Klarna debuts on NYSEBuy-now, pay-later company Klarna
debuted on the New York Stock Exchange on Wednesday, raising $1.37 billion. Experts, however, are wary that users are taking out too many loans and could become overwhelmed with payments.
Ellison becomes world’s richest personOracle cofounder Larry Ellison is now the world’s richest person with a net worth near $393 billion,
beating out Elon Musk on Wednesday, per the
Bloomberg Billionaire’s Index. Ellison’s wealth increased by more than $100 billion this week spurred by optimism about the company’s business which was buttressed by Oracle’s
earnings call on Tuesday, during which CEO Safra Catz predicted $18 billion in cloud infrastructure business for the fiscal year—up 77% from fiscal 2025—and up to $144 billion in cloud infrastructure revenue in fiscal 2030.
Trump meets with Polish PresidentOn Wednesday, President Donald Trump
posted on Truth Social, “What’s with Russia violating Poland’s airspace with drones? Here we go!”—responding to
reports that Polish forces had shot down several Russian drones after they entered Poland’s airspace. Trump also held a call with Polish President Karol Nawrocki on Wednesday, according to Nawrocki’s social media updates.
Justice Department appeals for Trump’s ability to fire Fed GovThe U.S. Justice Department has
asked a federal appeals court for permission for President Trump to dismiss Federal Reserve Governor Lisa Cook after a U.S. District Judge temporarily blocked her removal. If the appeals court upholds the block, the dispute is likely to advance to the Supreme Court.
Zoox robotaxis begin ridesAmazon-owned Zoox officially started
offering robotaxi services on Wednesday at certain pre-approved locations on the Las Vegas Strip. Zoox’s robotaxis will initially be free of charge.