Morning Business Report: Elon Musk launches X-Coin as oil prices rise and Palantir relocates to Florida
Elon Musk, announced the pre-sale of a new digital currency called “X-Coin.”
(LILAMAX)- Social media platform X, owned by Elon Musk, announced the pre-sale of a new digital currency called “X-Coin.” The cryptocurrency will be available exclusively through the platform’s newly introduced “X Wallet.” The company, formerly known as Twitter, is the latest tech giant to expand into digital asset storage and financial services.
Meanwhile, oil prices rose four percent in trading after Vice President J.D. Vance said Iran had failed to address red lines set by the United States, signaling that military force remains an option. The comments added geopolitical tension to global energy markets, driving prices higher.
Wall Street closed higher Wednesday, with the Nasdaq leading gains, up 175 points. Investors also reacted to new filings from Berkshire Hathaway, which revealed it has sold three-quarters of its stake in Amazon and trimmed its position in Apple. The fourth-quarter report reflects some of the final investment decisions made by legendary CEO Warren Buffett, who retired at the end of 2025.
In corporate relocation news, Palantir Technologies announced it is moving its headquarters to Miami. The data integration firm was founded in California and relocated to Colorado in 2020 before selecting Florida as its new home. Company leaders cited Florida’s lack of a state income tax, pro-business environment, talent pool, quality of life and improving public safety as key factors in the move.
And in lifestyle news, a new survey suggests that sharing the same bedtime could strengthen relationships. Research conducted by Talker Research for Avocado Green Mattress found that couples who describe themselves as “very happy” go to bed together about four nights per week. Forty percent of respondents said they sleep better when coordinating bedtimes, compared to 16 percent who stagger their sleep schedules.
