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OpenAI Wants To Slash Prices After Altman Said Steep Costs Were ‘Huge Issue,’ Report Says
BreakingBusinessOpenAI Wants To Slash Prices After Altman Said Steep Costs Were ‘Huge Issue,’ Report SaysBySiladitya Ray,Forbes Staff. Siladitya Ray is a New Delhi-based Forbes news team reporter.Follow AuthorJun 11, 2026, 08:10am EDTToplineOpenAI is considering major price cuts for its AI tools in a bid to compete with rival Anthropic, according to a Wall Street Journal report, as both companies prepare to go public later this year and the steep usage cost prompts some companies to scale back o...
SpaceX IPO tomorrow: Could Elon Musk become world's first trillionaire? Decoding the math
Elon Musk may soon become the world's first trillionaire. This is due to the upcoming initial public offering of his company SpaceX. The IPO is expected to be the largest in history. If valuations hold true, Musk's personal fortune could surge past the trillion-dollar mark. This event could reshape global wealth rankings and create new millionaires.
Why The ‘Super Agent’ Strategy Is Failing In The Enterprise—And What Actually Works
InnovationWhy The ‘Super Agent’ Strategy Is Failing In The Enterprise—And What Actually WorksByPraveen Satyanarayana,Forbes Councils Member.for Forbes Technology CouncilCOUNCIL POSTExpertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. | Membership (fee-based)Jun 11, 2026, 08:00am EDTPraveen Satyanarayana, data and AI leader at Tredence, advancing domain-specific agentic systems for enterprise decision intelligence. gettyEnterprise ambition h...
Stock market: Which are top 10 gainers and losers on NSE & BSE today? Check list
Indian equity benchmarks closed lower on Thursday, impacted by global weakness, rising crude oil, and Middle East tensions. IT stocks saw significant selling, while banking and pharma offered some support. Markets experienced volatility throughout the session, reflecting investor caution amid geopolitical concerns and FII outflows.
GoPro under intense pressure from rising costs and competition
MoneyWatch GoPro under intense pressure from rising costs and competition .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } June 11, 2026 / 7:43 AM EDT / AFP Add CBS News on Google For nearly 25 years, GoPro cameras have gone underwater, glided with parachutes and slipped down ski slopes, enabling the adventurous to record images of their experiences. But the San Mateo, Calif.-based company now faces a battle for survival amid intensifying compe...
What will happen to gold prices if inflation stays elevated through 2026? Here's what experts say.
MoneyWatch: Managing Your Money What will happen to gold prices if inflation stays elevated through 2026? Here's what experts say. We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Aly J Yale Aly J Yale Aly J. Yale is a contributing writer for the Managing Your Money section for CBSNews.com, covering various personal...
Gold sinks to 6-month low as speculative investors exit
Bullion set for worst quarter in almost a decade as Iran war, expectations of US rate rises and SpaceX IPO weigh on price
Shipping Code Got Cheap—Now What?
InnovationShipping Code Got Cheap—Now What?ByScott Breitenother,Forbes Councils Member.for Forbes Technology CouncilCOUNCIL POSTExpertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. | Membership (fee-based)Jun 11, 2026, 06:45am EDTScott Breitenother, Co-founder and CEO of Kilo Code. gettyMany engineering teams still organize work the same way they did a decade ago: Someone identifies a problem or improvement, logs it as a ticket, and it wait...
Wipro Rs 15,000 crore buyback opens - what it means for retail investors
Wipro's Rs 15,000 crore share buyback is now open, offering shareholders Rs 250 per share, a significant premium over the current market price. The offer, valid until June 17, presents a potential arbitrage opportunity for retail investors. However, analysts suggest limited gains, with acceptance ratios expected around 20%, and caution about risks associated with unaccepted shares.
How residents in this southern state are getting richer amid its population explosion
Texas isn't just getting more populated, its residents are getting richer.For years, critics have argued that Texas' economic success is mostly a numbers game: more people move in, businesses follow, and the economy naturally gets larger. But the latest federal data suggest there's more to it.Even after accounting for one of the nation's biggest population booms, the Lone Star State is generating more wealth for the average resident than it did just a few years ago, a sign that the state's econo...
