BUSINESS

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In a bold move to invigorate sales, BMW dealers across the United States are offering a substantial discount on the high-performance hybrid SUV, the BMW XM. The vehicle, which boasts a 4.4-liter twin-turbocharged V8 engine, is now available with a $17,500 lease credit, making it an enticing option for luxury car enthusiasts.

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The Federal Trade Commission (FTC) is investigating Microsoft's recent agreement with artificial intelligence startup Inflection, signaling heightened scrutiny of the burgeoning AI industry by U.S. antitrust regulators.

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Oil prices eased on Thursday after resilient US economic activity pointed to borrowing costs staying higher for longer in a potential blow to demand, according to Reuters.

Before suburban malls and online shopping redefined retail, there was a golden age of American department stores. These grand emporiums were more than shopping hubs; they offered tea rooms, childcare, beauty services, and even exotic animals like pet monkeys and baby pumas.

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BMW has taken a significant step forward in the world of GT racing with the unveiling of the M4 GT3 EVO, set to make its debut in 2025. This evolution of the M4 GT3 represents a commitment to performance, reliability, and customer satisfaction. Developed with input from factory drivers such as Augusto Farfus, Jens Klingmann, and Bruno Spengler, the EVO-spec car focuses on drivability and efficiency rather than just raw performance gains.

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In a significant development in the media industry, Paramount Global and Skydance Media have agreed on the terms of a merger deal that could reshape the entertainment landscape. The special committee of Paramount Global’s board of directors and David Ellison’s Skydance Media, backed by private-equity firms RedBird Capital and KKR, have revised the merger terms to offer a more enticing proposition to Paramount’s nonvoting shareholders.

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In a significant move that underscores the burgeoning importance of artificial intelligence, Elon Musk's AI firm, xAI, has successfully raised $6 billion from a diverse group of investors, including top Silicon Valley venture capitalists and Saudi Prince Alwaleed Bin Talal. This latest infusion of capital boosts xAI's valuation to an impressive $24 billion, positioning it as a formidable competitor in the AI industry.