Business news

Business news • May 04

Brockman Says His Stake in OpenAI Worth Nearly $30 Billion

OpenAI co-founder and President Greg Brockman testified that his stake in the startup is now worth almost $30 billion, prompting an attorney for Elon Musk...

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Business news • May 04

Doris Fisher, co-founder of Gap and major S.F. arts patron, dies at 94

Doris Fisher, who co-founded Gap Inc. with her late husband, Donald Fisher, and helped turn a San Francisco jeans shop into a global retail company that...

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Business news • May 04

Doris Fisher, Co-Founder of the Gap, Dies at 94

Doris Fisher, who along with her husband, Don, founded the Gap retail empire in 1969, remaking the apparel industry and helping to change the way Americans...

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Business news • May 04

Spirit Airlines doomed by sky high fuel prices due to 'recent geopolitical events,' court docs say

Spirit Airlines said in court papers filed Monday that it was forced to ground its fleet for good over the weekend because "recent geopolitical events...

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Business news • May 04

Elon Musk’s only AI expert witness at the OpenAI trial fears an AGI arms race

When do we take AI doomers seriously? That's a key subtext of Elon Musk's attempt to shut down OpenAI's for-profit AI business. His attorneys argue that the...

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Business news • May 04

GameStop stock falls after company proposes $56 billion deal for eBay

GameStop (GME) has offered $56 billion in cash and stock to buy (EBAY). But an interview with CEO Ryan Cohen on the math surrounding the deal raised more...

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Business news • May 04

Honoring Doris Fisher’s Legacy

Team -. I'm writing to share the sad news that Gap Inc. co-founder, Doris Fisher, passed away peacefully, surrounded by her family, at age 94.

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Business news • May 04

Doris Fisher, Gap cofounder, dies at 94

Fisher, who started the fashion brand with her late husband, was a San Francisco native.

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Business news • May 04

Anthropic and OpenAI are both launching joint ventures for enterprise AI services

Both Anthropic and OpenAI have partnered with asset managers to more aggressively market their enterprise AI products.

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Business news • May 04

Musk wanted to settle with OpenAI just days before their courtroom showdown, new filing says

Elon Musk sought a potential settlement with OpenAI two days before his massive trial against the ChatGPT maker began last week, a new court filing from...

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Business news • May 04

Amazon’s trying to turn its massive shipping operation into another AWS

Amazon is launching a new delivery service for third-party companies, allowing businesses of “all types and sizes” to use Amazon's fulfillment network to...

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Business news • May 04

Musk texted OpenAI's Brockman about settlement two days before trial began

Elon Musk co-founded OpenAI in 2015 and sued the company, President Greg Brockman and CEO Sam Altman in 2024.

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Business news • May 04

Berkshire shares trade lower even after Abel scores good marks at meeting, earnings jump

shares gave up gains Monday afternoon following CEO Greg Abel's solid performance over the weekend helming the annual meeting for the first time, as well as...

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Business news • May 04

GameStop Offers to Buy eBay for $56 Billion

EBay said Monday its board and financial advisers would review GameStop's unsolicited proposal.

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Business news • May 04

eBay Confirms Receipt of Unsolicited Proposal from GameStop

PRNewswire/ -- eBay Inc. (Nasdaq: EBAY), a global commerce leader that connects millions of buyers and sellers around the world, today confirmed that it has...

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Business news • May 04

Jerome Powell Just Threw President Donald Trump Under the Bus One Last Time Before His Term as Fed Chair Ends

It's nearly the end of an era at the nation's central bank. In just 11 days, on May 15, Jerome Powell's second term as Fed chair will come to an end and,...

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Business news • May 04

GameStop's CEO unleashed a flood of good memes with his eBay offer

How do you celebrate a memestock trying to buy a company four times its size? You make memes, of course. On Sunday, GameStop's CEO, Ryan Cohen,...

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Business news • May 04

Why Jerome Powell Decided to Stay at the Fed

The departing Fed chair didn't want to remain on the board. He concluded he had no choice.

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Business news • May 04

GameStop stock sinks after surprise eBay takeover bid, Cohen's combative CNBC interview

GameStop made a takeover bid for eBay, offering $125 per share in a cash-and-stock deal that values the e-commerce platform at roughly $55.5 billion.

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Business news • May 04

Spirit Airlines says refunds have been issued to most of its customers

Spirit Airlines said on Sunday it had almost completed refunding passengers and returning its crew to their home bases following its abrupt closure.

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