Forbes Topline en © Forbes Media LLC Forbes Topline brings the day's top stories from the Forbes Breaking News desk directly to your feed. https://megaphone.imgix.net/podcasts/fbb9b836-2205-11f1-a886-efbe5b012d6e/image/f311e6ddb329fca86325c7391a344da7.jpg?ixlib=rails-4.3.1&max-w=3000&max-h=3000&fit=crop&auto=format,compress Forbes Topline no episodic Forbes Media LLC Forbes Topline brings the day's top stories from the Forbes Breaking News desk directly to your feed. Forbes Topline brings the day's top stories from the Forbes Breaking News desk directly to your feed.

]]> Forbes thepodcasts@forbes.com What We Know About Billionaire Peter Thiel’s Secret 'Dialog’ Society—Including Who’s Involved A leak of private information purportedly related to an ultra-secret society called “Dialog” founded by PayPal billionaire Peter Thiel has revealed the inner workings of an elite group to which hundreds of global leaders, business executives and billionaires belong. The documents, examined and revealed by Wired this week, show Thiel and investor Auren Hoffman co-founded Dialog in 2006 as a private, invitation-only and “bipartisan” network of influential people in technology, politics, academia, finance, government and beyond.  Dialog describes itself as a place for off-the-record relationships among leaders from different fields and ideological backgrounds, and the group hosts at least one in-person retreat per year at at lavish locations like the Ritz-Carlton Dove Mountain in Arizona, the Ritz Carlton in Santa Barbara, California and the San Clemente Palace in Venice. Learn more about your ad choices. Visit megaphone.fm/adchoices Fri, 19 Jun 2026 20:30:00 -0000 full Forbes Media LLC A leak of private information purportedly related to an ultra-secret society called “Dialog” founded by PayPal billionaire Peter Thiel has revealed the inner workings of an elite group to which hundreds of global leaders, business executives and billionaires belong. The documents, examined and revealed by Wired this week, show Thiel and investor Auren Hoffman co-founded Dialog in 2006 as a private, invitation-only and “bipartisan” network of influential people in technology, politics, academia, finance, government and beyond.  Dialog describes itself as a place for off-the-record relationships among leaders from different fields and ideological backgrounds, and the group hosts at least one in-person retreat per year at at lavish locations like the Ritz-Carlton Dove Mountain in Arizona, the Ritz Carlton in Santa Barbara, California and the San Clemente Palace in Venice. Learn more about your ad choices. Visit megaphone.fm/adchoices A leak of private information purportedly related to an ultra-secret society called “Dialog” founded by PayPal billionaire Peter Thiel has revealed the inner workings of an elite group to which hundreds of global leaders, business executives and billionaires belong.

The documents, examined and revealed by Wired this week, show Thiel and investor Auren Hoffman co-founded Dialog in 2006 as a private, invitation-only and “bipartisan” network of influential people in technology, politics, academia, finance, government and beyond. 

Dialog describes itself as a place for off-the-record relationships among leaders from different fields and ideological backgrounds, and the group hosts at least one in-person retreat per year at at lavish locations like the Ritz-Carlton Dove Mountain in Arizona, the Ritz Carlton in Santa Barbara, California and the San Clemente Palace in Venice.

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]]> 223 no What We Know About Potential $300 Billion For Iran In Peace Deal Iran could have access to up to $300 billion in reconstruction funds if it adheres to a peace agreement it recently struck with the U.S., according to Vice President JD Vance and multiple reports, though official terms of the deal remain scarce as President Donald Trump has seemingly denied the payout as “fake news.” Learn more about your ad choices. Visit megaphone.fm/adchoices Thu, 18 Jun 2026 20:30:00 -0000 full Forbes Media LLC Iran could have access to up to $300 billion in reconstruction funds if it adheres to a peace agreement it recently struck with the U.S., according to Vice President JD Vance and multiple reports, though official terms of the deal remain scarce as President Donald Trump has seemingly denied the payout as “fake news.” Learn more about your ad choices. Visit megaphone.fm/adchoices Iran could have access to up to $300 billion in reconstruction funds if it adheres to a peace agreement it recently struck with the U.S., according to Vice President JD Vance and multiple reports, though official terms of the deal remain scarce as President Donald Trump has seemingly denied the payout as “fake news.”

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]]> 199 no Fox Will Buy Roku For $22 Billion Fox Corporation on Monday announced it reached an agreement to buy the streaming service Roku for $22 billion, expanding Fox’s streaming portfolio in a transaction the companies said would create the “third-largest player in U.S. television.” Fox said it would acquire Roku for $160 per share in a deal the companies expect to include $400 million in savings. Fox CEO Lachlan Murdoch, the eldest son of billionaire Rupert Murdoch, called the deal a “defining moment” for Fox that brings “together the most valuable live content portfolio and video consumption with the preeminent streaming platform through which America watches it.” Learn more about your ad choices. Visit megaphone.fm/adchoices Wed, 17 Jun 2026 20:33:00 -0000 full Forbes Media LLC Fox Corporation on Monday announced it reached an agreement to buy the streaming service Roku for $22 billion, expanding Fox’s streaming portfolio in a transaction the companies said would create the “third-largest player in U.S. television.” Fox said it would acquire Roku for $160 per share in a deal the companies expect to include $400 million in savings. Fox CEO Lachlan Murdoch, the eldest son of billionaire Rupert Murdoch, called the deal a “defining moment” for Fox that brings “together the most valuable live content portfolio and video consumption with the preeminent streaming platform through which America watches it.” Learn more about your ad choices. Visit megaphone.fm/adchoices Fox Corporation on Monday announced it reached an agreement to buy the streaming service Roku for $22 billion, expanding Fox’s streaming portfolio in a transaction the companies said would create the “third-largest player in U.S. television.”

Fox said it would acquire Roku for $160 per share in a deal the companies expect to include $400 million in savings.

Fox CEO Lachlan Murdoch, the eldest son of billionaire Rupert Murdoch, called the deal a “defining moment” for Fox that brings “together the most valuable live content portfolio and video consumption with the preeminent streaming platform through which America watches it.”

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]]> 215 no Elon Musk Becomes The World's First Trillionaire Ever After SpaceX IPO Elon Musk just became the first trillionaire in world history. SpaceX’s stock began trading on the Nasdaq Friday at $150 per share, implying a nearly $2 trillion market cap for the company. Forbes estimates that Musk is now worth $1.1 trillion as of just before noon eastern Friday, up from $982 billion on Thursday, when SpaceX priced its IPO at $135 share. The IPO pricing boosted Musk’s fortune by $188 billion yesterday, according to Forbes’ calculations.  Musk, who serves as chairman, CEO and chief technical officer of SpaceX, owns 4.8 billion shares of the rocketmaker, worth $715 billion. He has another 350 million stock options with an exercise price of $8.40 per share, worth $50 billion, giving him a 38% stake in the company, worth $765 billion. Before SpaceX priced its IPO on Thursday, Forbes had been valuing Musk’s estimated 40% stake (before dilution from the offering) at around $500 billion, based on the $1.25 trillion valuation of SpaceX’s merger with Musk’s artificial intelligence and social media company xAI in February. (xAI previously merged with X–formerly Twitter–in March 2025.)  Musk also owns just over 10% of $1.5 trillion (market cap) Tesla, worth $163 billion, plus options to acquire another nearly 8% stake, worth $113 billion. Rounding out his net worth are smaller stakes in his brain interface startup Neuralink and his tunneling firm Boring Company, plus several billion dollars’ of wealth from previous Tesla share sales. Learn more about your ad choices. Visit megaphone.fm/adchoices Fri, 12 Jun 2026 20:30:00 -0000 full Forbes Media LLC Elon Musk just became the first trillionaire in world history. SpaceX’s stock began trading on the Nasdaq Friday at $150 per share, implying a nearly $2 trillion market cap for the company. Forbes estimates that Musk is now worth $1.1 trillion as of just before noon eastern Friday, up from $982 billion on Thursday, when SpaceX priced its IPO at $135 share. The IPO pricing boosted Musk’s fortune by $188 billion yesterday, according to Forbes’ calculations.  Musk, who serves as chairman, CEO and chief technical officer of SpaceX, owns 4.8 billion shares of the rocketmaker, worth $715 billion. He has another 350 million stock options with an exercise price of $8.40 per share, worth $50 billion, giving him a 38% stake in the company, worth $765 billion. Before SpaceX priced its IPO on Thursday, Forbes had been valuing Musk’s estimated 40% stake (before dilution from the offering) at around $500 billion, based on the $1.25 trillion valuation of SpaceX’s merger with Musk’s artificial intelligence and social media company xAI in February. (xAI previously merged with X–formerly Twitter–in March 2025.)  Musk also owns just over 10% of $1.5 trillion (market cap) Tesla, worth $163 billion, plus options to acquire another nearly 8% stake, worth $113 billion. Rounding out his net worth are smaller stakes in his brain interface startup Neuralink and his tunneling firm Boring Company, plus several billion dollars’ of wealth from previous Tesla share sales. Learn more about your ad choices. Visit megaphone.fm/adchoices Elon Musk just became the first trillionaire in world history. SpaceX’s stock began trading on the Nasdaq Friday at $150 per share, implying a nearly $2 trillion market cap for the company. Forbes estimates that Musk is now worth $1.1 trillion as of just before noon eastern Friday, up from $982 billion on Thursday, when SpaceX priced its IPO at $135 share. The IPO pricing boosted Musk’s fortune by $188 billion yesterday, according to Forbes’ calculations. 

Musk, who serves as chairman, CEO and chief technical officer of SpaceX, owns 4.8 billion shares of the rocketmaker, worth $715 billion. He has another 350 million stock options with an exercise price of $8.40 per share, worth $50 billion, giving him a 38% stake in the company, worth $765 billion. Before SpaceX priced its IPO on Thursday, Forbes had been valuing Musk’s estimated 40% stake (before dilution from the offering) at around $500 billion, based on the $1.25 trillion valuation of SpaceX’s merger with Musk’s artificial intelligence and social media company xAI in February. (xAI previously merged with X–formerly Twitter–in March 2025.) 

Musk also owns just over 10% of $1.5 trillion (market cap) Tesla, worth $163 billion, plus options to acquire another nearly 8% stake, worth $113 billion. Rounding out his net worth are smaller stakes in his brain interface startup Neuralink and his tunneling firm Boring Company, plus several billion dollars’ of wealth from previous Tesla share sales.

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]]> 239 no Larry Ellison’s Net Worth Plunges $10 Billion—Falls Behind Bezos To Fifth-Richest Larry Ellison’s fortune declined by more than $10 billion on Tuesday, dropping him behind Jeff Bezos to the No. 5 spot among the wealthiest as Oracle shares stumbled amid another broad decline for tech stocks. Shares of Oracle dropped by more than 4% as of Tuesday afternoon, extending losses of 17% over the last week, as other tech stocks headlined declines across the stock market, including Marvell (11.5%), AMD (7.2%), Micron (5.9%), Apple (3.8%) and Nvidia (2.6%). The latest intraday slide for Oracle lowered Ellison’s net worth by $10.4 billion, valued at $249.7 billion, ranking him behind Amazon’s Bezos ($252 billion) and Google cofounders Sergey Brin ($272.7 billion) and Larry Page ($295.6 billion), according to Forbes’ Real-Time Billionaires list. Learn more about your ad choices. Visit megaphone.fm/adchoices Thu, 11 Jun 2026 20:30:00 -0000 full Forbes Media LLC Larry Ellison’s fortune declined by more than $10 billion on Tuesday, dropping him behind Jeff Bezos to the No. 5 spot among the wealthiest as Oracle shares stumbled amid another broad decline for tech stocks. Shares of Oracle dropped by more than 4% as of Tuesday afternoon, extending losses of 17% over the last week, as other tech stocks headlined declines across the stock market, including Marvell (11.5%), AMD (7.2%), Micron (5.9%), Apple (3.8%) and Nvidia (2.6%). The latest intraday slide for Oracle lowered Ellison’s net worth by $10.4 billion, valued at $249.7 billion, ranking him behind Amazon’s Bezos ($252 billion) and Google cofounders Sergey Brin ($272.7 billion) and Larry Page ($295.6 billion), according to Forbes’ Real-Time Billionaires list. Learn more about your ad choices. Visit megaphone.fm/adchoices Larry Ellison’s fortune declined by more than $10 billion on Tuesday, dropping him behind Jeff Bezos to the No. 5 spot among the wealthiest as Oracle shares stumbled amid another broad decline for tech stocks.

