• Stock futures are soaring this morning after President Donald Trump said the
The U.S. would postpone any strikes against Iran’s energy infrastructure for five
days following “good and productive conversations” between the two countries.
Stock futures pared back some of their gains, though, after Iranian state media
denied that the two countries were in direct talks. The president had said on
Saturday that the U.S. would attack Iranian power plants if the Strait of Hormuz
wasn’t reopened in 48 hours.
• Immigration and Customs Enforcement agents will be deployed to U.S. airports
to help ease long security lines starting today, White House border czar Tom
Homan announced yesterday.
• A California jury on Friday found billionaire Elon Musk defrauded Twitter
investors ahead of his acquisition of the social media platform. Attorneys for
the plaintiffs said damages could total as much as $2.6 billion.
• OpenAI spent last year inking a salvo of infrastructure deals to ensure
compute capacity. But as the artificial intelligence startup reads to
potentially go public, it has started taking a more measured approach. In recent
weeks, CEO Sam Altman has acknowledged supply chain problems and the fallout of
severe weather on its data centers. He said at a conference this month that “so
much stuff goes wrong” when working at this scale.
• Market volatility is pushing wealthy investors toward tangible assets. One
particularly popular investment: colored gemstones. Resale markets and the surge
in gold prices have bolstered jewelry’s standing as a haven that can maintain
value over time. Now, collectors are looking beyond diamonds to stones like
rubies, sapphires and emeralds.
