© Reuters. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 26, 2023. REUTERS/Brendan McDermid/File Photo
A look at the day ahead in U.S. and global markets from Mike Dolan.
Thanksgiving may make for a clipped U.S. markets week, but there’s plenty to chew on around the world before then – and a feast of intrigue in the artificial intelligence space.
Boardroom shenanigans at ChatGPT-developer OpenAI, where former boss Sam Altman was ousted on Friday and then hired by the firm’s biggest backer Microsoft (NASDAQ:), raises interesting questions about the pace of AI development.
A key catalyst for some of the outsize Big Tech share gains this year, the craze around generative AI will also top the agenda as chip giant Nvidia (NASDAQ:) reports earnings on Tuesday that will hold a light to a more than trebling of stock this year.
The macro week is partly shaped by the OPEC+ meeting on Nov. 26 amid reports the cartel may consider more oil output cuts to shore up recently plunging crude prices.
The failure of OPEC+ to buoy oil prices this year shows how much falling global demand is starting to shape prices and how…
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