OpenAI’s Sam Altman meets Mideast investors for $50 billion round
The ChatGPT maker is looking to raise $50 billion or more in the round at a valuation of about $750 billion to $830 billion, the people said. The talks are early, and the amount could change. OpenAI has also recently held talks with Amazon.com Inc. to raise at least $10 billion, Bloomberg News has reported.
PhonePe India IPO set to see Walmart cut stake as Tiger Global, Microsoft exit
PhonePe is preparing for its initial public offering by mid-2026. Major investors Walmart, Tiger Global, and Microsoft are reducing or exiting their stakes. PhonePe leads India’s unified payments interface market. The company aims to list amidst a strong Indian primary market. This move is significant for the Indian digital payments landscape.
Jamie Dimon issues rare CEO criticism of Trump’s immigration policy: ‘I don’t like what I’m seeing’
American CEOs have mostly avoided direct criticism of Trump’s policies over the past year.
Trump signals he has a favorite for Fed chair: ‘Down to maybe one, in my mind’
The president said a search that began in September and once included as many as 11 candidates is nearly over.
Trump calls for Congress to enact 10% credit card interest rate cap; bank stocks rise
Trump’s call for legislation follows a post calling on banks to limit card interest rates to 10%.
Jamie Dimon says U.S. should impose Trump’s credit card rate cap in Vermont and Massachusetts
JPMorgan Chase CEO Jamie Dimon on Wednesday advocated for a test of President Donald Trump’s proposed credit card rate cap in Vermont and Massachusetts.
Berkshire prepares to exit 28% stake in Kraft Heinz as new CEO aims to move on from rare Buffett gaffe
The move underscores Greg Abel’s willingness to look past a deal that has long stood out as a rare blemish in Buffett’s otherwise storied record.
Stocks making the biggest moves premarket: Netflix, United Airlines, Kraft Heinz & more
These are the stocks posting the largest moves in premarket trading.
Adani Power plans up to Rs 7,500 crore NCD raise
Adani Power plans to raise Rs 7,500 crore via non-convertible debentures, targeting institutional investors to refinance debt and fund operations. The company operates 18 gigawatts of thermal capacity and aims to expand to 42 gigawatts by 2032.
PhonePe gets Sebi nod for IPO; Microsoft, Walmart to pare stake in OFS
Walmart-backed PhonePe has secured Sebi approval for its IPO, clearing a major hurdle for one of India’s biggest fintech listings. The $14.5-billion startup plans a $1.5-billion OFS, with Walmart, Tiger Global, and Microsoft set to sell shares. Strong payments dominance and rising revenues underpin investor confidence.