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Regulators filed a lawsuit in federal court stemming from Mr. Musk’s $44 billion purchase of the social media company now called X.

(Reuters) -Elon Musk was sued on Tuesday by the U.S. Securities and Exchange Commission, which accused the world's richest person of waiting too long to disclose in 2022 he had amassed a large stake in Twitter, the social media company he later bought. In a complaint filed in Washington, D.C. federal court, the SEC said Musk violated federal securities law by waiting 11 days too long to disclose his initial purchase of 5% of Twitter's common shares. An SEC rule requires investors to disclose within 10 calendar days, or by March 24, 2022 in Musk's case, when they cross a 5% ownership threshold.

The complaint filed to a US federal court alleges Musk saved $150m at the expense of Twitter shareholders.

December's Consumer Price Index will serve as the latest test of whether an inflation resurgence is a risk to the US economy as investors debate if and when the Federal Reserve will cut interest rates in 2025.

Financial business leaders converged on the University of Miami to discuss the regulatory and political landscape expected under Trump and the anticipated effect on corporate America.

Paid leave should be extended to parents who lose a pregnancy before 24 weeks, a report by MPs says.

Financial reports show the potential defense secretary’s pay from past speaking and writing, some of which provided fodder for senators during his confirmation hearing.

Investors looked ahead to the release of December's CPI data and the start of the fourth-quarter earnings season.

Investors are weighing what a reported gradual rollout of Trump tariff hikes could mean for inflation and the Fed.

Intel, which will remain an anchor investor, said the standalone operations are expected to begin in the second half of 2025 and will have a new name. The existing Intel Capital team will move to the new company. Intel Capital's separation is a "win-win scenario as it provides the fund with access to new sources of capital to expand its franchise while allowing both companies to continue benefiting from a productive long-term strategic partnership," said David Zinsner, Intel's interim co-chief executive officer and CFO.

(Bloomberg) -- Meta Platforms Inc. is cutting roughly 5% of its staff through performance-based terminations and plans to hire new people to fill their roles this year, according to an internal memo sent to all employees. Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyAs E-Bikes Boom in NYC, Some Call for More RegulationsA Blueprint for Better Bike LanesAs of September, Meta employed about 72,000 people, so a 5% reduction could affect roughly 3,600 jobs. “I’ve

The company will shed roughly 3,600 roles but plans to backfill the roles later in the year.

Wells Fargo, Goldman Sachs and BlackRock will all post Q4 results before the bell.

It comes after growing pressure over an anti-corruption investigation in Bangladesh.

Wiedman, head of the global client business, was instrumental in driving BlackRock's growth in passive investing.

Meta, the parent company of Facebook and Instagram, is cutting the lowest-performing 5% of its workforce and plans to fill those roles later this year, the company said in a memo.

Different wings of Trump world are floating different ideas for how to implement tariffs when the president-elect takes office, sending conflicting signals to markets.

Investors are weighing what a reported gradual rollout of Trump tariff hikes could mean for inflation and the Fed.

Southern California Edison, a division of Edison International, has been hit with multiple lawsuits accusing the utility of starting one of the fires burning near Los Angeles.

Nvidia pushed back on the Biden administration's new executive order relating to overseas sales of advanced AI chips, saying it will undermine U.S. technological leadership.

Southwest Airlines is looking to trim costs by implementing a hiatus on certain hiring, most summer internships and "rallies" it hosts for employees.

The troubled manufacturer says deliveries fell by a third last year.

Investors are weighing what a reported gradual rollout of Trump tariff hikes could mean for inflation and the Fed.

The chancellor says she is "under no illusion" about the challenge facing UK public finances.

JPMorgan elevated Jennifer Piepszak to COO as part of a new management reshuffling announced Tuesday, but the nation’s largest bank said that Piepszak doesn’t want to succeed Jamie Dimon as CEO.

Tuesday's wholesale inflation reading comes ahead of a highly anticipated release of December CPI.

Tesla shares gained as investors priced in Elon Musk's reach across a variety of industries.

The Consumer Financial Protection Bureau announced it was suing Capital One for "cheating" customers out of more than $2 billion in interest.

Chinese government officials have reportedly discussed selling TikTok's US operations to Elon Musk. Antitrust experts predict that the owner of X could clear any US legal hurdles if such a deal were to happen.

The disease is contagious in livestock like cattle, but poses no risk to humans or food safety.

An aging U.S. population and lower risk of replacement by A.I. has contributed to strong demand for health care workers.

The producer price index for final demand rose 0.2% last month after an unrevised 0.4% advance in November, the Labor Department's Bureau of Labor Statistics said on Tuesday.

Pinto has worked at JPMorgan and a predecessor firm for more than four decades.

To show how little they care about TikTok’s ties to Beijing, people in the United States are downloading one of China’s most popular apps.

The deal will let Klarna offer its popular buy now, pay later plans to merchants using Stripe's payment tools in 26 countries.

Investors are weighing what a reported gradual rollout of Trump tariff hikes could mean for inflation and the Fed.

The president-elect and his close allies already appear to be hedging on clear-cut promises that they made again and again — as complex realities now intervene.

Rates are making investors nervous. Specifically, the 10-year Treasury yield. Climbing to 4.8% on Monday and a stone's throw from 5%, the 10-year Treasury yield is at a level that makes investors cautious. But why? We dive deep into a classic financial question.

The tech giant accounts for 90% of web searches in the UK - the regulator will probe whether that harms consumers and rivals.

Investors are demanding sharply higher yields on government bonds, threatening to upend the Labour Party’s plans to reinvigorate a stagnant British economy.

(Bloomberg) -- Stocks and bonds saw small moves, with Wall Street traders unwilling to make any significant bets as they await key inflation data for clues on path of Federal Reserve rates over the next few months.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyA Blueprint for Better Bike LanesAs E-Bikes Boom in NYC, Some Call for More RegulationsIn the run-up to Wednesday’s consumer price index, the S&P 500 was little changed after an earlier advance that came

Insurance companies are expected to face significant losses due to the wildfires in Southern California, though a report by Wells Fargo expects those will be "manageable."

Small business owner optimism surged to a 6-year high in December, driven by high hopes for the economy following President-elect Trump's win, according to the NFIB.

Because of costs, few movies are shot locally, leaving the industry in a surreal spot: reeling from personal loss with much of the business untouched.

The owners of Honor Family Market are ready to retire. A buyer would face the tight margins of a small business and competition against the giant chains and discount stores.

Only a third of China’s trade surplus was with the United States, and only a third of the U.S. deficit was with China. That makes for tricky math for the president-elect.

Sterling rises and borrowing costs dip with the chancellor due to face questions in the Commons later.

The world’s biggest money manager is trying to avoid some political headaches as Donald Trump and the GOP take over all of Washington.

The nation’s transport ministry reviewed structures near airport runways following the deadly crash of a Jeju Air flight late last month.

(Bloomberg) -- A decision by US President-elect Donald Trump to ramp up tariffs gradually once he takes office would be “problematic” for the Federal Reserve as it battles the last-mile of inflation, according to Arend Kapteyn at UBS AG.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyA Blueprint for Better Bike LanesWhat Robotaxis Brought San Francisco“We think of tariffs as a one-off price level shift and then it goes away a year later, and then provided it’s n

A swarm of "TikTok refugees" has made RedNote the most downloaded app on Apple's US App Store.

Miners feel they have been "thrown on the scrapheap" as money from their pension scheme stays frozen.