Stocks

Ford Australia plans to double its market coverage from 30% to 60% over the next three years by significantly expanding its lineup and sourcing new models from China. The company says it wants 90% of its range to be either all-new or significantly refreshed by the end of the decade. Ranger and Everest — developed locally — made up 88.5% of Ford’s Australian sales in the first half of the year, underscoring the brand’s reliance on a narrow set of models.

OpenAI CEO Sam Altman said the company is unlikely to pursue an initial public offering in 2026, pushing back against broader market expectations. He also urged stronger AI safety evaluations. The comments come as autonomous hacks and other cybersecurity incidents involving OpenAI programs continue to surface.

OpenAI CEO Sam Altman said in an interview published on Sept 12 that the company will not go public in 2026, pointing to concerns about artificial intelligence safety. Earlier reporting had said OpenAI was weighing whether to delay a potentially trillion-dollar IPO until 2027. Altman’s comments take a 2026 listing off the table, as industry leaders increasingly emphasize safety in AI development.

ASX 200 energy shares rose 2.39% last week, bucking a 2.94% drop in the broader market to a 10-week low. Brent and WTI crude both jumped 12%, topping US$108 and US$103, while UK, German and broader European gas prices also climbed sharply. Concerns that shipping through the Strait of Hormuz could be disrupted — affecting about 20% of global oil and gas transport — helped fuel the surge in energy prices.

OpenAI CEO Sam Altman said the company will not go public in 2026, citing AI safety considerations. The decision comes as calls for tighter AI regulation intensify and experts warn about potential risks from the technology. Altman framed the move as part of a strategy to align safety measures with government-industry cooperation.

OpenAI CEO Sam Altman said the company will not go public in 2026, arguing that an IPO would be poorly timed and that safety and compliance work must take priority. Markets had previously speculated that OpenAI could be valued at $1 trillion in a listing. He made the comments as global markets remain volatile, after the SpaceX IPO’s sharp post-listing swings and as renewed fighting involving Iran has pushed oil prices higher and lifted inflation forecasts.

Dynagas LNG Partners reported second-quarter 2026 net income of $16 million, up 16.8% year on year, and adjusted EBITDA of $27.6 million. Voyage revenue rose 6.7% to $41.2 million, supported by higher rates and the start of the Clean Energy vessel’s new time charter. Average daily hire increased to about $71,810 per vessel, while fleet utilization was 96.2%. The partnership also said it had an estimated contracted revenue backlog of approximately $730 million.

Dell Technologies reported results for the quarter ended July 31, 2026, with revenue of $47 billion, up 58% year over year, and non-GAAP EPS of $7.04, up 203%. Infrastructure Solutions Group revenue totaled $31.8 billion, including $16.4 billion from AI-optimized servers, while quarterly AI server orders reached a record $60.9 billion, taking total AI backlog to $95 billion. Management raised its fiscal 2027 revenue outlook to about $192 billion. Wall Street analysts subsequently set fresh 12-month price targets in a range of $500 to $735.

Meta’s dual-class share structure has repeatedly blocked resolutions backed by independent shareholders, as gaps in content governance fuel large-scale child-safety lawsuits. Plaintiffs’ models estimate potential damages in the trillions of dollars, and the settlement would cover only a small fraction. If other platforms do not join, Meta’s obligation would drop to about $12 billion and teen safeguards would not take effect.

A UBS analyst downgraded NuScale Power to Sell and cut the price target to $6 from $10, implying 30.3% downside. The analyst expects about $700 million in cash burn from 2026 to 2028. For 2028, UBS models EBITDA of $29 million versus $124 million implied by the market’s pricing, according to the analyst. NuScale shares fell 16% on the day.