Shares of Oracle dropped by more than 4% as of Tuesday afternoon, extending losses of 17% over the last week, as other tech stocks headlined declines across the stock market, including Marvell (11.5%), AMD (7.2%), Micron (5.9%), Apple (3.8%) and Nvidia (2.6%).

The latest intraday slide for Oracle lowered Ellison’s net worth by $10.4 billion, valued at $249.7 billion, ranking him behind Amazon’s Bezos ($252 billion) and Google cofounders Sergey Brin ($272.7 billion) and Larry Page ($295.6 billion), according to Forbes’ Real-Time Billionaires list.

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]]> 201 no Inflation Hit Highest Rate In 3 Years In May Inflation rose to its highest annual rate in three years in May, as surging oil costs once again fueled broader price increases amid a persistent conflict in the Middle East, according to federal data released Wednesday. Consumer prices increased 4.2% from May 2025 and 0.5% between April and May, the Bureau of Labor Statistics reported, matching consensus economist estimates, according to FactSet. That’s the first time inflation crossed the 4% annual rate since May 2023 (4%), and it’s the highest rate since April 2023 (4.9%). Learn more about your ad choices. Visit megaphone.fm/adchoices Wed, 10 Jun 2026 20:30:00 -0000 full Forbes Media LLC Inflation rose to its highest annual rate in three years in May, as surging oil costs once again fueled broader price increases amid a persistent conflict in the Middle East, according to federal data released Wednesday. Consumer prices increased 4.2% from May 2025 and 0.5% between April and May, the Bureau of Labor Statistics reported, matching consensus economist estimates, according to FactSet. That’s the first time inflation crossed the 4% annual rate since May 2023 (4%), and it’s the highest rate since April 2023 (4.9%). Learn more about your ad choices. Visit megaphone.fm/adchoices Inflation rose to its highest annual rate in three years in May, as surging oil costs once again fueled broader price increases amid a persistent conflict in the Middle East, according to federal data released Wednesday.

Consumer prices increased 4.2% from May 2025 and 0.5% between April and May, the Bureau of Labor Statistics reported, matching consensus economist estimates, according to FactSet.

That’s the first time inflation crossed the 4% annual rate since May 2023 (4%), and it’s the highest rate since April 2023 (4.9%).

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]]> 213 no OpenAI Has Filed Paperwork To Go Public OpenAI has confidentially filed an S-1 form for an initial public offering, the company said in a brief statement on Monday, about one week after artificial intelligence rival Anthropic did the same as several of the largest companies in the industry prepare to go public. In a brief statement released on Monday evening, OpenAI said it expected news of the confidential filing to leak, prompting it to announce the filing early. The company said it hasn’t decided when the highly anticipated IPO would take place, warning that quote “it may be a while because there are things we want to do that are likely easier as a private company.” Learn more about your ad choices. Visit megaphone.fm/adchoices Tue, 09 Jun 2026 20:30:00 -0000 full Forbes Media LLC OpenAI has confidentially filed an S-1 form for an initial public offering, the company said in a brief statement on Monday, about one week after artificial intelligence rival Anthropic did the same as several of the largest companies in the industry prepare to go public. In a brief statement released on Monday evening, OpenAI said it expected news of the confidential filing to leak, prompting it to announce the filing early. The company said it hasn’t decided when the highly anticipated IPO would take place, warning that quote “it may be a while because there are things we want to do that are likely easier as a private company.” Learn more about your ad choices. Visit megaphone.fm/adchoices OpenAI has confidentially filed an S-1 form for an initial public offering, the company said in a brief statement on Monday, about one week after artificial intelligence rival Anthropic did the same as several of the largest companies in the industry prepare to go public.

In a brief statement released on Monday evening, OpenAI said it expected news of the confidential filing to leak, prompting it to announce the filing early.

The company said it hasn’t decided when the highly anticipated IPO would take place, warning that quote “it may be a while because there are things we want to do that are likely easier as a private company.”

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]]> 224 no Elon Musk Boosts Unsubstantiated Claims About LA Mayor Election As Spencer Pratt Drops To Third Elon Musk early on Monday boosted unsubstantiated claims questioning the results of the primary elections in California, focusing specifically on the Los Angeles Mayoral primary, as the progressive Democratic candidate Nithya Raman overtook Republican Spencer Pratt's vote count, putting her on track to join incumbent mayor Karen Bass in a runoff. According to the Associated Press, 83% of the votes have been tallied so far in the Mayoral primary and Raman has secured 27.1% of the vote, putting her narrowly ahead of Pratt, who has 26.7%. AP has already called the race for Bass, who is moving ahead to the runoff, where she will be joined by either Pratt or Raman. Pratt, a former reality star whose campaign borrowed President Donald Trump’s playbook and leaned on dissatisfaction over Bass’ handling of last year’s wildfires, was leading Raman when the first tranche of votes was released last Tuesday night. Learn more about your ad choices. Visit megaphone.fm/adchoices Mon, 08 Jun 2026 20:30:00 -0000 full Forbes Media LLC Elon Musk early on Monday boosted unsubstantiated claims questioning the results of the primary elections in California, focusing specifically on the Los Angeles Mayoral primary, as the progressive Democratic candidate Nithya Raman overtook Republican Spencer Pratt's vote count, putting her on track to join incumbent mayor Karen Bass in a runoff. According to the Associated Press, 83% of the votes have been tallied so far in the Mayoral primary and Raman has secured 27.1% of the vote, putting her narrowly ahead of Pratt, who has 26.7%. AP has already called the race for Bass, who is moving ahead to the runoff, where she will be joined by either Pratt or Raman. Pratt, a former reality star whose campaign borrowed President Donald Trump’s playbook and leaned on dissatisfaction over Bass’ handling of last year’s wildfires, was leading Raman when the first tranche of votes was released last Tuesday night. Learn more about your ad choices. Visit megaphone.fm/adchoices Elon Musk early on Monday boosted unsubstantiated claims questioning the results of the primary elections in California, focusing specifically on the Los Angeles Mayoral primary, as the progressive Democratic candidate Nithya Raman overtook Republican Spencer Pratt's vote count, putting her on track to join incumbent mayor Karen Bass in a runoff.

According to the Associated Press, 83% of the votes have been tallied so far in the Mayoral primary and Raman has secured 27.1% of the vote, putting her narrowly ahead of Pratt, who has 26.7%.

AP has already called the race for Bass, who is moving ahead to the runoff, where she will be joined by either Pratt or Raman.

Pratt, a former reality star whose campaign borrowed President Donald Trump’s playbook and leaned on dissatisfaction over Bass’ handling of last year’s wildfires, was leading Raman when the first tranche of votes was released last Tuesday night.

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]]> 249 no Gautam Adani Becomes Asia’s Richest Billionaire As Net Worth Swells By $2 Billion Gautam Adani’s fortune increased by roughly $2.5 billion on Friday as shares rallied across his Adani Group subsidiaries, making him the richest person in Asia ahead of Mukesh Ambani, who briefly held the title. Adani’s net worth swelled to $89.2 billion, ranking him ahead of Ambani and SoftBank’s Masayoshi Son, who held the title of Asia’s richest before shares of the Japanese investment firm plunged on Thursday, according to Forbes’ Real-Time Billionaires list. A boost to Adani’s net worth followed a broader stock surge across companies under the umbrella of his Adani Group, including Adani Power (up 1.1%), Adani Ports (1.9%), Adani Enterprises (2.3%), Adani Green Energy (6.9%) and Adani Energy Solutions (3.8%). Learn more about your ad choices. Visit megaphone.fm/adchoices Fri, 05 Jun 2026 20:30:00 -0000 full Forbes Media LLC Gautam Adani’s fortune increased by roughly $2.5 billion on Friday as shares rallied across his Adani Group subsidiaries, making him the richest person in Asia ahead of Mukesh Ambani, who briefly held the title. Adani’s net worth swelled to $89.2 billion, ranking him ahead of Ambani and SoftBank’s Masayoshi Son, who held the title of Asia’s richest before shares of the Japanese investment firm plunged on Thursday, according to Forbes’ Real-Time Billionaires list. A boost to Adani’s net worth followed a broader stock surge across companies under the umbrella of his Adani Group, including Adani Power (up 1.1%), Adani Ports (1.9%), Adani Enterprises (2.3%), Adani Green Energy (6.9%) and Adani Energy Solutions (3.8%). Learn more about your ad choices. Visit megaphone.fm/adchoices Gautam Adani’s fortune increased by roughly $2.5 billion on Friday as shares rallied across his Adani Group subsidiaries, making him the richest person in Asia ahead of Mukesh Ambani, who briefly held the title.

Adani’s net worth swelled to $89.2 billion, ranking him ahead of Ambani and SoftBank’s Masayoshi Son, who held the title of Asia’s richest before shares of the Japanese investment firm plunged on Thursday, according to Forbes’ Real-Time Billionaires list.

A boost to Adani’s net worth followed a broader stock surge across companies under the umbrella of his Adani Group, including Adani Power (up 1.1%), Adani Ports (1.9%), Adani Enterprises (2.3%), Adani Green Energy (6.9%) and Adani Energy Solutions (3.8%).

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]]> 241 no Larry Ellison Becomes Third-Richest Man As Oracle Shares Hit Year’s High Oracle shares hit a 2026 intraday high Monday, extending a furious late-May rally that has recast the database pioneer as a marquee AI-infrastructure player and boosted the fortune of cofounder Larry Ellison, who holds roughly 40% of the company. Oracle traded as high as $233.72 Monday, after surging about 11% Friday to cap software's strongest month since 2001. The company has pivoted from a mature software vendor into a major player in the AI boom, renting compute power to the largest AI developers like OpenAI. Learn more about your ad choices. Visit megaphone.fm/adchoices Wed, 03 Jun 2026 20:30:00 -0000 full Forbes Media LLC Oracle shares hit a 2026 intraday high Monday, extending a furious late-May rally that has recast the database pioneer as a marquee AI-infrastructure player and boosted the fortune of cofounder Larry Ellison, who holds roughly 40% of the company. Oracle traded as high as $233.72 Monday, after surging about 11% Friday to cap software's strongest month since 2001. The company has pivoted from a mature software vendor into a major player in the AI boom, renting compute power to the largest AI developers like OpenAI. Learn more about your ad choices. Visit megaphone.fm/adchoices Oracle shares hit a 2026 intraday high Monday, extending a furious late-May rally that has recast the database pioneer as a marquee AI-infrastructure player and boosted the fortune of cofounder Larry Ellison, who holds roughly 40% of the company.

Oracle traded as high as $233.72 Monday, after surging about 11% Friday to cap software's strongest month since 2001.

The company has pivoted from a mature software vendor into a major player in the AI boom, renting compute power to the largest AI developers like OpenAI.

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]]> 250 no Knicks Finals Tickets Cost More Than Manhattan Rent, Mortgages, More he first NBA Finals appearance in decades for the New York Knicks comes with a hefty cost for fans, who will have to pay thousands of dollars for even the cheapest seats inside Madison Square Garden—rivaling the average monthly rent for a Manhattan apartment, the average price of an engagement ring and several transatlantic flights. The Knicks first host the San Antonio Spurs at Madison Square Garden on June 8 for Game 3, with the cheapest resale ticket priced at $4,247, before the get-in price drops slightly to $3,728 for Game 4 on June 10, according to TickPick. If the series extends to a Game 6, the cheapest price for a ticket to the late-series game rises to a Finals high of $4,917 for Game 6, according to TickPick. Learn more about your ad choices. Visit megaphone.fm/adchoices Tue, 02 Jun 2026 20:30:00 -0000 full Forbes Media LLC he first NBA Finals appearance in decades for the New York Knicks comes with a hefty cost for fans, who will have to pay thousands of dollars for even the cheapest seats inside Madison Square Garden—rivaling the average monthly rent for a Manhattan apartment, the average price of an engagement ring and several transatlantic flights. The Knicks first host the San Antonio Spurs at Madison Square Garden on June 8 for Game 3, with the cheapest resale ticket priced at $4,247, before the get-in price drops slightly to $3,728 for Game 4 on June 10, according to TickPick. If the series extends to a Game 6, the cheapest price for a ticket to the late-series game rises to a Finals high of $4,917 for Game 6, according to TickPick. Learn more about your ad choices. Visit megaphone.fm/adchoices he first NBA Finals appearance in decades for the New York Knicks comes with a hefty cost for fans, who will have to pay thousands of dollars for even the cheapest seats inside Madison Square Garden—rivaling the average monthly rent for a Manhattan apartment, the average price of an engagement ring and several transatlantic flights.

