Elon Musk’s attachment to President-elect Donald Trump has created an unprecedented alliance between America’s most powerful politician and its richest businessman.

U.S. stocks climbed after market superstar Nvidia and another round of companies said they’re making even fatter profits than expected.

Low interest financing, sweet lease deals and free charging boosted Tesla’s global deliveries in the third quarter, the first increase this year for the electric vehicle maker.

T-Mobile is buying U.S. Cellular’s wireless operations and certain spectrum assets in a deal valued at $4.4 billion, and further consolidating the industry.

Despite a small dip in U.S. vehicle sales, General Motors’ first-quarter net income rose more than 25% on strong deliveries of pickup trucks and other higher-profit vehicles.

Tesla sales fell sharply last quarter as competition increased worldwide, electric vehicle sales growth slowed, and price cuts failed to draw more buyers.

TikTok's CEO was relatively unknown to the U.S. public before Thursday, when he testified before a congressional committee concerned about data protections on the popular video-sharing app.

Owning Tesla stock this year has been anything but a smooth ride for investors.

Shares of social media companies have tumbled after a slew of news in the sector that concerned investors, including a report that Elon Musk may cut almost 75% of Twitter’s workforce and Snap’s muted fourth-quarter outlook.

Tesla delivered nearly 185,000 electric vehicles in the first quarter despite a shortage of computer chips that has hit the global auto industry.

In a deal announced Tuesday, Dec. 1, 2020, business software pioneer Salesforce.com is buying work-chatting service Slack for $27.7 billion in a deal aimed at giving the two companies a better shot at competing against longtime industry powerhouse Microsoft. (AP Photo/Darron Cummings, File)Business software pioneer Salesforce.com is buying work-chatting service Slack for $27.7 billion in a deal aimed at giving the two companies a better shot at competing against longtime industry powerhouse Microsoft. But software as a service has become an industry standard that has turned into a gold mine for longtime software makers. Slack and Salesforce are headquartered about a block away from each other in San Francisco. Slack," Benioff said.

Google plans to offer checking accounts to customers starting next year, a source familiar with Google's plans told CNN Business. The Wall Street Journal first reported Google's entry into checking accounts. But Google doesn't plan to take center stage on the checking accounts. Partner banks and credit unions will offer these smart checking accounts through Google Pay. The push into checking accounts is the latest instance of a Big Tech company moving into the financial services space.

Microsoft, which is worth more than $1 trillion compared to Slack's market value of $10 billion, is hoping to unseat Slack with its Teams collaborative workplace app. Two analysts issued bearish reports on Slack this week, adding to the downward pressure on the stock. "We have observed strong fundamental progress of Microsoft Teams over the past 12 months," said Mizuho analyst Gregg Moskowitz in a report. He added that "there was a heavy focus on Teams" at Microsoft's Ignite conference for developers earlier this week, and noted that "customer interest levels in Microsoft Teams were very high." He argued that the competition from Microsoft "could slow growth going forward quicker" than most analysts are expecting.

One analyst said he "fully expects" Amazon to try to fight the decision in court. The contentious decision represents a major loss for Amazon and a boon to Microsoft, especially as both companies have seen the growth of their cloud businesses slow in recent months. The timing is especially painful for Amazon, which said it was surprised by the decision, calling itself the "clear leader in cloud computing." At the same time Amazon is funneling money into speeding up its shipping capabilities, growth at its cloud services division, Amazon Web Services, is slowing. In 2013, it received a breakthrough $600 million contract to provide cloud services to the CIA.

Justin Sullivan/Getty ImagesCUPERTINO, Calif. - Dozens of tech companies are gearing up to announce new cell phones, laptops, video game consoles, toys and other gadgets for the holiday season. Most of those products would have gotten pricier because of new tariffs that the United States just delayed. Apple and many other tech companies count on the second half of the year, with new product announcements and the holiday season, to drive sales. Tech companies have spent decades building up interconnected supply chains which include parts suppliers, trained labor and transportation routes to support manufacturing in China. If tech companies did move production out of China, it would probably be to countries in Southeast Asia, close to the existing supply chain, rather than to the United States.

In an earnings report released Tuesday, Sony revealed it sold 3.2 million of the game consoles in the quarter that ended June 30, pushing it to the 100 million unit sales mark. Sony debuted the PS4 in November 2013 and by December 2017 had sold over 70.6 million units worldwide. In 2017, Sony console sales underwent a resurgence as newer, better PlayStation games, such as Dragon Quest XI, Injustice 2 and Madden, hit the market. According to analyst Dan Ives, the PS4 has sold well above competitors, calling the 100 million "an impressive number." Sony hasn't released a new generation console since the PS4 although it did debut an iteration, the PS4 Pro, in September 2016.