Core CPI Prints Cooler Than Expected Despite Biggest Jump In Energy Prices Since 2005

Saudi Pilot Among 3 Killed In Riyadh Airport Attack; Houthis Under Pressure On Red Sea Coast Saudi Arabia has finally reopened King Khalid International Airport in Riyadh on Friday following attacks by the Houthis that killed three people and injured several on Thursday, and caused widespread flight suspensions and delays in the region. Airport facilities and aircraft were hit in the attack, with at least one Saudi Airlines passenger plane having been destroyed. The airline announced that tragically one of its pilots was killed. "It is with profound sadness that Saudia announces...

OpenAI Secures Record $110 Billion Funding Round Backed By Amazon, Nvidia, & SoftBank OpenAI has closed a new funding round that could total $110 billion, valuing the ChatGPT maker at $730 billion pre-money and potentially putting it on course for an IPO in the second half of the year, according to a new Financial Times report. The three investors in the deal are Nvidia, Amazon, and SoftBank. People familiar with the deal say this opens the pathway to the public markets at the end of this year. Breaking down funding numbers by...