OpenAI CEO Sam Altman first shared the idea with the Trump administration in 2025, according to a source.
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The weeklong sell-off was exacerbated after a stronger-than-expected May jobs report Friday sent yields higher and pressured risk assets.
Another big jobs report in May has swept aside the possibility of interest rate cuts anytime soon.
Judge blocks series of Trump policies halting immigration processing The Hill
US Senate approves $70bn for Trump immigration agencies BBC
Senate OKs $70B immigration bill after rejecting efforts to permanently ban Trump’s settlement fund AP News
Alphabet expects capex to reach up to $190 billion this year, double last year’s spending, and the company is turning to investors to help fund its expansion.
Nonfarm payrolls were expected to increase by 80,000 in May while the unemployment rate held at 4.3%.
Sunday’s Tony Awards follow a record-breaking season on Broadway. The awards often lead to further ticket sales for winning shows.
Traders bought about 5,300 calls in the State Street Health Care Select Sector SPDR ETF (XLV) on Thursday, compared to just over 1,000 puts, according to data from ThinkOrSwim.