Category: Business

Trump, Musk join forces to bring stranded NASA astronauts back via SpaceX after Biden admin ‘abandoned’ them

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President Donald Trump on Tuesday said he has tasked his new Department of Government Efficiency head, SpaceX CEO Elon Musk, with bringing home two astronauts who he said have been “abandoned” by the Biden administration.

Butch Wilmore and Suni Williams have been in space for the last 8 months and Trump blasted the former president for not acting sooner.

“I have just asked Elon Musk and @SpaceX to ‘go get’ the 2 brave astronauts who have been virtually abandoned in space by the Biden Administration. They have been waiting for many months on @Space Station. Elon will soon be on his way. Hopefully, all will be safe. Good luck Elon!!!” posted Trump.

MUSK’S SPACEX TO HELP RETURN ASTRONAUTS DESPITE FEDERAL INVESTIGATIONS OF BILLIONAIRE’S BUSINESSES

NASA astronauts Suni Williams and Butch Wilmore were the flight crew on Boeing’s Starliner capsule, which is recovering from a series of issues. (NASA / Getty Images)

Musk also took to social media to express his disdain and vowed to bring them home “as soon as possible.”

“The @POTUS has asked @SpaceX to bring home the 2 astronauts stranded on the @SpaceStation as soon as possible. We will do so,” Musk posted via X Tuesday evening. “Terrible that the Biden administration left them there so long.”

NASA’s Boeing Crew Flight Test Commander Butch Wilmore (L) and Pilot Suni Williams walk out of the Operations and Checkout Building on June 05, 2024 in Cape Canaveral, Florida. (Joe Raedle/Getty Images / Getty Images)

Wilmore and Williams have been in space since June. The mission was initially only meant to be a week long.

The NASA pilots arrived at the International Space Station on a Starliner, but issues with the capsule developed in the form of helium leaks and thruster problems making it too risky for people to utilize the ship to travel back to Earth.

BOEING STARLINER LAUNCHES 2 NASA ASTRONAUTS INTO SPACE IN FIRST PILOTED TEST FLIGHT

A plan was in place to rescue the two on a SpaceX capsule arriving back on Earth by February, but it was delayed. (Fox News )

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A plan was in place to rescue the two on a SpaceX capsule arriving back on Earth by February, but it was delayed.

Musk has delayed the launch of replacement astronauts at this time. Once the replacement astronauts reach the space station, the pair can go home.

January 29, 2025
Lay’s recall of classic chips in 2 states classified at highest risk level, FDA warns it could cause ‘death’

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Frito-Lay has recalled its Lay’s Classic Potato Chips in Oregon and Washington state due to undeclared milk that may be in the product that could be fatal if consumed by someone with an allergy or severe sensitivity to milk.

The Food and Drug Administration announced last month a recall of a limited number of 13 oz. bags of Lay’s Classic Potato Chips over concerns that the product may contain undeclared milk. No other Lay’s products, flavors, sizes or variety packs have been recalled.

“Those with an allergy or severe sensitivity to milk run the risk of a serious or life-threatening allergic reaction if they consume the recalled product,” the FDA said on Dec. 16.

BELOVED SNACK BRAND RECALLS ‘LIMITED’ NUMBER OF POPULAR POTATO CHIP BAGS DUE TO UNDECLARED ALLERGIN: FDA

Lay’s potato chips pack seen in a Target superstore. (Alex Tai/SOPA Images/LightRocket via Getty Images / Getty Images)

On Monday, the FDA updated its guidance, classifying it under a Class 1 recall — its highest risk classification — which means exposure or consumption of the chips could cause “serious adverse health consequences or death,” according to Newsweek.

The chips were given the high level classification because milk is one of the FDA’s eight “major food allergens,” which means it is one of the products that can lead to hives, cramps, dizziness, swollen vocal cords and even unconsciousness if someone with an allergy or severe sensitivity to milk consumes it.

