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Forbes Topline brings the day's top stories from the Forbes Breaking News desk directly to your feed.

  1. SpaceX Could Face ‘Musk Effect’ With Major Risks After IPO

    HÁ 17 H

    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

    4 min
  2. Jury Dismisses Elon Musk's OpenAI Lawsuit Over Missed Deadline, But His Lawyer Promises Appeal

    HÁ 2 DIAS

    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

    3 min
  3. Trump Gets $1.8 Billion Payday With ‘Anti-Weaponization’ Fund As He Drops IRS Case

    HÁ 2 DIAS

    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

    4 min
  4. Iran War Costs Have Increased $4 Billion—Some Estimates Say It’s Closer To $200 Billion

    HÁ 5 DIAS

    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

    4 min
  5. From Diet Coke To AI Chips: How The Iran War Is Causing Critical Global Shortages

    HÁ 6 DIAS

    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

    4 min
  6. Nvidia Hits Record $5.5 Trillion Value—First Company To Ever Reach Mark

    13 DE MAI.

    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

    4 min
  7. Trump Reportedly Invites Billionaire Delegation To China For Xi Meeting

    12 DE MAI.

    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

    4 min
  8. Jet Fuel Shortage In ‘Crisis Mode’ Leading To More Flight Cuts And Higher Airfares

    11 DE MAI.

    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

    4 min
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Sobre

Forbes Topline brings the day's top stories from the Forbes Breaking News desk directly to your feed.

Informações

  • Canal
    Forbes
  • Criado por
    Forbes Media LLC
  • Anos de atividade
    2023 - 2026
  • Episódios
    40
  • Classificação
    Livre
  • Copyright
    © Forbes Media LLC

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