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Billionaire folds rocket maker into a lossmaking AI start-up, betting scale and control can beat rivals to blockbuster IPO

Meteoric rise — and thumping sell-off — has seen the volatile precious metal compared to a ‘meme stock’

Resources at $500bn company are being redirected from long-term research towards improving the flagship chatbot

Rocket company boosts valuation to $1tn and pays $250bn to acquire AI start-up as Musk envisions data centres in space

Deal comes as lower oil prices force smaller US producers to consider tie-ups

Energy prices reverse recent gains on easing geopolitical concerns and warmer weather outlook

The killing of Alex Pretti in Minneapolis is a moment for leaders to challenge America’s direction

Shell, BP and peers widely expected to rein in buybacks to protect balance sheets in face of lower oil prices

New Start treaty, which expires on Thursday, capped the number of missiles and warheads in US and Russian arsenals

Latest commentary details ambitions for ‘powerful currency’ to play a greater role in trade and forex