US Politics & Business News
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…
Tax season brings widespread confusion about what a filing extension actually means for American taxpayers who owe money to the federal government. Many people mistakenly believe that requesting more time to file their return also gives them more time to pay any taxes they owe, but that assumption is costly. The IRS is clear on…
Intel (INTC) stock skyrocketed more than 11% in premarket trading after reports emerged that Google and Nvidia are evaluating or selecting Intel as a backup AI chip foundry. The Information reported that Google has placed an order with Intel to manufacture more than 3 million Tensor Processing Units in 2028, according to four people with…
U.S. households are growing increasingly anxious about their financial situations, with a key measure of consumer distress hitting its highest level in nearly four years. The Federal Reserve Bank of New York’s monthly Survey of Consumer Expectations, released Monday, showed a sharp deterioration in how Americans view their current financial standing. The share of respondents…