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On August 20th, according to CNBC, OpenAI CFO Sarah Flair stated at an all-hands meeting that OpenAI "will become a publicly traded company in 2027," but could go public earlier if the business continues to accelerate its growth. Flair stated that an IPO is not the end goal, but rather a milestone and a way to raise further funds. She noted that the company completed a $122 billion funding round in March of this year, providing greater flexibility for future development.August 20th - According to sources, SpaceX had approached Cognition AI, an artificial intelligence programming startup, to explore a potential acquisition. If the deal goes through, it would be SpaceXs second major acquisition in recent months in an effort to gain a leading edge in the AI race. Sources indicate that acquisition negotiations have been suspended, but the two companies are still discussing collaborations, including the possibility of Cognition using SpaceXs computing power. Cognition was valued at $26 billion in a funding round in May and has already begun preliminary talks with investors regarding a new round of funding, valuing the company at least at $40 billion.According to CNBC, OpenAIs CFO stated that the company will go public in 2027 or earlier.On August 20th, two U.S. officials told Axios that the U.S. military has quietly established a shipping route through the Strait of Hormuz, transporting millions of barrels of oil daily. Despite the broader war remaining deadlocked, this operation has yielded significant results. The operation has been ongoing for several weeks, and currently 15 to 20 oil tankers are passing through the southern shipping lane off the coast of Oman into the Strait of Hormuz. Officials stated that approximately 10 million barrels of oil are being transported through the strait daily into the global energy market, but this figure is about half of pre-war shipments. This U.S.-led operation is mitigating one of the most severe impacts of the war: disrupted oil supplies, which has driven up crude oil prices significantly. Officials indicated that although current oil shipments through the strait are still below pre-war levels, this has already had a noticeable impact on global oil supplies.US President Trump: I really hope interest rates can go down.

S&P 500 Price Forecast – Stock Markets Continue to Struggle

Alice Wang

Jul 15, 2022 15:54

Technical Analysis of the S&P 500

Due to the ongoing pessimism, the S&P 500 has decreased somewhat during Thursday's trading session. At this time, it seems as if the market is prepared to go further, maybe attempting to approach the most recent lows at the 3637 level. In the end, this market should continue to see a lot of agitated behavior. I believe that fading rallies will remain a significant problem. The 50 Day EMA is now hanging in the general vicinity of the 3950 level, which serves as the ceiling at this time.


Ultimately, your indication to become engaged will be when you start to feel exhausted after brief rallies. Given the lack of global growth and the fact that inflation is still a problem, I do believe the downward trend will continue. Additionally, the Federal Reserve is rapidly tightening monetary policy, and as a result, a 100 basis point interest rate rise is being predicted. Due to the fact that the S&P 500 contains so many significant exporters, it is extremely probable that we will continue to see significant problems with the global economy.


In the end, a running season is approaching, so there could be some "hopium" waiting to happen, but after hearing J.P. Morgan declare, "We have never seen an economic scenario like this," during its results presentation, I don't think this earnings season will be cause for celebration. After a rally, I will suppress any indications of tiredness.

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