One is the public face of the artificial intelligence boom. The other is the world’s richest man, a leading force behind the electric vehicle revolution and a self-styled futurist. Now, Sam Altman and Elon Musk are locked in a high-stakes legal battle over the future of OpenAI—the company that helped bring AI into the hands
Shares of Paramount Skydance Corp surged on Friday, rising over 8% to $11.25 after a bullish analyst upgrade from Morgan Stanley, snapping a six-session losing streak. The move comes despite the stock remaining down roughly 18% year to date, highlighting a sharp shift in investor sentiment. The rally also outpaced broader market gains, with Paramount
Crude oil reversed early gains on Friday as an Iranian proposal to end the war in the Middle East weighed on sentiment. However, oil prices were set for a weekly gain with Brent prices touching $126 per barrel earlier this week, a four-year high. Gold prices rebounded with the yellow metal climbing past $4,600 per
Spirit Airlines is preparing to cease operations after failing to secure a last-minute financial lifeline, marking a dramatic fall for a carrier that once reshaped budget air travel in the United States. The airline had been seeking a $500 million rescue package from the administration of Donald Trump, but talks broke down amid disagreements with
Shares of Twilio Inc. surged on Friday after the company delivered stronger-than-expected first-quarter results, standing out in a software sector that has struggled for positive momentum in 2026. The stock rose about 21% to $180.79, hitting a four-year high in the session. The rally extends Twilio’s gains to roughly 30% year-to-date and more than 84%
President Donald Trump expressed dissatisfaction with ongoing Iran negotiations, while also announcing plans to raise tariffs on EU auto imports to 25%. Oil prices eased amid renewed diplomatic signals, even as the conflict continues to disrupt supply routes. Meanwhile, Bitcoin extended gains toward the $80,000 level as risk appetite improved. Trump displeased with Iran talks
US equities ended Friday on a mixed note, with the S&P 500 and Nasdaq Composite extending their record-setting run, while the Dow Jones Industrial Average lagged as investors weighed strong earnings against geopolitical uncertainty and easing oil prices. The S&P 500 rose 0.3% to a fresh intraday and closing high, while the Nasdaq Composite gained
Global markets are entering May 2026 under a cloud of uncertainty, with multiple macro and geopolitical triggers converging at once. From surging oil prices and the ongoing Middle East conflict to key economic data and central bank decisions, traders are facing a complex environment. A mix of risk and resilience is shaping sentiment. While equities
Federal Reserve Chair Jerome H. Powell has capped his eight-year tenure with one of the most contentious policy moments in decades, underscoring deep divisions within the central bank. Besides, his decision to remain on the Federal Reserve Board after his chairmanship ends in May adds a new layer of complexity to an already delicate transition,
The Federal Reserve kept borrowing costs unchanged on Wednesday, holding the federal funds rate in the 3.50% to 3.75% range for a third straight meeting. But this was no routine pause. The vote was the most divided since 1992, with four officials dissenting, and that split sent a clear message to investors: the Fed is