Thermos is recalling 8.2 million containers after consumers suffered laceration injuries — and in some cases reported permanent vision loss — when stoppers forcefully ejected from the products and struck them in the face.
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The recall covers approximately 5.8 million Stainless King Food Jars and 2.3 million Sportsman Food & Beverage Bottles. According to a recall notice posted by the U.S. Consumer Product Safety Commission on April 30, consumers should stop using the affected products immediately.
The affected models include Thermos Sportsman Food & Beverage Bottles: all units, model SK3010; Food Jars and Food & Beverage Bottles: all units, models SK3000 (16-ounce), SK3020 (24-ounce), and SK3010 (40-ounce); and Thermos Stainless King Food Jars manufactured before July 2023: models SK3000 and SK3020.
The model number can be found at the bottom of the item.
The hazard stems from a design flaw in the stopper — the component that retains heat and prevents leakage. If perishable food or beverages are stored for an extended period, pressure can build up and cause the stopper to forcefully eject when the container is opened. Unlike safer designs, the stopper on the recalled models lacks a pressure-relief valve.
Thermos said it has received 27 reports of consumers being struck by an ejected stopper, including injuries requiring medical attention. Three consumers reported suffering permanent vision loss after being struck in the eye.
The recalled products were sold between March 2008 and July 2024 at Walmart, Target, and Amazon, as well as on Thermos.com. They were available in a variety of colors and bear the Thermos trademark on the side.
Owners of SK3000 and SK3020 Food Jars should dispose of the stopper and submit a photo of the disposal to Thermos. Owners of SK3010 bottles should return the product using a prepaid shipping label provided by the company. For details on returns and replacements, visit the Thermos recall page at Thermos.com.
Roughly 36,000 Heartwarming Hugs Bears, a stuffed animal manufactured by Build-A-Bear, are being recalled due to a zipper detaching from the bear’s pouch.
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On Thursday, the U.S. Consumer Product Safety Commission announced that the stuffed animals pose a serious risk of injury or death, as the detached zipper can present a choking hazard.
The recall number is 034464. The recall number can be found on the product label located on the back of one of the bear’s legs.
The bear includes a stuffed heart that fits inside a pocket. The heart-shaped insert is filled with 2.5 pounds of ceramic beads and can be used as a heating pad or chilled for cooling comfort.
“The product is graded 3 years+ and carries a cautionary statement advising adult supervision due to the heated/cooled element,” the release stated.
The bear was sold between January 2026 and March 2026 for about $48.
Customers are advised to immediately stop using the Heartwarming Hugs Bear. Consumers who purchased the bear should return it to the nearest Build-A-Bear store or request a shipping label at www.buildabear.com/recalls. Once returned, Build-A-Bear will issue a refund to the original form of payment or provide a gift card.
There have been no reported injuries, although one consumer in the United Kingdom reported the zipper detaching.
For information on the recall visit Build-A-Bear online at www.buildabear.com/recalls according to the release.
EXCLUSIVE: The Department of Homeland Security lambasted Illinois Gov. JB Pritzker and the state’s refusal to cooperate with ICE after an illegal immigrant convicted of child sexual abuse was released from jail despite calls for state officials to turn him over to federal authorities.
Both Pritzker and Chicago Mayor Brandon Johnson have repeatedly criticized the Trump administration’s immigration enforcement posture, with the mayor comparing President Donald Trump’s America to Jefferson Davis’ Confederacy.
Johnson has accused Trump of “declar[ing] war on Chicago” and using DHS as a “private, militarized, occupying force,” while pledging to fight them in the streets, the legislature and the judiciary. The state operates under the Illinois TRUST Act, a law championed by Springfield Democrats and signed by former Republican Gov. Bruce Rauner that prohibits the use of state and local resources for most civil immigration enforcement purposes.
“Governor Pritzker continues to refuse to do his job to protect his citizens from illegal alien crime and instead chooses to smear our law enforcement,” Assistant Secretary Lauren Bis told Fox News Digital.
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“Where is the investigation into his own policies that allowed this pedophile to be released from jail and be loose in Illinois communities?” she added of the Hyatt Hotels heir and potential 2028 Democratic presidential candidate.
Bis called on Pritzker to “end this insanity and stop releasing pedophiles into our communities.”
DHS told Fox News Digital exclusively that ICE officers went to Chicago and arrested Guatemalan national Erik Giovanni-Quiroa, who had been released from jail after his ICE detainer was ignored following a conviction for aggravated sexual abuse of a five-year-old child.
