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U.S. AI Sector Update: Altman Reaffirms OpenAI IPO Postponed to 2027
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Oracle CEO Larry Ellison has reversed his decision to sell up to $7.5 billion worth of Oracle shares at the current market price.
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Leaders from Scotland, Wales, and Northern Ireland will convene on September 14 to discuss the possibility of separating from the United Kingdom, according to The Telegraph.
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OpenAI to Launch First Humanoid Robot by 2027, Says Sam Altman
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Lithuania's Vilnius Airport was temporarily closed, NATO fighters were scrambled, and an air alert was issued following reports of suspected drones. The incident was later determined to be caused by a flock of birds, according to RTRS.
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Hungary's Prime Minister Viktor Orban declared his return to political contention, criticizing the new government led by Peter Magyar for allegedly seeking to transform Hungary into a colony of Brussels.
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French President Emmanuel Macron's approval rating has fallen to a record low of 16%, according to La Tribune.
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German auto components maker Prinz & Co. Stahlrohre files for bankruptcy after 130 years, according to Bild.
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Former President Donald Trump suggested the U.S. might withdraw from Iran unless a decision is made to stay and possibly seize control of its oil assets, echoing previous policies in Venezuela.
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House Speaker Johnson warns that slowing AI development could cause the U.S. to fall behind China, in response to Anthropic's appeal to slow the pace of AI advancements.
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Franceโ€™s 10-year bond yields reach 24-year high amid rising debt costs. The nationโ€™s projected debt servicing for 2026 stands at 65 billion euros, exceeding expenditures on defense and education, Finance Minister Roland Lescure said.
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Former U.S. President Trump rejects calls to delay AI development, citing Chinese competition, according to reports.
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Kirill Dmitriev, head of the Russian Direct Investment Fund, dismissed the prospect of slowing AI development. More details can be found in the report.
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At a BRICS+ gathering, Xi Jinping called on countries in the Global South to reform and strengthen the international financial architecture.
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Foreign investors now hold a record 60% of U.S. equities, according to data from LSEG and the Federal Reserve.
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The average price of diesel in the United States continues to hit new record highs ahead of the midterm congressional elections. Former President Trump called on Ukrainian President Zelensky to halt "cutting off diesel" in Russia, deeming it detrimental.
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Goldman Sachs and Citigroup project a likelihood of a Federal Reserve interest rate increase at the policy meeting scheduled for September 16. Market participants now assign an over 86% probability to a rate hike in the upcoming week, according to CME FedWatch data. Meanwhile, former President Donald Trump reiterated his stance that the United States should maintain the lowest interest rates globally ahead of the FOMC meeting.
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BTC poised as the coming week could prove pivotal for the crypto market. On September 15, the Senate is scheduled to vote on the CLARITY Act bill. Meanwhile, September 16 marks the Federal Open Market Committee meeting.
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Regional talks scheduled for September 14 in Oman, involving Iran, Iraq, and neighboring nations to discuss safe commercial shipping routes in the Strait of Hormuz, have been postponed to facilitate reaching a consensus.
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In a meeting with Republican leaders in Dublin, former President Donald Trump discussed Irish unification and announced plans to lift U.S. tariffs on Irish whiskey. Previously, Trump supported Argentina's claim to the Falkland Islands, which the U.K. considers its territory. Analysts interpret these developments as a notable shift in U.S. stance toward Britain. The Telegraph reports that Scottish, Welsh, and Northern Irish leaders will convene on September 14 to deliberate potential withdrawal from the UK.
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Saudi Arabia's oil reserves for sale are rapidly declining amid threats from Yemen's Houthis in the Red Sea, closure of the Strait of Hormuz, damage to refineries and the East-West pipeline, and persistent attacks on Saudi Aramco's infrastructure, analysts say.
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