News

The market experienced significant volatility as risk sentiment weighed on Wall Street, with the S&P 500 recovering slightly but still on track for its worst month since September 2022, while the Dow Jones posted modest gains. Key technology stocks, such as Nvidia and Moderna, saw notable declines amid a backdrop of fluctuating investor sentiment and changing market conditions.

OpenAI plans to release a new open-weight language model with reasoning capabilities, following the success of DeepSeek's R1 and Meta's Llama models. This move aligns with the growing trend in the AI industry towards open-weight models, which offer cost-effectiveness, adaptability, and the ability to process sensitive data.

Detroit automakers, including Ford and General Motors, are preparing for significant challenges as a 25% tariff on imported vehicles and auto parts takes effect, with internal memos highlighting the anticipated impacts on manufacturing and supply chains. Both companies are engaging with government officials and reinforcing a focus on operational efficiency amid a dynamic trade environment.

Pepe (PEPE/USD) outperformed other meme coins like Dogecoin (DOGE/USD) and Shiba Inu (SHIB/USD) on Monday, with a 4% price increase and a 37% surge in trading volume. However, the decline in Open Interest suggests potential bearishness despite the increase in long bets and long-term holder positions.

CoreWeave's stock price has been trading lower since its IPO due to concerns about its financials and weaker-than-expected demand. Despite the weak debut, the company has secured key partnerships and some analysts see potential for growth if it can leverage its relationships to expand its high-performance computing services.