Consumers would have been able to purchase these chips in Oregon and Washington state as early as November 3. The recalled chips were distributed to certain retail stores and e-commerce distributors.

Frito-Lay potato chip snacks in a supermarket in New York on Thursday, February 12, 2015. (Getty Images / Getty Images)

Anyone in the two states with Lay’s chips that have both a “guaranteed fresh” date of February 11 and a manufacturing code of either “6462307xx” or “6463307xx” should discard the chips immediately, especially if someone in their household has a milk allergy.

Frito-Lay said it was alerted to the undeclared milk after being contacted by a customer.

MORE THAN 500,000 ELECTRIC SPACE HEATERS RECALLED DUE TO OVERHEATING CONCERNS

Lay’s packaging seen at the grocery store in Las Vegas, United States. (Getty Images / Getty Images)

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The company said no allergic reactions related to this recall have been reported.

January 29, 2025
Chevron, Engine No. 1, GE Vernova announce partnership to power us data centers

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Oil giant Chevron and Engine No. 1, an activist fund, are partnering up to build a new company that will develop scalable, reliable power solutions for the U.S.-based data centers running on U.S. natural gas.

The merger, in conjunction with GE Vernova, aims to establish the first multi-gigawatt-scale co-located power plant and data center.

A press release from Chevron outlines that the projects will serve co-located data centers in the U.S. Southeast, Midwest and West regions. These developments will deliver the equivalent of power for more than 3 million homes.

ENERGY CEO REVEALS THE ‘BIGGEST PROBLEM’ FOR DATA CENTER POWER DEMAND | FOX BUSINESS VIDEO

A Chevron gas station in Rodeo, California, US, on Wednesday, June 19, 2024. Chevron Corp. is expected to release earnings figures on August 2. (Photographer: David Paul Morris/Bloomberg via Getty Images / Getty Images)

“We are proud to play our part in bringing to fruition President Trump’s vision for a new American golden age, powered by our enormous energy resources and unrivaled workforce,” Chevron CEO and chairman Mike Wirth said in a statement. “President Trump’s pro-American energy policies and commitment to energy and AI dominance give us the confidence to invest in projects that will create American jobs and strengthen our national security.”

This plan will initially bypass the existing transmission grid, reducing the risk of raising electricity costs, the company said.

GEV STOCK PRICE (+25.15) | STOCK QUOTE, CHART & NEWS FOR GE VERNOVA INC. ON FOX BUSINESS

GE CEO and GE Aerospace CEO Lawrence Culp, Jr., (3rd L) and CEO of GE Vernova Scott Strazik (2nd R) ring the opening bell at the New York Stock Exchange (NYSE) April 2, 2024, in New York City. (TIMOTHY A. CLARY/AFP via Getty Images / Getty Images)

The companies say the endeavor will directly address the need for affordable, reliable energy, meeting the demand for electricity for U.S. data centers and enabling generations of AI to be developed in the U.S.

A Chevron gas station in Los Angeles, California. (Mario Tama/Getty Images / Getty Images)

Chris James, founder and chief investment officer of Engine No. 1, said, “Energy is the key to America’s AI dominance. By using abundant domestic natural gas to generate electricity directly connected to data centers, we can secure AI leadership, drive productivity gains across our economy and restore America’s standing as an industrial superpower. This partnership with Chevron and GE Vernova addresses the biggest energy challenge we face.”

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The project will also integrate carbon capture and storage, and renewable energy resources. Currently, the target is to put the plan in action by the close of 2027 with the potential for expansion following that.

January 29, 2025
Tech mogul doubts DeepSeek claims, says US media fell for ‘CCP propaganda’

Anduril founder Palmer Luckey gives his take on DeepSeek and drone manufacturing on ‘The Claman Countdown.’

American entrepreneur Palmer Luckey is not buying a lot of the hype this week over Chinese startup DeepSeek’s artificial intelligence (AI) models and accused the U.S. media of “mindlessly” reporting the company’s claims.