DUFFY GIVES ILLINOIS 30-DAY ULTIMATUM AFTER AUDIT FINDS 1 IN 5 NONCITIZEN TRUCK LICENSES ISSUED ILLEGALLY
Giovanni-Quiroa, who also had a 2011 firearm-battery conviction, was given a three-year sentence on the pedophilia charge but ICE instead encountered him on the streets.
Last week, ICE conducted a targeted vehicle stop and arrested Giovanni-Quiroa after his detainer was denied, forcing agents to locate him themselves.
Officials said Giovanni-Quiroa refused to stop and briefly fled before being placed in federal custody.
Bis said “sanctuary” politicians in Illinois and elsewhere continue to wrongly protect criminal illegal immigrants and allow them to reoffend and perpetrate additional crimes against Americans.
ICE previously called on Illinois law enforcement to begin honoring ICE detainers, as Director Todd Lyons wrote to Attorney General Kwame Raoul noting that DHS says more than 4,000 illegal immigrants are in state custody.
Giovanni-Quiroa illegally entered the U.S. under the second Bush administration and has been essentially a beneficiary of the aforementioned TRUST Act.
In the heat of “Operation: Midway Blitz” in June, Raoul published a memo reiterating key provisions of the law as a “refresher for Illinois law enforcement agencies.”
“It is important to note, however, that although the Illinois TRUST Act prevents the use of state and local resources for civil immigration enforcement purposes, it does not prevent law enforcement officers from taking action to maintain peace and ensure public safety within their jurisdiction,” Raoul wrote.
“Although some provisions of federal immigration statutes are criminal, deportation and removability are matters of civil law, not criminal law [and] whether an individual is lawfully present in the United States is a question of federal civil immigration law.”
Fox News Digital reached out to Raoul for comment on the current case, as well as Pritzker and Johnson.
When Rauner signed the TRUST Act in 2017, he said it would “continue Illinois’ history of welcoming immigrants and help law enforcement focus on stopping violent crime and protecting Illinois residents.”
In that statement, Rauner also cited a federal court decision from the Chicago-based Northern District of Illinois in which an Obama-appointed judge whom President Joe Biden later promoted to an appeals court found flaws in ICE’s detainer process.
Judge John Z. Lee said in his 2019 order in Jimenez-Moreno v. Napolitano that immigration detainer orders exceeded DHS’ statutory authority but he also acknowledged a Philadelphia federal court ruling that ICE detainer requests do not violate the Tenth Amendment as alleged.
FIRST ON FOX: Minnesota Republican lawmaker Kristin Robbins, chair of the House Fraud Prevention and State Agency Oversight Committee, announced on Friday she is ending her gubernatorial campaign to replace embattled Gov. Tim Walz.
“It was not a tough decision to get into the race 10 months ago,” Robbins exclusively told Fox News Digital. “We could not allow Tim Walz to have a third term in Minnesota. He’s destroyed our state, and we had to stop him, and so, I think I made a great case for that, and because of all my work on the fraud committee he got out nine months ahead of schedule, which is great.”
Robbins continued, “Once Senator Klobuchar became sort of the anointed candidate to replace him, I just think the establishment kind of circled the wagons and, you know, it became a challenging endeavor, and I’m a realist, and I am a numbers person, and when I look at the math, I don’t see a path for me to win.”
Weeks after Walz dropped his re-election bid in January amid a massive fraud scandal that unfolded during his watch, Sen. Amy Klobuchar jumped into the race, bringing her deep political backing and name recognition with her as the presumptive nominee for the Democrats.
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Robbins told Fox News Digital she determined it was better to “bow out” and find a “new way to contribute” due to love of her state and the realization that there are “many ways to serve.”
In terms of what’s next, Robbins says she hasn’t had the time to give that much thought but said she is focused on closing out the current legislative session and said “there’s a lot of big things going on in the front committee.”
“I know where the bodies are buried,” Robbins said about the fraud situation, pointing out that there is much more work to be done to get answers on how the billions of dollars in fraud was allowed to go unchecked for so long.
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With Robbins exiting the race, the Republicans vying to win the gubernatorial primary include Minnesota House Speaker Lisa Demuth, healthcare executive Kendall Qualls, MyPillow CEO Mike Lindell and several other lesser known candidates.
Robbins told Fox News Digital she will “not be endorsing anyone.”
