Amazon in Talks to Acquire Israeli AI Startup Decart for $7 Billion

Amazon is reportedly in advanced talks to acquire Israeli artificial intelligence startup Decart for approximately $7 billion, according to sources familiar with the matter cited by The Wall Street Journal. The potential deal could be finalized soon.

Market Reactions and Energy Truce

Asian stock markets opened the week with a mixed performance, accompanied by a sharp decline in oil prices following an announcement by U.S. President Donald Trump regarding an energy ceasefire between Russia and Ukraine.

Brent crude dropped 1.8% to $102.8 per barrel, while WTI fell 2% to $90.0 per barrel. President Trump stated that both countries agreed to halt attacks on each other's energy infrastructure.

Effective immediately, an energy ceasefire goes into effect in the war between Russia and Ukraine. Both parties have agreed. Do not violate it! — Donald Trump wrote on his social media network.

Wall Street and Inflation Data Ahead

New York markets are bracing for a busy week packed with crucial inflation data, including the Consumer Price Index (CPI) for September scheduled for Wednesday, and the Producer Price Index (PPI) on Thursday. Meanwhile, local inflation figures for September in Israel will also be released on Thursday.

Furthermore, the third-quarter earnings season for major U.S. banks kicks off tomorrow, featuring reports from JPMorgan Chase, Goldman Sachs, Wells Fargo, and Citigroup.