Howmet’s SpaceX threat looks more like a buying opportunity: Bernstein

Apple sent letters to about 40 former employees who now work at OpenAI, demanding that they preserve documents and communications and meet with Apple lawyers, the Financial Times reported Friday (July 17), citing unnamed sources. The move is part of Apple’s efforts to secure evidence for the lawsuit it filed last week against OpenAI and…

SYDNEY, AUSTRALIA – MAY 30: The Sydney Harbour Bridge and skyline is illuminated during Vivid Sydney 2024 on May 30, 2024 in Sydney, Australia. Brendon Thorne | Getty Images News | Getty Images Australia’s economic growth beat expectations in the second quarter, expanding 2.1% year on year, data released Wednesday showed. Economists polled by Reuters…

With America’s debt mounting and oil prices on the rise again, the bond market has been gripped by a sell-off this week. Market jitters were first triggered last week, following Scott Bessent’s plan to have the Treasury as much as double its long-dated bond purchases. The move briefly quelled yields, but they rose again as…

OpenAI President and Co-Founder Greg Brockman will oversee the company’s ChatGPT product business following the departure of Fidji Simo that was announced Thursday (July 9), CNBC reported Friday (July 10), citing unnamed sources. Brockman has handled product responsibilities since Simo took a medical leave in April, and he will continue to do so after Simo said Thursday that…

Mortgage rates have a long and storied past with the monthly jobs report. Officially titled “The Employment Situation,” the Bureau of Labor Statistics’ (BLS) jobs report has more power than any other monthly economic report to cause volatility in the rate market over the years. It may have lost some of that capability over the…