Wealth inequality reaches historic extremes as Elon Musk becomes world's first trillionaire while workers face wage stagnation and AI-driven job displacement concerns.

Elon Musk has become the world's first trillionaire as his companies SpaceX and Tesla surge in valuation, while median wages are falling and workers face fears of AI-driven job losses, highlighting growing wealth inequality in America.

Bernie Sanders, President Trump, and AI companies propose conflicting approaches to taxing artificial intelligence wealth, with significant disagreement over how to ensure the public shares in AI-generated profits.

The Justice Department cleared the way for a $111 billion merger between Paramount and Warner Bros., which would unite two major movie studios and consolidate media ownership by placing CNN under the same roof as CBS News.

A mega IPO frenzy in the tech sector is driving valuations to unsustainable levels, prompting warnings of a potential stock bubble as investor enthusiasm defies traditional market gravity.

OpenAI faces investigation from state attorneys general, while Anthropic removed its Claude Fable 5 model from service after the US government identified a jailbreaking method, signaling increased regulatory scrutiny of AI companies.

A court ruled that Google is liable for false statements generated by its AI Overviews, establishing that companies designing and operating AI systems must assume legal responsibility for damaging responses.

Congress continues struggling to follow its normal budget-making process, raising concerns about government funding and the future of programs Americans rely on, as the legislative body shows persistent dysfunction.

SpaceX's unlikely rise from a company with less than 10% success probability to a $2 trillion valuation demonstrates the dramatic wealth creation in the space industry, with SpaceX employees accumulating enough paper wealth to purchase entire Texas cities.

Union workers are souring on Trump as a potential political factor in competitive House races during midterm elections, despite earlier political realignment efforts.

The wealthy are continuing to spend on 'unapologetic luxury' goods unfazed by inflation, raising prices on everyday goods for consumers and potentially complicating the Federal Reserve's inflation-fighting efforts.