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Nasdaq Drops After OpenAI Misses Revenue Targets
After OpenAI fell short of its revenue and user goals, the Nasdaq—riding its longest winning streak since 1992—tumbled, reflecting growing AI investor jitters. OpenAI is consolidating talent, moving 1
GM raises 2026 guidance amid $500 million tariff refund, topping Wall Street's earnings expectations
General Motors smashed Q1 expectations, reporting $3.70 adjusted EPS and a $500 million boost from the Supreme Court’s reversal of Trump’s tariffs, prompting the automaker to lift its 2026 guidance. T
OpenAI Fell Short of Its Own Targets as Compute Costs Piled Up: Report
OpenAI missed its goal of 1 billion weekly active ChatGPT users and warned that $600 billion in future data‑center contracts could outpace revenue, prompting board scrutiny. At the same time, Anthropi
CPPIB, Temasek Join 20 Sellers in NSE IPO
India’s National Stock Exchange is preparing a $2.75bn IPO, with a consortium of 20 investors—including CPPIB, Temasek, LIC, SBI and ChrysCapital—selling a combined 5% stake. The offering follows a se
Nasdaq Falls 0.9% as OpenAI Miss Rattles AI Bets
The Nasdaq fell 0.9% on April 28 after a Wall Street Journal report said OpenAI missed revenue and user targets, reviving AI-spending fears a day before Alphabet, Meta, Amazon, and Microsoft report ea
PE Risks Outweigh Private Credit, Verdad Chart Shows
Boston asset manager Verdad argues that Wall Street's anxiety over private credit is misdirected, as private equity investors face structurally larger losses when underlying companies deteriorate beca
European Stocks Slip as Trump Mulls Iran Hormuz Deal
European markets slipped as investors weighed President Trump’s tentative acceptance of Iran’s peace proposal to reopen the Strait of Hormuz, a move that can reverse a months‑long blockade. At the sam
CNBC Daily Open: Hawkish hold from BOJ sets central bank stage - CNBC
The Bank of Japan left its policy rate unchanged but lifted its inflation outlook, citing spillover from the Iran war. The decision sparked a yen rally against the dollar, putting Japan’s central bank
Bitcoin Drops to $76,923 as Hormuz Crisis Lifts Oil
Bitcoin dropped to $76,923 on Tuesday as a stalled Iranian proposal to reopen the Strait of Hormuz pushed Brent crude above $109 for a seventh straight day, with traders positioning ahead of Wednesday
Bitcoin slides 3% as oil >$100 and AI demand stalls
Bitcoin slipped ~3% to $77,000 as oil prices stayed above $100, keeping inflation expectations high and delaying hopes for Fed rate cuts. Meanwhile, OpenAI’s missed revenue targets indicate a slowdown
Trump Meets Security Team as Asia Markets React to Iran
Asia‑Pacific stocks wavered Tuesday as investors digested new US‑Iran talks, with Japan’s Nikkei slipping after a record high while South Korea’s Kospi surged to fresh peaks. Trump’s national‑security
BOJ Holds Rates at 0.75% as Inflation Forecast Hits
The Bank of Japan left its policy rate at 0.75% while boosting its core‑inflation outlook to 2.8% as the Iran‑driven oil shock rattles markets. Across the globe, the same conflict tightens energy supp
OpenAI Misses Revenue and User Targets, Shares Slide
OpenAI fell short of its revenue and user growth goals, a setback that sent partner stocks like SoftBank and Oracle tumbling. The miss, echoed across WSJ, Seeking Alpha and Yahoo Finance, underscores
Foreign Carmakers Threaten to Pull Cheap US Models
Foreign automakers are threatening to pull their cheapest models from the U.S. market if the US‑Mexico‑Canada Agreement is weakened, according to the Wall Street Journal, Reuters, and AAStock. All thr
Cramer warns chip rally, trims winners
Jim Cramer warns that the parabolic surge in semiconductor and AI stocks—highlighted by the SOX’s 18‑day, 47% rally and a 37% April gain—indicates a warning sign for the broader market. While he isn’t
Bitcoin rally shows signs of fatigue as key indicators turn bearish
Bitcoin's recent surge to near $79k is losing steam as U.S. institutional demand wanes, offshore whales stay heavily long, and on‑chain metrics show recent buyers are still in the red. Thin trading vo
Fed likely to hold rates steady as Powell prepares for possible swan song - Reuters
Across Reuters, CNBC, USA Today, and Bloomberg, the consensus is that the Federal Reserve will keep its policy rate unchanged at the upcoming June meeting, while Chair Jerome Powell appears poised for
US Stocks Wobble as Iran Peace Talks Falter
US equity indices slipped as oil surged on renewed uncertainty over Iran’s peace talks, with the S&P 500 hovering just above 7,100 points and the Nasdaq extending its longest winning streak since 1992
Wren Kitchens Files Chapter 7, Closes All 15 US Stores
Wren Kitchens, a U.K.-based kitchen retailer that operated showrooms inside Home Depot stores, filed for Chapter 7 bankruptcy and abruptly shut all 15 U.S. locations without notice to employees or cus
Intel Surges 24%, Lifts AMD and ARM on CPU AI Demand
Intel's blockbuster Q1 2026 earnings signaled that AI infrastructure demand is expanding from GPUs into CPUs, sending the entire semiconductor sector—and rivals AMD and ARM—soaring on bets the CPU cyc
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