Just as Hollywood's writers and studios reached a tentative deal to return to work after nearly 150 days, a new strike was brewing. More than 75,000 …
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2023: Year in Business
The past year has been marked by mass union strikes, worries about AI, along with CEO downfalls and comebacks. Pessimistic consumers are still spending, and high inflation with low unemployment has been vexing economists. Here are some of the top business stories of 2023.
Strikes, AI, and Bank Collapses
Sam Bankman-Fried, who once ran one of the world's biggest cryptocurrency exchanges, has been found guilty of fraud and money laundering at the end of a month-long trial in New York. The jury delivered its verdict after less than five hours of deliberations. It concludes a stunning fall from grace …
WASHINGTON (AP) — The solid hiring revealed in Friday’s jobs report for November, along with a raft of other recent economic data, is boosting hopes that the U.S. economy will achieve a “soft landing” next year rather than a widely feared recession. A so-called soft landing would occur if the …
Sam Altman is returning to OpenAI as its chief executive, the high-profile AI startup said Wednesday, a dramatic reversal that caps an intense five days of discussions, debates and convincing following the sudden dismissal of Altman last week from the startup he co-founded. OpenAI, which is the most …
Even longtime observers of the unpredictable Elon Musk were stunned by his remarks last week onstage at the New York Times DealBook Summit with journalist Andrew Ross Sorkin. In response to an advertising boycott that has been growing, Musk told companies: "Don't advertise" — before saying …
Argentina on Tuesday announced a sharp devaluation of its currency and cuts to energy and transportation subsidies as part of shock adjustments new …
Taylor Swift‘s huge year just claimed a new record: Her “Eras” Tour generated an estimated $1.04 billion in gross ticket sales — the first tour to …
London CNN — On March 10, the biggest failure of a US bank since the global financial crisis was playing out in real time as a major lender to the tech industry succumbed to a classic bank run. Silicon Valley Bank’s customers were frantically pulling their money from the California-based lender …
Florida Gov. Ron DeSantis wants out of his legal battle with Disney, according to court records filed by his attorneys this week. The mass media company in April sued the Republican presidential candidate for taking away its ability to self-govern the 25,000-acre site of its Walt Disney World …
Even as the market for crypto and gaming PC GPUs has cooled, the AI gold rush sees Nvidia selling shovels at just the right time. Nvidia temporarily became a $1 trillion company on Tuesday morning, with its rising valuation fueled by tech companies big and small racing to add generative artificial …
Additional Reading
Mortgage rates dropped below 7% this week, marking a rapid descent since peaking near 8% roughly two months ago, per Freddie Mac's weekly data. Why it …
