Bloomberg News Now: Markets, Oil, OpenAI Atlas, and Ukraine Diplomacy

Wall Street Closing Bell

• 📈 Stocks closed near all-time highs, with the S&P 500 nearly flat, the Nasdaq down 37 points, and the Dow gaining 218 points.
• 📊 Treasury yields were at 3.95% for the ten-year and 3.45% for the two-year.

Corporate Earnings and Forecasts

• 📉 Netflix shares fell 6% post-market despite results meeting estimates, impacted by a tax dispute in Brazil.
• ⚠️ Mattel experienced a significant drop of 13% due to US retailers delaying orders amid tariff policy uncertainty.
• 📉 Texas Instruments issued a lackluster forecast, raising concerns about a sputtering chip industry recovery, leading to a 6% stock decline.

Market Movements and Economic Factors

• 🛢️ The US Strategic Petroleum Reserve plans to purchase a million barrels of oil, taking advantage of prices below $58 per barrel.
• 💰 Gold and silver saw their steepest sell-offs in years, with gold shares down 5.5% and silver down 7.5%, as investors locked in profits.
• 🛂 Walmart has paused offers to candidates requiring H1-B visas, impacting corporate workers due to new visa fees.

Tech and Media Developments

• 📱 Apple's foldable iPad, featuring a large screen, has been delayed to 2029 or later due to engineering challenges.
• 🎬 Warner Brothers Discovery is exploring scenarios after receiving unsolicited interest, with Netflix and Comcast reportedly among interested parties.
• 🌐 OpenAI unveiled its first AI-powered web browser, Chat Atlas, designed for a personalized web experience, initially available on macOS.

International Affairs

• 🕊️ Plans for President Trump to meet with Vladimir Putin to discuss resolving the war in Ukraine have been put on hold.