Jobs now matter more than inflation – even as tariff pressures build

🤖 OpenAI, Nvidia CEOs to Announce UK Data Center Investments

The leaders of OpenAI and Nvidia Corp. plan to pledge support for billions of dollars in UK data center investments when they head to the country next week at the same time as President Donald Trump, according to people with knowledge of the matter.

The two companies are teaming up with London-based data center business Nscale Global Holdings Ltd. on the project, said the people, who asked not to be identified because the deliberations are private.

OpenAI’s Sam Altman and Nvidia’s Jensen Huang are part of a delegation of US executives expected to visit the country. OpenAI is poised to spend billions of dollars as part of the plan, the people said. American companies across a range of industries are expected to announce tens of billions of dollars in UK investments during Trump’s visit next week, the people said. Yahoo Finance reports.


🏛️ Why Morgan Stanley now sees four straight Fed interest-rate cuts – but not a jumbo hike to start

Morgan Stanley is expecting four straight rate cuts from the U.S. Federal Reserve.

Morgan Stanley's economists have quickly swung their stance on U.S. interest-rate cuts, and in a new note to clients on Friday are forecasting four consecutive quarter-point rate reductions.

Economists led by Michael Gapen said the underlying details of the consumer price index released Thursday were actually benign - estimating that core personal consumption expenditure price index will rise just 0.18% on a monthly basis, despite the 0.35% gain in CPI.

That's as tariff pass-throughs have been less steep than feared. "Softer-than-expected inflation may give the Fed greater confidence that inflation expectations remain anchored despite tariff-driven pressures," they said. MorningStar reports.


🎨 Adobe’s earnings beat shows investors that AI is finally paying off, and the stock rises

Adobe Inc.’s third-quarter earnings beat provided a welcome surprise to investors, sending the stock rising 2.6% in after-hours trading Thursday.

Adobe has found itself at the heart of the AI-versus-software debate. Although the company remains the primary creative suite among users, it’s facing competition from AI-powered tools such as ChatGPT and Canva. MarketWatch reports.


🏠 Opendoor’s stock soars again, with leadership changes hailed as ‘incredible outcome’ for shareholders

The company's shares closed at their highest in more than three years, as investors cheered a new CEO and the return of two co-founders to the board.

Opendoor Technologies announced the appointment of Shopify COO Kaz Nejatian as its new CEO.

Shares of Opendoor Technologies Inc. hit a three-year high Thursday, as investors cheered the announcement of a new chief executive and the return of two co-founders to the company's board. MorningStar reports.


🎬 A likely bid by Paramount for Warner Bros. Discovery means the big media roll-up is underway

With the ink barely dry on a deal to take over Paramount, David Ellison is reportedly setting his sights on transforming the entire media landscape.

The newly minted company Paramount Skydance Corp. is preparing a bid to acquire the entirety of Warner Bros. Discovery Inc. , including both its cable properties and film business, the Wall Street Journal reported.

If a deal were to go through, it would mark a radical shift of power in television in Hollywood and signal that a long-expected media rollup was finally underway.

In June, Warner announced plans to spin off its legacy cable television business, including channels like CNN, MTV and Nickelodeon, from its film studio and streaming service, HBO Max. Earlier this year, Comcast’s Corp.’s NBCUniversal announced a similar plan to spin off its cable channels.

Many analysts have speculated that a buyer could eventually emerge to roll up the declining cable companies as they still deliver plenty of cash. MarketWatch reports.


🤖 Microsoft, OpenAI reach non-binding deal to allow OpenAI to restructure

Microsoft and OpenAI said on Thursday they have signed a non-binding deal for new relationship terms that would allow OpenAI to proceed to restructure itself into a for-profit company, marking a new phase of the most high-profile partnerships to fund the ChatGPT frenzy.

Details on the new commercial arrangements were not disclosed, but the companies said they were working to finalize terms of a definitive agreement. This marks a step forward in OpenAI's prolonged talks with Microsoft as the former seeks to raise capital under a more common governance structure and eventually go public to fund artificial intelligence development.

Microsoft invested $1 billion in OpenAI in 2019 and another $10 billion at the beginning of 2023. Under their previous agreement, Microsoft had exclusive rights to sell OpenAI's software tools through its Azure cloud computing platform and had preferred access to the startup's technology. Reuters reports.

*Estimate and Actual numbers represent Earnings Per Share in US Dollars



HUIZ: Huize Holding
Q2 2025
Before Market Open
Estimate: N/A
Actual: 0.020

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