The Knicks first host the San Antonio Spurs at Madison Square Garden on June 8 for Game 3, with the cheapest resale ticket priced at $4,247, before the get-in price drops slightly to $3,728 for Game 4 on June 10, according to TickPick.

If the series extends to a Game 6, the cheapest price for a ticket to the late-series game rises to a Finals high of $4,917 for Game 6, according to TickPick.

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]]> 242 no Anthropic Confidentially Files For Its Highly Anticipated IPO Claude maker Anthropic has confidentially filed initial paperwork with the Securities and Exchange Commission, taking a step toward a potential initial public offering that could reportedly come as early as late 2026. The filing sets neither a share count nor a price.  The move arrives just days after the company closed a $65 billion round that valued it at $965 billion—eclipsing rival OpenAI and cementing its status as the most valuable startup in artificial intelligence. Anthropic’s most recent round nearly tripled its valuation of $380 billion in roughly three months. Learn more about your ad choices. Visit megaphone.fm/adchoices Mon, 01 Jun 2026 20:30:00 -0000 full Forbes Media LLC Claude maker Anthropic has confidentially filed initial paperwork with the Securities and Exchange Commission, taking a step toward a potential initial public offering that could reportedly come as early as late 2026. The filing sets neither a share count nor a price.  The move arrives just days after the company closed a $65 billion round that valued it at $965 billion—eclipsing rival OpenAI and cementing its status as the most valuable startup in artificial intelligence. Anthropic’s most recent round nearly tripled its valuation of $380 billion in roughly three months. Learn more about your ad choices. Visit megaphone.fm/adchoices Claude maker Anthropic has confidentially filed initial paperwork with the Securities and Exchange Commission, taking a step toward a potential initial public offering that could reportedly come as early as late 2026.

The filing sets neither a share count nor a price. 

The move arrives just days after the company closed a $65 billion round that valued it at $965 billion—eclipsing rival OpenAI and cementing its status as the most valuable startup in artificial intelligence.

Anthropic’s most recent round nearly tripled its valuation of $380 billion in roughly three months.

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]]> 238 no Rich Americans Are Collecting Citizenships As ‘Plan B’ In Uncertain Times Uber-rich Americans are collecting multiple residencies and citizenships for the same reason they diversify their stock portfolios—to hedge against risk in an unpredictable world, investment migration experts tell Forbes. The U.S. has replaced China as the largest market for clients seeking secondary or tertiary citizenships, Eric Major, CEO and chairman of the investment migration advisory firm Latitude World, told Forbes. Learn more about your ad choices. Visit megaphone.fm/adchoices Fri, 29 May 2026 20:30:00 -0000 full Forbes Media LLC Uber-rich Americans are collecting multiple residencies and citizenships for the same reason they diversify their stock portfolios—to hedge against risk in an unpredictable world, investment migration experts tell Forbes. The U.S. has replaced China as the largest market for clients seeking secondary or tertiary citizenships, Eric Major, CEO and chairman of the investment migration advisory firm Latitude World, told Forbes. Learn more about your ad choices. Visit megaphone.fm/adchoices Uber-rich Americans are collecting multiple residencies and citizenships for the same reason they diversify their stock portfolios—to hedge against risk in an unpredictable world, investment migration experts tell Forbes.

The U.S. has replaced China as the largest market for clients seeking secondary or tertiary citizenships, Eric Major, CEO and chairman of the investment migration advisory firm Latitude World, told Forbes.

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]]> 257 no Memory Chip Maker Micron Joins The Trillion-Dollar Club UBS analysts raised their price target more than threefold to $1,625, implying a potential valuation of close to $1.8 trillion for the company in the next 12 months. The upgrade was the highest target of any of the 46 Wall Street firms covering Micron, well above the consensus price target of $684.32, per FactSet data Micron is up 177% this year and has surged more than 800% over the past 12 months, making it one of the best-performing stocks in the S&P 500 this year. Learn more about your ad choices. Visit megaphone.fm/adchoices Thu, 28 May 2026 20:30:00 -0000 full Forbes Media LLC UBS analysts raised their price target more than threefold to $1,625, implying a potential valuation of close to $1.8 trillion for the company in the next 12 months. The upgrade was the highest target of any of the 46 Wall Street firms covering Micron, well above the consensus price target of $684.32, per FactSet data Micron is up 177% this year and has surged more than 800% over the past 12 months, making it one of the best-performing stocks in the S&P 500 this year. Learn more about your ad choices. Visit megaphone.fm/adchoices UBS analysts raised their price target more than threefold to $1,625, implying a potential valuation of close to $1.8 trillion for the company in the next 12 months.

The upgrade was the highest target of any of the 46 Wall Street firms covering Micron, well above the consensus price target of $684.32, per FactSet data

Micron is up 177% this year and has surged more than 800% over the past 12 months, making it one of the best-performing stocks in the S&P 500 this year.

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]]> 240 no Ferrari’s First EV Divides The Internet: Here’s Why Sports Car Fans Hate The Luce The unveiling of a new electric supercar from Ferrari sharply divided the internet Tuesday morning as traditionalists decried the design as “an Apple product on wheels” and supporters praised the luxury brand’s bold attempt at a reinvention. Ferrari's unveiling of the Luce—a $640,000 speedster and its first ever electric model—sent shares down around 6% Tuesday morning as the brand’s fans slammed the new model as an abandonment of its identity, specifically noting its aggressive styling. The car was designed in collaboration with former Apple designer Jony Ive and his business partner Marc Newson, who are credited with designing the Apple Watch, and the pair brought a distinctive Silicon Valley style to the Luce. Learn more about your ad choices. Visit megaphone.fm/adchoices Wed, 27 May 2026 20:30:00 -0000 full Forbes Media LLC The unveiling of a new electric supercar from Ferrari sharply divided the internet Tuesday morning as traditionalists decried the design as “an Apple product on wheels” and supporters praised the luxury brand’s bold attempt at a reinvention. Ferrari's unveiling of the Luce—a $640,000 speedster and its first ever electric model—sent shares down around 6% Tuesday morning as the brand’s fans slammed the new model as an abandonment of its identity, specifically noting its aggressive styling. The car was designed in collaboration with former Apple designer Jony Ive and his business partner Marc Newson, who are credited with designing the Apple Watch, and the pair brought a distinctive Silicon Valley style to the Luce. Learn more about your ad choices. Visit megaphone.fm/adchoices The unveiling of a new electric supercar from Ferrari sharply divided the internet Tuesday morning as traditionalists decried the design as “an Apple product on wheels” and supporters praised the luxury brand’s bold attempt at a reinvention.

Ferrari's unveiling of the Luce—a $640,000 speedster and its first ever electric model—sent shares down around 6% Tuesday morning as the brand’s fans slammed the new model as an abandonment of its identity, specifically noting its aggressive styling.

The car was designed in collaboration with former Apple designer Jony Ive and his business partner Marc Newson, who are credited with designing the Apple Watch, and the pair brought a distinctive Silicon Valley style to the Luce.

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]]> 239 no U.S. Will Invest $2 Billion In Quantum Computing Firms And Take Equity The U.S. will invest $2 billion in grant funding in return for equity stakes in nine quantum computing companies, the Wall Street Journal first reported citing the Commerce Department, including a $1 billion grant for IBM as the Trump administration’s push to take equity stakes in tech and industrial manufacturers continues. Legacy tech firm IBM is expected to receive the largest grant, worth about $1 billion, which it will use alongside $1 billion of its own funds to build a quantum chip foundry to build the specialized semiconductors necessary to power quantum computers in the U.S., the company announced in a separate press release on Thursday. Learn more about your ad choices. Visit megaphone.fm/adchoices Fri, 22 May 2026 20:30:00 -0000 full Forbes Media LLC The U.S. will invest $2 billion in grant funding in return for equity stakes in nine quantum computing companies, the Wall Street Journal first reported citing the Commerce Department, including a $1 billion grant for IBM as the Trump administration’s push to take equity stakes in tech and industrial manufacturers continues. Legacy tech firm IBM is expected to receive the largest grant, worth about $1 billion, which it will use alongside $1 billion of its own funds to build a quantum chip foundry to build the specialized semiconductors necessary to power quantum computers in the U.S., the company announced in a separate press release on Thursday. Learn more about your ad choices. Visit megaphone.fm/adchoices The U.S. will invest $2 billion in grant funding in return for equity stakes in nine quantum computing companies, the Wall Street Journal first reported citing the Commerce Department, including a $1 billion grant for IBM as the Trump administration’s push to take equity stakes in tech and industrial manufacturers continues.

Legacy tech firm IBM is expected to receive the largest grant, worth about $1 billion, which it will use alongside $1 billion of its own funds to build a quantum chip foundry to build the specialized semiconductors necessary to power quantum computers in the U.S., the company announced in a separate press release on Thursday.

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]]> 244 no Elon Musk’s SpaceX Files For Highly Anticipated IPO Elon Musk’s SpaceX confirmed in a Wednesday filing with the Securities and Exchange Commission it will take the company public, a multi-trillion-dollar move that could potentially turn Musk into the world’s first trillionaire. Spacex’s IPO valuation could reach between $1.75 trillion and $2 trillion, according to multiple reports, which would best the previous all-time IPO valuation record of $1.7 trillion set by Saudi Aramco in 2019. Learn more about your ad choices. Visit megaphone.fm/adchoices Thu, 21 May 2026 20:30:00 -0000 full Forbes Media LLC Elon Musk’s SpaceX confirmed in a Wednesday filing with the Securities and Exchange Commission it will take the company public, a multi-trillion-dollar move that could potentially turn Musk into the world’s first trillionaire. Spacex’s IPO valuation could reach between $1.75 trillion and $2 trillion, according to multiple reports, which would best the previous all-time IPO valuation record of $1.7 trillion set by Saudi Aramco in 2019. Learn more about your ad choices. Visit megaphone.fm/adchoices Elon Musk’s SpaceX confirmed in a Wednesday filing with the Securities and Exchange Commission it will take the company public, a multi-trillion-dollar move that could potentially turn Musk into the world’s first trillionaire.

Spacex’s IPO valuation could reach between $1.75 trillion and $2 trillion, according to multiple reports, which would best the previous all-time IPO valuation record of $1.7 trillion set by Saudi Aramco in 2019.

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]]> 195 no SpaceX Could Face ‘Musk Effect’ With Major Risks After IPO Details of SpaceX’s IPO are expected to be made public this week as it accelerates plans for a stock debut that will likely make CEO Elon Musk the world’s first trillionaire, but one analyst warned that trading may be volatile as the stock faces “substantial” downside risks. SpaceX, which filed confidential initial public offering registration with the Securities and Exchange Commission in April, will likely make public its paperwork—offering insight into the firm’s operations and finances—this week as it plans for a June 12 debut on the Nasdaq, the Wall Street Journal reported, citing people familiar with the matter. Some have expressed concerns about SpaceX’s stock listing, including PitchBook analyst Franco Granda, who wrote in March that SpaceX may act like Tesla’s stock “on steroids,” suggesting trading volatility. Learn more about your ad choices. Visit megaphone.fm/adchoices Wed, 20 May 2026 20:30:00 -0000 full Forbes Media LLC Details of SpaceX’s IPO are expected to be made public this week as it accelerates plans for a stock debut that will likely make CEO Elon Musk the world’s first trillionaire, but one analyst warned that trading may be volatile as the stock faces “substantial” downside risks. SpaceX, which filed confidential initial public offering registration with the Securities and Exchange Commission in April, will likely make public its paperwork—offering insight into the firm’s operations and finances—this week as it plans for a June 12 debut on the Nasdaq, the Wall Street Journal reported, citing people familiar with the matter. Some have expressed concerns about SpaceX’s stock listing, including PitchBook analyst Franco Granda, who wrote in March that SpaceX may act like Tesla’s stock “on steroids,” suggesting trading volatility. Learn more about your ad choices. Visit megaphone.fm/adchoices Details of SpaceX’s IPO are expected to be made public this week as it accelerates plans for a stock debut that will likely make CEO Elon Musk the world’s first trillionaire, but one analyst warned that trading may be volatile as the stock faces “substantial” downside risks.