Boost for litchi exports! Assam’s GI-tagged Tezpur litchi reaches Dubai, Singapore
Assam's prized Tezpur litchi has made its international debut with the first export consignment reaching Dubai. This milestone, facilitated by APEDA, highlights efforts to boost Northeast agricultural exports. The GI-tagged fruit, celebrated for its exceptional taste and aroma, fetched farmers higher prices, promising enhanced livelihoods and opening new global markets for this century-old cultivation legacy.
Motorists swarm to Chinese EVs as 'affordability' concerns see drivers back foreign cars
Motorists have been increasingly turning to Chinese-made cars as cost fears push more drivers towards cheaper electric vehicles, new research suggests.Fresh research has found that more than two in five motorists (43 per cent) would consider buying a Chinese vehicle as their next car. In comparison, only 26 per cent said they would not consider purchasing a Chinese-made model, highlighting a major shift in purchasing attitudes.The latest figures represent a significant increase in confidence com...
Ryanair investigated after 'unfair' charges imposed on parents to sit with their children on flights
Ryanair is being investigated after "unfair" charges were imposed on parents who wanted to sit with their children on flights. The Competition and Markets Authority (CMA) has been looking into the airline's seat fees which the watchdog said cost around £8, describing them as "unfair" under consumer law. In Ryanair's policies, parents must sit next to their child if they were aged between two to 11, calling this a "mandatory family seat", but parents would have to pay for this.Ryanair have hit ba...
Govt unveils economic survey for FY26
Finance Minister Muhammad Aurangzeb is presenting the Pakistan Economic Survey (PES) for FY2025-26. Addressing a press conference in Islamabad, he said the survey told a story, reflecting the resilience and discipline shown during the previous year. More to follow
'Homemaker builds nation': SC values domestic care loss at Rs 30,000 every month
The Supreme Court has recognized homemakers as 'nation builders' and ruled that the loss of their domestic care services should be a separate head of compensation in motor accident claims. The court fixed a notional monthly income of Rs 30,000 for assessing this loss, emphasizing the substantial economic and social value of their contributions to families and society.
China’s Jingye seeks compensation from UK over British Steel takeover
Sources say Chinese firm is asking for more than £1bn in row that could put pressure on two countries’ relationshipBusiness live – latest updatesThe Chinese owner of British Steel has started a formal process under an international treaty to win compensation from the UK government over its decision to nationalise the Scunthorpe steelworks.Jingye Steel said it would seek to recover money via China’s bilateral investment treaty with the UK, after more than a year of negotiations over the size of a...
Either ignore climate change lunacy or high energy prices will make you wish you had
Congressional Republicans spent four years opposing the Biden administration’s energy policies, asserting that they raised prices from the gas pump to our utility bills. Now it’s the Democrats’ turn to hit President Donald Trump on energy affordability, and they can point to the boost in the price of gasoline since the start of the Iran war as well as still-rising electric rates. But Trump is doing the one thing absolutely essential to affordability over the long-term, and that is dismantling th...
Warren’s Warning: Is The AI Boom America’s Next Financial Crisis?
MoneyBanking & InsuranceWarren’s Warning: Is The AI Boom America’s Next Financial Crisis?ByMayra Rodriguez Valladares,Senior Contributor.Follow AuthorJun 11, 2026, 05:00am EDTSenator Elizabeth WarrenSenator Warren's OfficeOn June 11 at a hearing entitled ‘AI and the American Dream: Promoting Innovation, Affordability, and American Dominance’ the Senate Committee on Banking, Housing, and Urban Affairs will be hearing from four witnesses who will discuss a broad range of issues related to artifici...
UK probes Ryanair over fees for parents to sit with children
Britain’s competition watchdog said on Thursday that it had opened an investigation into Irish carrier Ryanair over fees that parents must pay to sit with their children. The no-frills airline requires at least one parent to sit with children aged two to 11 during a flight, but that means they must pay for what is called a “mandatory family seat”. The Competition and Markets Authority (CMA) is investigating whether the fee, typically around ₤8 ($11) per flight, is “unfair” under consumer law. Fo...
Biggest Investing Mistakes In 2026: Why Investors Keep Falling For Bad Stocks
According to experts, even experienced market participants are falling into traps despite spending years analysing markets.