Sam Altman is back at the helm of OpenAI, days after the board abruptly ousted him. Almost everything else is still in flux. The deal struck Tuesday night to restore Altman as…
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Bob Iger says he ‘was not seeking to return’ as Disney CEO
““I was disappointed in what I was seeing while I was out. I was not the only one who had concerns about [Bob] Chapek. So was the board.”” — Bob Iger That’s…
Tesla’s stock fought the downtrend and the downtrend won, for now
Shares of Tesla Inc. climbed enough Wednesday to evaluate a key chart level, but then pulled back as bulls failed to make any progress. That failure means the downtrend, that has kept…
Our Updated Guide to OpenAI, Sam Altman, What Happened and What’s Next
Updated Nov. 25, 2023 8:44 am ET In the past week, Sam Altman was fired as CEO of OpenAI, stumbled in a coup to return and then finally secured his old job…
Sam Altman officially back as OpenAI CEO, Microsoft gets non-voting board seat
After one of the more dramatic few weeks in recent corporate history, OpenAI co-founder Sam Altman is officially its chief executive again. The AI startup behind ChatGPT announced Altman’s return before Thanksgiving,…
Occidental Petroleum in Talks to Buy Permian Producer CrownRock
Occidental Petroleum is in talks to buy CrownRock, a major energy producer in the west Texas area of the Permian basin, continuing a frenzy of deal making in the oil patch. A…
OpenAI’s New Board Takes Over and Says Microsoft Will Have Observer Role
OpenAI’s new board formally took over on Wednesday and said it would add an observer role for partner Microsoft, capping a dramatic chapter for the artificial-intelligence startup and launching a new phase…
Favoring 5% savings accounts and CDs over stocks now? Think again.
Perhaps the Federal Reserve is finished raising interest rates, and perhaps the first rate cuts are just months away. Still, it’s been a good ride for savers and risk-averse cash investors as…
The Price Is Wrong for Housing
Nov. 28, 2023 10:34 am ET Lower rates would make U.S. houses more affordable, just not affordable enough. The pandemic set off a flurry of demand for housing. Americans’ newfound desire for…
S&P 500 Edges Higher, Building on November Gains
The S&P 500 edged higher Tuesday, lifted by rising tech stocks and consumer-focused shares. The broad U.S. stock index is on pace to end November with its best monthly performance since July 2022,…