OpenAI s founder Sam Altman was fired from his position as CEO after a review found he was not consistently candid with the board of directors. The list of founders ousted from their own companies includes Steve Jobs, Jack Dorsey, Travis Kalanick, and more.
market fears the worst will happen when the fed dials back on stimulating the economy with low interest rates. as the vix bounced in yesterday s trading session, stocks dropped in big volume. there was red across the screen in the super sell- off, with the dow sinking 354 points, the nasdaq down 78 and the s&p off by 41. the dow is now below 15,000 and the s&p broke 1,600. gold tumbled to a 2-year low, dropping $94, and oil lost $3.30. we could be in for a wild ride ahead. it s options expiration day, and add to that, oracle turned in earnings that missed on sales. oracle also plans to leave the nasdaq for the nyse. we begin today with prospective coming from todd horwitz of average joe options to talk about that taper tailspin. good morning to you. - good morning to you. what s going on? - stocks sold off heavily, bonds sold off heavily. is this move overdone? - you know, it might be overdone here in the short-term. i mean, i would look for probably 1580 in the s&p for a lit