Jobless Claims Rise, China Stocks Decline, and OpenAI's Valuation Soars

Reported 3 months ago

In the latest trading day, U.S. stocks faced pressure due to a slight increase in jobless claims, which rose to 225,000 against an estimated 221,000. Meanwhile, the Hang Seng index in Hong Kong fell after a recent rally, with JPMorgan cautioning investors about overvalued stocks. Additionally, OpenAI's valuation surged to $157 billion following a massive $6.6 billion funding round, positioning it alongside significant firms like AT&T and Goldman Sachs.

Source: YAHOO

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