In an exclusive interview Tuesday on FOX Business’ “The Claman Countdown,” Luckey pointed to the widespread reporting on how DeepSeek said it spent only $5 million to train an AI model that is purportedly competitive with some AI models developed in America that cost billions.

Palmer Luckey, founder of Anduril Industries, during an interview on “The Circuit with Emily Chang” at Anduril’s headquarters in Costa Mesa, Calif., Dec. 14, 2023. (Kyle Grillot/Bloomberg via Getty Images / Getty Images)

Luckey, who sold Oculus to Facebook for billions of dollars and is the founder of defense firm Anduril, noted DeepSeek did not release the full costs of both models it developed, and he accused the media of ignoring that a significant portion of the AI startup’s infrastructure costs are still unknown.

DEEPSEEK IS THE NEWEST FRONT IN THE AI COMPETITION BETWEEN THE US AND CHINA

“I think the problem is they put out that number specifically to harm U.S. companies,” Luckey said. “You had a lot of useful idiots in U.S. media kind of just mindlessly reporting that that’s the case, and neither China nor the media nor DeepSeek has any kind of incentive to correct the record as a lot of U.S. companies like Nvidia crashed to the tunes of hundreds of billions of dollars.”

Newly launched Chinese AI app DeepSeek has surged to No. 1 in Apple’s App Store, triggering a sell-off of U.S. tech stocks over concerns that Chinese companies’ AI advances could threaten the bottom line of tech giants in the U.S. and Europe. (Photo Illustration by Justin Sullivan/Getty Images / Getty Images)

TRUMP, OPENAI CEO WEIGH IN ON DEEPSEEK FRENZY

DeepSeek’s model appears able to match the capability of chatbots like OpenAI’s ChatGPT and Meta’s Llama but at a fraction of the development cost. It also rose to No. 1 on the Apple App Store over the weekend and is reportedly able to use reduced-capability chips from Nvidia.

Those revelations slammed the U.S. tech sector Monday.

Ticker Security Last Change Change %

NVDA NVIDIA CORP. 128.86 +10.44 +8.82%

I:COMP NASDAQ COMPOSITE INDEX 19733.586284 +391.75 +2.03%

Luckey did concede that DeepSeek has made impressive strides and innovations in AI but warned against buying too much into what the company is reporting.

“I don’t think that people should take what they’re saying at face value, and they should realize that there are a lot of people cheering for the United States to fail,” he said. “There’s people who are clearly cheering for our tech companies to fail and, obviously, President Trump to fail. It’s a shame that so many of them are in the United States.

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“There’s a reason they put out the news that way, and if the stock market is any indication, it’s accomplishing exactly what they hoped to,” Luckey added. “So, look, we can recognize that Chinese AI is a real competitive threat without losing our minds over it and falling for CCP [Chinese Communist Party] propaganda.”

FOX Business’ Suzanne O’Halloran contributed to this report.

January 28, 2025
Judge pauses Trump administration’s federal funding freeze

White House press secretary Karoline Leavitt confirmed the pause on federal financial assistance will not include food stamps, Social Security, or Medicare and welfare benefits.

A federal judge on Tuesday paused the Trump administration’s Office of Management and Budget memo, which aimed to freeze funding to various federal programs.

U.S. District Judge Loren AliKhan for the District of Columbia, a judge appointed by former President Joe Biden, imposed an administrative stay on Tuesday afternoon, pausing the Trump administration’s action.

AliKhan ordered the pause on disbursements be stayed until Feb. 3 at 5 p.m.

During a virtual court hearing, AliKhan heard from a Department of Justice lawyer and a lawyer for the plaintiffs, as the 5 p.m. deadline for federal funding was ticking down.

A federal judge halted the Trump administration’s temporary federal funding freeze.

“I do think there is the spector of irreparable harm,” AliKhan said.

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AliKhan scheduled a hearing on the full temporary restraining order for Feb. 3 at 11 a.m.

