OpenAI Is Falling Out of Favor With Secondary Buyers

OpenAI shares have fallen out of favor on the secondary market — in some cases becoming almost impossible to unload — as investors pivot quickly to Anthropic, its biggest competitor. Even as OpenAI raced in recent months to raise tens of billions of dollars, Next...

Top Gulf Aluminum Producer EGA Halted Output After Iran Strike

Emirates Global Aluminium, the Middle East’s top producer of the metal, halted operations at its Al Taweelah smelter after the site was struck by Iranian missiles and drones over the weekend, according to a person familiar with the matter. The smelter on the outskirts...

London’s Family Offices Drew Mideast Money as Non-Doms Fled

London’s unsettled family office economy has drawn rising investment from wealthy Middle Eastern families in the past 18 months, providing a boost as other rich investors pull back. Firms managing multi-billion-dollar fortunes from the United Arab Emirates to Saudi...

Nike Plummets to Lowest in Decade as Turnaround Sputters

Nike Inc. shares tumbled after the retailer gave a surprisingly gloomy outlook for the year ahead, complicating Chief Executive Officer Elliott Hill’s efforts to turn around the business. Revenue is expected to decline 2% to 4% in the current quarter and will be down...