Sam Altman’s Next High-Wire Act: Getting OpenAI to Make More Money
OpenAI is trimming its portfolio, abandoning non‑essential projects such as the Sora video generator, and concentrating on revenue‑generating products like enterprise coding assistants. The move comes as rivals Anthropic, Google and Elon Musk’s SpaceX intensify pressure on the AI leader. Insiders say the shift is designed to tighten financial discipline ahead of a potential blockbuster IPO as early as 2026. Sam Altman’s leadership is now judged on balancing frontier research with profit‑center growth.
Investors Fret Over Tesla’s $25 Billion A.I. Bet
Tesla posted better‑than‑expected earnings and positive free cash flow, but CFO Vaibhav Taneja warned that the company will spend about $25 billion on capital expenditures this year. The outlay targets artificial intelligence, humanoid robots and related technologies, and is expected to...
The Peace Rally Gets Derailed
Tensions around the Strait of Hormuz have intensified, with the vital waterway largely shut after the U.S. seized an Iranian cargo ship. Oil prices are climbing and global stock markets are wobbling as U.S.–Iran negotiations stall, despite President Trump’s team...
Corporate Profits Are at Record Highs. These 4 Factors Could Sink Them.
Corporate pretax profits reached a record high in Q4 2025, representing the largest share of U.S. GDP since the series began in 1947. The surge occurred despite stagnant economic growth and tepid job creation, prompting analysts like Morgan Stanley’s CIO Mike...
What LIV Golf’s Demise Means for Saudi Influence
Saudi Arabia's sovereign wealth fund is poised to end its financing of LIV Golf, the Saudi‑backed circuit that tried to rival the PGA Tour. Over four years the league consumed billions in subsidies without generating commensurate revenue, prompting Riyadh to...
Investors Still Have Questions About the Cease-Fire
Investors cheered a two‑week cease‑fire between the United States and Iran, prompting a sharp rally in global stock markets and a pull‑back in oil prices. Iran’s foreign minister announced safe passage for vessels through the Strait of Hormuz, temporarily easing...
Mortgage Rates Climb for 5th Week as Iran War Weighs on U.S. Housing Market
The average 30‑year fixed mortgage rate rose to 6.46% on Thursday, according to Freddie Mac, marking a five‑week streak of increases and the highest level since early September. The climb follows a dip below 6% earlier in the year, which was...