SpaceX, which filed confidential initial public offering registration with the Securities and Exchange Commission in April, will likely make public its paperwork—offering insight into the firm’s operations and finances—this week as it plans for a June 12 debut on the Nasdaq, the Wall Street Journal reported, citing people familiar with the matter.

Some have expressed concerns about SpaceX’s stock listing, including PitchBook analyst Franco Granda, who wrote in March that SpaceX may act like Tesla’s stock “on steroids,” suggesting trading volatility.

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]]> 242 no Jury Dismisses Elon Musk's OpenAI Lawsuit Over Missed Deadline, But His Lawyer Promises Appeal A jury declared Elon Musk filed his lawsuit against OpenAI and Sam Altman too late in a Monday afternoon verdict, finding the defendants not liable for any of the claims and ending a dramatic court showdown between two of the AI industry’s leading billionaires—at least for now, as a Musk lawyer says he plans to appeal. Musk filed a lawsuit against Altman and OpenAI in 2024, alleging Altman reneged on an initial promise to operate the AI company as a nonprofit for the public good, making claims of unjust enrichment and breach of charitable trust. Musk’s claims, though, were subject to three-year statutes of limitations, and the jury ruled Monday after two hours of deliberation that he had missed the deadlines to file his lawsuit. Learn more about your ad choices. Visit megaphone.fm/adchoices Tue, 19 May 2026 07:30:00 -0000 full Forbes Media LLC A jury declared Elon Musk filed his lawsuit against OpenAI and Sam Altman too late in a Monday afternoon verdict, finding the defendants not liable for any of the claims and ending a dramatic court showdown between two of the AI industry’s leading billionaires—at least for now, as a Musk lawyer says he plans to appeal. Musk filed a lawsuit against Altman and OpenAI in 2024, alleging Altman reneged on an initial promise to operate the AI company as a nonprofit for the public good, making claims of unjust enrichment and breach of charitable trust. Musk’s claims, though, were subject to three-year statutes of limitations, and the jury ruled Monday after two hours of deliberation that he had missed the deadlines to file his lawsuit. Learn more about your ad choices. Visit megaphone.fm/adchoices A jury declared Elon Musk filed his lawsuit against OpenAI and Sam Altman too late in a Monday afternoon verdict, finding the defendants not liable for any of the claims and ending a dramatic court showdown between two of the AI industry’s leading billionaires—at least for now, as a Musk lawyer says he plans to appeal.

Musk filed a lawsuit against Altman and OpenAI in 2024, alleging Altman reneged on an initial promise to operate the AI company as a nonprofit for the public good, making claims of unjust enrichment and breach of charitable trust.

Musk’s claims, though, were subject to three-year statutes of limitations, and the jury ruled Monday after two hours of deliberation that he had missed the deadlines to file his lawsuit.

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]]> 197 no Trump Gets $1.8 Billion Payday With ‘Anti-Weaponization’ Fund As He Drops IRS Case President Donald Trump voluntarily dropped his $10 billion lawsuit against the IRS on Monday in exchange for a $1.8 billion “anti-weaponization” fund that is expected to pay out money to Jan. 6 rioters, a broadly controversial move that’s already drawn widespread outrage from Democrats and ethics experts. Learn more about your ad choices. Visit megaphone.fm/adchoices Mon, 18 May 2026 20:30:00 -0000 full Forbes Media LLC President Donald Trump voluntarily dropped his $10 billion lawsuit against the IRS on Monday in exchange for a $1.8 billion “anti-weaponization” fund that is expected to pay out money to Jan. 6 rioters, a broadly controversial move that’s already drawn widespread outrage from Democrats and ethics experts. Learn more about your ad choices. Visit megaphone.fm/adchoices President Donald Trump voluntarily dropped his $10 billion lawsuit against the IRS on Monday in exchange for a $1.8 billion “anti-weaponization” fund that is expected to pay out money to Jan. 6 rioters, a broadly controversial move that’s already drawn widespread outrage from Democrats and ethics experts.

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]]> 265 no Iran War Costs Have Increased $4 Billion—Some Estimates Say It’s Closer To $200 Billion The cost of the Iran war has ballooned $4 billion since the Pentagon’s last public estimate less than two weeks ago, officials said Tuesday—though the economic costs of the war are likely significantly higher. The war has cost around $29 billion, Defense Department Comptroller Jay Hurst told Congress Tuesday, attributing the increase to “updated repair and replacement of equipment cost and also just general operational cost.” Learn more about your ad choices. Visit megaphone.fm/adchoices Fri, 15 May 2026 20:30:00 -0000 full Forbes Media LLC The cost of the Iran war has ballooned $4 billion since the Pentagon’s last public estimate less than two weeks ago, officials said Tuesday—though the economic costs of the war are likely significantly higher. The war has cost around $29 billion, Defense Department Comptroller Jay Hurst told Congress Tuesday, attributing the increase to “updated repair and replacement of equipment cost and also just general operational cost.” Learn more about your ad choices. Visit megaphone.fm/adchoices The cost of the Iran war has ballooned $4 billion since the Pentagon’s last public estimate less than two weeks ago, officials said Tuesday—though the economic costs of the war are likely significantly higher.

The war has cost around $29 billion, Defense Department Comptroller Jay Hurst told Congress Tuesday, attributing the increase to “updated repair and replacement of equipment cost and also just general operational cost.”

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]]> 218 no From Diet Coke To AI Chips: How The Iran War Is Causing Critical Global Shortages From snack packaging to AI chips, the Iran War's supply chain blockades are causing severe global shortages across consumer and industrial goods. Calbee, Japan's biggest snack maker, on Tuesday warned its products will switch from their famously colorful packaging to black-and-white labels by the end of the month due to an Iran war-spurred shortage of an ink ingredient, the latest disruption to hit the supply chain due to the conflict in the Middle East. The packaging change is reportedly due to a shortage of naptha, an ink ingredient derived from petroleum, of which Japan imports 40% of its consumption from the Middle East via the Strait of Hormuz shipping channel that has been closed since the U.S. and Israel attacked Iran at the end of February. The closure of the strait has caused other shortages around the world, including in India, where a lack of the aluminum needed to make cans has led to a scarcity of Diet Coke and spurred "Diet Coke parties," where the drink is treated as limited-availability item and often sold at significant markups. Learn more about your ad choices. Visit megaphone.fm/adchoices Thu, 14 May 2026 20:30:00 -0000 full Forbes Media LLC From snack packaging to AI chips, the Iran War's supply chain blockades are causing severe global shortages across consumer and industrial goods. Calbee, Japan's biggest snack maker, on Tuesday warned its products will switch from their famously colorful packaging to black-and-white labels by the end of the month due to an Iran war-spurred shortage of an ink ingredient, the latest disruption to hit the supply chain due to the conflict in the Middle East. The packaging change is reportedly due to a shortage of naptha, an ink ingredient derived from petroleum, of which Japan imports 40% of its consumption from the Middle East via the Strait of Hormuz shipping channel that has been closed since the U.S. and Israel attacked Iran at the end of February. The closure of the strait has caused other shortages around the world, including in India, where a lack of the aluminum needed to make cans has led to a scarcity of Diet Coke and spurred "Diet Coke parties," where the drink is treated as limited-availability item and often sold at significant markups. Learn more about your ad choices. Visit megaphone.fm/adchoices From snack packaging to AI chips, the Iran War's supply chain blockades are causing severe global shortages across consumer and industrial goods.

Calbee, Japan's biggest snack maker, on Tuesday warned its products will switch from their famously colorful packaging to black-and-white labels by the end of the month due to an Iran war-spurred shortage of an ink ingredient, the latest disruption to hit the supply chain due to the conflict in the Middle East.

The packaging change is reportedly due to a shortage of naptha, an ink ingredient derived from petroleum, of which Japan imports 40% of its consumption from the Middle East via the Strait of Hormuz shipping channel that has been closed since the U.S. and Israel attacked Iran at the end of February.

The closure of the strait has caused other shortages around the world, including in India, where a lack of the aluminum needed to make cans has led to a scarcity of Diet Coke and spurred "Diet Coke parties," where the drink is treated as limited-availability item and often sold at significant markups.

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]]> 223 no Nvidia Hits Record $5.5 Trillion Value—First Company To Ever Reach Mark Nvidia’s value reached the $5.5 trillion mark for the first time Wednesday, again breaking the record for the highest ever market capitalization in the history of publicly traded companies, as its stock rallied following news that centibillionaire CEO Jensen Huang is joining President Donald Trump’s trip to China. Nvidia’s market cap reached just over $5.5 trillion as shares surged 3% as of early afternoon. The rise in shares was accompanied by news that Huang was traveling with Trump to China, where the president will meet with Chinese President Xi Jinping, following earlier reports that said he was not invited. Learn more about your ad choices. Visit megaphone.fm/adchoices Wed, 13 May 2026 20:30:00 -0000 full Forbes Media LLC Nvidia’s value reached the $5.5 trillion mark for the first time Wednesday, again breaking the record for the highest ever market capitalization in the history of publicly traded companies, as its stock rallied following news that centibillionaire CEO Jensen Huang is joining President Donald Trump’s trip to China. Nvidia’s market cap reached just over $5.5 trillion as shares surged 3% as of early afternoon. The rise in shares was accompanied by news that Huang was traveling with Trump to China, where the president will meet with Chinese President Xi Jinping, following earlier reports that said he was not invited. Learn more about your ad choices. Visit megaphone.fm/adchoices Nvidia’s value reached the $5.5 trillion mark for the first time Wednesday, again breaking the record for the highest ever market capitalization in the history of publicly traded companies, as its stock rallied following news that centibillionaire CEO Jensen Huang is joining President Donald Trump’s trip to China.

Nvidia’s market cap reached just over $5.5 trillion as shares surged 3% as of early afternoon.

The rise in shares was accompanied by news that Huang was traveling with Trump to China, where the president will meet with Chinese President Xi Jinping, following earlier reports that said he was not invited.

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]]> 224 no Trump Reportedly Invites Billionaire Delegation To China For Xi Meeting President Donald Trump reportedly invited a group of billionaires—worth a combined $870 billion, according to our estimates—to join him on his trip to China this week to meet Chinese President Xi Jinping, their first summit of Trump’s second term, which comes amid tensions over trade, the war in Iran and the future of artificial intelligence. Tesla’s Elon Musk, Blackstone’s Stephen Schwarzman, Apple’s Tim Cook, General Electric’s Larry Culp and BlackRock’s Larry Fink are among the billionaires expected to travel to Beijing with Trump, Bloomberg reported, citing an unnamed White House official. Other high-profile CEOs joining the trip include Boeing’s Kelly Ortberg, Goldman Sachs’ David Solomon and Citigroup’s Jane Fraser, among 17 total executives from U.S. companies reportedly expected to attend the summit. Learn more about your ad choices. Visit megaphone.fm/adchoices Tue, 12 May 2026 20:30:00 -0000 full Forbes Media LLC President Donald Trump reportedly invited a group of billionaires—worth a combined $870 billion, according to our estimates—to join him on his trip to China this week to meet Chinese President Xi Jinping, their first summit of Trump’s second term, which comes amid tensions over trade, the war in Iran and the future of artificial intelligence. Tesla’s Elon Musk, Blackstone’s Stephen Schwarzman, Apple’s Tim Cook, General Electric’s Larry Culp and BlackRock’s Larry Fink are among the billionaires expected to travel to Beijing with Trump, Bloomberg reported, citing an unnamed White House official. Other high-profile CEOs joining the trip include Boeing’s Kelly Ortberg, Goldman Sachs’ David Solomon and Citigroup’s Jane Fraser, among 17 total executives from U.S. companies reportedly expected to attend the summit. Learn more about your ad choices. Visit megaphone.fm/adchoices President Donald Trump reportedly invited a group of billionaires—worth a combined $870 billion, according to our estimates—to join him on his trip to China this week to meet Chinese President Xi Jinping, their first summit of Trump’s second term, which comes amid tensions over trade, the war in Iran and the future of artificial intelligence.

