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N Team

OpenAI’s $1 trillion ambition could delay its IPO

OpenAI’s path to public markets has tightened around a single benchmark its CEO refuses to negotiate below. The maker of ChatGPT has raised approximately $190 billion in private funding to date and positioned itself at the center of a generational technology shift.  Investors have been watching closely since the company filed a confidential draft S-1

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These 33 restaurant chains cut 20%, 30%, even 60% of locations

While big chains like Denny’s, Hooters, Red Lobster, and TGI Friday’s commanded the headlines, 33 chains closed 10% or more of their locations in 2025, according to Technomic data shared with Nation’s Restaurant News (NRN). That’s less than the 75 that closed more than 10% during 2020, but if you factor out that pandemic-impacted year,

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SoftBank CEO offers stinging critique of Musk’s AI bet

SoftBank Group (SFTBY) chief executive Masayoshi Son told shareholders this week that Elon Musk’s plan to build data centers in orbit is a losing bet, Fortune reported. Son, who has committed billions to on-the-ground AI infrastructure, framed the dispute as a question of timing and cost, not of engineering capability. The 68-year-old investor, whose company

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Gold’s rebound has a problem. Here’s what happens next 

Gold finally mounted a comeback on Friday, June 26, but the rebound didn’t erase the bigger warning in the market. Spot gold rose 1.2% to $4,073.78 an ounce, while August U.S. gold futures climbed 1.2% to $4,096.30, according to CNBC.  The move came just as the dollar eased off from recent highs following Thursday’s Personal

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SpaceX gets brutal verdict from legendary Wall Street investor

The bearish case for SpaceX is no longer coming from just one corner of Wall Street. I’ve now heard concerns from traders, investors, and market veterans. Previously, I have covered the former Nasdaq CEO’s lockup warning, Jim Cramer’s verdict that it “couldn’t sustain the walk-up,” and Doug Kass’s short thesis. Michael Burry also studied the

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168-year-old iconic winery spinoff closes in financial distress    

Declining wine consumption over the last six years has led major wine companies to close down wineries and production facilities. The industry’s annual revenue has declined by $19.7 billion, or 21%, to $74.3 billion in 2025 since generating $94 billion in 2020, according to Silicon Valley Bank’s State of the US Wine Industry Report. “Boomers are

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