-
1 week ago | 
forbes.com | Christopher Helman |Chris Helman
Michigan is sitting on a motherlode of potash and Ted Pagano is using $1.3 billion in government funds to mine it and grab market share away from Canada and Russia. The eureka moment came in 2012, when professor emeritus William Harrison of the University of Western Michigan invited Ted Pagano, then a 35-year-old freelance geologist, to his 27,000-square-foot geological repository in Kalamazoo.
-
1 week ago | 
forbes.com | Christopher Helman |Chris Helman
Goldman Sachs sees gold as a far better hedge against a collapsing dollar than bitcoin. Over the past few decades, when U.S. interest rates rose, investors would tend to sell gold and buy U.S. Treasuries, seeking higher yields. But that long term relationship broke down in February 2022, when western financial authorities moved to freeze Russia's central bank assets upon President Vladimir Putin's invasion of Ukraine. This was a wake up call, says Lina Thomas, commodity strategist at Goldman Sachs.
-
2 weeks ago | 
forbes.com | Christopher Helman |Chris Helman
Like a 180-degree shift in the winds, the Department of Interior on Monday reversed its order from April for Norwegian energy giant Equinor to halt work on the $5 billion Empire Wind project. The venture – which will feature dozens of turbines dotting 80,000 acres of Atlantic Ocean 15 miles southeast off Long Island, New York – had been in limbo for weeks, and was costing Equinor $50 million a week to keep 10 ships floating on site. Now they can get back to work.
-
1 month ago | 
forbes.com.au | Chase Peterson-Withorn |Alan Ohnsman |Christopher Helman
After a volatile April for U.S. stocks, a guide to which of the world's top ten richest came out ahead-and whose fortunes fell. Key Facts Elon Musk is the richest person in the world, a title he's held since May 2024. Jeff Bezos the founder and chairman of Amazon, has been No. 2 richest for the second month in a row. Bill Gates dropped out of the top 10 richest in October 2024 after Forbes obtained new information about a significant contraction in his fortune.
-
1 month ago | 
forbes.com.au | Chase Peterson-Withorn |Alan Ohnsman |Christopher Helman |Antonio Pequeño IV
Hundreds of billionaires are poorer since Trump took office. Here are the few who have lost-or gained-the most. "This is what victory feels like," Elon Musk declared the day Donald Trump was sworn in.
-
1 month ago | 
forbes.com.au | Antonio Pequeño IV |Alan Ohnsman |Christopher Helman
Key Takeaways Meta announced the launch of the app, which features an AI chatbot and a "discover" feed that allows users to see how others are using the assistant. The app uses Meta's Llama 4 model, which was released early this month and has been touted by Meta as being more cost-efficient than competitor models like Gemini, GPT and DeepSeek. Meta's AI assistant could already be used on WhatsApp, Instagram, Facebook and Messenger.
-
1 month ago | 
forbes.com | Christopher Helman |Chris Helman
Occidental Petroleum’s conventional oilfields in the Permian basin of west Texas have been producing for decades. And although output has slowed, there remains 2 billion barrels of oil still trapped thousands of feet below the surface. Engineers have figured out several methods over the years to scour out stubborn oil from nooks and crannies in the reservoir rock (think of a sponge but with much tighter pore spaces).
-
1 month ago | 
forbes.com.au | Sara Dorn |Alan Ohnsman |Christopher Helman |Antonio Pequeño IV
President Donald Trump bragged that he runs "the world" and is "having a lot of fun" in his second term in a new interview with The Atlantic, conducted in part after the magazine, which Trump once derided as "failing," called his cellphone and the president answered.
-
1 month ago | 
forbes.com.au | Jonathan Burgos |Alan Ohnsman |Christopher Helman |Antonio Pequeño IV
Published on April 28, 2025 This story was featured in Issue 16 of Forbes Australia. Tap here to secure your copy. The roots of Kuok Group, the conglomerate founded by legendary business tycoon Robert Kuok, go back to 1949 in Malaysia’s Johor state, where he and his brothers started a business trading everyday items such as sugar, rice and flour.
-
1 month ago | 
forbes.com.au | Samuel Hussey |Christopher Helman |Antonio Pequeño IV |Jonathan Burgos
Published on April 25, 2025 So how did a diggers’ pastime become a national institution? Two-up began in the bush and back alleys of colonial Australia, evolving from a simple coin toss brought over by Irish and English settlers. It spread through goldfields and convict camps, often played under the watch of a lookout for the cops.
