Business

Larry Ellison Briefly Surpassed Elon Musk As The World’s Richest, On 9/9/25, After Oracle Shares Surged 40% On Booming AI & Cloud Demand, Lifting His Net Worth To $393B Vs Musk’s $385B. Musk Could Become The First Trillionaire If Tesla’s 10-Yr Ambitious Targets Are Met. Ellison’s Oracle Is A Top Contender For Tiktok Amid U.S. Divestment Pressure.

Nvidia, On 7/4/25, Briefly Became The World’s Most Valuable Company At $3.92T, Topping Microsoft ($3.7T, 2nd) & Apple ($3.19T, 3rd). A Fierce AI Race Among Tech Giants Has Driven Massive Demand For Nvidia Chips. Now Worth More Than All UK-Listed Firms & Canada+Mexico’s Markets, It Makes Up 7% Of The S&P 500, & 28% With Other Tech Titans.

…

Capital One’s $35B All-Stock Merger With Discover Would Make Capital One The Largest U.S. Credit Card Issuer, & Could Challenge Visa/Mastercard By Shifting Its Customers To Discover’s Network. The DOJ Found No Reason To Block The Deal, & The Federal Reserve & OCC Have Given The Final Approval. But Critics Warn Of Higher Fees & Credit Costs.

…

Trump Announced Tariffs On 4/2/25—The Highest Import Taxes Since The 1800s: A 10% Baseline On U.S. Imports, With Steeper Rates For Nations Like China, Cambodia & Vietnam. The Move Ends Free Trade, Aiming To Boost U.S. Industry But Risking Higher Prices, Economic Damage, And Global Tensions. Stocks Lost $5T In 2 Days—The Biggest 2-Day Drop Ever

El Salvador, The First Country To Adopt Bitcoin As A Legal Tender, Now Partners With Tether For An Initiative Offering Foreign Investors A Salvadoran Passport For $1 M In Bitcoin. The Initiative Targets High-Net-Worth Investors, Raising Concerns About Socio-Economic Disparities And Displacements In Crypto-Attracting Areas Like El Zonte.

…