Tesla’s Elon Musk, Blackstone’s Stephen Schwarzman, Apple’s Tim Cook, General Electric’s Larry Culp and BlackRock’s Larry Fink are among the billionaires expected to travel to Beijing with Trump, Bloomberg reported, citing an unnamed White House official.

Other high-profile CEOs joining the trip include Boeing’s Kelly Ortberg, Goldman Sachs’ David Solomon and Citigroup’s Jane Fraser, among 17 total executives from U.S. companies reportedly expected to attend the summit.

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]]> 250 no Jet Fuel Shortage In ‘Crisis Mode’ Leading To More Flight Cuts And Higher Airfares With the Strait of Hormuz closed for nearly 10 weeks, much of the world is running out of jet fuel and summer vacation plans could be disrupted, energy experts told Forbes. “It’s not going to be a short-term issue, because it can’t be easily solved,” Matt Smith, director of commodity research at Kpler, the energy data and analytics platform, told Forbes, having likened the jet fuel shortage to a “slow-motion car crash.” “We’re going to be in crisis mode,” John Gradek, who teaches aviation risk management at McGill University, told Forbes, noting “the industry has never seen this before, where the actual supply of the product needed to support aviation, that pipeline, is drying up.” Learn more about your ad choices. Visit megaphone.fm/adchoices Mon, 11 May 2026 20:30:00 -0000 full Forbes Media LLC With the Strait of Hormuz closed for nearly 10 weeks, much of the world is running out of jet fuel and summer vacation plans could be disrupted, energy experts told Forbes. “It’s not going to be a short-term issue, because it can’t be easily solved,” Matt Smith, director of commodity research at Kpler, the energy data and analytics platform, told Forbes, having likened the jet fuel shortage to a “slow-motion car crash.” “We’re going to be in crisis mode,” John Gradek, who teaches aviation risk management at McGill University, told Forbes, noting “the industry has never seen this before, where the actual supply of the product needed to support aviation, that pipeline, is drying up.” Learn more about your ad choices. Visit megaphone.fm/adchoices With the Strait of Hormuz closed for nearly 10 weeks, much of the world is running out of jet fuel and summer vacation plans could be disrupted, energy experts told Forbes.

“It’s not going to be a short-term issue, because it can’t be easily solved,” Matt Smith, director of commodity research at Kpler, the energy data and analytics platform, told Forbes, having likened the jet fuel shortage to a “slow-motion car crash.”

“We’re going to be in crisis mode,” John Gradek, who teaches aviation risk management at McGill University, told Forbes, noting “the industry has never seen this before, where the actual supply of the product needed to support aviation, that pipeline, is drying up.”

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]]> 213 no Americans Among Dozens Of Passengers Who Disembarked Hantavirus-Infected Cruise Ship The World Health Organization has confirmed dozens of people, including Americans, left the ship upon which a hantavirus outbreak has killed several people and flew home after the death of the first passenger but before they knew they’d been exposed to a contagious and deadly disease. On Thursday, May 7th, Oceanwide Expeditions, operator of the cruise ship MV Hondius, says at least 29 living passengers from 12 countries disembarked the ship and went home after the death of the first passenger on board. This was before officials knew of the outbreak.  Those countries are Canada, Denmark, Germany, Netherlands, New Zealand, Switzerland, Sweden, Singapore, Saint Kitts and Nevis, Turkey, United Kingdom and the United States. Learn more about your ad choices. Visit megaphone.fm/adchoices Thu, 07 May 2026 20:34:00 -0000 full Forbes Media LLC The World Health Organization has confirmed dozens of people, including Americans, left the ship upon which a hantavirus outbreak has killed several people and flew home after the death of the first passenger but before they knew they’d been exposed to a contagious and deadly disease. On Thursday, May 7th, Oceanwide Expeditions, operator of the cruise ship MV Hondius, says at least 29 living passengers from 12 countries disembarked the ship and went home after the death of the first passenger on board. This was before officials knew of the outbreak.  Those countries are Canada, Denmark, Germany, Netherlands, New Zealand, Switzerland, Sweden, Singapore, Saint Kitts and Nevis, Turkey, United Kingdom and the United States. Learn more about your ad choices. Visit megaphone.fm/adchoices The World Health Organization has confirmed dozens of people, including Americans, left the ship upon which a hantavirus outbreak has killed several people and flew home after the death of the first passenger but before they knew they’d been exposed to a contagious and deadly disease.

On Thursday, May 7th, Oceanwide Expeditions, operator of the cruise ship MV Hondius, says at least 29 living passengers from 12 countries disembarked the ship and went home after the death of the first passenger on board. This was before officials knew of the outbreak. 

Those countries are Canada, Denmark, Germany, Netherlands, New Zealand, Switzerland, Sweden, Singapore, Saint Kitts and Nevis, Turkey, United Kingdom and the United States.

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]]> 221 no U.S. Hotels Say World Cup Is ‘Non-Event’ So Far FIFA hyped the World Cup as an economic juggernaut for the U.S.—but with five weeks until the tournament kicks off, the hotel industry says advanced bookings in some host cities are on par or lagging any ordinary summer. Nearly 80% of U.S. hoteliers in 11 World Cup host cities say bookings are tracking below original forecasts, with some describing the tournament as a “non-event,” according to an American Hotel & Lodging Association (AHLA) survey of members released Monday. Learn more about your ad choices. Visit megaphone.fm/adchoices Wed, 06 May 2026 20:30:00 -0000 full Forbes Media LLC FIFA hyped the World Cup as an economic juggernaut for the U.S.—but with five weeks until the tournament kicks off, the hotel industry says advanced bookings in some host cities are on par or lagging any ordinary summer. Nearly 80% of U.S. hoteliers in 11 World Cup host cities say bookings are tracking below original forecasts, with some describing the tournament as a “non-event,” according to an American Hotel & Lodging Association (AHLA) survey of members released Monday. Learn more about your ad choices. Visit megaphone.fm/adchoices FIFA hyped the World Cup as an economic juggernaut for the U.S.—but with five weeks until the tournament kicks off, the hotel industry says advanced bookings in some host cities are on par or lagging any ordinary summer.

Nearly 80% of U.S. hoteliers in 11 World Cup host cities say bookings are tracking below original forecasts, with some describing the tournament as a “non-event,” according to an American Hotel & Lodging Association (AHLA) survey of members released Monday.

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]]> 232 no It’s Not Just Spirit: These Budget Airlines Are ‘Burning Cash’—Putting Low-Cost Fares At Risk The jet fuel crisis was the straw that broke Spirit Airlines’ back, but other budget airlines are also struggling to be profitable and losing market share—a potential warning for cost-conscious travelers, aviation experts tell Forbes. Low-cost carriers—including Allegiant, Frontier, JetBlue, Southwest, Spirit and Sun Country—combined for 35.5% of market share in February, down from 38.2% a year earlier, according to Cirium data. Spirit flew 1.7 million passengers in February—a 24% year-over-year drop, per Cirium. Learn more about your ad choices. Visit megaphone.fm/adchoices Tue, 05 May 2026 20:30:00 -0000 full Forbes Media LLC The jet fuel crisis was the straw that broke Spirit Airlines’ back, but other budget airlines are also struggling to be profitable and losing market share—a potential warning for cost-conscious travelers, aviation experts tell Forbes. Low-cost carriers—including Allegiant, Frontier, JetBlue, Southwest, Spirit and Sun Country—combined for 35.5% of market share in February, down from 38.2% a year earlier, according to Cirium data. Spirit flew 1.7 million passengers in February—a 24% year-over-year drop, per Cirium. Learn more about your ad choices. Visit megaphone.fm/adchoices The jet fuel crisis was the straw that broke Spirit Airlines’ back, but other budget airlines are also struggling to be profitable and losing market share—a potential warning for cost-conscious travelers, aviation experts tell Forbes.

Low-cost carriers—including Allegiant, Frontier, JetBlue, Southwest, Spirit and Sun Country—combined for 35.5% of market share in February, down from 38.2% a year earlier, according to Cirium data.

Spirit flew 1.7 million passengers in February—a 24% year-over-year drop, per Cirium.

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]]> 244 no AI Music Generator Suno Eyes $5 Billion Valuation After Latest Funding Round Suno, the AI music generation company that has attracted a staggering 100 million users is reportedly nearing a close of a funding round that could value it at more than $5 billion, more than double what it was valued after its last funding round in November. Suno is expected to close a Series D funding round in the coming weeks, Axios and Billboard reported Monday morning, which Axios reported could value the startup at more than $5 billion. The new funding round comes six months after Suno raised $250 million at a valuation of $2.45 billion. Learn more about your ad choices. Visit megaphone.fm/adchoices Tue, 05 May 2026 07:30:00 -0000 full Forbes Media LLC Suno, the AI music generation company that has attracted a staggering 100 million users is reportedly nearing a close of a funding round that could value it at more than $5 billion, more than double what it was valued after its last funding round in November. Suno is expected to close a Series D funding round in the coming weeks, Axios and Billboard reported Monday morning, which Axios reported could value the startup at more than $5 billion. The new funding round comes six months after Suno raised $250 million at a valuation of $2.45 billion. Learn more about your ad choices. Visit megaphone.fm/adchoices Suno, the AI music generation company that has attracted a staggering 100 million users is reportedly nearing a close of a funding round that could value it at more than $5 billion, more than double what it was valued after its last funding round in November.

Suno is expected to close a Series D funding round in the coming weeks, Axios and Billboard reported Monday morning, which Axios reported could value the startup at more than $5 billion.

The new funding round comes six months after Suno raised $250 million at a valuation of $2.45 billion.

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]]> 205 no GameStop Could Issue Stock In $55 Billion eBay Takeover Bid GameStop might issue additional stock to complete its $55 billion takeover of eBay amid skepticism from economists about whether the video game retailer could afford to acquire the company, whose market value is more than double GameStop's. GameStop CEO Ryan Cohen told CNBC on Monday the video game retailer’s half-cash, half-stock bid for eBay may rely on issuing stock, or the process in which a company creates and gives new shares of itself to complete a deal instead of paying cash. GameStop has yet to discuss the bid with eBay’s management after publicly announcing its offer on Sunday, Cohen said. Morgan Stanley analysts, in a note last week before GameStop’s offer was made public, said the broader market would be quote “skeptical of a potential deal’s feasibility.” Learn more about your ad choices. Visit megaphone.fm/adchoices Mon, 04 May 2026 20:30:00 -0000 full Forbes Media LLC GameStop might issue additional stock to complete its $55 billion takeover of eBay amid skepticism from economists about whether the video game retailer could afford to acquire the company, whose market value is more than double GameStop's. GameStop CEO Ryan Cohen told CNBC on Monday the video game retailer’s half-cash, half-stock bid for eBay may rely on issuing stock, or the process in which a company creates and gives new shares of itself to complete a deal instead of paying cash. GameStop has yet to discuss the bid with eBay’s management after publicly announcing its offer on Sunday, Cohen said. Morgan Stanley analysts, in a note last week before GameStop’s offer was made public, said the broader market would be quote “skeptical of a potential deal’s feasibility.” Learn more about your ad choices. Visit megaphone.fm/adchoices GameStop might issue additional stock to complete its $55 billion takeover of eBay amid skepticism from economists about whether the video game retailer could afford to acquire the company, whose market value is more than double GameStop's.

GameStop CEO Ryan Cohen told CNBC on Monday the video game retailer’s half-cash, half-stock bid for eBay may rely on issuing stock, or the process in which a company creates and gives new shares of itself to complete a deal instead of paying cash.

GameStop has yet to discuss the bid with eBay’s management after publicly announcing its offer on Sunday, Cohen said.

Morgan Stanley analysts, in a note last week before GameStop’s offer was made public, said the broader market would be quote “skeptical of a potential deal’s feasibility.”

