Philanthropist and mother of Elisabeth, James and Lachlan Murdoch died at home in Palm Beach, Florida The author and philanthropist Anna Murdoch-Mann, the ex-wife of the Australian media tycoon Rupert Murdoch, died at her home in Palm Beach, Florida, on Tuesday. She was 81. Murdoch-Mann’s death was reported Friday by the New York Post , one of her ex-husband’s media properties. Continue reading...
Philanthropist and mother of Elisabeth, James and Lachlan Murdoch died at home in Palm Beach, Florida The author and philanthropist Anna Murdoch-Mann, the ex-wife of the Australian media tycoon Rupert Murdoch, died at her home in Palm Beach, Florida, on Tuesday. She was 81. Murdoch-Mann’s death was reported Friday by the New York Post , one of her ex-husband’s media properties. Continue reading...
Sam Altman, CEO of OpenAI, is pictured on Sept. 25, 2025, in Berlin. Florian Gaertner | Photothek | Getty Images OpenAI is telling investors that it's now targeting roughly $600 billion in total compute spend by 2030, months after CEO Sam Altman touted $1.4 trillion in infrastructure commitments. The artificial intelligence company is providing a lower number and more defined timeline for its plan...
Sam Altman, CEO of OpenAI, is pictured on Sept. 25, 2025, in Berlin. Florian Gaertner | Photothek | Getty Images OpenAI is telling investors that it's now targeting roughly $600 billion in total compute spend by 2030, months after CEO Sam Altman touted $1.4 trillion in infrastructure commitments. The artificial intelligence company is providing a lower number and more defined timeline for its planned spending, sources told CNBC, as broader concerns mounted that expansion ambitions were too great for the potential revenue that would follow. OpenAI is projecting that its total revenue for 2030 will be more than $280 billion, with nearly equal contributions from its consumer and enterprise businesses, said the sources, who asked not to be named because the information is private. The spending plan the company is offering is meant to more directly tie to its expected revenue growth, the people said. In the back half of last year, OpenAI announced a flurry of multibillion-dollar infrastructure deals , partnering with leading chipmakers and cloud companies. OpenAI is finalizing a massive funding round that could total more than $100 billion, with about 90% coming from strategic investors, one person said. Nvidia is in discussions to invest up to $30 billion in OpenAI as part of the round that could value the company at a $730 billion pre-money valuation, CNBC has confirmed. In addition to Nvidia, strategic investors in the funding include SoftBank and Amazon . OpenAI generated $13.1 billion in revenue in 2025, the sources said, up from its $10 billion target. The company burned through $8 billion, lower than its $9 billion target, they said. The startup was founded as a nonprofit research lab in 2015, and it rocketed into the mainstream following the launch of its chatbot ChatGPT in 2022. ChatGPT now supports more than 900 million weekly active users, the people said, up from 800 million as of October. OpenAI declared a " code red " in December to focus on improving the c...
Energy Transfer (NYSE: ET) is off to a strong start in 2026, with its stock price up about 14% as of this writing. With the company just reporting its Q4 results, let's look at why it is one of the most intriguing master limited partnerships (MLPs) to own right now. While most investors are attracted to Energy Transfer's attractive forward yield of 7.2%, the company also has some of the best growt...
Energy Transfer (NYSE: ET) is off to a strong start in 2026, with its stock price up about 14% as of this writing. With the company just reporting its Q4 results, let's look at why it is one of the most intriguing master limited partnerships (MLPs) to own right now. While most investors are attracted to Energy Transfer's attractive forward yield of 7.2%, the company also has some of the best growth opportunities in the midstream space . The company is in the midst of two large-scale natural gas projects out of the Permian Basin, with the Hugh Brison Pipeline and Desert Southwest Pipeline. The former is 75% complete, with phase 1 expected to come online by the end of the year. Meanwhile, it just upsized the Desert Southwest project due to the strong demand from customers, with an in-service date of late 2029. Image source: Getty Images. Continue reading
After decades of economic conservatism and cash hoarding, Japanese corporations are putting reform into practice. Spin-offs are accelerating, capital structures are shifting, and private capital is stepping in to finance transformation. From Panasonic Automotive’s carve-out under Apollo to Sony’s pivot from electronics to entertainment, Japan’s corporate leaders are embracing a new model for long-...
