The proceeds from the deal will be directed towards Dow's capital allocation priorities.

Altman’s tense relationship with Musk could complicate his and his company's access to Trump’s administration.

Wall Street will navigate a host of labor market data this week, including Tuesday's October Jolts reading.

Global energy demand is surging, and at the heart of this revolution is the meteoric rise of AI technology. Fueled by the insatiable electricity needs of sprawling data centers, AI is reshaping the energy landscape with unparalleled speed. Mizuho Research predicts that by 2030, the power demand for data centers will skyrocket, tripling as AI applications expand their reach. Meanwhile, Bank of America has seen this growing trend, and firm analyst Kalei Akamine has lit the fuse to buy two energy s

NEW YORK (Reuters) -The S&P 500 and Nasdaq eked out record closing highs on Tuesday, with tech-related shares extending recent gains as investors awaited further jobs data. The Dow finished slightly lower on the day. Among S&P 500 sectors, technology, communication services and consumer discretionary were the only gainers, extending their advance on Monday.

NEW YORK (Reuters) -A surprise declaration of martial law in Korea that had sent the won plummeting and gave U.S. Treasuries a brief safe-haven boost was lifted on Tuesday, removing one source of geopolitical jitters for world markets to contend with. The move gave a modest boost to U.S. stocks, which were otherwise muted and range-bound for much of the session. "These developments, combined with those in France and the outcome of the U.S. presidential election, all are creating uncertainty as investors think about how to position themselves moving into 2025," said Greg Bassuk, CEO at AXS Investments in New York.

The Dow Jones Industrial Average slipped 76 points, or 0.2%, while the Nasdaq composite added 0.4% to its own record set a day earlier. On the losing end of Wall Street was U.S. Steel, which fell 8%. President-elect Donald Trump reiterated on social media that he would not let Japan’s Nippon Steel take over the iconic Pennsylvania steelmaker.

The focus is on JOLTS jobs data and Fedspeak will cement or dent growing hopes for interest rate cuts.

Tesla stock fell after a Delaware court declined Elon Musk's attempt to change its ruling on his $56 billion pay package.

De Beers, the world's largest diamond producer, has implemented significant price cuts as the diamond market faces challenges from synthetic diamonds and weakening demand.