Earlier in the day, White House press secretary Karoline Leavitt clarified that the federal grants and loans pause would not impact individual assistance going directly to Americans.

January 28, 2025
Robinhood CEO predicts an investing revolution is on the horizon: ‘A big problem’ for US

Robinhood CEO Vlad Tenev encourages opening crypto access for real world assets, tokenizing private company stock and comments on market reaction to ‘meme’ stocks and the A.I.-led tech sell-off on ‘The Claman Countdown.’

Expanding on a recent op-ed regarding “the next frontier” in cryptocurrency investing, Robinhood CEO Vlad Tenev is spotlighting “a big problem” that needs fixing in America’s trading market.

“I think there’s a big problem, which is that if you’re a retail investor right now, and you want to invest in [artificial intelligence] – it is very, very clear that they do, judging by the market activity yesterday and overnight on Sunday – you don’t have too many options,” Tenev said Tuesday in an exclusive interview on “The Claman Countdown.”

“The IPO process has gotten cumbersome. Only the biggest companies can do it, and that limits opportunities and upside, too, to retail investors,” he continued. “We now have an administration that’s crypto-friendly and retail-friendly, and we see an opportunity to fix this major problem.”

Robinhood has broken down crypto barriers by democratizing trading on its easy-to-use platform and free, no-commission trades. Now, Tenev wants to lead in the ability to use crypto and invest in companies before they go public.

TRUMP CRYPTO CZAR PRAISES ENDING OF BIDEN-ERA EXECUTIVE ORDER THAT ‘HAMSTRUNG’ AMERICAN A.I. COMPANIES

In a Washington Post opinion piece also published Tuesday, Tenev wrote that this investing revolution is coming, but the U.S. isn’t ready for it.

Robinhood CEO Vlad Tenev wants to “open up access” to using cryptocurrencies for the average retail trader. (Getty Images)

“You have companies like SpaceX worth hundreds of billions [of dollars], companies like OpenAI and Anthropic that are off limits to investors,” the CEO pointed out to FOX Business’ Liz Claman. “And the right solution is to open up access to these, sort of, previously accredited assets. And I think we can do that in a way that makes sure that customers know what they’re putting their money into and self-certify that they understand the risks.”

When asked whether the rise of “meme” coins and tokens, like $TRUMP and $MELANIA, more recently, degrade the technical and fundamental value behind the currencies, Tenev responded by saying that it moves larger conversations and gives “the power” to anyone who wants to access a global market.

Robinhood co-founder and CEO Vlad Tenev unpacks the company’s $2 million donation to the Trump inaugural fund on ‘The Claman Countdown.’

“The fact that it’s so easy and that someone with a computer can set it up and do it in a relatively short amount of time shows you that the technology is valuable. And we just need the regulatory clarity to connect this crypto technology to real world productive assets that are currently regulated as securities,” he explained.

After the groundbreaking Chinese AI app DeepSeek fueled a U.S. tech market sell-off earlier this week, Tenev claimed Sunday marked the second-biggest overnight trading session in the platform’s history.

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Trump AI and ‘crypto czar’ David Sacks discusses the administration’s crypto policies and future ambitions for the digital currency during an exclusive interview on ‘The Evening Edit.’

Robinhood’s customers tend to “buy the dip,” the CEO noted, and A.I. also represents the “next frontier” in what investors want to get their hands on.

“I think that just shows you the power of what can happen if private markets are open,” Tenev said. “They’re private companies whose investors are limited to a very, very small circle of insiders that tend to invest in all of these deals. So I think that the next frontier and democratization of retail investing is going to be making sure that these opportunities are open to retail investors.”

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January 28, 2025
White House sets record straight about impact of Trump’s federal funding freeze

White House press secretary Karoline Leavitt confirmed the pause on federal financial assistance will not include food stamps, Social Security, or Medicare and welfare benefits.