After decades of economic conservatism and cash hoarding, Japanese corporations are putting reform into practice. Spin-offs are accelerating, capital structures are shifting, and private capital is stepping in to finance transformation. From Panasonic Automotive’s carve-out under Apollo to Sony’s pivot from electronics to entertainment, Japan’s corporate leaders are embracing a new model for long-term competitiveness. (Source: Bloomberg)
For more than 30 years, Japan’s economy was defined by deflation, negative interest rates, and economic stagnation. Now inflation has returned, corporate governance reforms are gaining traction, and investors are taking a fresh look at Japanese markets. We speak with Apollo CEO Marc Rowan, Japan Exchange Group CEO Hiromi Yamaji, and Mireya Solís of the Brookings Institution to examine whether Japa...
For more than 30 years, Japan’s economy was defined by deflation, negative interest rates, and economic stagnation. Now inflation has returned, corporate governance reforms are gaining traction, and investors are taking a fresh look at Japanese markets. We speak with Apollo CEO Marc Rowan, Japan Exchange Group CEO Hiromi Yamaji, and Mireya Solís of the Brookings Institution to examine whether Japan is finally breaking free from the so-called ‘lost decades,’ and what could derail the comeback. (Source: Bloomberg)
After decades of deflation and stagnation, Japan is embracing reform. With households and corporations sitting on trillions in cash, inflation has forced a shift in mindset. Corporate governance changes, rising equity participation, and the emergence of private credit are reshaping how Japanese companies finance growth. We examine whether the renaissance of Japan’s capital markets can power a long...
After decades of deflation and stagnation, Japan is embracing reform. With households and corporations sitting on trillions in cash, inflation has forced a shift in mindset. Corporate governance changes, rising equity participation, and the emergence of private credit are reshaping how Japanese companies finance growth. We examine whether the renaissance of Japan’s capital markets can power a long-awaited economic revival. (Source: Bloomberg)
For decades, Japan’s corporate identity was seen by many to be characterized by lifetime employment, keiretsu networks, and cautious capital allocation. Now, inflation, market reform, and investor pressure are forcing change. Leaders at Sony, Panasonic Automotive, and the Tokyo Stock Exchange are rethinking the way they do business.. But as Mireya Solís and Apollo’s Eiji Ueda explain, transforming...
For decades, Japan’s corporate identity was seen by many to be characterized by lifetime employment, keiretsu networks, and cautious capital allocation. Now, inflation, market reform, and investor pressure are forcing change. Leaders at Sony, Panasonic Automotive, and the Tokyo Stock Exchange are rethinking the way they do business.. But as Mireya Solís and Apollo’s Eiji Ueda explain, transforming balance sheets may be easier than transforming culture. (Source: Bloomberg)
Microsoft said on Friday gaming head Phil Spencer is retiring after 38 years at the software maker, in a major leadership shake-up amid growing challenges in a competitive industry. The company named insider Asha Sharma as the executive vice president and CEO of the gaming division. Sharma said she would renew focus on the Xbox console, aiming to "recommit to our core Xbox fans and players."
Microsoft said on Friday gaming head Phil Spencer is retiring after 38 years at the software maker, in a major leadership shake-up amid growing challenges in a competitive industry. The company named insider Asha Sharma as the executive vice president and CEO of the gaming division. Sharma said she would renew focus on the Xbox console, aiming to "recommit to our core Xbox fans and players."
