It was the end of November when Steve Davis, president of Elon Musk’s $5.6 billion tunneling startup Boring …
For decades, oil traders, executives and analysts warned that closing the Strait of Hormuz would be a global economic catastrophe. It’s now been more than three months since the waterway was effectively blocked, creating …
-
-
Business
Five years after the short squeeze, GameStop’s CEO is betting on a ‘genius or totally foolish’ $100 billion-plus acquisition
GameStop was once the go-to destination for video games. Then it was the archetypal “meme stock” in 2021, …
-
The world’s largest cryptocurrency has tanked to its lowest price since April. Bitcoin is down nearly 2% over …
-
Business
A reported OpenAI IPO later this year that will test investor tolerance for the AI boom’s cash bonfire
OpenAI is reportedly racing toward a fourth-quarter 2026 initial public offering that would test just how much faith …
-
Business
Kevin Warsh went from selling racetrack pencils to Trump’s new Fed chair pick. His advice for Gen Z: Merit is the ultimate currency in the workplace
Kevin Warsh is President Donald Trump’s pick to serve as the next chairman of the Federal Reserve, replacing …
-
Business
The new Fed chair’s billionaire father-in-law is a friend of Trump’s from college and has business interests in Greenland
After months of teasing, President Trump announced Friday morning that he would pick Kevin Warsh to replace current …
-
Business
$100 million-plus funding rounds used to be incredibly rare. Now, 40% of seed and Series A rounds are clearing that bar
I’ve grown completely numb to AI funding numbers. Ten years ago, even five, an epically large seed round …
-
Business
As billionaires chase immortality, this startup cofounded by a Harvard genetics professor gets FDA approval for the first partial de-aging human trial
A startup cofounded by a renowned Harvard geneticist has taken a step toward cracking the human body’s biological …
-
The resignation of the Indonesia Stock Exchange’s chief executive marked the first tangible consequence of MSCI Inc.’s reform …
-
Business
German prosecutors’ raid on Deutsche Bank hurts the lender’s attempts to leave its long history of compliance failures in the past
German federal prosecutors descended on Deutsche Bank’s Frankfurt headquarters and Berlin offices Wednesday morning, conducting searches as part …
