Tens Of Thousands Stranded Amid Mass Airspace Closures At Mideast Hubs: "It's Chaos Here"

OpenAI Valuation Doubts Loom As Softbank Scales Back Margin Loan SoftBank Group's abrupt scaling back of a planned $10 billion margin loan backed by its roughly 13% stake in OpenAI - now targeting as little as $6 billion - reveals deepening lender unease over the AI giant’s $852 billion post-money valuation set in March 2026. The move follows earlier $40 billion bridge financing and comes amid reports that OpenAI missed internal revenue and weekly-active-user targets earlier this year. While the loan itself is SoftBank’s problem, the episode carries real risks for OpenAI. The...

Porsche Plans 20% Price Hike On Top-End 911s In Profit Push During Capital Markets Day in Weissach, new Porsche CEO Michael Leiters offered Wall Street desks a bleak outlook, warning that the turnaround will take time and that operating conditions are unlikely to improve significantly over the next few years. Leiters signaled to investors a shift toward value over volume. He said the focus is now on prioritizing higher revenue per vehicle and reducing dependence on China. One such strategy, as Bloomberg reports, is for Porsche to raise average prices for...