Markets Right Now: Stocks Open Lower On Wall Street

Google CEO Sundar Pichai (left) and OpenAI CEO Sam Altman (right). Mateusz Wlodarczyk/NurPhoto via Getty Images; Kevin Dietsch via Getty ImagesSundar Pichai thinks OpenAI might have breached YouTube's terms of service when it trained Sora. The ChatGPT-maker wowed the AI industry when it debuted its text-to-video model in February. OpenAI's CTO Mira Murati said she wasn't sure if Sora was trained on YouTube videos.

Payment codes of Wechat Pay and Alipay are seen hung on a stall at a vegetable market on November 28, 2021 in Beijing, China. VCG/Getty ImagesChina recently fined several businesses, including a KFC, for refusing to accept cash. These are some of the most established companies in China, showing just how quickly cash has fallen from favor there.

Martin Gruenberg, Chair of the FDIC testifies before the Senate Banking, Housing, and Urban Affairs Committee on Capitol Hill on May 16, 2024 in Washington, DC. Kevin Dietsch via Getty ImagesFDIC chairman Martin Gruenberg said he will resign after report on poor workplace culture. An investigation found the FDIC's culture misogynistic and insular.

"Too bad (sigh). I have some fond memories from a long time ago of eating at Red Lobster," Elon Musk said in an X post on Monday. Apu Gomes via Getty Images; Richard Levine/Corbis via Getty ImagesRed Lobster filed for bankruptcy on Sunday and Elon Musk is sad to see them go."Too bad (sigh).

Former President Donald Trump could reap billions if Truth Social's parent company's long-delayed merger finally goes through. Chip Somodevilla; Jakub Porzycki/NurPhoto via Getty ImagesTrump Media & Technology Group lost $327.6 million in the first quarter, per an earnings report. The Monday filing revealed that TMTG earned a revenue of $770,500 in the first three months of the year.

Newly completed Tesla Model Y electric cars stand at the new Tesla Gigafactory electric car manufacturing plant on March 25, 2022 near Gruenheide, Germany. Sean Gallup/Getty ImagesTesla is offering discounts to appease European car rental and leasing firms, Reuters reported. The discounts follow Tesla's price cuts in Europe, which impacted fleet values for leasing firms.