Time Magazine unveiled its 2017 Person of the Year on Wednesday. This is the year of "The Silence Breakers," which are the voices that launched a moment. Time Assistant Managing Editor Claire Howorth explains what went into making this issue.
When looking at impact and influence this year, Howorth explains, people are thinking about current conversation around women and men, and the legislative changes in the pipeline. "I think we are very at the tip of the iceberg," she says. "This is just the beginning."
In November, President Trump tweeted that Time Magazine got in touch with him, saying he'd probably be named Person of the Year. He famously tweeted, "I would have to agree to an interview and a major photo shoot. I said probably is no good and took a pass." Howorth says the tweet was incorrect. But Time Magazine does say Trump was on the short list for the cover.
Oracle soars as it cashes in on the AI boom, Plus: Starbucks shares continue to fall under its new CEO, and does anybody actually want a new iPhone Air?
Swedish buy now, pay later company Klarna is making its highly anticipated public debut on the New York Stock Exchange Wednesday, the latest in a run of high-profile initial public offerings this year. The offering priced at $40 Tuesday, above the forecasted range of $35 to $37 a share, valuing the company at more than $15 billion. The valuation easily makes Klarna one of the biggest IPOs so far in 2025, which has been one of the busier years for companies going public. Other popular IPOs so far this year include the design software company Figma and Circle Internet Group, which issues the USDC stablecoin..
Oracle co-founder Larry Ellison wrested the title of the world’s richest man from longtime holder Elon Musk early Wednesday as stock in his software giant rocketed more than a third in a stunning few minutes of trading. That is according to wealth tracker Bloomberg. A college dropout, the 81-year-old Ellison is now worth $393 billion, Bloomberg says, several billion more than Musk, who had been the world’s richest for four years. The switch in the ranking came after a blockbuster earnings report from Oracle. Forbes still has Musk as the richest, however, valuing his private businesses much higher.
