The Rundown OpenAI's Secret Plan for a New Device, Nike Agrees to Sell Shoes on Amazon
19 snips
May 22, 2025 The stock market is feeling the pressure from rising Treasury yields, causing ripples across various sectors. OpenAI is making waves with a significant acquisition, hinting at exciting new tech developments ahead. Nike is reversing its direct-to-consumer strategy, opting to sell shoes on Amazon to better meet customer demands. Meanwhile, solar energy firms are struggling as new legislation alters the funding landscape, raising the stakes for competitors like BYD and Tesla in the electric vehicle market.
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Bond Market Warning Signs
- Rising U.S. Treasury yields alarm the bond market and hurt stocks.
- Higher government borrowing costs worsen the debt situation amid a growing deficit.
Bitcoin's Quiet Market Maturity
- Bitcoin reached a new all-time high over $110,000 quietly.
- It is maturing as a financial asset and acting like a market hedge.
OpenAI's Big Bet on Design
- OpenAI paid $6.5 billion to acquire an AI device startup led by Johnny Ive.
- The product is secretive and expected by late next year, not a phone or glasses.