UAE leaves OPEC, OpenAI misses targets

Two major headlines hit markets yesterday: a report that OpenAI may be missing internal revenue and user growth targets, and the United Arab Emirates are stepping away from OPEC. Nasdaq 100 fell 1%, as oil prices rallied on near-term supply concerns, even as longer-dated contracts signalled a more cautious medium-term outlook. Later today, investors will focus on the Fed decision and Big Tech earnings from Microsoft, Google and Meta. Let’s see if the latter could keep investors in the mood! Listen to find out more! Ipek Ozkardeskaya has begun her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked at HSBC Private Bank in Geneva in relation to high and ultra-high net worth clients. In 2012, she started as FX Strategist at Swissquote Bank. She worked as a Senior Market Analyst in London Capital Group in London and in Shanghai. She returned to Swissquote Bank as Senior Analyst in 2020, and launched her own website ipekScope.com in 2025.