Author: Arabian Media staff
On Friday, option traders will face something unprecedented: A monthly options-expiration event coming one day after a holiday when major U.S. stock exchanges will have been closed for business. Source link
Microsoft is prepared to walk away from high-stakes negotiations with OpenAI over the future of its multibillion-dollar alliance, as the ChatGPT maker seeks to convert into a for-profit company.The software giant has considered halting complex discussions with the $300bn AI start-up if the two sides remain unable to agree on critical issues, such as the size of Microsoft’s future stake in OpenAI, according to people with knowledge of its plans.In this eventuality, Microsoft would rely on its existing commercial contract to retain access to OpenAI’s technology until 2030, unless there was an offer that was equal to or better than its current…
Higher levels of immigration are net positive for Social Security and Medicare, but officials refuse to talk about the subject — even though it appears more than 100 times in the trustees’ reports. Source link
At Home is closing 26 stores as part of its bankruptcy, which should provide some boost to Wayfair’s revenue and market share. Source link
Shares of Caris Life Sciences soared in their public debut Wednesday, as investors bought into the company’s business of molecular profiling and drug research using artificial intelligence. Source link
Will there be a comeback for the “reciprocal” tariffs that President Trump unveiled at his “liberation day” event on April 2? Probably not, according to Goldman Sachs Chief Economist Jan Hatzius. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Nestlé’s board has proposed former Inditex chief Pablo Isla as its new chair, as the world’s biggest food company announced Paul Bulcke would stand down from the role next year.The group behind Kit Kat and Nescafé said in a statement on Wednesday that Bulcke would not stand for re-election at Nestlé’s annual general meeting next year, bringing down the curtain on a career with the company that stretches back to 1979. Bulcke worked for Nestlé in markets from Peru to Portugal, Germany…
Central bankers closely divided over how many cuts Source link
Could making the 2025 Amazon Prime Day event four days long backfire? Here’s what retail analysts think. Source link
These cuts will most affect people who are least able to afford them. Source link