katherine Li · 21 May, 2026
SpaceX warns investors that Grok's NSFW AI is risky business
Business

SpaceX warns investors that Grok's NSFW AI is risky business

SpaceX listed the chance that Grok could generate "potential nonconsensual or exploitative imagery" as a risk factor in its pre-IPO paperwork.

Henry Chandonnet · 20 May, 2026
This longtime Musk ally and SpaceX investor is sitting on a $90 billion jackpot
Business

This longtime Musk ally and SpaceX investor is sitting on a $90 billion jackpot

Antonio Gracias, Elon Musk's confidant, may see his firm's SpaceX stake worth $91.6 billion, elevating him among the 30 richest worldwide.

Ben Bergman · 20 May, 2026
The biggest revelations from SpaceX's S-1 filing
Business

The biggest revelations from SpaceX's S-1 filing

SpaceX filed its S-1 on Wednesday, giving the public its first look at the inner workings of Elon Musk's rocket company and AI venture xAI.

Katherine Tangalakis-Lippert,Lloyd Lee · 20 May, 2026
Anthropic is paying SpaceX $1.25 billion a month
Business

Anthropic is paying SpaceX $1.25 billion a month

SpaceX and Anthropic have a major compute power deal valued at $1.25 billion a month, utilizing SpaceX's Colossus data centers for AI growth.

Stephen Council,Charles Rollet · 20 May, 2026
Goldman Sachs grabs the top spot on a SpaceX IPO that could hand banks a record-breaking payday
Business

Goldman Sachs grabs the top spot on a SpaceX IPO that could hand banks a record-breaking payday

SpaceX is moving to go public this summer and has selected Goldman Sachs to lead its offering, according to its new S-1 filing.

Reed Alexander,Alice Tecotzky · 20 May, 2026
Jeff Bezos' beard just went prime time
Business

Jeff Bezos' beard just went prime time

Jeff Bezos' beard made its CNBC debut on Wednesday. The scruffy look is the latest chapter in the billionaire's style transformation.

Amanda Krause · 20 May, 2026
JPMorgan banker sues ex-colleague for defamation, says her life has been a 'daily, living nightmare' since sexual assault accusations
Business

JPMorgan banker sues ex-colleague for defamation, says her life has been a 'daily, living nightmare' since sexual assault accusations

Lorna Hajdini sued her former colleague for defamation, saying his allegations of assault and resulting internet virality have ruined her reputation.

Alice Tecotzky · 20 May, 2026
Vox's Jim Bankoff explains why he's selling part of his business to James Murdoch
Business

Vox's Jim Bankoff explains why he's selling part of his business to James Murdoch

James Murdoch is buying Vox's podcast business, and New York Magazine. Why not the rest?

Peter Kafka · 20 May, 2026
I got laid off from Meta 3 years ago and spiraled. Here's why it was a blessing in disguise — and what I wish someone had told me then.
Business

I got laid off from Meta 3 years ago and spiraled. Here's why it was a blessing in disguise — and what I wish someone had told me then.

A laid off Meta employee shares how losing her job helped her launch a successful entrepreneurial career. She shares advice for navigating layoffs.

Tess Martinelli · 20 May, 2026
SpaceX's IPO paperwork has landed, our first look inside the finances of Elon Musk's rocket company
Business

SpaceX's IPO paperwork has landed, our first look inside the finances of Elon Musk's rocket company

SpaceX's S-1 paperwork, which pulls back the curtain on the rocket company's finances, is a required step ahead of its hotly anticipated IPO.

Steven Tweedie,Tom Carter,Madeline Berg · 20 May, 2026
Here's why Google DeepMind's CEO thinks the singularity is closer than ever
Business

Here's why Google DeepMind's CEO thinks the singularity is closer than ever

Demis Hassabis, Google's AI chief, shares why society is nearing the AI singularity, highlighting AI's potential at the I/O conference.

Charles Rollet · 20 May, 2026