China blocked Japanese billionaire Masayoshi Son’s SoftBank Group’s takeover of ABB’s robotics unit in the country, derailing the investment firm’s push into physical AI.
Philippine Airlines—controlled by banking and tobacco tycoon Lucio Tan—has agreed to buy nine additional A350-1000 jets from Airbus, bringing to 18 its firm orders for the long-haul jets needed to support the flag carrier’s expansion in key North American destinations.
Musk suffered the worst losses of any billionaire Thursday as SpaceX and Tesla shares fell.
Larry Ellison lost $11.5 billion on Thursday as Oracle shares fell around 7.5%
Nvidia’s Jensen Huang’s net worth fell by $12 billion on Thursday as Nvidia’s stock dropped 7%.
Upon completion of the deal, which is subject to regulatory approvals, Adani Ports—controlled by billionaire Gautam Adani—said its global footprint will expand to 28 ports and terminals across 10 countries.
Liang Wenfeng, founder of China’s homegrown AI giant DeepSeek, shoots up to No. 3 with a $46 billion fortune.
Amazon’s Jeff Bezos and Google’s Larry Page and Sergey Brin gained billions while Elon Musk and Michael Dell’s fortunes fell.
Elon Musk was by far the largest individual donor in the 2026 elections, but his money couldn’t hold back a blue tsunami on Tuesday night.
Oracle submitted filings Monday revealing the company is selling $20 billion of debt and equity to raise money for its artificial intelligence investments.