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  Earn daily with us. =================== Sam Altman to Join Microsoft Following OpenAI Ouster Altman and former OpenAI president to lead advanced AI research team at Microsoft; Emmett Shear to be interim chief at OpenAI SAN FRANCISCO—Microsoft said it is hiring Sam Altman to helm a new advanced artificial-intelligence research team, after his bid to return to OpenAI fell apart Sunday with the board that fired him declining to agree to the proposed terms of his reinstatement. Microsoft Chief Executive Satya Nadella posted on X late Sunday that Altman and Greg Brockman, OpenAI’s president and cofounder who resigned Friday in protest over Altman’s ouster, will lead its team alongside unspecified colleagues. Nadella said Microsoft was committed to its partnership with OpenAI and that it would move quickly to provide Altman and Brockman with “the resources needed for their success.”  “The mission continues,” Altman wrote on X, reposting Nadella’s message. Microsoft shares rose mor...

This Bond Fund Is Beating Big Tech and the Rest of the Stock Market. Here’s Why. U.S. inflation cooled in October, which some investors took as a strong signal that the Federal Reserve is done raising interest rates. This optimism fueled demand for long-dated Treasuries, which drove the price of the largest U.S. long-dated bond exchange-traded fund higher. The $49.2 billion iShares 20+ Year Treasury Bond ETF (ticker: TLT) closed Tuesday up 2.27% at $89.78. Its shares have gained about 8.5% since its 52-week closing low of $82.77 on Oct. 19, outperforming the Nasdaq’s 6.9% gain and the S&P 500’s 5.1% rise over the same period, according to FactSet data. So far this year, the ETF has attracted net inflows of $20.5 billion, according to BlackRock. “With a large, liquid Treasury ETF like TLT, the only thing that affects the price is interest rates, there’s no credit risk,” said Scott Opsal, director of research and equities for the Leuthold Group, an investment research and asset manag...

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Futures Options Trading Update & 1 DTE SPX Winner (16/11/23)