OpenAI revenue chief Denise Dresser and operating chief Brad Lightcap have both departed within days of each other, amplifying investor concerns about C-suite stability as the company pursues an IPO at an $852 billion valuation.
President Trump signed an order imposing tariffs of up to 100% on foreign-made drones and components, citing national security. Shares of Unusual Machines, Red Cat, Aerovironment, and Kratos all climbed on the news.
The price gap between U.S. COMEX copper futures and London Metal Exchange prices has become a real-time market gauge of Section 232 tariff risk, with Societe Generale estimating a 37% probability of a 30% duty on refined copper by January 2028.
Tata Sons Chairman N. Chandrasekaran has declined reappointment after a six-month delay, triggering a leadership search at the conglomerate and raising questions about the future of its $11 billion semiconductor plant, iPhone assembly operations, and Air India turnaround.
Reddit will join the S&P 500 on August 18, replacing AvalonBay Communities and becoming only the second pure-play social media company in the benchmark index after Meta. Shares climbed 11% in extended trading on the news.
The Kennedy Center's board of trustees voted Thursday to re-inscribe President Trump's name on the building's facade and rename its exterior plaza, despite a federal court order in May requiring his name be removed.
Apple CEO Tim Cook and Secretary of Commerce Howard Lutnick opened a new Houston manufacturing facility Thursday that will produce Mac Mini computers and AI servers, underscoring the company's ongoing push to expand its U.S. production presence.
OpenAI revenue chief Denise Dresser and operating chief Brad Lightcap have both departed within days of each other, amplifying investor concerns about C-suite stability as the company pursues an IPO at an $852 billion valuation.
The price gap between U.S. COMEX copper futures and London Metal Exchange prices has become a real-time market gauge of Section 232 tariff risk, with Societe Generale estimating a 37% probability of a 30% duty on refined copper by January 2028.
Tata Sons Chairman N. Chandrasekaran has declined reappointment after a six-month delay, triggering a leadership search at the conglomerate and raising questions about the future of its $11 billion semiconductor plant, iPhone assembly operations, and Air India turnaround.
Apple CEO Tim Cook and Secretary of Commerce Howard Lutnick opened a new Houston manufacturing facility Thursday that will produce Mac Mini computers and AI servers, underscoring the company's ongoing push to expand its U.S. production presence.
Meta and Nvidia each released open-weight AI models this week, joining a broader U.S. industry push to compete with Chinese laboratories as the debate over open-source AI regulation intensifies in Washington.
Brad Lightcap, OpenAI's former chief operating officer and an eight-year veteran of the company, announced Tuesday he is departing to start a new venture, adding to a string of senior leadership exits at the AI lab.
Written for readers who already know the basics — markets, AI, and the policy decisions that shape both.