Business News

Jennifer Aniston’s boyfriend Jim Curtis has delisted his New York City condo just over four months after originally putting the property up for sale at $1.53 million. Curtis, 50, who works as a professional lifestyle guru, purchased the 1,200-square-foot Manhattan condo for just under $1.3 million back in 2015. In the years following his purchase,…

British drugmaker GSK has agreed to acquire U.S.-listed oncology specialist Nuvalent in an all-cash deal valued at $10.6 billion. The transaction values Boston-based Nuvalent at approximately $124 per share, representing a 40% premium to its last closing price. Net of cash acquired, GSK’s aggregate investment is estimated at $9.4 billion, with the deal primarily funded…

Shares of Micron Technology (MU) climbed sharply Monday as investors returned to the memory sector following a bruising Friday selloff across semiconductor stocks. The rebound came after Micron shares fell 13.25% on Friday amid a broad retreat in AI-related chip names triggered by profit-taking across the sector. The Friday decline was partly sparked by Broadcom,…

ChatGPT maker OpenAI has filed confidentially for an initial public offering, the company announced Monday in a blog post submitted to the public. The Sam Altman-led firm submitted its IPO paperwork directly to the U.S. Securities and Exchange Commission, making it one of the most anticipated filings in recent memory. “We expect it to leak…

Game 3 resale ticket prices for the NBA Finals at Madison Square Garden have plunged sharply, reversing a surge that followed New York’s thrilling Game 2 victory. Low-end get-in prices for Monday’s contest between the Knicks and the San Antonio Spurs have fallen to below $5,000 per ticket, down from an $11,000 minimum recorded early…

Elon Musk is pushing forward with an ambitious plan to launch artificial intelligence data centers into orbit, arguing that space offers power advantages Earth simply cannot match. Speaking before a crowd earlier this year, Musk framed the entire initiative around a fundamental energy problem facing the AI industry on the ground. “You’re power constrained on…

Investors betting that U.S. inflation will ease once the Iran conflict ends and energy prices fall may be badly miscalculating their exposure to risk. A powerful El Niño weather pattern is expected to pick up where geopolitical disruptions leave off, threatening to drive global commodity prices significantly higher in the months ahead. Analysts at Marex,…

The federal government is in preliminary talks with major artificial intelligence companies about taking ownership stakes in the rapidly expanding sector. President Donald Trump confirmed Friday that his administration is actively considering acquiring government equity positions in leading AI developers. Speaking to reporters aboard Air Force One, Trump said discussions had already taken place with…

Bank of America (BAC) is urging investors to exercise greater caution toward U.S. equities as a growing number of internal bear market indicators flash warning signals simultaneously. In a research note, strategists led by Savita Subramanian said there are “too many red flags” and advised clients to “take profits” at current levels. The firm estimates…

Analysts are warning that the next generation of video game consoles could cost consumers as much as $1,000, and hardware upgrades are not the reason. The PlayStation 6 and Xbox Project Helix are among the upcoming platforms expected to face dramatic price increases driven entirely by external economic pressures. A surge in global demand for…