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]]> 224 no Larry Page’s Net Worth Tops $300 Billion For First Time Amid Alphabet Earnings Rally Larry Page’s net worth swelled on Thursday, surpassing $300 billion for the first time as Alphabet’s stock rose after reporting a surge in cloud revenue through the Google parent’s latest quarter. Forbes’ Real-Time Billionaires List estimates Page’s net worth at $313.1 billion as of Friday morning, as the Google cofounder ranks as the second-wealthiest person in the world. Fellow Google cofounder Sergey Brin also had his fortune surge, hitting $288.8 billion as of Friday morning, as he now ranks as the world’s third-richest person ahead of Amazon’s Jeff Bezos, whose net worth sank $3.5 billion to $267 billion as of Thursday. Learn more about your ad choices. Visit megaphone.fm/adchoices Fri, 01 May 2026 20:30:00 -0000 full Forbes Media LLC Larry Page’s net worth swelled on Thursday, surpassing $300 billion for the first time as Alphabet’s stock rose after reporting a surge in cloud revenue through the Google parent’s latest quarter. Forbes’ Real-Time Billionaires List estimates Page’s net worth at $313.1 billion as of Friday morning, as the Google cofounder ranks as the second-wealthiest person in the world. Fellow Google cofounder Sergey Brin also had his fortune surge, hitting $288.8 billion as of Friday morning, as he now ranks as the world’s third-richest person ahead of Amazon’s Jeff Bezos, whose net worth sank $3.5 billion to $267 billion as of Thursday. Learn more about your ad choices. Visit megaphone.fm/adchoices Larry Page’s net worth swelled on Thursday, surpassing $300 billion for the first time as Alphabet’s stock rose after reporting a surge in cloud revenue through the Google parent’s latest quarter.

Forbes’ Real-Time Billionaires List estimates Page’s net worth at $313.1 billion as of Friday morning, as the Google cofounder ranks as the second-wealthiest person in the world.

Fellow Google cofounder Sergey Brin also had his fortune surge, hitting $288.8 billion as of Friday morning, as he now ranks as the world’s third-richest person ahead of Amazon’s Jeff Bezos, whose net worth sank $3.5 billion to $267 billion as of Thursday.


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]]> 239 no LIV Golf Loses Saudi Arabia Funding—Effectively Ending PGA Rival LIV Golf, the competitor to the PGA Tour bankrolled by Saudi Arabia’s Public Investment Fund, is losing its funding from the Gulf state, according to The Wall Street Journal. This follows weeks of speculation surrounding the upstart’s potential shutdown. LIV intends to tell staff and players, some of whom were among the PGA Tour’s most popular when they were poached, on Thursday that the league will lose funding after the conclusion of this season. LIV is in discussions with outside investors to keep the league operating, the Journal reported, though it noted maintaining its current form would be QUOTE “nearly impossible,” as the league has incurred mounting losses. Learn more about your ad choices. Visit megaphone.fm/adchoices Fri, 01 May 2026 07:30:00 -0000 full Forbes Media LLC LIV Golf, the competitor to the PGA Tour bankrolled by Saudi Arabia’s Public Investment Fund, is losing its funding from the Gulf state, according to The Wall Street Journal. This follows weeks of speculation surrounding the upstart’s potential shutdown. LIV intends to tell staff and players, some of whom were among the PGA Tour’s most popular when they were poached, on Thursday that the league will lose funding after the conclusion of this season. LIV is in discussions with outside investors to keep the league operating, the Journal reported, though it noted maintaining its current form would be QUOTE “nearly impossible,” as the league has incurred mounting losses. Learn more about your ad choices. Visit megaphone.fm/adchoices LIV Golf, the competitor to the PGA Tour bankrolled by Saudi Arabia’s Public Investment Fund, is losing its funding from the Gulf state, according to The Wall Street Journal. This follows weeks of speculation surrounding the upstart’s potential shutdown.

LIV intends to tell staff and players, some of whom were among the PGA Tour’s most popular when they were poached, on Thursday that the league will lose funding after the conclusion of this season.

LIV is in discussions with outside investors to keep the league operating, the Journal reported, though it noted maintaining its current form would be QUOTE “nearly impossible,” as the league has incurred mounting losses.

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]]> 217 no Google Billionaire Sergey Brin Compares California Wealth Tax To Soviet Union Socialism Billionaire Google co-founder and ex-California resident Sergey Brin has said he’s adamantly opposed to a proposed one-time, 5% tax on the wealth of California residents (and has spent $57 million to fight it) because he fears it will lead the state down a similar socialist path as that of the former Soviet Union, which his family fled when he was 6 years old. Brin, who has moved from a backer of liberal causes to a supporter of Republican President Donald Trump, told the New York Times in a rare statement: “I fled socialism with my family in 1979 and know the devastating, oppressive society it created in the Soviet Union. I don’t want California to end up in the same place.” The proposed tax would apply to California residents with assets worth at least $1.1 billion and has pushed a number of bold-faced billionaires, including Brin, to leave the state. Learn more about your ad choices. Visit megaphone.fm/adchoices Thu, 30 Apr 2026 07:30:00 -0000 full Forbes Media LLC Billionaire Google co-founder and ex-California resident Sergey Brin has said he’s adamantly opposed to a proposed one-time, 5% tax on the wealth of California residents (and has spent $57 million to fight it) because he fears it will lead the state down a similar socialist path as that of the former Soviet Union, which his family fled when he was 6 years old. Brin, who has moved from a backer of liberal causes to a supporter of Republican President Donald Trump, told the New York Times in a rare statement: “I fled socialism with my family in 1979 and know the devastating, oppressive society it created in the Soviet Union. I don’t want California to end up in the same place.” The proposed tax would apply to California residents with assets worth at least $1.1 billion and has pushed a number of bold-faced billionaires, including Brin, to leave the state. Learn more about your ad choices. Visit megaphone.fm/adchoices Billionaire Google co-founder and ex-California resident Sergey Brin has said he’s adamantly opposed to a proposed one-time, 5% tax on the wealth of California residents (and has spent $57 million to fight it) because he fears it will lead the state down a similar socialist path as that of the former Soviet Union, which his family fled when he was 6 years old.

Brin, who has moved from a backer of liberal causes to a supporter of Republican President Donald Trump, told the New York Times in a rare statement: “I fled socialism with my family in 1979 and know the devastating, oppressive society it created in the Soviet Union. I don’t want California to end up in the same place.”

The proposed tax would apply to California residents with assets worth at least $1.1 billion and has pushed a number of bold-faced billionaires, including Brin, to leave the state.

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]]> 229 no United Arab Emirates Leaves OPEC In Favor Of ‘National Interest’ The United Arab Emirates has announced it will no longer be a member of the Organization of the Petroleum Exporting Countries, OPEC, starting May 1 after reflecting on its "long-term strategic and economic vision," a move that could impact the group’s ability to control the supply of oil and prices around the world. The UAE made the announcement to leave the so-called oil cartel via the state-run WAM news agency, and cited “near-term volatility” in the market and a desire to ramp up investment in domestic energy production. The statement referred to the Iran war started by the U.S. and Israel in February, which has choked oil transport through the important Strait of Hormuz, and the government’s desire to meet what it thinks will be the “sustained growth” of energy demand in the medium to long term. Learn more about your ad choices. Visit megaphone.fm/adchoices Tue, 28 Apr 2026 16:00:00 -0000 full Forbes Media LLC The United Arab Emirates has announced it will no longer be a member of the Organization of the Petroleum Exporting Countries, OPEC, starting May 1 after reflecting on its "long-term strategic and economic vision," a move that could impact the group’s ability to control the supply of oil and prices around the world. The UAE made the announcement to leave the so-called oil cartel via the state-run WAM news agency, and cited “near-term volatility” in the market and a desire to ramp up investment in domestic energy production. The statement referred to the Iran war started by the U.S. and Israel in February, which has choked oil transport through the important Strait of Hormuz, and the government’s desire to meet what it thinks will be the “sustained growth” of energy demand in the medium to long term. Learn more about your ad choices. Visit megaphone.fm/adchoices The United Arab Emirates has announced it will no longer be a member of the Organization of the Petroleum Exporting Countries, OPEC, starting May 1 after reflecting on its "long-term strategic and economic vision," a move that could impact the group’s ability to control the supply of oil and prices around the world.

The UAE made the announcement to leave the so-called oil cartel via the state-run WAM news agency, and cited “near-term volatility” in the market and a desire to ramp up investment in domestic energy production.

The statement referred to the Iran war started by the U.S. and Israel in February, which has choked oil transport through the important Strait of Hormuz, and the government’s desire to meet what it thinks will be the “sustained growth” of energy demand in the medium to long term.

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]]> 211 no Soldier Charged After Using Classified Intel On Maduro Raid To Win $400,000 On Polymarket A U.S. special forces soldier who participated in the raid to capture Venezuelan President Nicolas Maduro has been charged with using classified information about the operation to win more than $400,000 on the online betting platform Polymarket. Learn more about your ad choices. Visit megaphone.fm/adchoices Fri, 24 Apr 2026 20:30:00 -0000 full Forbes Media LLC A U.S. special forces soldier who participated in the raid to capture Venezuelan President Nicolas Maduro has been charged with using classified information about the operation to win more than $400,000 on the online betting platform Polymarket. Learn more about your ad choices. Visit megaphone.fm/adchoices A U.S. special forces soldier who participated in the raid to capture Venezuelan President Nicolas Maduro has been charged with using classified information about the operation to win more than $400,000 on the online betting platform Polymarket.

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]]> 198 no Kalshi Bans And Fines Three Politicians For Placing Bets On Their Own Races Kalshi caught and suspended three political candidates who bet on the outcomes of their own elections, the prediction market company said in a statement on Wednesday, fining the three politicians and issuing five-year bans from their platform. Minnesota State Senator Matt Klein, a candidate running for the Democratic nomination for Minnesota’s second district in the House of Representatives, agreed to pay a $539.85 fine. Ezekiel Enriquez, a former candidate for the Republican primary for a congressional district in Texas, was fined $784.20. Enriquez lost this race after the primary elections in March. Both Klein and Enriquez bought less than $100 worth of contracts on their own elections, according to Kalshi’s filings, and both were also issued five-year suspensions. Learn more about your ad choices. Visit megaphone.fm/adchoices Fri, 24 Apr 2026 07:30:00 -0000 full Forbes Media LLC Kalshi caught and suspended three political candidates who bet on the outcomes of their own elections, the prediction market company said in a statement on Wednesday, fining the three politicians and issuing five-year bans from their platform. Minnesota State Senator Matt Klein, a candidate running for the Democratic nomination for Minnesota’s second district in the House of Representatives, agreed to pay a $539.85 fine. Ezekiel Enriquez, a former candidate for the Republican primary for a congressional district in Texas, was fined $784.20. Enriquez lost this race after the primary elections in March. Both Klein and Enriquez bought less than $100 worth of contracts on their own elections, according to Kalshi’s filings, and both were also issued five-year suspensions. Learn more about your ad choices. Visit megaphone.fm/adchoices Kalshi caught and suspended three political candidates who bet on the outcomes of their own elections, the prediction market company said in a statement on Wednesday, fining the three politicians and issuing five-year bans from their platform.

Minnesota State Senator Matt Klein, a candidate running for the Democratic nomination for Minnesota’s second district in the House of Representatives, agreed to pay a $539.85 fine.

Ezekiel Enriquez, a former candidate for the Republican primary for a congressional district in Texas, was fined $784.20. Enriquez lost this race after the primary elections in March.

Both Klein and Enriquez bought less than $100 worth of contracts on their own elections, according to Kalshi’s filings, and both were also issued five-year suspensions.

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]]> 211 no Trump Administration Reclassifies Medical Marijuana As A Less Dangerous Drug The Trump administration’s acting attorney general Todd Blanche signed an order on Thursday reclassifying FDA-approved and state-licensed medical marijuana as a less dangerous drug, placing it in the less strictly regulated Schedule III category. The move will not legalize marijuana for medical or recreational use under federal law, but instead moves state-licensed medical marijuana from Schedule I to Schedule III, aligning it with dozens of states that have already legalized medical marijuana. Blanche also scheduled a hearing for June for the Drug Enforcement Administration to consider reclassifying marijuana more broadly as Schedule III. Learn more about your ad choices. Visit megaphone.fm/adchoices Thu, 23 Apr 2026 20:30:00 -0000 full Forbes Media LLC The Trump administration’s acting attorney general Todd Blanche signed an order on Thursday reclassifying FDA-approved and state-licensed medical marijuana as a less dangerous drug, placing it in the less strictly regulated Schedule III category. The move will not legalize marijuana for medical or recreational use under federal law, but instead moves state-licensed medical marijuana from Schedule I to Schedule III, aligning it with dozens of states that have already legalized medical marijuana. Blanche also scheduled a hearing for June for the Drug Enforcement Administration to consider reclassifying marijuana more broadly as Schedule III. Learn more about your ad choices. Visit megaphone.fm/adchoices The Trump administration’s acting attorney general Todd Blanche signed an order on Thursday reclassifying FDA-approved and state-licensed medical marijuana as a less dangerous drug, placing it in the less strictly regulated Schedule III category.

