Forbes Topline
Forbes Topline delivers the most important breaking news stories from Forbes' newsroom directly to your podcast feed. Each episode covers top business, finance, and current events headlines. The podcast provides concise, timely updates for listeners who want to stay informed.
Episodes
What We Know About Billionaire Peter Thiel’s Secret 'Dialog’ Society—Including Who’s Involved
A leak of private information purportedly related to an ultra-secret society called “Dialog” founded by PayPal billionaire Peter Thiel has revealed the inner workings of an elite group to which hundreds of global leaders, business executives and billionaires belong.
The documents, examined and revealed by Wired this week, show Thiel and investor Auren Hoffman co-founded Dialog in 2006 as a privat
What We Know About Potential $300 Billion For Iran In Peace Deal
Iran could have access to up to $300 billion in reconstruction funds if it adheres to a peace agreement it recently struck with the U.S., according to Vice President JD Vance and multiple reports, though official terms of the deal remain scarce as President Donald Trump has seemingly denied the payout as “fake news.”
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Fox Will Buy Roku For $22 Billion
Fox Corporation on Monday announced it reached an agreement to buy the streaming service Roku for $22 billion, expanding Fox’s streaming portfolio in a transaction the companies said would create the “third-largest player in U.S. television.”
Fox said it would acquire Roku for $160 per share in a deal the companies expect to include $400 million in savings.
Fox CEO Lachlan Murdoch, the eldest so
Elon Musk Becomes The World's First Trillionaire Ever After SpaceX IPO
Elon Musk just became the first trillionaire in world history. SpaceX’s stock began trading on the Nasdaq Friday at $150 per share, implying a nearly $2 trillion market cap for the company. Forbes estimates that Musk is now worth $1.1 trillion as of just before noon eastern Friday, up from $982 billion on Thursday, when SpaceX priced its IPO at $135 share. The IPO pricing boosted Musk’s fortune by
Larry Ellison’s Net Worth Plunges $10 Billion—Falls Behind Bezos To Fifth-Richest
Larry Ellison’s fortune declined by more than $10 billion on Tuesday, dropping him behind Jeff Bezos to the No. 5 spot among the wealthiest as Oracle shares stumbled amid another broad decline for tech stocks.
Shares of Oracle dropped by more than 4% as of Tuesday afternoon, extending losses of 17% over the last week, as other tech stocks headlined declines across the stock market, including Marv
Inflation Hit Highest Rate In 3 Years In May
Inflation rose to its highest annual rate in three years in May, as surging oil costs once again fueled broader price increases amid a persistent conflict in the Middle East, according to federal data released Wednesday.
Consumer prices increased 4.2% from May 2025 and 0.5% between April and May, the Bureau of Labor Statistics reported, matching consensus economist estimates, according to FactSet
OpenAI Has Filed Paperwork To Go Public
OpenAI has confidentially filed an S-1 form for an initial public offering, the company said in a brief statement on Monday, about one week after artificial intelligence rival Anthropic did the same as several of the largest companies in the industry prepare to go public.
In a brief statement released on Monday evening, OpenAI said it expected news of the confidential filing to leak, prompting it
Elon Musk Boosts Unsubstantiated Claims About LA Mayor Election As Spencer Pratt Drops To Third
Elon Musk early on Monday boosted unsubstantiated claims questioning the results of the primary elections in California, focusing specifically on the Los Angeles Mayoral primary, as the progressive Democratic candidate Nithya Raman overtook Republican Spencer Pratt's vote count, putting her on track to join incumbent mayor Karen Bass in a runoff.
According to the Associated Press, 83% of the vote
Gautam Adani Becomes Asia’s Richest Billionaire As Net Worth Swells By $2 Billion
Gautam Adani’s fortune increased by roughly $2.5 billion on Friday as shares rallied across his Adani Group subsidiaries, making him the richest person in Asia ahead of Mukesh Ambani, who briefly held the title.
Adani’s net worth swelled to $89.2 billion, ranking him ahead of Ambani and SoftBank’s Masayoshi Son, who held the title of Asia’s richest before shares of the Japanese investment firm pl
Larry Ellison Becomes Third-Richest Man As Oracle Shares Hit Year’s High
Oracle shares hit a 2026 intraday high Monday, extending a furious late-May rally that has recast the database pioneer as a marquee AI-infrastructure player and boosted the fortune of cofounder Larry Ellison, who holds roughly 40% of the company.
