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The C-suite bloodbath astonished staffers at the network

ABC News lays off several senior executives amid broader Disney cost-cutting in ‘shock’ to newsroom

By Oliver Darcy, CNN Business ABC News on Thursday stunned staffers, laying off several senior executives and restructuring its newsroom amid a broader workforce reduction being carried out by its parent company Disney, people familiar with the matter told CNN. “Throughout the company, teams are being impacted by the downsizing that was announced several weeks

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The banking crisis that caused US officials to launch emergency interventions is unlikely to have significant direct costs for the federal government.

Banking crisis won’t hurt America’s credit rating unless stress intensifies, Moody’s says

By Matt Egan, CNN The banking crisis that caused US officials to launch emergency interventions is unlikely to have significant direct costs for the federal government, according to Moody’s Investors Service. The credit ratings firm said late Wednesday that at this stage, the biggest bank failures since 2008 are not expected to meaningfully hurt America’s

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An AI policy think tank wants the US government to investigate OpenAI and its wildly popular GPT artificial intelligence product over 'deceptive' behavior.

The FTC should investigate OpenAI and block GPT over ‘deceptive’ behavior, AI policy group claims

By Brian Fung, CNN An AI policy think tank wants the US government to investigate OpenAI and its wildly popular GPT artificial intelligence product, claiming that algorithmic bias, privacy concerns and the technology’s tendency to produce sometimes inaccurate results may violate federal consumer protection law. The Federal Trade Commission should prohibit OpenAI from releasing future

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Abby Grossberg

Ex-Fox producer said she gave misleading testimony in Dominion case ‘to keep my job’

By Marshall Cohen and Kristina Sgueglia, CNN Abby Grossberg, the former Fox News producer who accused the right-wing network of pressuring her into giving misleading testimony in the Dominion defamation case, told NBC News Thursday in her first TV interview that she was “bullied, intimidated and coerced” into protecting the right-wing network to keep her

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China's Premier Li Qiang delivers a speech during the opening of the Boao Forum for Asia in Boao

China ‘confident and capable’ of hitting 2023 growth targets, new premier says at gathering of business leaders

By Laura He, CNN China’s newly minted Premier Li Qiang painted a bullish picture of his country’s economic recovery at a key business forum this week, as Beijing seeks to win the hearts of global investors and economic leaders after emerging from its long pandemic isolation.“The dynamism and momentum of China’s economic growth is strong,”

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