“That will be up to the voters to decide, and I wish all the other candidates well,” Robbins said.
Ultimately, Robbins says her “overwhelming thought” is “gratitude” when she looks back on her campaign.
“I am so grateful for the last ten months of going all over the state meeting Minnesotans from every walk of life and to have had the privilege to run for governor and meet all these amazing people and hear their stories, be inspired by what they want for Minnesota,” Robbins said. “I am just so grateful and so privileged.”
Robbins says that going forward, the “answers” are not going to come from the capitol in St. Paul, but rather “from the communities and from the people” and she “looks forward to plugging into that.”
Katie Wilson, Seattle’s new self-proclaimed socialist mayor, sparked a social media firestorm after she gave her take on reports that millionaires are fleeing Washington state due to taxes and various far-left policies.
While speaking at a forum at Seattle University earlier this month, the new Democratic mayor said, “I think the claims that millionaires are going to leave our state are like super overblown.”
“And the ones that leave, like, bye,” she continued, waving her hand and laughing. Though the line drew laughs and applause from those in the auditorium, it did not go over as well online, as conservatives quickly blasted the new Seattle mayor.
“Seattle’s Socialist Mayor responds to exodus of wealth from Washington State by saying “BYE” … then laughing. We’re doomed,” wrote Brandi Kruse.
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Kruse’s post has been seen over 4 million times on social media as of Friday morning.
Popular conservative account “End Wokeness” also posted on X, writing, “Mayor Wilson seems to welcome the idea of a wealth exodus from Seattle. This is the FA part. FO coming soon.”
“Enjoy, Seattle,” Fox News contributor Guy Benson posted on X.
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“What do socialists think happens when the most productive, highest revenue driving members of their tax base leave their jurisdictions?” Heritage Foundation President Kevin Roberts posted on X.
“Socialists are driven by hate for the rich, not concern for the poor,” Manhattan Institute scholar Daniel Di Martino posted on X.
“This is the reaction of a spoiled child whose parents paid her bills up until the point that she became mayor… She has no grasp of reality or economics,” comedian Tim Young posted on X. “Seattle is extra cooked.”
Discovery Institute Senior Journalism Fellow Jonathan Choe posted on X, “Seattle, you voted for this.”
“This clip will live in infamy,” the Washington State Republican Party posted on X. “@MayorofSeattle Katie Wilson is not only unfit to be mayor, she lacks grace and gratitude. Perhaps, she’s the one who should leave #Seattle.”
Fox News Digital reached out to Wilson’s office for comment.
Wilson shocked many political observers when she was elected Seattle’s mayor last year, and many chalked up her victory to her ability to tap into a similar voting bloc that socialist Zohran Mamdani used on his way to becoming New York City’s next mayor.
Earlier this month, Fox News Digital reported on city advocates who say they are struggling to find solutions as homelessness and open-air drug use spread across Seattle’s streets, amid growing concerns about the direction of Wilson’s new administration.
“You can just see the foil is like blowing down the sidewalks like autumn leaves,” Andrea Suarez, founder and executive director of We Heart Seattle, told Fox News Digital in an interview.
“Very common to see property damage of our parks and shared spaces. You can see Narcan is used to reverse an overdose, so you’ll see cartridges. But at least we’re remodeling the bathroom to be gender-neutral. I’m not [kidding] you, that’s where our priorities are.”
Fox News Digital’s Nikolas Lanum and Rachel Del Guidice contributed to this report.
With President Donald Trump “hired” by the American people for a second term, Amazon — which now owns production rights to NBC’s “The Apprentice” — is looking for a new host to potentially reboot the once No. 1-rated television program, according to The Wall Street Journal.
Trump leveraged decades of media coverage as a New York mogul amid the ups and downs of the 1980s and 1990s into a smash-hit program that premiered in 2004, following several wannabe business executives through a several-week “job interview” to work for the Trump Organization.
Fifteen seasons and a presidency-compelled hiatus later, Amazon is reportedly considering Trump Organization Executive Vice President Donald Trump Jr. for the role, as the eldest son has served as a frequent stand-in “boardroom adviser” for Trump executives Carolyn Kepcher and George Ross.
Trump addressed rumors of a reboot on Thursday, telling Fox News’ Peter Doocy that his son is a “good guy” and would “probably be good” in the role.
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“He’s got a little charisma going. You need a little charisma for that sucker. So, we’ll see what happens,” Trump said.
