Elon Musk just hit Sam Altman with an $800 billion counterpunch – Business Insider

The offering has been closely watched on Wall Street as a gauge of the health of the $4tn private equity industry © Medline Private equity-owned medical supply group Medline Industries jumped 41 per cent in its Wall Street debut on Wednesday after raising $6.3bn in the biggest initial public offering of 2025. Medline’s share price…

Christmas came early for someone who purchased a Powerball ticket at a gas station outside Little Rock, Arkansas, worth more than $1.8 billion. The lone winner in Wednesday’s Christmas Eve drawing matched all five winning numbers and the Powerball to capture the second-largest lottery jackpot in U.S. history, ending the game’s three-month stretch without a…

JPMorgan Chase CEO Jamie Dimon on Wednesday warned that President Trump’s 10% credit card cap would force banks to yank credit lines for most Americans — hammering the economy. “Of course we want affordability,” Dimon said during an interview with the Economist at the World Economic Forum in Davos, Switzerland. But the 10% cap “would…

Bank of Japan governor Kazuo Ueda had given what traders said was unusually clear messaging ahead of the decision to raise interest rates on Friday © Kazuhiro Nogi/AFP/Getty Images Japan’s benchmark government bond yields hit their highest level since 1999 after the central bank pushed up short-term interest rates to address rising prices and wages….

X went down on Friday morning as tens of thousands of users reported issues relating to the social media platform controlled by Elon Musk. Users attempting to reach the site formerly known as Twitter were met with error messages such as: “Something went wrong. Try reloading.” The reload button then resulted in an unresolved spinning…

By Stephen Nellis SAN FRANCISCO (Reuters) –Nvidia, the world’s most valuable company, has gone on the defensive against skeptics of its $4.5 trillion valuation,​ down from a historic $5 trillion, by waging an information campaign on Wall Street ‌and social media. Last week, the company issued a detailed memo to sell-side stock analysts with a…