Jeffrey Epstein

Key takeaways include Nvidia exceeding expectations due to AI demand, with CEO Jensen Huang dismissing bubble concerns. Walmart also beat estimates, attracting value-seeking customers and aiming to combat online counterfeits. The Fed remained divided on rate cuts, facing pressure from Trump. A bill mandating the release of Epstein files was signed, with exceptions to protect victims and ongoing investigations. Finally, the housing market favors buyers who can afford it amid rising mortgage rates. Adobe acquired Semrush to enhance SEO capabilities.

Larry Summers resigned from OpenAI’s board following the release of emails between him and Jeffrey Epstein. Public scrutiny, triggered by congressional release of documents, led to widespread criticism and calls for Summers to disassociate himself from OpenAI. His departure, amid growing competition in the AI space and a DOJ investigation into Epstein’s connections, raises questions about OpenAI’s governance and ethical oversight. Harvard University also faces pressure to distance itself from Summers. He acknowledged his actions and apologized for the pain caused.

Stocks slid amid concerns about earnings, economic data, and AI’s impact. Tech stocks led declines, with Nvidia, Dell, and HPE falling. Apple dipped despite Alphabet rising on Berkshire Hathaway’s investment. Bitcoin dropped below $90,000. Home Depot missed earnings expectations, citing consumer uncertainty. Kevin Hassett warned AI may slow hiring. Larry Summers distanced himself after Epstein emails surfaced. Panera Bread is attempting a turnaround with its “Panera RISE” strategy. Finally, Zillow faces antitrust scrutiny, despite its disruptive impact on the real estate market.

Newly released, partially redacted documents related to Jeffrey Epstein reveal his connections to figures like Elon Musk, Peter Thiel, and Steve Bannon. The House Oversight Committee probe aims to assess potential government mishandling of the Epstein case. Documents include itineraries and notes detailing Epstein’s meetings with tech and business leaders. One itinerary suggests Epstein anticipated Musk visiting his island. Musk has acknowledged visiting Epstein’s mansion but denied visiting the island. The release prompts scrutiny of these relationships and raises questions about potential political or reputational damage.