Money

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

CNN By Eva Rothenberg and Stefano Pozzebon, CNN (CNN) — Libertarian Javier Milei’s victory Sunday in Argentina’s presidential run-off contest has far-reaching consequences for the country’s struggling economy, including the fate of the peso. A political outsider who ran on a promise to “break the status quo,” Milei’s economic platform rested on a desire to

By Eva Rothenberg and Stefano Pozzebon, CNN (CNN) — Libertarian Javier Milei’s victory Sunday in Argentina’s presidential run-off contest has far-reaching consequences for the country’s struggling economy, including the fate of the peso. A political outsider who ran on a promise to “break the status quo,” Milei’s economic platform rested on a desire to dollarize

By Eva Rothenberg, CNN (CNN) — Honda is recalling almost 250,000 vehicles due to a manufacturing error that may damage the engine. According to a notice the automaker filed with the National Highway Traffic Safety Administration on Thursday, a connecting rod bearing in the engines of Acura and Honda models is defective and could cause

By Anna Cooban, Claudia Colliva, Maya Szaniecki and Danielle Wiener-Bronner, CNN London/Paris/New York (CNN) — Jordi Ustrell expects his vineyard’s tinder-dry plants to produce about half of their usual 15,000 bottles of wine this year. “That’s a big loss,” the interim chief executive of Celler Devinssi, a small winery in the Spanish town of Gratallops,

By Alicia Wallace, CNN Minneapolis (CNN) — When Formula 1 racecars rip along the iconic Las Vegas Strip this Sunday, it will serve as another highly visible reminder of a significant shift in the city’s economy. In under a decade’s time, the desert city long known for its casinos, food and live entertainment has become

By Chris Isidore, CNN New York (CNN) — The new labor contracts between the United Auto Workers union and General Motors, Ford and Stellantis will make a big difference in the paychecks of 145,000 autoworkers. It will raise their pay at least 11% immediately, and likely more than 30% over the life of the contract.

By Brian Fung, CNN (CNN) — In a surprise twist after Friday’s unexpected firing of OpenAI CEO Sam Altman, the artificial intelligence leader may be mulling a return. Multiple news reports, including the Wall Street Journal and New York Times, cited anonymous sources who said the board is having second thoughts about the firing and

By Chris Isidore, CNN New York (CNN) — Members of the United Auto Workers union at Ford and Stellantis have ratified their labor deals and by a larger margin of approval than members at General Motors, ending any chance that the auto strikes could resume due to rank-and-file opposition to the deals. The final votes,

By Sergio Padilla, CNN New York (CNN) — Unless you’re an avid currency collector, an employee of the Bureau of Engraving and Printing, or work at the Federal Reserve, you likely didn’t know that last year a record number of $50 bills were printed. Last year, the government printed 756,096,000 of those bills — the highest total of

By Nathaniel Meyersohn, CNN New York (CNN) — Target is testing a new self-checkout policy as retailers are finding the cashier-less technology can put off customers. At a handful of stores, Target has restricted self-checkout to customers buying 10 items or fewer. Customers buying more than that are required to use full-service lanes with cashiers.

By Elisabeth Buchwald, CNN New York (CNN) — After encountering rapid price increases for more than two years, discounts at some stores would certainly feel like a much-needed respite. But business leaders, economists and investment moguls aren’t so gung-ho about it. Tech investor Cathie Wood, founder of ARK Investment Management, told The Wall Street Journal

By Samantha Murphy Kelly, CNN (CNN) — OpenAI, the company behind the viral chatbot ChatGPT, fired its CEO and founder, Sam Altman, on Friday. His stunning departure sent shockwaves through the budding AI industry. The company, in a statement, said an internal investigation found that Altman was not always truthful with the board. “Mr. Altman’s

By Brian Fung, Clare Duffy and Samantha Delouya, CNN (CNN) — A torrent of prominent brands halted their advertising on X on Friday, dealing a massive reputational blow to Elon Musk’s social media company after his public embrace this week of an antisemitic conspiracy theory favored by White supremacists. The high-profile advertiser revolt includes some

By Catherine Thorbecke, CNN New York (CNN) — Amazon is once again doubling down on its return-to-office mandate, warning staff that not complying could impact their chances of being promoted. Employees who don’t regularly work in an office at least three days a week will find that any potential promotion will be subject to an

By Matt Egan, CNN New York (CNN) — The last time it was this cheap to travel by car for Thanksgiving, almost no one was on the roads. Just in time for the Thanksgiving holiday travel rush, gas prices are tumbling fast. The national average price of regular gasoline is down by 55 cents a

By Anna Cooban, CNN London (CNN) — Shares in Volvo Cars tumbled as much as 13% Friday to hit a record low after its biggest shareholder Geely sold part of its stake at a discount to the market value. China’s largest privately owned carmaker said it had taken the decision to sell 100 million Volvo