A reported OpenAI IPO later this year may test investor tolerance for the AI boom’s cash bonfire
OpenAI is reportedly racing toward a fourth-quarter 2026 initial public offering that would test just how much faith investors still have in the AI boom.If OpenAI can successfully deliver an…
After a decade of silence, Elon Musk’s tunneling startup and its reclusive president, are hitting the media circuit
Davis’ sudden zeal for the publicity circuit, after a decade of silence, is as baffling as it is unexpected. But for close observers of the Elon-verse, the Boring Co. shift in…
Exxon and Chevron decline new spending in Venezuela while taking a wait-and-see approach for the years ahead
Woods said Jan. 30 in his fourth-quarter earnings call that he does believe the Trump administration is committed to making the necessary changes to eventually turn Venezuela into a viable…
$14 trillion asset manager BlackRock aims to lock down execs to compete in the ‘alts’ gold rush shaking up the fund industry
The move could see BlackRock’s top-paid private market executives eventually earning millions in payouts if funds perform exceptionally well over the next decade. (No figures have been disclosed yet, and…
‘What do you think is going on with the stock price?’: Starbucks CEO Brian Niccol says baristas’ market savvy makes him proud
The CEO of the world’s largest coffee chain said that interest extends beyond financial motivation, saying that Starbucks employees, or “partners,” as the company refers to them, ask from a…
Another ‘central casting’ central banker: Trump’s pick of Kevin Warsh fits a well-established pattern
President Donald Trump doesn’t simply staff his administrations. He “casts” them. And the position of chair of the Federal Reserve is no exception—perhaps the opposite.Announcing Kevin Warsh Friday morning as…
3 big hurdles undermine Trump’s plan to extract Greenland’s mineral wealth—and America’s fraying relationship with Europe is one of them
Arctic extremes would be a brutal adversary to any large-scale mining operation. Greenland’s vast ice sheet limits exploration to the island’s coastal fringes. But even there, freezing temperatures and minimal…
German prosecutors’ raid on Deutsche Bank hurts the lender’s attempts to leave its long history of compliance failures in the past
The morning after the raid, Deutsche Bank announced its highest annual profit since 2007: $8.5 billion net profit in 2025, powered by robust investment banking revenues. CEO Christian Sewing also…
Apple’s blowout Q1 results were a reminder of what makes the company so impressive—and why it’s floundering in AI
It was a reminder of CEO Tim Cook’s unparalleled mastery of the controls that keep the $3.8 trillion company humming.But it was also a reminder of the challenges Apple faces,…
Gen Z believes using AI is making their colleagues dumb and lazy, but may paradoxically see it as key to their own promotion, Wharton says
“What we find is deep ambivalence on how Gen Z is thinking using AI,” Benjamin Lira Luttges, a postdoctoral scholar at Wharton who led research on the report, told Fortune.Though…