The move will not legalize marijuana for medical or recreational use under federal law, but instead moves state-licensed medical marijuana from Schedule I to Schedule III, aligning it with dozens of states that have already legalized medical marijuana.

Blanche also scheduled a hearing for June for the Drug Enforcement Administration to consider reclassifying marijuana more broadly as Schedule III.

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]]> 236 no Rewind: Uber Invests Over $1 Billion In Rivian In Robotaxi Deal Rivian Automotive’s stock soared by more than 8% in premarket trading on Thursday, after Uber announced it would invest up to $1.25 billion in the electric vehicle maker—whose shares have plummeted in a years-long rout—to deploy tens of thousands of robotaxis across the U.S. by the next decade. Key Facts Shares of Rivan jumped 8.2% in premarket trading on Thursday, marking what would be a slight rebound for the stock after stumbling by more than 14% this year. Uber said Thursday it would invest up to $1.25 billion in Rivian through 2031, with plans to purchase 10,000 of Rivian’s upcoming R2 vehicle and an option to buy an additional 40,000 robotaxis in 2030. An initial $300 million investment from Uber to Rivian is expected shortly after the deal’s signing and is subject to regulatory approval, Uber said. The R2 robotaxis are expected to be available through Uber in 25 cities across the U.S., Canada and Europe, with San Francisco and Miami as the launching sites in 2028, the companies said.  Uber’s Robotaxi Expansion: From Rivian To Nvidia Uber has announced several partnerships over the last year as it competes with the Alphabet-backed Waymo in the robotaxi market. The company announced a strategic partnership with the Amazon-backed Zoox last week, with plans for Zoox’s robotaxis to be made available through Uber by 2027. In October, Stellantis announced a joint project with Uber, Nvidia and Foxconn, with plans for Uber to deploy robotaxis from the automotive conglomerate—spanning Jeep, Dodge, Chrysler and more—in the U.S. That same day, Nvidia said it was partnering with Uber to increase Uber’s autonomous vehicle fleet to 100,000, starting in 2027. Lucid, in September 2025, announced a $300 million investment from Uber, which said it would later deploy Lucid’s robotaxis. Read the full story on Forbes: https://www.forbes.com/sites/tylerroush/2026/03/19/rivian-shares-rally-8-after-uber-invests-up-to-125-billion-in-robotaxi-deal/ Learn more about your ad choices. Visit megaphone.fm/adchoices Wed, 22 Apr 2026 04:00:00 -0000 full Forbes Media LLC Rivian Automotive’s stock soared by more than 8% in premarket trading on Thursday, after Uber announced it would invest up to $1.25 billion in the electric vehicle maker—whose shares have plummeted in a years-long rout—to deploy tens of thousands of robotaxis across the U.S. by the next decade. Key Facts Shares of Rivan jumped 8.2% in premarket trading on Thursday, marking what would be a slight rebound for the stock after stumbling by more than 14% this year. Uber said Thursday it would invest up to $1.25 billion in Rivian through 2031, with plans to purchase 10,000 of Rivian’s upcoming R2 vehicle and an option to buy an additional 40,000 robotaxis in 2030. An initial $300 million investment from Uber to Rivian is expected shortly after the deal’s signing and is subject to regulatory approval, Uber said. The R2 robotaxis are expected to be available through Uber in 25 cities across the U.S., Canada and Europe, with San Francisco and Miami as the launching sites in 2028, the companies said.  Uber’s Robotaxi Expansion: From Rivian To Nvidia Uber has announced several partnerships over the last year as it competes with the Alphabet-backed Waymo in the robotaxi market. The company announced a strategic partnership with the Amazon-backed Zoox last week, with plans for Zoox’s robotaxis to be made available through Uber by 2027. In October, Stellantis announced a joint project with Uber, Nvidia and Foxconn, with plans for Uber to deploy robotaxis from the automotive conglomerate—spanning Jeep, Dodge, Chrysler and more—in the U.S. That same day, Nvidia said it was partnering with Uber to increase Uber’s autonomous vehicle fleet to 100,000, starting in 2027. Lucid, in September 2025, announced a $300 million investment from Uber, which said it would later deploy Lucid’s robotaxis. Read the full story on Forbes: https://www.forbes.com/sites/tylerroush/2026/03/19/rivian-shares-rally-8-after-uber-invests-up-to-125-billion-in-robotaxi-deal/ Learn more about your ad choices. Visit megaphone.fm/adchoices Rivian Automotive’s stock soared by more than 8% in premarket trading on Thursday, after Uber announced it would invest up to $1.25 billion in the electric vehicle maker—whose shares have plummeted in a years-long rout—to deploy tens of thousands of robotaxis across the U.S. by the next decade. Key Facts

  • Shares of Rivan jumped 8.2% in premarket trading on Thursday, marking what would be a slight rebound for the stock after stumbling by more than 14% this year.
  • Uber said Thursday it would invest up to $1.25 billion in Rivian through 2031, with plans to purchase 10,000 of Rivian’s upcoming R2 vehicle and an option to buy an additional 40,000 robotaxis in 2030.
  • An initial $300 million investment from Uber to Rivian is expected shortly after the deal’s signing and is subject to regulatory approval, Uber said.
  • The R2 robotaxis are expected to be available through Uber in 25 cities across the U.S., Canada and Europe, with San Francisco and Miami as the launching sites in 2028, the companies said. 

Uber’s Robotaxi Expansion: From Rivian To Nvidia

Uber has announced several partnerships over the last year as it competes with the Alphabet-backed Waymo in the robotaxi market. The company announced a strategic partnership with the Amazon-backed Zoox last week, with plans for Zoox’s robotaxis to be made available through Uber by 2027. In October, Stellantis announced a joint project with Uber, Nvidia and Foxconn, with plans for Uber to deploy robotaxis from the automotive conglomerate—spanning Jeep, Dodge, Chrysler and more—in the U.S. That same day, Nvidia said it was partnering with Uber to increase Uber’s autonomous vehicle fleet to 100,000, starting in 2027. Lucid, in September 2025, announced a $300 million investment from Uber, which said it would later deploy Lucid’s robotaxis.

Read the full story on Forbes: https://www.forbes.com/sites/tylerroush/2026/03/19/rivian-shares-rally-8-after-uber-invests-up-to-125-billion-in-robotaxi-deal/

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]]> 227 no Billionaire Vinod Khosla Suggests America Rethink Taxation In The Age Of AI Billionaire investor Vinod Khosla suggested as many as 125 million people should be exempt from paying income taxes in the coming decades as artificial intelligence gets closer to eliminating a mass number of jobs, suggesting the government make up the lost revenue by relying on capital gains tax. Key Facts Khosla wrote on X the AI boom will require a "rethink of capitalism and equity" and suggested increasing capital gains taxes would allow the government to eliminate "the bottom 125 million taxpayers from the tax rolls."  He also suggested eliminating certain tax breaks—like tax-free borrowing against unrealized gains—would help to make up the deficit.  There are only about 160 million taxpaying Americans, and Khosla’s plan would exempt almost 80% of them from income taxes.  Last year, Khosla suggested it may be necessary to implement a universal basic income for lower-income Americans whose jobs are eliminated due to AI automation, predicting 80% of jobs will soon be handled by AI.  A video Khosla shared this week highlighted dozens of jobs being replaced by AI in his venture capital firm's portfolio, including personal assistants, financial analysts, doctors, accountants, customer service agents and more.  Big Number 92 million. That's how many jobs will be displaced by AI by 2030, according to the World Economic Forum’s Future of Jobs Report 2025. Key Background Economic experts have been warning about the loss of jobs due to artificial intelligence automation for years. More than 50,000 jobs cuts in 2025 were blamed on AI, according to career services firm Challenger, Gray and Christmas, with another 20,000 in 2023 and 2024. Aneesh Raman, LinkedIn’s chief economic officer, said in a New York Times op-ed that AI is destroying the “bottom rungs of the career ladder,” eliminating entry level jobs and significantly cutting into the hiring of recent college graduates. Tech billionaires like Elon Musk and Bill Gates, as well as leaders like Microsoft AI CEO Mustafa Suleyman, have all suggested artificial intelligence is on its way to automating a significant portion of white-color work and, in some scenarios, could eliminate the need for traditional jobs altogether. Last May, Anthropic CEO Dario Amodei predicted AI could drive unemployment up 10% to 20% in the next five years. Women and people of color are expected to be disproportionately impacted by AI job automation. Crucial Quote “In my little group chat with my tech CEO friends, there’s this betting pool for the first year there is a one-person billion-dollar company, which would’ve been unimaginable without AI. And now [it] will happen,” OpenAI CEO Sam Altman saidlast year. Read the full story on Forbes: By Mary Whitfill Roeloffs https://www.forbes.com/sites/maryroeloffs/2026/02/17/billionaire-khosla-if-125-million-are-unemployed-by-ai-they-shouldnt-pay-taxes/ Learn more about your ad choices. Visit megaphone.fm/adchoices Tue, 21 Apr 2026 04:00:00 -0000 full Forbes Media LLC Billionaire investor Vinod Khosla suggested as many as 125 million people should be exempt from paying income taxes in the coming decades as artificial intelligence gets closer to eliminating a mass number of jobs, suggesting the government make up the lost revenue by relying on capital gains tax. Key Facts Khosla wrote on X the AI boom will require a "rethink of capitalism and equity" and suggested increasing capital gains taxes would allow the government to eliminate "the bottom 125 million taxpayers from the tax rolls."  He also suggested eliminating certain tax breaks—like tax-free borrowing against unrealized gains—would help to make up the deficit.  There are only about 160 million taxpaying Americans, and Khosla’s plan would exempt almost 80% of them from income taxes.  Last year, Khosla suggested it may be necessary to implement a universal basic income for lower-income Americans whose jobs are eliminated due to AI automation, predicting 80% of jobs will soon be handled by AI.  A video Khosla shared this week highlighted dozens of jobs being replaced by AI in his venture capital firm's portfolio, including personal assistants, financial analysts, doctors, accountants, customer service agents and more.  Big Number 92 million. That's how many jobs will be displaced by AI by 2030, according to the World Economic Forum’s Future of Jobs Report 2025. Key Background Economic experts have been warning about the loss of jobs due to artificial intelligence automation for years. More than 50,000 jobs cuts in 2025 were blamed on AI, according to career services firm Challenger, Gray and Christmas, with another 20,000 in 2023 and 2024. Aneesh Raman, LinkedIn’s chief economic officer, said in a New York Times op-ed that AI is destroying the “bottom rungs of the career ladder,” eliminating entry level jobs and significantly cutting into the hiring of recent college graduates. Tech billionaires like Elon Musk and Bill Gates, as well as leaders like Microsoft AI CEO Mustafa Suleyman, have all suggested artificial intelligence is on its way to automating a significant portion of white-color work and, in some scenarios, could eliminate the need for traditional jobs altogether. Last May, Anthropic CEO Dario Amodei predicted AI could drive unemployment up 10% to 20% in the next five years. Women and people of color are expected to be disproportionately impacted by AI job automation. Crucial Quote “In my little group chat with my tech CEO friends, there’s this betting pool for the first year there is a one-person billion-dollar company, which would’ve been unimaginable without AI. And now [it] will happen,” OpenAI CEO Sam Altman saidlast year. Read the full story on Forbes: By Mary Whitfill Roeloffs https://www.forbes.com/sites/maryroeloffs/2026/02/17/billionaire-khosla-if-125-million-are-unemployed-by-ai-they-shouldnt-pay-taxes/ Learn more about your ad choices. Visit megaphone.fm/adchoices Billionaire investor Vinod Khosla suggested as many as 125 million people should be exempt from paying income taxes in the coming decades as artificial intelligence gets closer to eliminating a mass number of jobs, suggesting the government make up the lost revenue by relying on capital gains tax. Key Facts

  • Khosla wrote on X the AI boom will require a "rethink of capitalism and equity" and suggested increasing capital gains taxes would allow the government to eliminate "the bottom 125 million taxpayers from the tax rolls." 
  • He also suggested eliminating certain tax breaks—like tax-free borrowing against unrealized gains—would help to make up the deficit. 
  • There are only about 160 million taxpaying Americans, and Khosla’s plan would exempt almost 80% of them from income taxes. 
  • Last year, Khosla suggested it may be necessary to implement a universal basic income for lower-income Americans whose jobs are eliminated due to AI automation, predicting 80% of jobs will soon be handled by AI. 
  • A video Khosla shared this week highlighted dozens of jobs being replaced by AI in his venture capital firm's portfolio, including personal assistants, financial analysts, doctors, accountants, customer service agents and more. 

