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Danish Prime Minister Mette Frederiksen said Greenland was “not for sale” and that her country was “ready to defend every inch of NATO, including our own territory,” after President Donald Trump began renewing calls for the U.S. to acquire the self-governing territory at a contentious NATO summit taking place in Turkey. Read the full story on Forbes: https://www.forbes.com/sites/zacharyfolk/2026/0...

Tickets for the World Cup quarterfinal matchup in the Los Angeles area swiftly dropped by more than half on resale markets following the elimination of the U.S. and Portugal on Monday, the latest ticket price reduction of the tournament ahead of the final later this month. Learn more about your ad choices. Visit megaphone.fm/adchoices

President Donald Trump has once again brought up his call for the U.S. to control Greenland, telling reporters at the NATO summit that kicked off today that the dispute over the territory is what hurt his relationship with NATO.  Greenland is currently autonomous territory of Denmark and is self-governing but Trump has argued that the U.S. should control it because the island territory is sur...

Coffee and chocolate, two of the world’s most widely consumed and traded commodities, soared in value as investors appeared concerned El Niño weather patterns could disrupt harvests across Brazil and West Africa, with analysts warning that coffee has approached “meme-stock territory.” Coffee futures jumped as much as 18.5% on Monday, hitting $3.57 per pound in the commodity’s largest intraday gain...

A leak of private information purportedly related to an ultra-secret society called “Dialog” founded by PayPal billionaire Peter Thiel has revealed the inner workings of an elite group to which hundreds of global leaders, business executives and billionaires belong. The documents, examined and revealed by Wired this week, show Thiel and investor Auren Hoffman co-founded Dialog in 2006 as a private...

Iran could have access to up to $300 billion in reconstruction funds if it adheres to a peace agreement it recently struck with the U.S., according to Vice President JD Vance and multiple reports, though official terms of the deal remain scarce as President Donald Trump has seemingly denied the payout as “fake news.” Learn more about your ad choices. Visit megaphone.fm/adchoices

Fox Corporation on Monday announced it reached an agreement to buy the streaming service Roku for $22 billion, expanding Fox’s streaming portfolio in a transaction the companies said would create the “third-largest player in U.S. television.” Fox said it would acquire Roku for $160 per share in a deal the companies expect to include $400 million in savings. Fox CEO Lachlan Murdoch, the eldest son...

Elon Musk just became the first trillionaire in world history. SpaceX’s stock began trading on the Nasdaq Friday at $150 per share, implying a nearly $2 trillion market cap for the company. Forbes estimates that Musk is now worth $1.1 trillion as of just before noon eastern Friday, up from $982 billion on Thursday, when SpaceX priced its IPO at $135 share. The IPO pricing boosted Musk’s fortune by...

Larry Ellison’s fortune declined by more than $10 billion on Tuesday, dropping him behind Jeff Bezos to the No. 5 spot among the wealthiest as Oracle shares stumbled amid another broad decline for tech stocks. Shares of Oracle dropped by more than 4% as of Tuesday afternoon, extending losses of 17% over the last week, as other tech stocks headlined declines across the stock market, including Marve...

Inflation rose to its highest annual rate in three years in May, as surging oil costs once again fueled broader price increases amid a persistent conflict in the Middle East, according to federal data released Wednesday. Consumer prices increased 4.2% from May 2025 and 0.5% between April and May, the Bureau of Labor Statistics reported, matching consensus economist estimates, according to FactSet....

OpenAI has confidentially filed an S-1 form for an initial public offering, the company said in a brief statement on Monday, about one week after artificial intelligence rival Anthropic did the same as several of the largest companies in the industry prepare to go public. In a brief statement released on Monday evening, OpenAI said it expected news of the confidential filing to leak, prompting it...

Elon Musk early on Monday boosted unsubstantiated claims questioning the results of the primary elections in California, focusing specifically on the Los Angeles Mayoral primary, as the progressive Democratic candidate Nithya Raman overtook Republican Spencer Pratt's vote count, putting her on track to join incumbent mayor Karen Bass in a runoff. According to the Associated Press, 83% of the votes...

Gautam Adani’s fortune increased by roughly $2.5 billion on Friday as shares rallied across his Adani Group subsidiaries, making him the richest person in Asia ahead of Mukesh Ambani, who briefly held the title. Adani’s net worth swelled to $89.2 billion, ranking him ahead of Ambani and SoftBank’s Masayoshi Son, who held the title of Asia’s richest before shares of the Japanese investment firm plu...