Oracle traded as high as $233.72 Monday, after surging about 11% Friday to cap software's strongest month since 2001.
The company has pivoted from a ma
Knicks Finals Tickets Cost More Than Manhattan Rent, Mortgages, More
he first NBA Finals appearance in decades for the New York Knicks comes with a hefty cost for fans, who will have to pay thousands of dollars for even the cheapest seats inside Madison Square Garden—rivaling the average monthly rent for a Manhattan apartment, the average price of an engagement ring and several transatlantic flights.
The Knicks first host the San Antonio Spurs at Madison Square Ga
Anthropic Confidentially Files For Its Highly Anticipated IPO
Claude maker Anthropic has confidentially filed initial paperwork with the Securities and Exchange Commission, taking a step toward a potential initial public offering that could reportedly come as early as late 2026.
The filing sets neither a share count nor a price.
The move arrives just days after the company closed a $65 billion round that valued it at $965 billion—eclipsing rival OpenAI an
Rich Americans Are Collecting Citizenships As ‘Plan B’ In Uncertain Times
Uber-rich Americans are collecting multiple residencies and citizenships for the same reason they diversify their stock portfolios—to hedge against risk in an unpredictable world, investment migration experts tell Forbes.
The U.S. has replaced China as the largest market for clients seeking secondary or tertiary citizenships, Eric Major, CEO and chairman of the investment migration advisory firm
Memory Chip Maker Micron Joins The Trillion-Dollar Club
UBS analysts raised their price target more than threefold to $1,625, implying a potential valuation of close to $1.8 trillion for the company in the next 12 months.
The upgrade was the highest target of any of the 46 Wall Street firms covering Micron, well above the consensus price target of $684.32, per FactSet data
Micron is up 177% this year and has surged more than 800% over the past 12 mon
Ferrari’s First EV Divides The Internet: Here’s Why Sports Car Fans Hate The Luce
The unveiling of a new electric supercar from Ferrari sharply divided the internet Tuesday morning as traditionalists decried the design as “an Apple product on wheels” and supporters praised the luxury brand’s bold attempt at a reinvention.
Ferrari's unveiling of the Luce—a $640,000 speedster and its first ever electric model—sent shares down around 6% Tuesday morning as the brand’s fans slammed
U.S. Will Invest $2 Billion In Quantum Computing Firms And Take Equity
The U.S. will invest $2 billion in grant funding in return for equity stakes in nine quantum computing companies, the Wall Street Journal first reported citing the Commerce Department, including a $1 billion grant for IBM as the Trump administration’s push to take equity stakes in tech and industrial manufacturers continues.
Legacy tech firm IBM is expected to receive the largest grant, worth abo
Elon Musk’s SpaceX Files For Highly Anticipated IPO
Elon Musk’s SpaceX confirmed in a Wednesday filing with the Securities and Exchange Commission it will take the company public, a multi-trillion-dollar move that could potentially turn Musk into the world’s first trillionaire.
Spacex’s IPO valuation could reach between $1.75 trillion and $2 trillion, according to multiple reports, which would best the previous all-time IPO valuation record of $1.
SpaceX Could Face ‘Musk Effect’ With Major Risks After IPO
Details of SpaceX’s IPO are expected to be made public this week as it accelerates plans for a stock debut that will likely make CEO Elon Musk the world’s first trillionaire, but one analyst warned that trading may be volatile as the stock faces “substantial” downside risks.
SpaceX, which filed confidential initial public offering registration with the Securities and Exchange Commission in April,
Jury Dismisses Elon Musk's OpenAI Lawsuit Over Missed Deadline, But His Lawyer Promises Appeal
A jury declared Elon Musk filed his lawsuit against OpenAI and Sam Altman too late in a Monday afternoon verdict, finding the defendants not liable for any of the claims and ending a dramatic court showdown between two of the AI industry’s leading billionaires—at least for now, as a Musk lawyer says he plans to appeal.
Musk filed a lawsuit against Altman and OpenAI in 2024, alleging Altman renege
Trump Gets $1.8 Billion Payday With ‘Anti-Weaponization’ Fund As He Drops IRS Case
President Donald Trump voluntarily dropped his $10 billion lawsuit against the IRS on Monday in exchange for a $1.8 billion “anti-weaponization” fund that is expected to pay out money to Jan. 6 rioters, a broadly controversial move that’s already drawn widespread outrage from Democrats and ethics experts.
