Traders work on the floor of the New York Stock Exchange (NYSE) as the opening bell rings on April 16, 2026.
Timothy A. Clary | AFP | Getty Images
Hello, my name is Katie Foley. I am writing from London on the last trading day of April.
With oil prices soaring this morning and stocks falling, the market isn’t waiting for the calendar to pass and lean into the adage “sell in May.”
Over the past month, we have seen fragile Iran ceasefire negotiations negotiated and then extended in the face of multiple cliffhanger moments dictated by the US president’s truthful social account. We have seen the first record of domestic inflation and growth affected by soaring energy prices, and early signs of a knock-on effect on corporate earnings.
All markets have remained strong throughout this period, but is that coming to an end?
What you need to know today
And finally…
Nvidia just invested in an AI law startup that’s putting Jude Law ads everywhere.
Nvidia’s venture arm, NVentures, has invested in Swedish AI legal technology Legora at a valuation of $5.6 billion, as the chip giant continues to raise startup funding around the world.
Regola exclusively told CNBC on Thursday that Nvidia backed the company as part of a $50 million Series D extension, bringing the total to $600 million after the initial close in March. Atlassian, Adams Street Partners, and Insight also participated in the expansion.
Investors are flooding into promising young AI companies, betting big on the technology’s commercial potential to reshape entire industries and deliver massive efficiency gains.
— Kai Nicole Schwartz
