Key Events This Holiday-Shortened Week: Payrolls, PMI, ISM, Retail Sales And Fed Speech

OpenAI Lures Private-Equity Firms With 17.5% Guaranteed Returns As AI Rivals Race For Enterprise Deals OpenAI, the maker of ChatGPT, is offering private-equity firms a more generous financial package than rival Anthropic as the two artificial-intelligence companies court buyout shops to create joint ventures aimed at raising fresh capital and accelerating the rollout of enterprise AI products. To lure PE firms, OpenAI is promising investors a guaranteed minimum return of 17.5%, a figure significantly above what is typical for preferred equity instruments, according to people familiar with the discussions who spoke...

Why Memory Stocks Crashed Today: TurboQuant Just Changed The Game With "Google's DeepSeek Moment" With stocks closing solidly in the green despite some painful wobbles during the day, one sector was a notable laggard: the same sector that had dramatically outperformed the S&P since memory prices soared last October: memory stocks, most notably MU and SNDK. In his EOD wrap, Goldman tech specialist Peter Callahan wrote that while there wasn't that much actual "angst" out there, his clients complained of plenty of "sanity checking" on the moves today in memory (MU...

Hezbollah historically has fit in an unusual position in Lebanese politics, being a substantial Shi’ite political party as well as a substantial Shi’ite militia that was centered on resisting Israeli military intervention on Lebanese territory. Those statuses are coming into focus again as Israel ramps up its latest war against Lebanon. Lebanese Prime Minister Nawaf […]