Paramount and Warner Bros logos are seen in this illustration. Dado Ruvic | Reuters Prediction markets traders still see Paramount Skydance as likely to succeed in its bid to acquire Warner Bros. Discovery, but a battle in court with 12 state attorneys general is increasing the chances that the merger falls through. Traders on prediction…
Crude oil prices edged higher Monday as Iran ruled out talks to extend the memorandum of understanding with the U.S. A senior Iranian official told Reuters that Tehran would shift to offense rather than relying on defense if diplomacy with the U.S. fails. U.S. crude oil futures rose 10 cents to $82.50 per barrel. Brent…
Avishek Das | Lightrocket | Getty Images Synchrony Financial, the credit card issuer for brands including Amazon, Walmart and Lowe’s, is working with OpenAI to allow shoppers to buy products directly inside ChatGPT using their store cards. The deal is one of the first major moves by a U.S. consumer lender to bring financing, payments…
Jensen Huang, chief executive officer of Nvidia Corp., speaks to members of the media following the company’s “Japan AI Ecosystem” reception in Tokyo, Japan, on Thursday, July 16, 2026. Kiyoshi Ota | Bloomberg | Getty Images Nvidia on Monday said it will provide the credit and compute for a new artificial intelligence data center for…
OpenAI President Greg Brockman on Monday brushed off concerns about executive turnover at the artificial intelligence company, stating that he doesn’t think the wave of exits are “actually that atypical.” “I actually think that the difference between OpenAI and other organizations is that we are so much in the spotlight, so every departure gets scrutinized…
Wall Street’s so-called “fear gauge” has fallen to its lowest level of 2026 so far, reflecting relative market tranquility in a year marked by geopolitical turbulence — but the calm appears unlikely to last. Strategists warn that rock-bottom volatility, fresh stock market all-time highs and unresolved geopolitical risks are converging just as markets enter the…
A man walks past the Alibaba logo displayed at its booth during the China International Supply Chain Expo in Beijing, China July 16, 2025. Florence Lo | Reuters Meta wants to lead in open-source AI. China’s Alibaba just reminded the U.S. tech giant how competitive the market is. On Monday, the Chinese tech giant launched…
Zoom In IconArrows pointing outwards Get Mike Santoli’s Market Memo in your inbox first. SUBSCRIBE HERE Three weeks into a perky rebound that pushed stocks to fresh records, it’s time for the market to prove that blessed relief can give way to genuine belief. The comeback since late July, with the S&P 500 up more…
Ferrari’s first fully electric car, called Luce, in a handout image obtained by Reuters May 25, 2026, after the luxury sports car maker unveiled the model. Ferrari | Via Reuters A personalized model of Ferrari’s first fully electric vehicle has sold for $40 million in a charity sale, defying market skepticism and setting a record…
Ships are anchored in the Strait of Hormuz on August 10, 2026 off the coast of Bandar Abbas, Iran. Ali Saeedi | Getty Images Shipping traffic through the Strait of Hormuz slowed to a halt over the weekend ahead of the expiry date of the 60-day ceasefire between the U.S. and Iran on Monday, with…
