OpenAI eyes $100B+ funding, pushing valuation past $850B. Strategic investors like AMZN, NVDA, MSFT lead the charge.
RBNZ will increase scheduled monetary policy decisions from seven to eight per year starting in 2027, aligning with the shift to monthly CPI data. The Bank retains authority to act between meetings if needed.
Carvana shares drop 15% as costs hit margins despite 43% sales jump. Gross profit per unit fell $255.
Morgan Stanley says mega-cap tech is the most under-owned in 17 years, with Nvidia showing the largest gap versus its S&P 500 weight. Institutions favour AI hardware names, while software and some megacaps remain underweighted.
Oil steadies above $70 as Iran conflict fears rise. US inventories dip, but election risks loom for crude prices.
WU faces earnings with flat revenue forecasts. Peers surged 11-26% on strong growth.
Toyota's new C-HR EV hits market at $38k, offering AWD fun but facing EV competition.
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