Following the temporary freeze on federal assistance, ordered by the Trump administration’s Office of Management and Budget (OMB), Americans may be wondering if the freeze will impact them.

In her first official press briefing Tuesday afternoon, White House press secretary Karoline Leavitt clarified that the federal grants and loans pause will not impact individual assistance going directly to Americans.

The OMB confirmed the freeze does not apply to student loans and Pell Grants, as the order clearly states financial assistance to “individuals” is exempt.

The pause, which will take effect at 5 p.m. Tuesday and remain in effect pending a review by the Trump administration, will also not impact Social Security, food stamps, or Medicare and welfare benefits, Leavitt confirmed.

BIDEN’S LATEST ROUND OF STUDENT LOAN HANDOUTS BRINGS ADMIN TOTAL TO MORE THAN 5 MILLION

White House press secretary Karoline Leavitt speaks at the daily briefing at the White House in Washington on Tuesday. (AP / AP Images)

FOX Business previously reported the pause is limited to programs, projects and activities that may be impacted by President Donald Trump’s executive orders.

Some of those programs include diversity, equity and inclusion (DEI), the Green New Deal, and funding nongovernmental organizations that contradict the national interest.

Karoline Leavitt, White House press secretary, during a news conference in the James S. Brady Press Briefing Room of the White House in Washington, DC, on Tuesday, Jan. 28, 2025. ( Samuel Corum/Politico/Bloomberg via Getty Images / Getty Images)

After agencies complete a comprehensive analysis of their federal financial assistance programs, which will be required by Feb. 10, they will be reviewed for consistency with the president’s priorities.

The memo noted the federal government spent more than $3 trillion on federal assistance in the 2024 fiscal year, according to previous reporting.

NEW YORK REPUBLICAN PROPOSES TO SLASH STUDENT LOAN INTEREST RATES

White House press secretary Karoline Leavitt clarified what will be impacted by President Donald Trump’s freeze on federal assistance. (Chip Somodevilla/Getty Images / Getty Images)

Senate Minority Leader Chuck Schumer, D-N.Y., told The Wall Street Journal that the freeze “will mean missed payrolls and rent payments and everything in between: chaos for everything from universities to non-profit charities, state disaster assistance, local law enforcement, aid to the elderly, and food for those in need.”

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FOX Business requested comment from Schumer following Leavitt’s remarks, but did not immediately receive a response.

The pause could be as short as a day, White House officials told FOX Business. Agencies can also request exemptions on a case-by-case basis.

Fox News Digital’s Danielle Wallace contributed to this story.

January 28, 2025
White House says Biden admin’s killing 100M chickens contributed to high egg prices

White House press secretary Karoline Leavitt told reporters on Tuesday that the high prices of eggs is directly related to a lack of chicken supply which the Biden administration contributed to.

White House press secretary Karoline Leavitt addressed the high cost of eggs while speaking to reporters on Tuesday, saying the Biden administration contributed to the supply shortage by directing the killing of over 100 million chickens.

Leavitt held her first White House press briefing on Tuesday afternoon, when one of the reporters asked about the price of eggs skyrocketing since President Donald Trump took office.

She told reporters there is a lot of reporting that is putting the onus on the current administration for the rising cost of eggs.

“I would like to point out to each and every one of you, that in 2024, when Joe Biden was in the Oval Office or upstairs in the residence sleeping, I’m not so sure, egg prices increased 65% in this country,” Leavitt said, noting that the costs of bacon, groceries and gasoline have increased because of the “inflationary” policies of the Biden administration.

HERE’S WHY GROCERS ARE REALLY RAISING PRICES

White House press secretary Karoline Leavitt holds her first news conference at the White House on Jan. 28, 2025. (Chip Somodevilla/Getty Images / Getty Images)

“As far as the egg shortage, what’s also contributing to that is that the Biden administration and the Department of Agriculture directed the mass killing of more than 100 million chickens, which has led to a lack of chicken supply in this country, therefore, a lack of egg supply, which is leading to the shortage,” she said. “So, I will leave you with this point: This is an example of why it’s so incredibly important that the Senate moves swiftly to confirm all of President Trump’s nominees, including his nominee for the United States Department of Agriculture, Brooke Rollins, who is already speaking with Kevin Hassett, who’s leading the economic team here at the White House, on how we can address the egg shortage in this country.”

