Financial World Updates
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OpenAI is being sued by the family of Tiru Chabba, one of two people killed in the April 2025 Florida State University mass shooting, alleging that ChatGPT actively guided the attacker.

The complaint says shooter Phoenix Ikner shared images of his firearms with ChatGPT, which then explained how to use them, told him the Glock had no safety, and noted that mass shootings draw more national attention "if children are involved."

ChatGPT also allegedly told Ikner that the FSU student union peaks between 11:30 a.m. and 1:30 p.m. โ€” and he opened fire at 11:57 a.m.

OpenAI says ChatGPT "is not responsible" and only provided publicly available information.

Florida AG James Uthmeier has launched a criminal investigation, saying, "If ChatGPT were a person, it would be facing charges for murder."


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๐Ÿ‡บ๐Ÿ‡ธ Coinbase CEO Brian Armstrong to address Republican senators on Wednesday.


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Brent crude futures rise approximately 3% to $104 per barrel.

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๐Ÿ‡บ๐Ÿ‡ธ President Trump still plans to audit Fort Knox to confirm its $700 billion gold reserve has not been stolen.


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S&P 500 closes at new all-time high of 7,412


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๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ‡จ๐Ÿ‡ณ President Trump and Xi Jinping are reportedly considering deal to allow China to invest $1 trillion to build factories in the United States.


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๐Ÿ‡บ๐Ÿ‡ธ US home sellers now outnumber buyers by 630,000 โ€” largest gap ever.


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๐Ÿ‡ฎ๐Ÿ‡ฉ Indonesia's rupiah falls to record low of 17,500 per US Dollar.


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๐Ÿ›ข Brent crude futures rise more than 2% to $106.38 per barrel, according to Reuters.


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๐Ÿ‡ฎ๐Ÿ‡ณ Foreign investorsโ€™ exit from India at record high-FT.


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First UK junior minister resigns calling for Starmer to quit.


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Saudi Aramco, the world's largest oil company, warns that fuel supplies are approaching a "critically low level".

According to Bloomberg, there are two weeks left before demand rationing for petroleum products begins.

The world is heading toward the most severe energy crisis in modern history, with a potential oil shortage caused by the war in Iran possibly triggering rationing within weeks.

Eric Nuttall, partner and senior portfolio manager at Ninepoint Partners, says this is not a matter of months or quarters. He expects demand rationing to be more severe in the next couple of weeks than during COVID.


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โšก๏ธ eBay rejects GameStopโ€™s $56B takeover offer as โ€œneither credible nor attractiveโ€.


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The U.S. CPI rose 3.8% year-over-year, above the estimate of 3.7%.

The U.S. core CPI increased 2.8% year-over-year, exceeding the estimate of 2.7%.


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Trump will meet Xi in Beijing on Thursday at 10:15am, attend a state banquet at 6pm, and hold a bilateral lunch on Friday, the White House says.


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๐Ÿšจ Google is in talks with SpaceX for a rocket-launch deal tied to efforts to deploy orbital data centers in space, according to WSJ.


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๐Ÿšจ Michael Burry says market is "minutes" away from big crash.


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๐Ÿ‡บ๐Ÿ‡ธ President Trump called on Congress to permanently ban large Wall Street investment firms from buying single-family homes.


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Good Morning!

Ready for a new day with us?


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๐Ÿ‡บ๐Ÿ‡ธ The US Consumer Price Index (CPI) accelerates to 3.8% year on year, highest since May 2023.

The index climbed 0.6% month on month, driven by a 3.8% increase in energy price. The US energy market is still being cushioned by drawdown from the SPR and refined product inventories. Energy price is expected to increase further if the Hormuz crisis is not resolved in the coming weeks.

The inflationary pressure is broad based, with core inflation also spiking to 2.8% year on year.

The mounting inflation may derail President Trump's plan to cut the interest rates and boost the slowing US economy. The US 10-year yield climbed 50 basis points since the beginning of the War in Iran.


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