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Intelligence for the New World Economy
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Semafor World Economy

Rohan Goswami

Rohan Goswami

Business Reporter

Email Rohan
@rogoswami

Sign up for Semafor Business: The stories (& the scoops) from Wall Street.

Wall Street readies for SpaceX liftoff

There is little sign that investors have rotated out of other assets ahead of the historic IPO.
A SpaceX Falcon Heavy rocket lifts off carrying a NASA spacecraft to investigate the Psyche asteroid from the Kennedy Space Center in Cape Canaveral, Florida.Joe Skipper/File Photo/Reuters

AI startups race to IPO

The sheer amount of money these AI giants will need raises concerns they’ll crowd out fast followers.
A SpaceX Super Heavy booster carrying the Starship spacecraft lifts off.Steve Nesius/File Photo/Reuters

Klarna on the fight for ‘top of wallet’ in an AI agentic commerce world

CEO Sebastian Siemiatkowski thinks there’s still a place for brand loyalty and perks in a bot shopping world. Up next: Klarna airport lounges?

The ‘Jensen effect’ is the new ‘Trump bump’ for stocks

Shares of different AI companies all rose as much as 10% this week after Huang complimented them on stage at an event in Taiwan.
NVIDIA CEO Jensen Huang leaves the SK hynix booth during the annual Computex in Taipei, Taiwan.Ann Wang/File Photo/Reuters

Private credit withdrawals spike

Investors in Blackstone’s flagship fund sought to yank 10% of their money this quarter, showing that the jitters engulfing the industry may be deepening.
A Blackstone logo.Mike Segar/File Photo/Reuters

Berkshire to invest $10 billion in Alphabet in major AI bet

Berkshire Hathaway famously missed past tech waves, to Warren Buffett’s regret. Greg Abel is determined not to miss this one.
Berkshire Vice Chairman Greg Abel speaks with shareholders during the Berkshire Hathaway Inc. annual shareholders’ meeting, in Omaha, Nebraska, U.S., May 2, 2025.Brendan McDermid/Reuters

Short-seller Andrew Left will appeal fraud conviction

The short seller was accused of manipulating markets in media appearances and on social media.

How Anthony Pompliano thinks AI will turbocharge the independent investor

The capital manager-turned-“finfluencer” founded an AI-powered platform providing advice to independent investors.

Union Pacific executives privately deny talks with Trump over 15% stake

The US president has publicly floated the idea of the government taking an ownership stake.

Paramount appears to sway DOJ staff on Warner Bros. takeover

US antitrust regulators appear to approve Paramount’s $110 billion studio deal after a two-hour meeting at the Justice Department Tuesday, people familiar with the matter said.

Lyft is coming for corporate travel

CEO David Risher told Semafor he’s already speaking with CEOs like United Airlines’ Scott Kirby about bundling Lyft with other corporate travel perks.

Vail Resorts’ CEO Rob Katz says he won’t hedge the weather on prediction markets

The biggest risk to Vail Resorts’ ski business is the weather, but Katz says hedging it in the markets “is not as simple as it might look.”

The future of AI is an AI futures market

Wall Street is building a way for traders to buy and sell the processing power that underpins AI like the way they bet on the fluctuating price of a barrel of oil.

Novo Nordisk lets Canadian patent expire

It is unclear whether the patent’s lapse was a bit of cunning corporate strategy or an expensive oversight.

CEOs are stressed out

Corporate chiefs are using earnings calls as talk therapy.

NextEra’s $67 billion deal pokes the AI bear

Regulators’ approval will test Americans’ anger against AI.

Companies jostle for AI stock bump

If you’re, say, a flailing sneaker company, you might issue a press release announcing you’re now in the GPU-leasing business.

Mayor Zohran Mamdani is wading into an international M&A deal

New York’s mayor wants to block the merger of Western Union and Intermex, arguing it’ll hurt some of the neediest New Yorkers.
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