Market Chatter: OpenAI Hires Cursor's McCarthy as Sales Chief, Poaches Two Snowflake Sales Executives

MT newswire2026/09/18 18:38

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02:38 PM EDT, 09/18/2026 (MT Newswires) -- Microsoft-backed (MSFT) OpenAI has hired Brian McCarthy as its new global sales chief and added two veteran sales executives from Snowflake (SNOW), The Information reported Friday, citing the companies. McCarthy previously worked at SpaceX's (SPCX) Cursor unit, the report said. Meanwhile, Snowflake told employees Thursday that Mark Fleming, senior vice president of sales for its Americas Enterprise unit, and Jaime Patel, vice president of sales engineering for North America Enterprise, are departing for OpenAI, the report said, citing an email. OpenAI and Snowflake did not immediately respond to MT Newswires requests for comment. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.) Price: 495.26, Change: -2.50, Percent Change: -0.50

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According to data from the US Department of the Treasury, in the 12 months ending July this year, overseas investors made net purchases of US stocks totaling $942 billion, marking the highest rolling 12-month total since records began in 1985. The net purchases in the second quarter alone reached $426 billion, setting a new single-quarter record. Meanwhile, overseas demand for US Treasuries has noticeably cooled, with purchase volumes falling significantly. As a result, the US is facing higher costs in government debt financing.

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