The U.S. Bureau of Labor Statistics shows that the average price of a dozen Grade A large eggs was $4.15 during the month of December, which shows an increase from $2.51 in December 2023.

One of the largest reasons for the increase is the recent bird flu outbreak.

SHELLING OUT: EGG PRICES RISE NEARLY 37 PERCENT

Cases of cage-free eggs for sale at a Costco store in Florida. (Lindsey Nicholson/UCG/Universal Images Group via / Getty Images)

The Highly Pathogenic Avian Influenza (HPAI) was either directly or indirectly responsible for killing more than 20 million egg-laying hens in the last quarter of 2024, the U.S. Department of Agriculture reported.

Some estimations indicate the average price of a dozen large eggs could be nearly $5 by the end of 2025, which would be the highest average price for a dozen eggs ever recorded.

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Still, the price of eggs in California has already surpassed that, reaching nearly $9 per dozen in some areas.

Fox News Digital’s Alexandra Koch contributed to this report.

January 28, 2025
Senate committee plans hearing on debanking, reveals witnesses

Rep. James Comer, R-Ky., addresses claims of conservatives being debanked and weighs in on Joe Bidens last minute pardons

The Senate Banking Committee is planning to hold a hearing on financial institutions’ decisions to debank clients over various regulatory concerns and is urging those who have been affected to contact the committee to report their allegations.

“This hearing will provide an important opportunity to hear directly from Americans who operate federally legal businesses and have been debanked,” Chairman Tim Scott, R-S.C., said in a statement.

“It will also allow the Banking Committee, and the American public, to learn more about whether there was improper influence by financial regulators. Debanking is unacceptable and un-American – this hearing is the first step in our efforts to hold bad actors accountable,” Scott said.

The committee released an initial list of witnesses which includes Nathan McCauley, CEO and co-founder of Anchorage Digital; Evan Hafer, founder and executive chairman of Black Rifle Coffee Company; and Stephen Gannon, partner at Davis Wright Tremaine LLP.

HOUSE OVERSIGHT CHAIR: BANKS WILL FACE ‘A LOT OF QUESTIONS’ OVER ALLEGED DEBANKING OF CONSERVATIVES

Senate Banking Committee Chair Tim Scott, R-S.C., is planning a hearing on debanking. (ROBERTO SCHMIDT/AFP via Getty Images / Getty Images)

Scott is encouraging individuals and businesses who have been debanked to report allegations to committee staff ahead of the hearing.

The panel’s hearing titled “Investigating the Real Impacts of Debanking in America” is scheduled for Feb. 5 at 10:00 a.m. ET.

The hearing comes after President Donald Trump raised the issue of debanking during a question-and-answer session following his speech to the World Economic Forum last week.

TRUMP’S DAVOS COMMENTS REIGNITE DEBANKING CONTROVERSY

President Trump asks Bank of America CEO Brian Moynihan and other financial institutions to not debank conservative clients over politics.

Trump called out Bank of America CEO Brian Moynihan and JPMorgan Chase CEO Jamie Dimon during an exchange with Moynihan in which Trump said, “You’ve done a fantastic job, but I hope you start opening your bank to conservatives, because many conservatives complain that the banks are not allowing them to do business within the bank – and that included a place called Bank of America… They don’t take conservative business.”

“And I don’t know if the regulators mandated that because of [President Joe] Biden or what,” Trump continued, “But you and [JPMorgan CEO Jamie Dimon] and everybody – I hope you’re going to open your banks to conservatives, because what you’re doing is wrong.”

