Volkswagen to cut 19,000 jobs by year-end, CEO says. The automaker is reducing its workforce as part of ongoing efficiency and cost-cutting efforts amid industry headwinds.

SpaceX seeks to raise $75B in share sale, filing shows — The company is selling 555.6 million shares at $135 apiece, valuing the reusable rocket firm at $1.77 trillion, according to an SEC filing.

SpaceX is seeking to raise $75 billion by selling 555.6 million shares at $135 each, according to an SEC filing. The deal values the company at $1.77 trillion, making it the seventh most-valuable U.S. company.

U.S. small business hiring plans drop to lowest since May 2020 — just 9% of owners intend to hire in next three months, well below historical average.

U.S. small business hiring plans fall to lowest level since May 2020. Only 9% of small business owners plan to hire in the next three months, well below the historical average, signaling labor market softening.

China advances new digital payment system in bid to reduce reliance on the dollar, FT reports.

China is rolling out a digital payments network aimed at challenging the dominance of the U.S. dollar, according to the Financial Times.

Louisiana teachers to receive bonuses over $50,000 from Meta data center tax revenue, WSJ reports.

Louisiana teachers will receive bonuses exceeding $50,000 thanks to tax revenue from a Meta data center, according to the Wall Street Journal.