adminThe big winner if OpenAI becomes a for-profit business? Microsoft.
OpenAI is considering transitioning from a nonprofit into a for-profit company, and its deep-pocketed benefactor, Microsoft (MSFT), has a lot to gain if the ChatGPT developer gets the green light…
Oil markets are too complacent as Israel is in ‘three eyes for one eye’ mode, expert says
Don't assume "an eye for an eye" response as Israel contemplates its next move against Iran and its proxies, with a top energy expert warning that oil markets aren't fully…
US Inflation Is Set to Reassure a Labor Market-Focused Fed
(Bloomberg) — US inflation probably moderated at the end of the third quarter, reassuring a Federal Reserve that’s shifting more of its policy focus toward shielding the labor market. Most…
Saudi Arabia Raises Asia Oil Price as Volatility Grips Market
(Bloomberg) — Saudi Arabia raised its main oil prices for buyers in Asia amid heightened volatility in the crude market as traders watch developments in the Middle East conflict. Most…
Wall Street is starting to have buyer’s remorse on the Fed’s jumbo rate cut
Wall Street celebrated the Federal Reserve's half-point rate cut last month by sending stocks to fresh record highs, but the blockbuster jobs report on Friday has caused doubts to creep…
Gen X was supposed to be the economy’s safety net—now they’re the ‘struggling middle child’ balancing retirement and paying for adult children
Gen X was meant to be the dependable consumer—the reliable generation firmly on the property ladder, preparing to inherit trillions from their boomer and silent generation parents. And indeed, they…
Chart of the Week: The jobs report’s instant expectations shift
This is The Takeaway from today's Morning Brief, which you can sign up to receive in your inbox every morning along with: The chart of the day What we're watching…
US dividend ETFs bask in investor attention after jumbo Fed rate cut
By Suzanne McGee (Reuters) – U.S. exchange-traded funds (ETFs) that invest in dividend-paying stocks have enjoyed a rush of inflows since the Federal Reserve kicked off its rate cutting cycle…
Stellantis sues UAW in US federal court over strike threats
DETROIT (Reuters) – Automaker Stellantis has filed a lawsuit against the United Auto Workers in federal court in California, claiming the union's actions around possible strikes illegal. The carmaker will…
Biden Discourages Israel From Attacking Iran’s Oil Fields
(Bloomberg) — President Joe Biden sought to discourage Israel from attacking Iran’s oil fields, even as he said the country has the right to respond after Tehran’s ballistic-missile barrage earlier…