Big Number

92 million. That's how many jobs will be displaced by AI by 2030, according to the World Economic Forum’s Future of Jobs Report 2025.

Key Background

Economic experts have been warning about the loss of jobs due to artificial intelligence automation for years. More than 50,000 jobs cuts in 2025 were blamed on AI, according to career services firm Challenger, Gray and Christmas, with another 20,000 in 2023 and 2024. Aneesh Raman, LinkedIn’s chief economic officer, said in a New York Times op-ed that AI is destroying the “bottom rungs of the career ladder,” eliminating entry level jobs and significantly cutting into the hiring of recent college graduates. Tech billionaires like Elon Musk and Bill Gates, as well as leaders like Microsoft AI CEO Mustafa Suleyman, have all suggested artificial intelligence is on its way to automating a significant portion of white-color work and, in some scenarios, could eliminate the need for traditional jobs altogether. Last May, Anthropic CEO Dario Amodei predicted AI could drive unemployment up 10% to 20% in the next five years. Women and people of color are expected to be disproportionately impacted by AI job automation.

Crucial Quote

“In my little group chat with my tech CEO friends, there’s this betting pool for the first year there is a one-person billion-dollar company, which would’ve been unimaginable without AI. And now [it] will happen,” OpenAI CEO Sam Altman saidlast year.

Read the full story on Forbes: By Mary Whitfill Roeloffs

https://www.forbes.com/sites/maryroeloffs/2026/02/17/billionaire-khosla-if-125-million-are-unemployed-by-ai-they-shouldnt-pay-taxes/

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]]> 217 no Rewind: Inside Stiiizy, The World’s Best-Selling Weed Brand James Kim’s Los Angeles-based cannabis company grew from a scrappy startup in 2017 to a legal unicorn worth $1.5 billion. Allegations of black-market activity and lawsuits be damned—Stiiizy aims to be the Nike of cannabis. Inside a warehouse in Downtown Los Angeles, next to a strip club, James Kim, the CEO and cofounder of the California-based cannabis brand Stiiizy opens the door to one of his grow rooms, revealing 972 pot plants, thriving three-foot-tall beauties two weeks from harvest. “This room is all money,” says Kim, who is 37 and has tattoos covering his arms, including a portrait of Ben Franklin and a rose made from a $100 bill. These days, Stiiizy is bringing in plenty of Benjamins. The company—which was founded in 2017 and grows cannabis, manufacturers vapes, pre-rolls, gummies and flower—has nearly 50 branded dispensaries across California and generates more than $800 million a year in revenue. Stiiizy, which is also California’s biggest cannabis retailer, is the best-selling weed brand in the country, according to sales data firm Headset. A vertically integrated powerhouse that now operates in seven states, one out of every eight cannabis products sold in the United States is a Stiiizy product. The company, which Forbes estimates to be valued at $1.5 billion, is privately held, secretive and mysterious—out of four original co-founders, only Kim would agree to speak, and he would not confirm the names of his partners. Founded in the gray market days before California legalized recreational marijuana, Stiiizy has also been dogged by lawsuits, rumors of illicit activity (all of which the company denies) and scandals, but none of that has changed the fact that in the $32 billion regulated cannabis industry, Stiiizy is the brand to beat. “We’re the number-one brand in the nation,” says Kim. “I always tell people, if we’re number one in the nation, we’re number one in the world.” A floor below the grow room, Kim walks through his production facility where dozens of employees in blue hairnets and facemasks brush mini blunts with a brown liquid and roll them into a half-pound of kief and put them into trays. In another room, a woman uses a machine to fill 100 Stiiizy vape pens at a time—by the end of the day, workers here will make nearly 100,000 of them. Every month, Stiiizy grows 15,000 pounds of weed and produces about $70 million worth (retail sales) of cannabis products in California, not including how much it produces in Nevada, Arizona, Michigan, Missouri, Illinois, and New York, where Stiiizy launched in February and rose to be among the top 10 best-selling brands within a month, according to Lit Alerts.  Kim walks out of his warehouse and jumps in the back of his black Cadillac Escalade and his driver takes him a few minutes down the road to Stiiizy’s DTLA headquarters. “We always had dreams of the brand getting big,” says Kim, while Notorious BIG’s “Juicy” plays over the car speakers. “But we didn’t know it would be this big.”  Kim, who sports an Audemars Piguet Royal Oak chronograph on his wrist, grew up humbly in Cerritos, California. He shared a bed with his older sister so his parents, both immigrants from South Korea, could rent out the other bedroom to help make ends meet. His parents sold women’s clothing at the local Santa Fe Springs Swap Meet and starting at six years old, young James was in charge of setting up the tent, manning the cash register and helping his mom set prices for clothes. (His mom taught him her strategy, which was to price each item at double her cost.)  “They put me to work,” he says. “That swap meet was my life.” Read the full story here: By Will Yakowicz https://www.forbes.com/sites/willyakowicz/2025/04/18/inside-stiiizy-the-worlds-best-selling-weed-brand/ Learn more about your ad choices. Visit megaphone.fm/adchoices Mon, 20 Apr 2026 04:00:00 -0000 full Forbes Media LLC James Kim’s Los Angeles-based cannabis company grew from a scrappy startup in 2017 to a legal unicorn worth $1.5 billion. Allegations of black-market activity and lawsuits be damned—Stiiizy aims to be the Nike of cannabis. Inside a warehouse in Downtown Los Angeles, next to a strip club, James Kim, the CEO and cofounder of the California-based cannabis brand Stiiizy opens the door to one of his grow rooms, revealing 972 pot plants, thriving three-foot-tall beauties two weeks from harvest. “This room is all money,” says Kim, who is 37 and has tattoos covering his arms, including a portrait of Ben Franklin and a rose made from a $100 bill. These days, Stiiizy is bringing in plenty of Benjamins. The company—which was founded in 2017 and grows cannabis, manufacturers vapes, pre-rolls, gummies and flower—has nearly 50 branded dispensaries across California and generates more than $800 million a year in revenue. Stiiizy, which is also California’s biggest cannabis retailer, is the best-selling weed brand in the country, according to sales data firm Headset. A vertically integrated powerhouse that now operates in seven states, one out of every eight cannabis products sold in the United States is a Stiiizy product. The company, which Forbes estimates to be valued at $1.5 billion, is privately held, secretive and mysterious—out of four original co-founders, only Kim would agree to speak, and he would not confirm the names of his partners. Founded in the gray market days before California legalized recreational marijuana, Stiiizy has also been dogged by lawsuits, rumors of illicit activity (all of which the company denies) and scandals, but none of that has changed the fact that in the $32 billion regulated cannabis industry, Stiiizy is the brand to beat. “We’re the number-one brand in the nation,” says Kim. “I always tell people, if we’re number one in the nation, we’re number one in the world.” A floor below the grow room, Kim walks through his production facility where dozens of employees in blue hairnets and facemasks brush mini blunts with a brown liquid and roll them into a half-pound of kief and put them into trays. In another room, a woman uses a machine to fill 100 Stiiizy vape pens at a time—by the end of the day, workers here will make nearly 100,000 of them. Every month, Stiiizy grows 15,000 pounds of weed and produces about $70 million worth (retail sales) of cannabis products in California, not including how much it produces in Nevada, Arizona, Michigan, Missouri, Illinois, and New York, where Stiiizy launched in February and rose to be among the top 10 best-selling brands within a month, according to Lit Alerts.  Kim walks out of his warehouse and jumps in the back of his black Cadillac Escalade and his driver takes him a few minutes down the road to Stiiizy’s DTLA headquarters. “We always had dreams of the brand getting big,” says Kim, while Notorious BIG’s “Juicy” plays over the car speakers. “But we didn’t know it would be this big.”  Kim, who sports an Audemars Piguet Royal Oak chronograph on his wrist, grew up humbly in Cerritos, California. He shared a bed with his older sister so his parents, both immigrants from South Korea, could rent out the other bedroom to help make ends meet. His parents sold women’s clothing at the local Santa Fe Springs Swap Meet and starting at six years old, young James was in charge of setting up the tent, manning the cash register and helping his mom set prices for clothes. (His mom taught him her strategy, which was to price each item at double her cost.)  “They put me to work,” he says. “That swap meet was my life.” Read the full story here: By Will Yakowicz https://www.forbes.com/sites/willyakowicz/2025/04/18/inside-stiiizy-the-worlds-best-selling-weed-brand/ Learn more about your ad choices. Visit megaphone.fm/adchoices James Kim’s Los Angeles-based cannabis company grew from a scrappy startup in 2017 to a legal unicorn worth $1.5 billion. Allegations of black-market activity and lawsuits be damned—Stiiizy aims to be the Nike of cannabis. Inside a warehouse in Downtown Los Angeles, next to a strip club, James Kim, the CEO and cofounder of the California-based cannabis brand Stiiizy opens the door to one of his grow rooms, revealing 972 pot plants, thriving three-foot-tall beauties two weeks from harvest.

“This room is all money,” says Kim, who is 37 and has tattoos covering his arms, including a portrait of Ben Franklin and a rose made from a $100 bill.


These days, Stiiizy is bringing in plenty of Benjamins. The company—which was founded in 2017 and grows cannabis, manufacturers vapes, pre-rolls, gummies and flower—has nearly 50 branded dispensaries across California and generates more than $800 million a year in revenue. Stiiizy, which is also California’s biggest cannabis retailer, is the best-selling weed brand in the country, according to sales data firm Headset. A vertically integrated powerhouse that now operates in seven states, one out of every eight cannabis products sold in the United States is a Stiiizy product.

The company, which Forbes estimates to be valued at $1.5 billion, is privately held, secretive and mysterious—out of four original co-founders, only Kim would agree to speak, and he would not confirm the names of his partners. Founded in the gray market days before California legalized recreational marijuana, Stiiizy has also been dogged by lawsuits, rumors of illicit activity (all of which the company denies) and scandals, but none of that has changed the fact that in the $32 billion regulated cannabis industry, Stiiizy is the brand to beat.

“We’re the number-one brand in the nation,” says Kim. “I always tell people, if we’re number one in the nation, we’re number one in the world.”

A floor below the grow room, Kim walks through his production facility where dozens of employees in blue hairnets and facemasks brush mini blunts with a brown liquid and roll them into a half-pound of kief and put them into trays. In another room, a woman uses a machine to fill 100 Stiiizy vape pens at a time—by the end of the day, workers here will make nearly 100,000 of them. Every month, Stiiizy grows 15,000 pounds of weed and produces about $70 million worth (retail sales) of cannabis products in California, not including how much it produces in Nevada, Arizona, Michigan, Missouri, Illinois, and New York, where Stiiizy launched in February and rose to be among the top 10 best-selling brands within a month, according to Lit Alerts. 

Kim walks out of his warehouse and jumps in the back of his black Cadillac Escalade and his driver takes him a few minutes down the road to Stiiizy’s DTLA headquarters. “We always had dreams of the brand getting big,” says Kim, while Notorious BIG’s “Juicy” plays over the car speakers. “But we didn’t know it would be this big.” 

Kim, who sports an Audemars Piguet Royal Oak chronograph on his wrist, grew up humbly in Cerritos, California. He shared a bed with his older sister so his parents, both immigrants from South Korea, could rent out the other bedroom to help make ends meet. His parents sold women’s clothing at the local Santa Fe Springs Swap Meet and starting at six years old, young James was in charge of setting up the tent, manning the cash register and helping his mom set prices for clothes. (His mom taught him her strategy, which was to price each item at double her cost.) 

“They put me to work,” he says. “That swap meet was my life.”

Read the full story here: By Will Yakowicz

https://www.forbes.com/sites/willyakowicz/2025/04/18/inside-stiiizy-the-worlds-best-selling-weed-brand/

Learn more about your ad choices. Visit megaphone.fm/adchoices

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