CNBC Daily Open: Is cheap gas America's Godot?
Trump's pledge not to attack Iran before the midterms hasn't shifted Kalshi traders, who still bet gas stays high on Nov. 3.
TL;DR
- Speculators on Kalshi predict gas prices will remain above $4 per gallon on Election Day, despite President Trump's pledge not to attack Iran.
- OpenAI reported annualized revenue of approximately $50 billion, falling short of earlier reports, which caused a decline in AI tech stocks.
- Vice President JD Vance suspended Microsoft, Adobe, and six other IT services firms from a program that assists skilled foreign workers in obtaining green cards.
- SpaceX is acquiring a nationwide spectrum portfolio to expand its Starlink service in the U.S. telecommunications market.
- Elon Musk accused Indian 'oligarchs' of blocking Starlink's launch in India to protect market dominance.
- Mukesh Ambani's Reliance Industries is the largest buyer of Venezuelan crude outside the U.S., with Trump encouraging India to increase purchases.