BUSINESS

OpenAI CEO Sam Altman discusses how lessons from Peter Thiel and Paul Graham shaped his approach to identifying unconventional investment opportunities, leading to OpenAI's success despite initial skepticism.

Warren Buffett's advice to invest in low-cost S&P 500 index funds remains relevant, but today's tech-heavy index presents new risks. Analysts discuss the implications for diversification and long-term returns.

Japan's Nikkei 225 index fell 0.94% after a rare U.S.-Japan currency intervention strengthened the yen, impacting export-dependent manufacturers. The move marks the first coordinated intervention in decades.

LeBron James's signing with the Philadelphia 76ers could generate up to $430 million in regional economic activity, impacting tourism, retail, and more, despite his modest $8 million contract.

Australian motorists face rising fuel costs as federal excise reductions end and Middle East tensions impact oil prices. A new refinery feasibility study aims to address long-term fuel security.

Darryl Cuttell alleges SpaceXAI owes $570 million for data center work, amid IHRA's financial struggles and Rockingham Speedway's uncertain future.

PYC Therapeutics' stock rose 7.06% amid ongoing advancements in RNA-based treatments for rare genetic diseases, supported by a strong financial position and promising clinical trial results.

Iran and Oman are nearing a final agreement on a new maritime route through the Strait of Hormuz, amid ongoing US-Iran tensions affecting global oil markets and regional security.

The US and Japan have jointly intervened to support the yen, marking the first such action since 1998, aiming to stabilise the currency amid economic pressures and signal diplomatic friendship.

Tesla shareholders have approved a $1 trillion pay package for Elon Musk, contingent on achieving ambitious growth targets, including a market cap of $8.5 trillion and significant operational milestones.

MediaTek shares surged 9.99% following strong earnings and AI ambitions, bolstered by strategic partnerships and a broader Asian tech rally. The company aims to expand its AI market share significantly.

Domino's Pizza Enterprises' stock rose 6.41% amid ongoing volatility, driven by short-seller activity and strategic changes following its first annual loss in fiscal 2025.

South Korea's KOSPI index fell 5.36% after a historic surge, driven by profit-taking and short-covering. Market volatility continues amid global AI and semiconductor demand shifts.

4DMedical's stock has surged 1,250% over the past year, driven by strategic acquisitions, new contracts, and expanding market presence, despite ongoing volatility and valuation concerns.

Australia's ASX 200 fell 0.11% as iron ore prices hit a yearly low, impacting mining stocks. Despite Wall Street's tech-driven gains, concerns over Chinese demand and economic data persist.

Apple is expected to announce the iPhone 18 Pro and possibly its first foldable iPhone on Sept. 9, following its historical scheduling patterns for fall keynotes.

SpaceX has become the most shorted large public company in the US, with investors betting $26 billion against it following a significant stock value decline despite successful operations.

Ken Griffin transformed Citadel from a Harvard dorm project into a leading Wall Street firm, managing billions and influencing markets. Discover key milestones and Griffin's impact on finance and philanthropy.

Indian Creek Island, known as the 'Billionaire Bunker,' is a secluded enclave in Biscayne Bay attracting ultra-wealthy residents like Jeff Bezos and Mark Zuckerberg with its privacy and exclusivity.

A major security flaw in Coldcard wallets led to a $75 million Bitcoin theft, yet the cryptocurrency's market price remained stable, reflecting continued investor confidence.

New York City plans to open city-owned grocery stores offering a 30% discount on essential foods, sparking debate over its impact on local grocers and food affordability.

Jordan Brand reintroduces the Air Jordan 17 in a new Black Patent colourway, highlighting a shift towards reissuing less common models. The release is part of a broader retro trend.

Elon Musk humorously refers to himself as a 'former trillionaire' after a significant drop in his net worth, highlighting the volatility of billionaire wealth tied to tech company valuations.

Capital One defends its decision to close Trump Organization accounts, citing anti-money laundering concerns. The bank seeks dismissal of a lawsuit alleging political bias, highlighting compliance-driven motives.

Samsung's Galaxy Z Fold 8 introduces ten innovative AI features, enhancing user experience with tools like My FanCam, Call Brief, and Gemini Intelligence, while prioritising on-device privacy and extended software support.

Unitree's AS2-W robot, with its autonomous navigation and lifelike movements, has gone viral, sparking mixed reactions. Its potential for cargo transport and search-and-rescue highlights significant advancements in robotics.

Amazon is offering a $350 gift card for pre-orders of Samsung's Galaxy Z Fold 8, adding to competitive promotions for the foldable smartphone's launch.

Vizio smart TV users faced widespread issues with SmartCast functionality, as Downdetector reported a surge in complaints. Vizio has yet to confirm the outage or provide a resolution timeline.

Tesla is reportedly exploring options to separate its China operations amid potential merger talks with SpaceX, despite Elon Musk's denial. Regulatory concerns and geopolitical tensions are key factors.