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Iran War Costs Have Increased $4 Billion—Some Estimates Say It’s Closer To $200 Billion
The cost of the Iran war has ballooned $4 billion since the Pentagon’s last public estimate less than two weeks ago, officials said Tuesday—though the economic costs of the war are likely significantly higher.
The war has cost around $29 billion, Defense Department Comptroller Jay Hurst told Congress Tuesday, attributing the increase to “updated repair and replacement of equipment cost and also j
From Diet Coke To AI Chips: How The Iran War Is Causing Critical Global Shortages
From snack packaging to AI chips, the Iran War's supply chain blockades are causing severe global shortages across consumer and industrial goods.
Calbee, Japan's biggest snack maker, on Tuesday warned its products will switch from their famously colorful packaging to black-and-white labels by the end of the month due to an Iran war-spurred shortage of an ink ingredient, the latest disruption to h
Nvidia Hits Record $5.5 Trillion Value—First Company To Ever Reach Mark
Nvidia’s value reached the $5.5 trillion mark for the first time Wednesday, again breaking the record for the highest ever market capitalization in the history of publicly traded companies, as its stock rallied following news that centibillionaire CEO Jensen Huang is joining President Donald Trump’s trip to China.
Nvidia’s market cap reached just over $5.5 trillion as shares surged 3% as of early
Trump Reportedly Invites Billionaire Delegation To China For Xi Meeting
President Donald Trump reportedly invited a group of billionaires—worth a combined $870 billion, according to our estimates—to join him on his trip to China this week to meet Chinese President Xi Jinping, their first summit of Trump’s second term, which comes amid tensions over trade, the war in Iran and the future of artificial intelligence.
Tesla’s Elon Musk, Blackstone’s Stephen Schwarzman, Ap
Jet Fuel Shortage In ‘Crisis Mode’ Leading To More Flight Cuts And Higher Airfares
With the Strait of Hormuz closed for nearly 10 weeks, much of the world is running out of jet fuel and summer vacation plans could be disrupted, energy experts told Forbes.
“It’s not going to be a short-term issue, because it can’t be easily solved,” Matt Smith, director of commodity research at Kpler, the energy data and analytics platform, told Forbes, having likened the jet fuel shortage to a
Americans Among Dozens Of Passengers Who Disembarked Hantavirus-Infected Cruise Ship
The World Health Organization has confirmed dozens of people, including Americans, left the ship upon which a hantavirus outbreak has killed several people and flew home after the death of the first passenger but before they knew they’d been exposed to a contagious and deadly disease.
On Thursday, May 7th, Oceanwide Expeditions, operator of the cruise ship MV Hondius, says at least 29 living pass
U.S. Hotels Say World Cup Is ‘Non-Event’ So Far
FIFA hyped the World Cup as an economic juggernaut for the U.S.—but with five weeks until the tournament kicks off, the hotel industry says advanced bookings in some host cities are on par or lagging any ordinary summer.
Nearly 80% of U.S. hoteliers in 11 World Cup host cities say bookings are tracking below original forecasts, with some describing the tournament as a “non-event,” according to an
It’s Not Just Spirit: These Budget Airlines Are ‘Burning Cash’—Putting Low-Cost Fares At Risk
The jet fuel crisis was the straw that broke Spirit Airlines’ back, but other budget airlines are also struggling to be profitable and losing market share—a potential warning for cost-conscious travelers, aviation experts tell Forbes.
Low-cost carriers—including Allegiant, Frontier, JetBlue, Southwest, Spirit and Sun Country—combined for 35.5% of market share in February, down from 38.2% a year e
AI Music Generator Suno Eyes $5 Billion Valuation After Latest Funding Round
Suno, the AI music generation company that has attracted a staggering 100 million users is reportedly nearing a close of a funding round that could value it at more than $5 billion, more than double what it was valued after its last funding round in November.
Suno is expected to close a Series D funding round in the coming weeks, Axios and Billboard reported Monday morning, which Axios reported c
GameStop Could Issue Stock In $55 Billion eBay Takeover Bid
GameStop might issue additional stock to complete its $55 billion takeover of eBay amid skepticism from economists about whether the video game retailer could afford to acquire the company, whose market value is more than double GameStop's.
