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Monday, October 12, 2026
The New York Finance

Top Business News Around The World

Monday, October 12, 2026

Elon Musk

Musk’s xAI to repay $3B in bonds early, fueling IPO speculation

Elon Musk’s artificial-intelligence company xAI is preparing to pay back $3 billion of high-yield (“junk”) bonds early, a move that typically signals a borrower believes it can refinance more cheaply, has fresh…

By The New York Finance Staff

Tesla shares jump as profits rise on lower expenses

Tesla shares surged Wednesday after the electric car maker reported a jump in profits, as increased auto sales and lower expenses offset the drag from a drop in vehicle prices.  The company,…

By The New York Finance Staff

Elon Musk to unveil ‘Cybercab’ at Tesla robotaxi event

Tesla boss Elon Musk is to unveil a prototype of the firm's long-awaited robotaxi, the Cybercab, at the Warner Bros Studios in Burbank, California on Thursday. Self-driving cars have long fascinated Mr…

By The New York Finance Staff