Several people familiar with the discussions told The Wall Street Journal that Amazon executives have internally discussed casting Trump Jr. as a host for an “Apprentice” reboot if they do indeed launch the project.
The Journal reported Amazon has not yet approached Trump Sr., Trump Jr. or any Trump family members, but that, instead of NBC, it would air the show on Amazon Prime.
A source close to Trump Jr. told Fox News Digital on Thursday that the Journal report was indeed the first time the 48-year-old father of five had heard his name was in the pot.
Fox News Digital also reached out to the Trump Organization for comment, as well as Amazon and Amazon’s production company.
An Amazon spokesperson told the Journal that the Jeff Bezos-led company previously acquired MGM, which itself bought a majority stake in reality-show impresario Mark Burnett’s company several years earlier.
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Burnett has launched several reality shows, including “The Apprentice” and CBS-aired contests “The Amazing Race” and “Survivor,” with the latter now in its 50th season. The credits for “The Apprentice” list Trump Sr. as executive producer.
A reboot would be Amazon’s second foray into Trumpworld in recent months, as it recently debuted a $40 million biopic of first lady Melania Trump that drew praise from supporters and mockery from critics like ABC’s Jimmy Kimmel.
“Melania” was directed by Brett Ratner of “Rush Hour” fame, as Trump reportedly pressed Paramount Pictures to revive the Jackie Chan-Chris Tucker series and put Ratner back at the helm, according to CNBC, which further reported the original New Line Cinema films are now subject to a distribution pact between Paramount and New Line parent Warner Bros.
Trump Sr. regularly touted his “Apprentice” success throughout his political tenure, once telling the National Prayer Breakfast that attendees should “pray” for former California Gov. Arnold Schwarzenegger after the “Terminator” took over the show and oversaw what the president called a ratings collapse.
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Schwarzenegger, the most recent Republican to serve as governor in Sacramento, occasionally spars with Trump, as he is seen as less bombastic and more politically moderate than the president.
“Hey Donald, I have a great idea,” Schwarzenegger shot back at Trump in an X video at the time.
“Why don’t we switch jobs — you take over TV — since you’re such an expert in ratings, and I take over your job so that people can finally sleep comfortable again — hmm?” the Austria native, who voted for then-Ohio Gov. John Kasich in 2016, quipped.
Fox News Digital reached out to NBCUniversal for additional comment on the potential resurrection of their onetime series. Neither Amazon nor the Trump Organization responded by publication time.
Fox News Digital’s Janelle Ash contributed to this report.
A political firestorm erupted this week after a Washington, D.C., internal police email appeared to reprimand rank-and-file officers for body camera footage allegedly showing them “finess[ing]” their way out of making arrests on reasonable grounds.
The news comes as the Trump administration cracks down on crime in the District of Columbia at the federal level. While crime rates have steadily declined from a peak in 2023, the nation’s capital continues to suffer per-capita violent crime at higher rates than the national average, according to FBI data.
The Metropolitan Police Department confirmed to Fox News Digital that its brass had rescinded an email sent by the captain for Sector 2 of the Sixth Police District, which covers areas north of Marion Barry Avenue and east of the John Philip Sousa Bridge.
“We are seeing more and more BWCs [body-worn cameras] where officers are not making arrests where probable cause or RAS [reasonable amount of suspicion] is apparent. This is leading to complaints to IAD (internal affairs division) and OPC, and it is also leaving victims and complainants unprotected by the police,” wrote Capt. Jerome Merrill.
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Merrill’s letter, first obtained by Washington’s CBS affiliate, said the situation is getting many police officials in trouble for failing to recognize or correct classifications of interactions with the public.
“Please do not try and finesse your way out of an arrest it is not worth the consequences I assure you,” the memo said, urging police to make arrests or apply for warrants before detectives need to follow up on them.
The department told Fox News Digital the information in the email was “incorrect” and that MPD is investigating.
Asked about the situation and whether arrests can be made on reasonable suspicion in any context, former Supreme Court Chief of Police Ross Swope told Fox News Digital that the distinction is “not only typical of most departments, it is the law.”
Swope, who served for decades with the MPD and later wrote texts on police ethics and internal operations, said probable cause requires more than reasonable suspicion.
“It requires a higher degree of certainty,” he said. “[Probable cause] is when the facts and circumstances within an officer’s knowledge would lead a reasonable person to believe that a crime has been committed for which a summary arrest may be permitted.”