GameStop CEO Ryan Cohen told CNBC on Monday the video game retailer’s half-cash, half-stock bid for eBay may rely on issuing stock, or the process in which a
Larry Page’s Net Worth Tops $300 Billion For First Time Amid Alphabet Earnings Rally
Larry Page’s net worth swelled on Thursday, surpassing $300 billion for the first time as Alphabet’s stock rose after reporting a surge in cloud revenue through the Google parent’s latest quarter.
Forbes’ Real-Time Billionaires List estimates Page’s net worth at $313.1 billion as of Friday morning, as the Google cofounder ranks as the second-wealthiest person in the world.
Fellow Google cofounde
LIV Golf Loses Saudi Arabia Funding—Effectively Ending PGA Rival
LIV Golf, the competitor to the PGA Tour bankrolled by Saudi Arabia’s Public Investment Fund, is losing its funding from the Gulf state, according to The Wall Street Journal. This follows weeks of speculation surrounding the upstart’s potential shutdown.
LIV intends to tell staff and players, some of whom were among the PGA Tour’s most popular when they were poached, on Thursday that the league w
Google Billionaire Sergey Brin Compares California Wealth Tax To Soviet Union Socialism
Billionaire Google co-founder and ex-California resident Sergey Brin has said he’s adamantly opposed to a proposed one-time, 5% tax on the wealth of California residents (and has spent $57 million to fight it) because he fears it will lead the state down a similar socialist path as that of the former Soviet Union, which his family fled when he was 6 years old.
Brin, who has moved from a backer of
United Arab Emirates Leaves OPEC In Favor Of ‘National Interest’
The United Arab Emirates has announced it will no longer be a member of the Organization of the Petroleum Exporting Countries, OPEC, starting May 1 after reflecting on its "long-term strategic and economic vision," a move that could impact the group’s ability to control the supply of oil and prices around the world.
The UAE made the announcement to leave the so-called oil cartel via the state-run
Soldier Charged After Using Classified Intel On Maduro Raid To Win $400,000 On Polymarket
A U.S. special forces soldier who participated in the raid to capture Venezuelan President Nicolas Maduro has been charged with using classified information about the operation to win more than $400,000 on the online betting platform Polymarket.
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Kalshi Bans And Fines Three Politicians For Placing Bets On Their Own Races
Kalshi caught and suspended three political candidates who bet on the outcomes of their own elections, the prediction market company said in a statement on Wednesday, fining the three politicians and issuing five-year bans from their platform.
Minnesota State Senator Matt Klein, a candidate running for the Democratic nomination for Minnesota’s second district in the House of Representatives, agre
Trump Administration Reclassifies Medical Marijuana As A Less Dangerous Drug
The Trump administration’s acting attorney general Todd Blanche signed an order on Thursday reclassifying FDA-approved and state-licensed medical marijuana as a less dangerous drug, placing it in the less strictly regulated Schedule III category.
The move will not legalize marijuana for medical or recreational use under federal law, but instead moves state-licensed medical marijuana from Schedule
Rewind: Uber Invests Over $1 Billion In Rivian In Robotaxi Deal
Rivian Automotive’s stock soared by more than 8% in premarket trading on Thursday, after Uber announced it would invest up to $1.25 billion in the electric vehicle maker—whose shares have plummeted in a years-long rout—to deploy tens of thousands of robotaxis across the U.S. by the next decade.
Key Facts
Shares of Rivan jumped 8.2% in premarket trading on Thursday, marking what would be a slig
Billionaire Vinod Khosla Suggests America Rethink Taxation In The Age Of AI
Billionaire investor Vinod Khosla suggested as many as 125 million people should be exempt from paying income taxes in the coming decades as artificial intelligence gets closer to eliminating a mass number of jobs, suggesting the government make up the lost revenue by relying on capital gains tax.
Key Facts
Khosla wrote on X the AI boom will require a "rethink of capitalism and equity" and sug
Rewind: Inside Stiiizy, The World’s Best-Selling Weed Brand
James Kim’s Los Angeles-based cannabis company grew from a scrappy startup in 2017 to a legal unicorn worth $1.5 billion. Allegations of black-market activity and lawsuits be damned—Stiiizy aims to be the Nike of cannabis.
Inside a warehouse in Downtown Los Angeles, next to a strip club, James Kim, the CEO and cofounder of the California-based cannabis brand Stiiizy opens the door to one of his gr
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