Financial News: Jan 18 - United States (5 stories)

Here is your Weekly summary for Business & Finance across United States for Mon 12th January - Sun 18th January 2026

Elon Musk is pursuing up to $134 billion in a lawsuit against OpenAI, claiming he deserves compensation as an early investor despite his substantial $700 billion fortune. This case could set a precedent for how returns on investments are calculated in tech startups, highlighting the complexities of investor rights.

In India, tax recovery proceedings against Tiger Global Management are set to resume following a court ruling related to the firm's 2018 Flipkart stake sale. This move underscores the increasing scrutiny of foreign investments and tax compliance in the region.

U.S. stocks saw gains diminish as uncertainty looms over President Trump's hesitance to nominate Kevin Hassett as Federal Reserve chair. Market reactions reflect the ongoing volatility and investor concerns regarding monetary policy direction.

Harold Hamm announced a halt to drilling in North Dakota's Bakken Shale due to declining crude prices, marking a significant shift for a key player in the U.S. shale oil industry. This decision could impact regional employment and production levels, emphasizing the ongoing challenges faced by oil producers.