Oracle shares hit a 2026 intraday high Monday, extending a furious late-May rally that has recast the database pioneer as a marquee AI-infrastructure player and boosted the fortune of cofounder Larry Ellison, who holds roughly 40% of the company. Oracle traded as high as $233.72 Monday, after surging about 11% Friday to cap software's strongest month since 2001. The company has pivoted from a matu...

he first NBA Finals appearance in decades for the New York Knicks comes with a hefty cost for fans, who will have to pay thousands of dollars for even the cheapest seats inside Madison Square Garden—rivaling the average monthly rent for a Manhattan apartment, the average price of an engagement ring and several transatlantic flights. The Knicks first host the San Antonio Spurs at Madison Square Gar...

Claude maker Anthropic has confidentially filed initial paperwork with the Securities and Exchange Commission, taking a step toward a potential initial public offering that could reportedly come as early as late 2026. The filing sets neither a share count nor a price.  The move arrives just days after the company closed a $65 billion round that valued it at $965 billion—eclipsing rival OpenAI and...

Uber-rich Americans are collecting multiple residencies and citizenships for the same reason they diversify their stock portfolios—to hedge against risk in an unpredictable world, investment migration experts tell Forbes. The U.S. has replaced China as the largest market for clients seeking secondary or tertiary citizenships, Eric Major, CEO and chairman of the investment migration advisory firm L...

UBS analysts raised their price target more than threefold to $1,625, implying a potential valuation of close to $1.8 trillion for the company in the next 12 months. The upgrade was the highest target of any of the 46 Wall Street firms covering Micron, well above the consensus price target of $684.32, per FactSet data Micron is up 177% this year and has surged more than 800% over the past 12 month...

The unveiling of a new electric supercar from Ferrari sharply divided the internet Tuesday morning as traditionalists decried the design as “an Apple product on wheels” and supporters praised the luxury brand’s bold attempt at a reinvention. Ferrari's unveiling of the Luce—a $640,000 speedster and its first ever electric model—sent shares down around 6% Tuesday morning as the brand’s fans slammed...

The U.S. will invest $2 billion in grant funding in return for equity stakes in nine quantum computing companies, the Wall Street Journal first reported citing the Commerce Department, including a $1 billion grant for IBM as the Trump administration’s push to take equity stakes in tech and industrial manufacturers continues. Legacy tech firm IBM is expected to receive the largest grant, worth abou...

Elon Musk’s SpaceX confirmed in a Wednesday filing with the Securities and Exchange Commission it will take the company public, a multi-trillion-dollar move that could potentially turn Musk into the world’s first trillionaire. Spacex’s IPO valuation could reach between $1.75 trillion and $2 trillion, according to multiple reports, which would best the previous all-time IPO valuation record of $1.7...

Details of SpaceX’s IPO are expected to be made public this week as it accelerates plans for a stock debut that will likely make CEO Elon Musk the world’s first trillionaire, but one analyst warned that trading may be volatile as the stock faces “substantial” downside risks. SpaceX, which filed confidential initial public offering registration with the Securities and Exchange Commission in April,...

A jury declared Elon Musk filed his lawsuit against OpenAI and Sam Altman too late in a Monday afternoon verdict, finding the defendants not liable for any of the claims and ending a dramatic court showdown between two of the AI industry’s leading billionaires—at least for now, as a Musk lawyer says he plans to appeal. Musk filed a lawsuit against Altman and OpenAI in 2024, alleging Altman reneged...

President Donald Trump voluntarily dropped his $10 billion lawsuit against the IRS on Monday in exchange for a $1.8 billion “anti-weaponization” fund that is expected to pay out money to Jan. 6 rioters, a broadly controversial move that’s already drawn widespread outrage from Democrats and ethics experts. Learn more about your ad choices. Visit megaphone.fm/adchoices

The cost of the Iran war has ballooned $4 billion since the Pentagon’s last public estimate less than two weeks ago, officials said Tuesday—though the economic costs of the war are likely significantly higher. The war has cost around $29 billion, Defense Department Comptroller Jay Hurst told Congress Tuesday, attributing the increase to “updated repair and replacement of equipment cost and also ju...