Elon Musk has never liked Tesla being identified as purely a carmaker — and now he could distance the company even further from its automobile heritage with a deal to invest in his AI startup xAI.
Why it matters: Musk is proposing that Tesla help back xAI, which owns the social media platform X and the ChatGPT competitor Grok.
Elon Musk's xAI hassecured a contract worth up to $200 million with the U.S. Department of Defense, the company announced Monday.
The big picture: The move is a part of the Pentagon's adoption ofadvanced artificial intelligence capabilities to address national security challenges.
The Federal Reserve's $2.5 billion plan to renovate its D.C. headquarters is the latest flashpoint in President Trump's ongoing feud with chair Jerome Powell over interest rates.
Why it matters: Trump previously said he wouldn't attempt to fire Powell until the chair's term ends next year, but investigating the renovation could give Trump ammunition to remove an obstacle to his economic agenda.
The Information on Monday will launch its first live video product, TITV, hosted by reporter Akash Pasricha.
Why it matters: The video format allows The Information to give its readers, who are mostly tech and business professionals, a peek behind the curtain into how the outlet's editorial decisions are made.
The big picture: The Senate is expected to vote on a rescissions package ahead of a Friday deadline that would yank $1.1 billion in funds allocated to CPB, putting a years-long conservative push on the brink of reality.
U.S. tomato prices will likely rise as the country officially retreats from a longstanding trade agreement with Mexico.
Why it matters: Americans buy a lot of tomatoes, and this tariff, which goes into effect on Monday, will likely affect the cost of everything from salsa to Caprese salad.
Electric vehicle advocates on Monday are launching a $43.5 million campaign that touts EVs' benefits — and has a star pitchman in actor Nick Offerman.
Why it matters: The nonprofit EV group Veloz's effort lands as the new budget law ends federal consumer tax credits this fall and Trump 2.0 dismantles other Biden-era EV policies.
After nearing a bear market just three months ago, stocks are expensive again — trading above the value of their underlying assets, with analysts saying we're heading down a frothy path.
Why it matters: Stocks might be rallying on vibes rather than fundamentals, while ignoring headwinds like tariffs. Stocks were only slightly down early Monday despite the administration announcing a 30% tariff on the European Union on Saturday.
Thank Big Tech for helping power the S&P 500 to its eighth record high of the year.
That dominance could also be the market's biggest vulnerability.
Why it matters: Nearly half of the S&P 500's earnings growth this year is coming from tech. That kind of concentration raises the stakes — and the risk — if the sector falters.
The South Florida rental market has cooled after experiencing huge rent hikes coming out of the pandemic.
The big picture: The median rent in Miami has fallen since 2024, though it still exceeds the statewide median of $1,593, according to a report from Zumper.
President Trump and Sen. Dave McCormick (R-Pa.) will use a first-of-its-kind innovation summit in Pennsylvania on Tuesday to announce $70 billion in AI and energy investments for the state, including thousands of new jobs.
The inaugural Pennsylvania Energy and Innovation Summit, at Carnegie Mellon University in Pittsburgh, aims to ignite "Pennsylvania's incredible potential to power the AI revolution," McCormick says.
You can subscribe to almost anything with just a click these days — wine clubs, pet food, therapy, underwear, the list is endless.
Unsubscribing? That's tougher.
Why it matters: The difficulty of unsubscribing — finding out where and how to do it, calling customer service, navigating last-chance promotional offers — costs people time and money.
A man who killed two people and injured others in a Sunday shooting at a Lexington Baptist church has been identified as 47-year-old Guy House, according to the Lexington Police Department.
The big picture: Thenow-deceased suspect shot a member of law enforcement near an airport in Fayette County before fleeing to the Richmond Road Baptist Church, according to state officials.
The Federal Reserve has offered key details of its expensive headquarters renovation project, which the Trump administration has invoked as potential grounds to try to fire Fed chair Jerome Powell.
Why it matters: The White House appears to be using cost overruns in the $2.5 billion project on the National Mall to build a case for dismissing Powell for cause, amid the president's unheeded demands for the Fed to cut interest rates.
