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…
BEIJING, CHINA – 2026/07/18: Shoppers stroll along a landscaped path near the POLÈNE luxury goods store in Sanlitun, carrying bags and enjoying the bustling scene. Sheldon Cooper | Sopa Images | Lightrocket | Getty Images China’s economy lost momentum across the board in July, as consumer spending stalled and urban investment contracted at a faster…
A lot of cars are lined up for importing and exporting cars to the port. Kokouu | E+ | Getty Images Japanese automakers are looking vulnerable to fallout from the Iran war and any turnaround in the yen. Toyota, Honda and Nissan benefited in their most recent quarterly reports from a historically weak currency, with…
This photo taken on April 21, 2025 shows a customer walking past a display of instant noodles at a branch of Japanese discount retailer Don Quijote, also known overseas as Don Don Donki, in the Shibuya district of central Tokyo. (Photo by Richard A. Brooks / AFP) (Photo by RICHARD A. BROOKS/AFP via Getty Images)…
So many things have never happened before. That’s what’s so amazing about this market. Everywhere we turn, we see changes made that aren’t believed and yet are totally true. Take, for example, the following unbelievable year-to-date performances: SanDisk up 496%, Seagate up 238%, Club name Micron up 208%, and Western Digital up 171%. All four…