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He said Merrill may have viewed body cams and believed in his own view that arrests should have been made, but that he was wrong to instruct officers to make arrests based solely on reasonable suspicion.
Fox News Digital also reached out to the D.C. Police Union for comment but did not receive a response.
But Union President Gregg Pemberton told the CBS affiliate after the fact that he essentially, independently, agreed with Swope.
“The Union has reviewed Captain Merrill’s email and determined that the reason that our members are not making arrests based on reasonable articulable suspicion is because that’s illegal,” Pemberton told the outlet.
“We would expect a captain of a police patrol district to know that, but unfortunately, this command staff official has proven himself uninformed and incapable of managing police operations in the District of Columbia,” he added.
WASHINGTON — President Donald Trump signed an executive order on Thursday calling for a new government website where people in the United States can find and compare private-sector retirement savings accounts, aiming to help millions of workers whose employers do not offer such plans.
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The order is intended to help more people gain access to retirement plans before next year, when the federal government will start matching retirement contributions made by lower-income workers.
That new matching contribution, known as the Saver’s Match, comes from 2022 legislation passed under Democratic President Joe Biden. Starting in January, it will offer a match of up to $1,000 for workers who make less than $35,000 a year.
Trump’s order is meant to help make the match available to roughly 50 million people who do not have retirement plans offered by their employers. The Republican president directed the Treasury Department to launch TrumpIRA.gov, where workers will be able to compare private-sector retirement plans.
“For millions of Americans who lack employer-sponsored plans, this will be really revolutionary, because they’ll be covered,” Trump said at an Oval Office signing ceremony.
He is not offering a new government retirement plan but helping match workers with existing plans from private companies.
Details of the order were first reported by the news outlet Semafor.
Trump discussed the idea during his State of the Union address in February, when he noted that about half the people in the country do not have access to employer-provided retirement plans with matching contributions.
“To remedy this gross disparity, I’m announcing that next year my administration will give these often-forgotten American workers — great people, the people that built our country — access to the same type of retirement plan offered to every federal worker,” Trump said.
The Saver’s Match program will offer a maximum match of $1,000 for single filers and $2,000 for married couples who file jointly. The maximum will be limited to single filers earning less than $20,500, with smaller matches offered for those earning up to $35,500. It applies to contributions made toward 401(k) plans, IRAs and Roth IRAs.
Trump said he wants to take the match “to the next level” by asking Congress to expand it to those with incomes higher than $35,000 a year. Kevin Hassett, director of the White House’s National Economic Council, said many middle-income earners also lack access to employer retirement plans.
“We’re working with Congress to significantly expand this program and are looking forward to legislation this year,” Hassett said at the ceremony.
Federal Communications Commission Chairman Brendan Carr told reporters Thursday that the White House did not push him to order an early review of ABC’s eight broadcast licenses.
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“There was no pressure from the outside. There was no suggestion from the outside,” Carr said at a news conference. “There was no call for agency action from the outside. This was based on our assessment of where we were.”
The FCC, which regulates the broadcast industry, announced its early review on Tuesday, a day after President Donald Trump publicly called on ABC to fire late-night host Jimmy Kimmel for a joke he made about first lady Melania Trump last week.
Carr, a Trump appointee who regularly assails the media, reiterated Thursday that the review of ABC’s licenses stemmed from a yearlong investigation into diversity, equity and inclusion practices at Disney, the parent company of ABC.
He insisted the review was not related to “speech” on ABC’s airwaves.
“In this particular case,” Carr told reporters, “this action is driven by investigation into DEI conduct, not any speech at all.” He said he agreed with Sen. Ted Cruz, R-Texas, who earlier this week said he believed the FCC should not act as the “speech police.”
First Amendment advocates sharply criticized the FCC and Carr this week, arguing in part that the agency’s directive to Disney was a clear case of retaliation.
“The FCC may claim these actions are based on DEI policies and have nothing to do with Jimmy Kimmel, but its timing makes it clear these justifications are a fig leaf,” said Bob Corn-Revere, counsel at the Foundation for Individual Rights and Expression.
The White House has blasted Kimmel for describing Melania Trump as an “expectant widow” in a sketch parodying the White House Correspondents’ Association dinner that aired last Thursday.
Two days after the sketch aired, a gunman opened fire outside the correspondents’ association event at a hotel in Washington, forcing the president and the first lady to rush out of the ballroom.