New coach starts tenure against Arsenal on Sunday Tudor insists ‘we have enormous quality in the squad’ Igor Tudor has said Tottenham are in “an emergency situation” but issued a guarantee that his new team would escape relegation. Tudor is a veteran of short-term appointments and has performed rescue jobs at Udinese, Verona and Juventus. He offered a curt “100%” in response to questions on his co...
New coach starts tenure against Arsenal on Sunday Tudor insists ‘we have enormous quality in the squad’ Igor Tudor has said Tottenham are in “an emergency situation” but issued a guarantee that his new team would escape relegation. Tudor is a veteran of short-term appointments and has performed rescue jobs at Udinese, Verona and Juventus. He offered a curt “100%” in response to questions on his confidence in Spurs’s survival. The Croat’s tenure begins on Sunday with a north London derby at home to the wobbling Premier League leaders, though a lengthy injury list leaves him with only 13 fit senior players. Continue reading...
Rooney claimed coach lacked ‘aura’ to manage club ‘Jürgen Klopp and me both won the league’ Arne Slot has responded to Wayne Rooney’s claim that the Liverpool head coach does not have the “aura” to manage the club by pointing to his Premier League title success last season. Rooney questioned Slot’s suitability for the job, telling The Overlap : “I have met him a few times. He was a nice fella but ...
Rooney claimed coach lacked ‘aura’ to manage club ‘Jürgen Klopp and me both won the league’ Arne Slot has responded to Wayne Rooney’s claim that the Liverpool head coach does not have the “aura” to manage the club by pointing to his Premier League title success last season. Rooney questioned Slot’s suitability for the job, telling The Overlap : “I have met him a few times. He was a nice fella but I just don’t think, for Liverpool, he’s got that aura about him. Maybe this is because you have just come off the back of Jürgen Klopp and it’s going to be difficult for anyone to have that, but I just don’t think there’s that aura about him.” Continue reading...
The Supreme Court during a rain storm in Washington, Feb. 20, 2026. Annabelle Gordon | Bloomberg | Getty Images U.S. importers will be facing many hurdles trying to recover billions in tariff costs now that the Supreme Court has ruled President Donald Trump 's International Emergency Economic Powers Act, or IEEPA, tariffs are illegal. Companies large and small may be eligible for refund payments t...
The Supreme Court during a rain storm in Washington, Feb. 20, 2026. Annabelle Gordon | Bloomberg | Getty Images U.S. importers will be facing many hurdles trying to recover billions in tariff costs now that the Supreme Court has ruled President Donald Trump 's International Emergency Economic Powers Act, or IEEPA, tariffs are illegal. Companies large and small may be eligible for refund payments that in total could reach hundreds of billions of dollars, but trade attorneys have warned that tariff refunds could be denied or delayed, depending on how U.S. courts rule and how the legal system and U.S. Customs and Border Protection go about issuing any eligible payments. Record tariff revenue has been recorded by the U.S. government, with tariff collections surging in January to $30 billion and reaching a year-to-date total of $124 billion. That is up 304% from the same period in 2025. The Supreme Court decision could mean as much as $175 billion sought in refunds , according to estimates, but the ruling was silent on whether tariffs that have been paid under the higher rates will need to be refunded. Read more CNBC coverage on tariffs Supreme Court strikes down Trump tariffs in rebuke of signature policy Trump announces 10% global tariff after raging over Supreme Court loss Trump tariffs: U.S. could owe $175 billion in refunds What the Supreme Court tariff ruling may mean for your money Small furniture retailers face existential tariff threat, despite Supreme Court ruling U.S. trade deficit totaled $901 billion in 2025, barely budging despite Trump’s tariffs In his dissent from the majority Supreme Court decision on Friday, Justice Brett Kavanaugh wrote: "the Court's decision is not likely to greatly restrict Presidential tariff authority going forward. But the Court's decision is likely to generate other serious practical consequences in the near term. One issue will be refunds. Refunds of billions of dollars would have significant consequences for the U. S. Treasury....