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OpenAI’s Trillion-Dollar Bet Redefines the AI Arms Race

A Historic Week for OpenAI OpenAI reshaped the AI arms race this week with a rapid-fire series of announcements that put hard numbers behind CEO Sam Altman’s trillion-dollar vision. Together, the deals cement OpenAI’s position as the anchor tenant of

Stocks Fall as GDP Jumps and Jobless Claims Decline

Markets Lose Momentum U.S. stocks pulled back Thursday as investors digested a mix of strong economic data and uncertainty about the Federal Reserve’s next move. Big Tech names led the decline, with Oracle (ORCL) extending losses and Tesla (TSLA) sliding

Tesla Sales Plunge 22% in Europe as Competition Heats Up

Tesla’s European Decline Deepens Tesla’s troubles in Europe worsened in August as sales fell 22.5% year over year, according to data from the European Automobile Manufacturers’ Association (ACEA). The company registered just 14,831 vehicles across the region, even as total

Eli Lilly to Build $6.5B Houston Plant for Obesity Pill Production

Eli Lilly Expands U.S. Manufacturing Footprint Eli Lilly (LLY) announced plans to build a $6.5 billion manufacturing facility in Houston, Texas, as the company accelerates its push into obesity and cardiometabolic treatments. The site will focus on producing small molecule

Morgan Stanley to Launch Crypto Trading on E-Trade by 2026

Morgan Stanley Pushes Into Crypto Morgan Stanley (MS) is preparing to offer crypto trading through its E-Trade platform by the first half of 2026, according to an internal memo. The move positions the Wall Street giant as one of the

Nvidia Commits $100B to OpenAI Data Center Buildout

Nvidia Doubles Down on AI Nvidia (NVDA) announced plans to invest $100 billion into OpenAI as part of a 10-gigawatt data center buildout, underscoring its central role in powering next-generation artificial intelligence. CEO Jensen Huang, appearing with OpenAI’s Sam Altman

Gold’s Biggest Rally Since 1979 Sends Prices Above $3,700

Gold’s Historic Rally Gold prices blasted to new highs Monday, extending a rally that has the precious metal on pace for its best year since 1979. Futures climbed to around $3,750 per ounce, with spot bullion crossing $3,700. The surge

Tesla Surges Toward 2025 High as AI and Robotaxi Hopes Build

Tesla’s Rally Accelerates Tesla shares (TSLA) continued their run higher Tuesday, jumping nearly 4% to above $440, poised to close at a new 2025 high. The stock has climbed in nine of the last ten sessions, rebounding sharply after a

Musk’s xAI Raises $10B at $200B Valuation, Chasing AI Giants

xAI Rockets to $200B Elon Musk’s artificial intelligence startup xAI has raised $10 billion in fresh funding, giving the company a post-money valuation of $200 billion, according to reporting from CNBC’s David Faber. The raise marks a sharp leap from

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