CONSERVATIVE GROUP TAKES AIM AT WALL STREET IN REPORT CLAIMING BIG BANKS HAVE UNDERCUT FIREARMS INDUSTRY

President Donald Trump makes a speech via video-conference during the the 55th annual meeting of the World Economic Forum (WEF) in Davos, Switzerland on Jan. 23, 2025. (Halil Sagirkaya/Anadolu via Getty Images)

Federal laws and financial regulations can prompt banks to close accounts over concerns about things like money laundering or illicit financial activities. Both firms have disputed allegations that politics contributed to decisions to close the bank accounts of some clients.

“We serve more than 70 million clients, and we welcome conservatives,” a Bank of America spokesperson told FOX Business. “We are required to follow extensive government rules and regulations that sometimes result in decisions to exit client relationships. We never close accounts for political reasons, and don’t have a political litmus test.”

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A JPMorgan spokesperson said in a statement that the bank would “never close an account for political reasons, full stop. We follow the law and guidance from our regulators and have long said there are problems with the current framework that Washington must address.”

January 28, 2025
Elon Musk’s X and Visa ink deal as it pursues becoming the ‘everything’ app

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X has inked a partnership with Visa as the Elon Musk-owned social media platform seeks to become an “everything” app that offers peer-to-peer payments and other capabilities.

“Another milestone for the Everything App: @Visa is our first partner for the @XMoney Account, which will debut later this year,” X CEO Linda Yaccarino said Tuesday.

According to the social media platform’s CEO, X Money Accounts will support “secure + instant” funding to X Wallets using Visa Direct, Visa’s digital payment network.

The X logo is being displayed on a smartphone, with the X app, formerly known as Twitter, and X visible in the background, in this photo illustration taken in Brussels, Belgium, on January 5, 2024. (Jonathan Raa/NurPhoto via Getty Images / Getty Images)

When the X Money Account service launches later in the year, Yaccarino said users will also have the ability to do peer-to-peer payments by connecting their debit cards.

ELON MUSK ANNOUNCES X, SPACEX HQS WILL MOVE FROM CALIFORNIA TO TEXAS AFTER NEW GENDER IDENTITY LAW

Transfers of funds directly to users’ bank accounts will be available through the partnership with Visa as well, her post said.

The financial services company said on X that it was “excited to partner with @XMoney on the launch of X Money Account.”

Visa Inc. credit and debit cards are arranged for a photograph in Washington, D.C., U.S., on Monday, April 22, 2019. (Andrew Harrer/Bloomberg via Getty Images / Getty Images)

The profile for X Money, which was created in January of last year, described itself as being “for all your money moves, powered by X.”

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The deal with Visa is the “first of many big announcements” about X Money that users of the social media platform can expect in 2025, Yaccarino indicated.

Musk has long wanted to incorporate payment features on X, which he acquired more than two years ago for $44 billion. He has also voiced a goal of turning the platform into an “everything” app on multiple occasions.

BMW UK ANNOUNCES IT’S LEAVING X – AND GETS MERCILESSLY MOCKED

For example, in July 2023 when the social media site rebranded from Twitter to X, the tech billionaire said the company would “add comprehensive communications and the ability to conduct your entire financial world” to X.

SpaceX and Tesla founder Elon Musk speaks during an America PAC town hall on October 26, 2024 in Lancaster, Pennsylvania. (Samuel Corum/Getty Images / Getty Images)

Since Musk became the owner of the platform, X has rolled out audio and video calling features, job searching and posting capabilities and other tools. The artificial intelligence chatbot Grok has also become available on X to Premium and Premium+ subscribers.

Musk made Yaccarino the CEO of X in June 2023, ending his roughly seven-month tenure in the position.

January 28, 2025

Ticker	Security	Last	Change	Change %
NVDA	NVIDIA CORP.	128.86	+10.44	+8.82%
I:COMP	NASDAQ COMPOSITE INDEX	19733.586284	+391.75	+2.03%