OpenAI is projected to post a net loss of around $14 billion this year as soaring AI infrastructure costs outpace revenue growth. Analysts warn the company could run out of cash within 18 months despite plans to reach profitability by 2030.
Global billionaire wealth climbed to a new peak in 2025 as the number of ultra-wealthy individuals surpassed 3,000 for the first time, according to Oxfam. The group warned that growing fortunes are translating into greater political and economic influence.
U.S. equities suffered a sharp selloff that wiped out roughly $1.4 trillion in market value in a single session, marking the worst daily performance since October 2025. While stocks and cryptocurrencies tumbled, gold surged to a fresh all-time high.
Global markets sold off sharply after President Donald Trump announced new tariffs on European imports, triggering a rush into safe-haven assets as equities and crypto assets tumbled.
Elon Musk is pursuing up to $134 billion in damages from OpenAI and Microsoft, claiming he was misled after OpenAI abandoned its nonprofit mission and entered a deep commercial partnership with Microsoft.
Japan has become the first country to begin extracting rare earth elements from the ocean floor, marking a major step to secure critical mineral supplies and reduce reliance on China.
BlackRock reported a rise in fourth-quarter profit driven by strong ETF inflows and heightened demand for index funds, underscoring continued investor interest in passive strategies amid market volatility.
ASML shares surged to a new all-time high, pushing the company’s market capitalization above $500 billion as strong results from TSMC reignited optimism across the global semiconductor sector.
Global markets surged as bitcoin climbed above $96,000 for the first time since November, while silver and copper hit fresh records amid aggressive short covering and renewed investor risk appetite.
Blockchain network Polygon says it will invest $250 million in deals aimed at boosting stablecoin payment adoption and infrastructure, positioning itself as a key hub for crypto payment activity.
Japanese stocks surged as investors reacted to rising expectations that the ruling coalition may call a snap general election, boosting confidence in policy continuity and fiscal support.
Gold surged past $4,600 an ounce for the first time as investors rushed into safe-haven assets amid mounting political pressure on the Federal Reserve and escalating geopolitical tensions.
U.S. prosecutors have launched a criminal investigation into Federal Reserve Chair Jerome Powell over disclosures tied to a headquarters renovation, escalating political pressure on the central bank amid rate policy tensions.
Nasdaq and CME Group have unveiled a joint crypto index aimed at bringing greater transparency and institutional-grade benchmarks to digital asset markets.
Chat platform Discord has confidentially filed for an initial public offering, signaling renewed momentum in venture-backed tech listings as market sentiment improves.