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Market News
Shoppers break record
Black Friday shoppers spent a record $9.8 billion online, Musk warns ‘something scared’ OpenAi chief scientist, US stocks cap off best four-week stretch in a year, Meta complaint says underage users were an ‘open secret’, and poll shows Americans think the American dream is dying...
Sam returns
Sam Altman returns as OpenAI CEO in dramatic reversal, Binance CEO agrees to plead guilty and pay $50M fine, Fed gave no indication of possible rate cuts in last meeting, FDIC forms special committee to review allegations, and Nvidia’s revenue triples as chip boom continues...
Microsoft wins
Wall Street cheers Microsoft’s ‘coup’ as stock hits all-time high, Nearly all of OpenAI staff threaten to follow Altman to Microsoft, Benioff woos disaffected OpenAI staff to Salesforce, Citigroup employees brace for layoffs in management overhaul, and Senate committee subpoenas Live Nation and Ticketmaster in months-long probe...
OpenAI's CEO Saga
Sam Altman shock: fired Friday as OpenAI’s CEO, Mira Murati then Emmett Shear each named interim CEO over the weekend (developing), Blackstone is frontrunner in Signature Bank property-loan sale, S&P 500 flirts with quickest comeback in 10 years, and President-elect Milei vows to open a new era for Argentina...
Shop a new car... on Amazon
Biden calls Xi a dictator after carefully planned summit, bulls are in control of the market now, Hyundai to be first automaker to sell new cars on Amazon, Apple to adopt RCS texting standard in truce with Android, and Starbucks employees go on strike during key promotional ‘Red Cup Day’ event...
CPI @ 8:30am ET
Strategists see far deeper Fed rate cuts than the markets, Yellen disagrees with Moody’s negative outlook, Supreme Court adopts first code of conduct following controversies, House Speakers plan to avert gov shutdown faces critical last few hours, and Dubai faces down airline rivals with $50 billion jet orders...