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…
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…
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…
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…
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…
US President Donald Trump said he will raise tariffs on cars and trucks imported from the European Union to 25%, escalating trade tensions as Washington accuses the bloc of failing to comply with a previously agreed trade deal.“I am pleased to announce that, based on the fact the European Union…
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…
Venezuela’s oil exports surged in April to their highest level in more than seven years, as increased shipments to the United States, India, and Europe underscored a steady recovery in the country’s energy sector following recent geopolitical shifts.According to shipping data and internal documents from state oil company PDVSA, exports…
The Bank of England kept interest rates unchanged on Thursday, while warning that a prolonged energy shock linked to the Iran war could force a sharper tightening of monetary policy.The central bank’s Monetary Policy Committee (MPC) voted 8-1 to hold the benchmark Bank Rate at 3.75%. Chief Economist Huw Pill…
The European Central Bank (ECB) kept its key interest rates unchanged on Thursday, while warning that the war involving Iran is intensifying inflation risks and weighing on economic growth in the euro zone.The central bank, which sets monetary policy for the 21 countries using the euro, left its deposit rate…