The suspect faces three charges, including attempting to assassinate the president of the United States.
Kimmel defended his remarks Monday, saying in part: “It was a very light roast joke about the fact that he’s almost 80 and she’s younger than I am. It was not by any stretch of the definition a call to assassination.”
Disney has not publicly addressed the furor over Kimmel’s joke, but the media giant confirmed it has received the FCC’s order for a review of the licenses it owns in key media markets such as Los Angeles, New York and San Francisco.
“ABC and its stations have a long record of operating in full compliance with FCC rules and serving their local communities with trusted news, emergency information, and public‑interest programming,” Disney said in a statement on Tuesday.
“We are confident that record demonstrates our continued qualifications as licensees under the Communications Act and the First Amendment and are prepared to show that through the appropriate legal channels,” the corporation added.
The FCC is also investigating DEI practices at Comcast, the parent company of NBC News.
Market watchers looking for clarity about the direction of Big Tech and the AI investment boom didn’t get much Wednesday afternoon amid a barrage of key earning reports.
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Instead, four leading tech companies reported quarterly results that beat Wall Street’s official forecasts but nevertheless fell short of the sky-high expectations investors have set for companies leading the AI revolution.
Investors were most enthusiastic about the results of Google parent Alphabet, whose shares climbed as much as 6% in after-hours trading. The company reported earnings and revenue that beat analysts’ expectations and raised its estimate of how much it would spend on AI infrastructure.
Earnings for Facebook parent Meta were greeted with less fervor. Its shares fell more than 5% after it said it expected revenue growth to stay flat in the second quarter.
Amazon’s and Microsoft’s results and forecasts were more mixed. Investors ultimately sent both lower by about 3%.
The major U.S. stock indexes are sitting near all-time highs despite war with Iran, rising oil prices and dismal consumer sentiment readings.
But overall business investment and consumer spending levels remain resilient — and companies on the S&P 500, the index considered the best proxy for overall stock market performance, are reporting the highest average net profit margins in more than 15 years, according to the analytics group FactSet.
That performance is being led by tech companies known as “The Magnificent 7” — Apple, Microsoft, Alphabet, Amazon, Meta, Nvidia and Tesla, which dictate about one-third of the S&P 500’s average performance.
Tech’s leadership has created a double-edged sword for the market writ large: When times are good in tech, the market tends to rise. When tech’s performance is rockier, the market can sink.
“Stocks are again trading at record highs, reflecting strong investor confidence, but the S&P 500’s heavy concentration in the Mag 7 technology leaders elevates downside risk should earnings fall short, as valuations leave little margin for error,” Chris Brigati, chief investment officer at SWBC, a Texas-based financial group with more than $1 billion in assets under management, said in a note to clients this week.
Investors remain focused on the companies’ projections for future spending levels on the technology and infrastructure underlying their AI programs — and how they square with revenue, Brigati said.
“Each company faces its own dynamics, but delivering tangible results from elevated [capital expenditures] remains the critical test,” he said.
Until the end of March, Mag 7 companies’ performance had been caught in the downdraft that hit the broader market as the war with Iran took hold. Many had already spent much of the second half of 2025 treading water as concerns about the timeline for earnings from AI investments, plus seemingly circular financing arrangements, took hold.
But sometime in early April, investors began to realize that the most important names had been trading at discounts relative to projected earnings, according to Ed Yardeni, an economist and president of Yardeni Research, a widely respected market consultancy.
“I think the perception that there might be an exit ramp for Trump with the war with Iran and ceasefire got investors looking at markets again, and what they suddenly realized is the overall market, and specifically the Mag 7, were a lot cheaper,” Yardeni told NBC News.
In recent days, the market has lost some momentum amid signals that President Donald Trump is planning for a more prolonged conflict. A Wall Street Journal report that ChatGPT maker OpenAI may be on track to miss key revenue and user targets has also slowed tech’s recent momentum. OpenAI investments in — and from — other major tech companies have left it deeply intertwined in the AI boom, and some investors fear any weakness could ripple through parts of the AI ecosystem.
OpenAI called the Journal report “clickbait.”
The actual severity of any shortcomings at OpenAI and how far any weaknesses could spread remain open questions, Yardeni said. For now, cautious investor optimism remains the prevailing sentiment and will most likely continue to power markets higher.
“Concerns about some of the uncertainties, like if these companies are spending too much or if they’ll ever get a proper rate of return, that seems to have gone by the wayside,” he said.
