Iga Swiatek wins Wimbledon’s $4 million prize—But taxes will cut that in half. Here’s why.
The Grand Slam’s winners will pay at least $2.9 million in combined taxes, though the runners-up will also pay hefty fees.
Ty Roush, Forbes Staff
Bitcoin hits record high ahead of ‘crypto week’
Bitcoin rallied Thursday to a new all-time high above $116,000, the latest milestone for the cryptocurrency in recent months as House Republicans appeared to stoke regulatory optimism among crypto investors.
Elon Musk claims Grok ‘manipulated’ by X users after chatbot praises Hitler
The chatbot referred to itself as “MechaHitler” in a series of social media posts the Anti-Defamation League called “irresponsible, dangerous and antisemitic.”
Copper prices surge to record high in largest increase since ‘80s—Here’s why
Trump ordered an earlier investigation into possible tariffs on copper imports, arguing global competitors could pose a threat to national security and economic stability.
Jensen Huang now world’s 9th-richest as Nvidia win streak continues
One analyst suggests Nvidia, the world’s largest company, could reach a $4 trillion market cap this summer, while another says $6 trillion is the peak.
Tesla plummets 14% in stock’s 11th-worst day ever as Musk’s feud with Trump escalates
Musk has called to “kill” Trump’s policy bill, criticizing the legislation as “massive, outrageous” and “pork-filled.”
Reddit claims Anthropic trained AI models using its users’ data without consent
Anthropic accessed Reddit’s servers more than 100,000 times after saying it stopped, Reddit alleges.
Prisons must provide gender-affirming care for transgender inmates, judge rules—blocking Trump order
Trump issued an executive order blocking federal funds for “the purpose of conforming an inmate’s appearance to that of the opposite sex.”
Everything we know about OpenAI’s $6.5 billion purchase of Jony Ive’s Io
OpenAI’s Sam Altman called Ive, who designed several Apple products, the “greatest designer in the world.”
Bitcoin hits all-time high of over $109K amid crypto rally
The Senate advanced regulations for stablecoins earlier this week, following support from the broader crypto industry.