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The Daily Wrap – April 28, 2026


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Industry leader OpenAI is facing internal scrutiny and sparking a market sell-off in related tech stocks after reports surfaced that it missed its own revenue and user growth targets. This market uncertainty is compounded by a major shakeup in the energy sector, with the United Arab Emirates announcing its exit from the OPEC oil cartel. Corporate earnings presented a mixed picture, with strong results from General Motors contrasting with a significant stock drop for Spotify due to weak guidance. Adding to economic concerns, foreign automakers are warning they may pull their most affordable models from the U.S. market due to uncertainty surrounding the USMCA trade agreement.

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Finextra ProBy Finextra Pro