Money

By Brian Fung and Clare Duffy, CNN (CNN) — After a devastating advertiser exodus last week involving some of the world’s largest media companies, X owner Elon Musk is suing the progressive watchdog group Media Matters over its analysis highlighting antisemitic and pro-Nazi content on X — a report that appeared to play a significant

By Donie O’Sullivan and Audrey Ash, CNN (CNN) — Ben Brody says his life was going fine. He had just finished college, stayed out of trouble, and was prepping for law school. Then, seemingly out of nowhere, Elon Musk used his considerable social media clout to amplify an online mob’s misguided rants accusing the 22-year-old

By Oliver Darcy, CNN (CNN) — The White House on Monday joined the social media platform Threads, delivering a boost to Meta’s X competitor as Elon Musk faces backlash for endorsing an antisemitic conspiracy theory. The White House launched its own official account, as well as accounts for the president, first lady, vice president, and second

By Brian Fung, CNN (CNN) — A sudden and seismic leadership crisis at OpenAI has led to a revolving door of CEOs at the artificial intelligence company, with tech entrepreneur Emmett Shear becoming the latest to take the helm on Monday. Just days earlier, OpenAI’s board abruptly ousted then-CEO Sam Altman, installing Chief Technology Officer

By Krystal Hur, CNN New York (CNN) — Microsoft stock reached a record high on Monday after the company said that Sam Altman, former chief executive of OpenAI, will join the company to head its artificial intelligence innovation leg. Shares of the tech behemoth rose 2.1% to an all-time high close of $377.44 on Monday,

By Brian Fung, CNN (CNN) — Tech CEOs are once again being summoned to Congress to testify about their business practices — and this time, the US Marshals Service is getting involved. On Monday, the Senate Judiciary Committee said it had subpoenaed three top social media executives — X CEO Linda Yaccarino, Snap CEO Evan

By Brian Fung, CNN (CNN) — Hundreds of OpenAI staffers are calling for the resignation of the ChatGPT company’s board, and threatening to quit themselves, after a tumultuous weekend that began with the surprise ouster of CEO Sam Altman and ended with Altman being hired by Microsoft. In a letter obtained by CNN, the more

CNN By Alexandra Banner, CNN (CNN) — A few days before Thanksgiving, the White House appears eager to promote dropping prices on everything from gas to the cost of turkeys as many Americans grapple with a holiday cash crush. The push to highlight easing prices comes as the Biden administration has struggled to move the

By Peter Valdes-Dapena, CNN (CNN) — There are lots of electric scooters available today in a huge range of styles and prices. But none of them look like the new Honda Motocompacto. Honda seemingly took design inspiration from Ikea furniture while it’s still in the box. The Motocompacto’s seat, back wheel and handle bars fold

By Hanna Ziady, CNN London (CNN) — Javier Milei won Argentina’s presidential election Sunday on a ticket to overhaul South America’s No. 2 economy and ditch its peso currency in favor of the US dollar. Will the Libertarian’s radical plans see the light of day? Milei’s La Libertad Avanza coalition won the election with nearly

By Brian Fung, CNN (CNN) — A sudden and seismic leadership crisis at OpenAI has led to a revolving door of CEOs at the artificial intelligence company, with tech entrepreneur Emmett Shear becoming the latest to take the helm on Monday. Just days earlier, OpenAI’s board abruptly ousted then-CEO Sam Altman, installing Chief Technology Officer

By Clare Duffy and Oliver Darcy, CNN New York (CNN) — A “groundswell” of advertising executives have urged X chief executive Linda Yaccarino to resign from her role at the embattled social media company in the wake of an advertiser exodus and scrutiny over owner Elon Musk’s antisemitic remarks on the platform, according to marketing industry veteran Lou Paskalis.

By Jordan Valinsky, CNN New York (CNN) — Soccer superstar Lionel Messi is no stranger to breaking records, and he’s about to possibly add another to his list. A set of six jerseys that he wore during last year’s World Cup, which his home country of Argentina won, are being put up for auction by

By Chris Isidore, CNN New York (CNN) — Kyle Vogt, the head of General Motors’ self-driving car unit Cruise, resigned from the company late Sunday. His departure came the day after he apologized to the unit’s employees for problems that led to action from state and federal regulators in the wake of a series of

By Krystal Hur, CNN New York (CNN) — Microsoft stock reached a record high on Monday after the company said that Sam Altman, former chief executive of OpenAI, will join the company to head its artificial intelligence innovation leg. Shares of the tech behemoth rose over 2% on Monday to hit $378.81, before retreating slightly.

By Brian Fung, CNN (CNN) — Hundreds of OpenAI staffers are calling for the resignation of the ChatGPT company’s board, and threatening to quit themselves, after a tumultuous weekend that began with the surprise ouster of CEO Sam Altman and ended with Altman being hired by Microsoft. In a letter obtained by CNN, the more

By Diksha Madhok and David Goldman, CNN New Delhi/New York (CNN) — Microsoft has hired Sam Altman to power up its innovation in artificial intelligence after the co-founder of OpenAI was ousted as CEO in a chaotic boardroom coup on Friday. Meanwhile, the ChatGPT company will get its third CEO in three days. It’s another

By Jeanne Sahadi, CNN New York (CNN) — Given that the S&P 500 fell 3.7% in the third quarter of this year, it’s not surprising that 401(k) account balances followed suit. The average 401(k) balance was down 4% from the second quarter, but is still up 11% from a year ago and up 27% over

By David Goldman, CNN New York (CNN) — Sam Altman is back at OpenAI. Well… he’s back at the OpenAI headquarters in San Francisco, anyway. Whether or not he returns as CEO of the ChatGPT parent company is still up in the air. Posting on X a photo of himself Sunday holding a green guest