OpenAI CEO Sam Altman and the White House have been in talks for over a year about the US government potentially receiving an equity stake in OpenAI. The discussions include OpenAI possibly donating shares to create a "Public Wealth Fund," allowing citizens to benefit from AI growth. This aligns with a policy proposal from OpenAI and a sovereign wealth fund initiative signed by President Trump. No final terms are set, and OpenAI is preparing for an IPO this year with a valuation over $850 billion.
Snow Rothschild Acquisition Corp. priced its initial public offering (IPO) at $200 million, issuing 20 million units at $10 each. Each unit includes one Class A share and half a warrant, allowing purchase of additional shares at $11.50. The units wil...
Piper Sandler downgraded NVIDIA from "Overweight" to "Neutral" citing potential government scrutiny, including concerns over national security and competition. Despite this, demand for NVIDIA's AI products, especially Grace Blackwell systems, is very...
Casey's General Stores is set to report its Q2 2026 earnings on June 9, with analysts forecasting a 28.9% increase in earnings per share to $3.39 and revenue growth of 8.8% to $4.34 billion. Despite a slight 0.8% downward revision in EPS estimates re...
The Pentagon has added Chinese tech giants Alibaba, Baidu, and automaker BYD to a list of companies it believes support China's military. This move prohibits the US Defense Department from contracting directly with these firms starting later this mon...
President Donald Trump attended Game 3 of the NBA Finals at Madison Square Garden in New York City, where he was loudly booed by fans before the game started. His presence caused security delays, making ticket holders wait over two hours to enter the...
