Business & Markets — November 12, 2026

OpenAI quarterly revenue tops $10 billion. OpenAI’s quarterly revenue crossed $10 billion for the first time, up nearly 50% from the $6.7 billion it recorded the previous quarter.

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Gas prices fall ahead of Thanksgiving. Gasoline prices are falling ahead of Thanksgiving. But pump prices are still expected to come in higher than last year’s.

USA Today characterizes the holiday-week cost of filling up as a record high for the period, even as the recent downward drift offers drivers some relief heading into one of the year’s busiest travel stretches. The report frames the decline as a near-term trend rather than a return to prior-year levels, with motorists still paying more than they did during last year’s Thanksgiving travel season.

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Hot October inflation pressures Fed. October CPI rose more than expected. The Fed’s Austan Goolsbee called the report “borderline disturbing” as officials weigh faster rate hikes. Inflation may be spreading beyond tariff and energy shocks.

The concern among policymakers, according to AP News, is that price increases are no longer confined to one-time shocks from tariffs and energy costs but are seeping into the broader economy. That distinction matters because broad-based inflation is harder to tame and strengthens the case for the central bank to tighten policy more aggressively than previously planned. Goolsbee’s blunt assessment signals how seriously officials are weighing that risk.

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