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Stock market, bitcoin, oil prices and economic news — daily finance summary
Oil futures surged as earnings from major tech and energy firms lifted market sentiment, while OpenAI stumbled, missing its revenue and user targets and scrambling to shift 10 Prism engineers to Codex
Wall Street slipped as OpenAI’s revenue miss rattled tech sentiment, while the UAE’s May 1 exit from OPEC added oil‑market uncertainty. In Asia, the Hang Seng rallied 1.2% even as China’s CSI 300 fell
Nvidia’s shares slipped as chip stocks feel pressure, while OpenAI fell short of its revenue and user growth goals, prompting a reallocation of 10 Prism engineers to the Codex team. Meanwhile, Oracle
Oracle shares fell after OpenAI missed its revenue targets, intensifying scrutiny of the AI partnership and causing a pullback in Oracle’s stock, even as the cloud provider continues to build data cen
Robinhood’s Q1 earnings missed expectations as crypto trading revenue collapsed 47% to $134 million, while a boom in prediction‑market contracts lifted total revenue 15% to $1.07 billion. The drop ref
Nasdaq and the S&P 500 slipped as renewed worries about AI growth and upcoming big‑tech earnings dampened sentiment, Reuters reported. While OpenAI missed its sales and user targets, Yahoo Finance not
Paul Tudor Jones argues Bitcoin is the premier inflation hedge, a view amplified as Bitcoin slides to about $76,000 after Iran‑related tension while the S&P 500 remains above 7,100, echoing dot‑com‑er
Bill Ackman's Pershing Square Inc. launched a second public offering at the low end of its price target, raising $5 billion for a permanent capital plan. The dual IPO, aimed at individual investors, r
Starbucks beat Q2 earnings and revenue expectations, prompting the company to lift its full‑year guidance and send its Nasdaq‑listed shares sharply higher. The rebound in U.S. comparable sales, highli
Corning posted an 18% revenue jump and a 30% EPS rise, beating forecasts, while sealing two new long‑term AI supply deals that mirror its $6 billion Meta contract. The stock, up 92% YTD, slumped over
JPMorgan CEO Jamie Dimon warned that soaring global sovereign debt could trigger a bond market crisis, urging policymakers to act before markets intervene. His caution follows recent headlines highlig
OpenAI’s latest earnings miss rattled the tech market, knocking chip‑heavy stocks and halting the Nasdaq’s longest winning streak since 1992. The S&P 500 slipped from its record high but stayed just a
DeFi United has released a step-by-step recovery plan to restore the backing of rsETH and unwind bad loans on Aave after an April 18 bridge exploit on Kelp DAO created roughly 116,500 unbacked tokens
Early Bitcoin pioneer Michael Terpin warns the market hasn’t bottomed, eyeing a $57,000 dip in October and ruling out a new all‑time high before 2026. Meanwhile, bullish analysts point to February’s $
AML enforcement eclipsed securities violations as crypto's top regulatory risk in 2025, with European AML fines surging 767% and sanctions-related volume tied to Russia-linked networks growing over 40
Spotify posted an 8% revenue rise and a 12% jump in monthly active users, beating estimates, but its muted subscriber and operating‑income guidance fell short of Wall Street expectations, sending the
Oil prices surged after Iran shut the Strait of Hormuz, pushing futures higher. At the same time OpenAI moved 10 Prism engineers to Codex, a shift that dragged both Nasdaq and S&P 500 futures down, le
After Iran’s Hormuz blockade drove Bitcoin down to $76k, the cryptocurrency now eyes the $82k CME gap. Big‑tech earnings and the Fed’s policy decision will drive its next move toward $90k.
Forbes and other outlets have labeled Eric Trump’s ABTC crypto venture a disaster, saying it left investors with heavy losses. Trump responded by slamming the reporting as a disgrace and even calling
Seeking Alpha outlines six key trends investors should monitor as the market shows a déjà vu of past cycles, while Business Insider flags five signs that prices are drifting from fundamentals. Togethe
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