OpenAI has confidentially filed for an initial public offering, setting it up for what may be the most highly anticipated market debut in recent history and a massive payday for early investors.
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OpenAI said in a statement that it has confidentially filed its draft S-1 document with the SEC.
The filing comes a little more than a week after its main rival, Anthropic, also filed to go public, ramping up the race between the two AI firms.
Major insurers such as Allstate, Liberty Mutual and Nationwide kept at least 15% of their holdings in assets such as private equity and hedge funds last year, according to research by S&P Global Market Intelligence. Other carriers, including The Hartford Insurance Group, Chubb and USAA, keep less money in such investments, but their share more than doubled in the past decade, S&P Global analyst Tim Zawacki found. Property and casualty insurers’ moves into so-called alternative investments have picked up just as many pensions and endowments have started to question whether the returns those funds can generate will be as attractive as they have been in decades past.
Meta is investing $115 million to stand up a new training program for data center technician jobs, as the social media giant races to build the infrastructure to power its AI ambitions. The cost-free program, America's Workforce Academy, will end in guaranteed job offers to graduates, the company said in a statement. A Meta spokesperson said the program will provide generalist training for data center technicians.
Vail Resorts (MTN) delivered earnings and revenue surprises of -1.82% and -0.01%, respectively, for the quarter ended April 2026. Do the numbers hold clues to what lies ahead for the stock?
The five-week program, which is free of charge and guarantees a job, follows a recent layoff of 8,000 employees.
By Jamie McGeever ORLANDO, Florida, June 8 (Reuters) - The S&P 500 and Nasdaq rebounded on Monday from Friday's tech-led rout, on news of an Israel-Iran detente and as investors bought back cheapened
More top executives are leaving Walmart as new leadership puts its stamp on the business. Monday afternoon, Walmart plans to announce the departure of Diana Marshall, a decadeslong employee who is currently chief experience officer at Sam’s Club, Walmart’s warehouse-club chain. Marshall will leave the company at the end of the month, according to a person familiar with the situation and a document viewed by The Wall Street Journal.

<body><p>STORY: "The concern is we've had a 30-40 basis point backup in rates here in the last month," said Livengood. "The 10-year is dancing around 4.6 percent. If that goes a lot higher, if we hit 5 percent or more, that interest rate scenario probably slows economic growth a bit, starts to slow earnings growth of the S&P 500 companies, and changes our investment outlook a bit to be more defensive."</p><p>He added that the Federal Reserve could raise interest rates if this occurs.</p></body>
Applied Digital has signed a 15-year lease with a U.S.-based hyperscaler at its Delta Forge 2 site which is expected to generate about $5.2 billion in revenue over the period, sending the company's shares up 8.7% in extended trading. Major technology companies are raising their spending on data centers to support powerful artificial intelligence models, boosting demand for electricity, computing capacity and specialized facilities. About 70% of Applied Digital's contracted revenue is now backed by U.S.-based investment-grade hyperscalers, the company said on Monday.
Moby summary of FuelCell Energy, Inc.'s Q2 2026 earnings call
There are various investment funds that hold pre-IPO shares of Elon Musk's rocket company; and plenty more will automatically buy the stock days after it goes public.
Moby summary of AstroNova, Inc.'s Q1 2027 earnings call
Some employees in their 20s and 30s are having a hard time wrapping their heads around the need to set up exotic-sounding estate-planning tools they didn’t think they’d have to worry about for another few decades, wealth managers say.
Yahoo Finance Senior Columnist Kerry Hannon joins Josh Lipton on Market to discuss Fidelity's (FNF) decision to lower its account minimum for the SpaceX (SPCX) IPO set for Friday, June 12.
The S&P 500 added 0.3%, coming off its 2.6% drop from Friday that was its worst since October. The Dow Jones Industrial Average dipped 0.2%, and the Nasdaq composite climbed 0.9%. Some of the best performers were companies that sell computer chips, memory and other products fueling the AI boom.
AI-driven growth, chip demand, and inflation concerns push Korean bond yields to multi-year highs.
Japan's AI-linked shares fell sharply as Fed rate expectations, Middle East tensions, and valuation concerns pressured risk appetite.
Apple investors gave a tepid reception to the next generation of its AI platform. The new Apple Intelligence system, underpinned by Google technology, was unveiled during a keynote presentation at the company's Worldwide Developers Conference. Ed Ludlow reports on "Bloomberg The Close."
SanDisk (NASDAQ:SNDK) has won a higher price target from Bank of America, with the bank lifting its objective to $2,100 from $1,550 on the back of robust NAND demand, favourable pricing trends, and a new wave of long-term supply agreements. At BofA's 2026 Global Technology Conference in San...
Stronger labor data shifts market expectations as Trump argues higher rates could be the wrong move.
Chipotle COO Jason Kidd joins Ashley Mastronardi on NYSE Floor Talk
Eisman on Monday expressed skepticism about SpaceX potentially merging with EV Giant Tesla Inc (TSLA), highlighting the latter company’s many challenges.
As the Nasdaq Composite Index tries to hang onto its gains for today, recent market history is on its side, considering Friday's big drop. After the last 20 drops of 4% or more, the index has risen, on average 0.9% on the following trading day.
Stifel raised its target while BNP Paribas warned leadership uncertainty may weigh on sentiment.
The excitement is palpable ahead of the rocket company's public launch on Friday, June 12.
Elon Musk’s SpaceX is days away from the biggest IPO ever, but the deal will reportedly happen without one major source of capital: investors in Hong Kong and mainland China. Underwriters on the $75 billion offering have been told not...
AI Momentum May Need To Offset Leadership Uncertainty