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Musk’s SpaceX, xAI combine in major deal

NEW YORK — Elon Musk is joining his space exploration and artificial intelligence ventures into a single company before what’s expected to be a massive initial public offering for the business later this year. His rocket venture, SpaceX, announced on Monday that it had bought xAI in an effort to help the world’s richest man dominate the rocket and artificial intelligence businesses. The deal will combine several of his offerings, including his AI chatbot Grok, his satellite communications company Starlink, and his social media company X. Musk has talked repeatedly about the need ...

Ticker: Disney’s 1Q powered by box-office hit ‘Zootopia 2’

Disney is posting strong first quarter numbers, powered by box-office hits “Zootopia 2” and “Avatar: Fire and Ash.” The Walt Disney Co. earned $2.4 billion, or $1.34 per share, for the three months ended Dec. 27. It said Monday that it earned $2.64 billion, or $1.40 per share, a year ago. Removing one time charges and costs, earnings were $1.63 per share. That’s better than the $1.57 per share that analysts polled by Zacks Investment Research expected. Undercover investigation of Meta heads to trial The first stand-alone trial from state prosecutors in a stream of lawsuits ...

Fulton Financial Advisors celebrates milestone

John Forney isn’t surprised by the growth of the company he and his wife, Sherry, founded in Altoona in 2001. Started as Forney Financial Solutions, the business now known as Fulton Financial Advisors is marking its 25th anniversary in 2026. Forney, who now lives in Ormond Beach, Fla., ...

Workplace — Jan. 31-Feb. 1

New hires and promotions Jennifer Hefkin was promoted to Chief Financial Officer of Mutual Benefit Group on Jan. 1. In this role, she will support the development of corporate strategy, including investment strategy and policy. She will oversee financial planning, analysis and reporting for Mutual Benefit Group companies and work closely with the CEO and senior leadership team to drive innovation and identify new business opportunities. She began her employment with Mutual Benefit Group as an accountant and has held various positions during her tenure, including accountant ...

Replacing retirement anxiety with security

The greatest financial danger in retirement isn’t always the stock market. It’s the constant, nagging fear of running out of money. This anxiety causes many people to underspend and worry, even when their finances are sound. Here are eight ways to replace that worry with lasting security. 1. Determine your spending baseline Worry often starts with the vague question, “Am I spending too much?” Instead of operating on gut feeling, work with an advisor to determine your personal sustainable withdrawal rate (often between 3% and 5%). Once you know your lifestyle is covered by ...