A Financial Times report that OpenAI’s annualized revenue is running near $50 billion, well below the roughly $70 billion figure some investors had been using in their models, triggered a selloff across AI-linked stocks, with Oracle shares falling more than 5%. The Revenue Gap The reported shortfall between OpenAI’s actual revenue run-rate and the higher…
The International Monetary Fund has formally flagged the financing structures behind the global AI buildout as a risk to financial stability, estimating that a sharp correction in AI-related investment could shave as much as 0.4% off global GDP by 2028. What the IMF Found In its latest assessment, the IMF pointed to the scale and…
Trump and Xi extend the US-China trade truce through January 10, 2027, Treasury Secretary Scott Bessent announced on September 24, 2026, as Chinese President Xi Jinping arrived in Washington for his first visit to the United States in nearly three years. What Happened According to Yahoo Finance’s live markets coverage, Bessent confirmed that the US…
Oracle stock drops 6.44% on September 24, 2026, after reports that the company sent a force majeure notice to a Blue Owl Capital unit tied to Project Jupiter, a roughly 2.45-gigawatt AI data center under construction in New Mexico, according to a Tech Startups roundup and TheStreet’s market coverage for the session. What Happened Oracle…
MGM Resorts stock sinks as Barry Diller’s People Inc. withdrew its $18 billion buyout proposal, sending shares tumbling 9.98% on September 24, 2026, according to TheStreet’s market coverage for the session. What Happened MGM Resorts International shares fell nearly 10% after Barry Diller’s People Inc. pulled its previously proposed $18 billion acquisition offer for the…
Christine Lagarde on Inflation Risks: Inside the ECB’s Path Forward Christine Lagarde on inflation risks has been direct about the balancing act facing policymakers: growth risks are tilted to the downside, while inflation risks are tilted to the upside. Her comments, made after the ECB’s September 2026 rate decision, capture the tightrope the central bank…
US-Canada Tariff Escalation: What the New Duties Mean for Trade and Consumers The US-Canada tariff escalation has ratcheted up trade tensions between the two neighbors. Canada’s retaliatory tariffs on roughly $20 billion worth of U.S. goods took effect in early September 2026, arriving alongside a separate dispute over aircraft manufacturer Bombardier’s access to the U.S….
Eurozone Economy Holds Up Despite ECB Rate Hikes: What’s Next for Growth The eurozone economy holds up despite rate hikes, showing more resilience than economists expected. The European Central Bank has actually upgraded its growth forecasts even as it keeps raising borrowing costs to fight an energy-driven inflation surge. This article looks at what is…
US Stock Market Reaction to the September Rate Hike: Winners and Losers The US stock market reaction to the rate hike has been anything but uniform since the Federal Reserve’s September 16, 2026 decision. While the S&P 500 climbed on the day of the announcement, sector performance since has been sharply divided, with some industries…
Oil Prices Surge Amid the Iran Conflict: How Energy Costs Are Fueling Global Inflation Oil prices surge amid Iran conflict tensions, becoming one of the biggest forces behind inflation in both the United States and Europe this year. Brent crude has traded near six-week highs above $97 a barrel, while U.S. West Texas Intermediate has…
