By Paul R. La Monica and Nathaniel Meyersohn, CNN The end could be near for struggling retailer Bed Bath & Beyond, as it warned in a regulatory filing Thursday that it received a notice of default from its lender, JPMorgan Chase. Shares of Bed Bath & Beyond (BBBY) plunged more than 20% on the news,
Continue Reading By Clare Duffy, CNN Former president Donald Trump could soon make a return to Facebook, Instagram and Twitter, and reach the massive audiences on each, now that the companies behind those platforms have restored access to his accounts. But that could just be the start. The decisions by Twitter and now Facebook-parent Meta to bring
Continue Reading By Oliver Darcy, CNN Business BuzzFeed said Thursday that it will work with ChatGPT creator OpenAI to use artificial intelligence to help create content for its audience, marking a milestone in how media companies implement the new technology into their businesses. Jonah Peretti, the company’s co-founder and chief executive, told employees in a memo that
Continue Reading By Oliver Darcy, CNN Over the holidays, while most media executives were perhaps looking to get a reprieve from work, Jonah Peretti was online, fully immersed in experimenting with artificial intelligence. The BuzzFeed co-founder and chief executive, who has always raced to test out the latest technologies, was familiar with AI and predictions of how
Continue Reading By Samantha Murphy Kelly, CNN Business ChatGPT is smart enough to pass prestigious graduate-level exams — though not with particularly high marks. The powerful new AI chatbot tool recently passed law exams in four courses at the University of Minnesota and another exam at University of Pennsylvania’s Wharton School of Business, according to professors at
Continue Reading By Samantha Murphy Kelly, CNN Business ChatGPT is smart enough to pass prestigious graduate-level exams — though not with particularly high marks. The powerful new AI chatbot tool recently passed law exams in four courses at the University of Minnesota and another exam at University of Pennsylvania’s Wharton School of Business, according to professors at
Continue Reading By Samantha Murphy Kelly, CNN Business ChatGPT is smart enough to pass prestigious graduate-level exams — though not with particularly high marks. The powerful new AI chatbot tool recently passed law exams in four courses at the University of Minnesota and another exam at University of Pennsylvania’s Wharton School of Business, according to professors at
Continue Reading By Oliver Darcy, CNN Dotdash Meredith, the publisher that houses well-known brands such as People, Better Homes & Gardens, InStyle, Travel + Leisure, and others, will lay off 7% of its staff, the company’s chief executive said Thursday. It’s the latest example in a brutal wave of layoffs that have consumed the media and technology
Continue Reading Samantha Beech, CNN The chief executive of the Madison Square Garden Entertainment Corporation has doubled down on using facial recognition at its venues to bar lawyers suing the group from attending events. Speaking to Fox 5 on Thursday, MSG Executive Chairman and CEO James Dolan said Madison Square Garden is a private company and therefore
Continue Reading By Allison Morrow, CNN Newly unsealed bankruptcy documents revealed thousands of creditors to whom FTX owes money after the once-mighty crypto exchange collapsed in November. Wall Street heavyweights including Goldman Sachs and JPMorgan were named in the creditor list, which includes businesses, charities, individuals and other entities in a 116-page document filed late Wednesday. FTX
Continue Reading By Anna Bahney, CNN Mortgage rates fell slightly this week, staying almost flat ahead of the Federal Reserve’s closely watched interest rate-setting meeting next week. The 30-year fixed-rate mortgage averaged 6.13% in the week ending January 26, down from 6.15% the week before, according to data from Freddie Mac released Thursday. A year ago, the
Continue Reading By Samantha Murphy Kelly, CNN Business ChatGPT is smart enough to pass prestigious graduate-level exams — though not with particularly high marks. The powerful new AI chatbot tool recently passed law exams in four courses at the University of Minnesota and another exam at University of Pennsylvania’s Wharton School of Business, according to professors at
Continue Reading By Chris Isidore, CNN If airlines are to avoid repeats of recent service problems, they’ll need to have a lot more back-up in place, according to United CEO Scott Kirby. “You can’t run an airline like it’s 2019, and the reason is because the system is just stressed to the max,” Kirby told CNN’s Christine
Continue Reading By Jordan Valinsky, CNN DirecTV has dropped Newsmax, a right-wing TV network, from its channel lineup over a carriage fee dispute. In a statement, DirecTV said it wanted to “continue to offer the network,” but the channel’s demands for carriage fee increases would have led to “significantly higher costs that we would have to pass
Continue Reading By Alicia Wallace, CNN The US economy expanded again during the fourth quarter, registering solid growth to end 2022 even as consumers and businesses battled historically high inflation and rising interest rates. Gross domestic product — the broadest measure of economic activity — increased at an annualized rate of 2.9% from October to December last
Continue Reading By Nicole Goodkind, CNN Wall Street analysts are holding their breath and crossing their fingers this morning as they await gross domestic product numbers for the final quarter of 2022. Traders have recently been celebrating dismal economic news in the hopes that it will prompt the Federal Reserve to pivot away from rate hikes and
Continue Reading By Alicia Wallace, CNN A week that has been chock-full of economic data will be capped off Friday morning with the first US jobs report of 2023. Economists estimate that 185,000 positions were likely added in January, according to Refinitiv. That would be a considerable drop from the 504,000 jobs added in January 2022 and
Continue Reading By Chris Isidore, CNN Southwest Airlines reported a loss for the fourth quarter because of the company’s service meltdown over the holiday travel season, and it warned the costs from those problems will result in another loss in the first quarter. The airline was forced to cancel more than 16,700 flights between December 21 and
Continue Reading By Chris Isidore, CNN If airlines are to avoid repeats of recent service problems, they’ll need to have a lot more back-up in place, according to United CEO Scott Kirby. “You can’t run an airline like it’s 2019, and the reason is because the system is just stressed to the max,” Kirby told CNN’s Christine
Continue Reading By Michelle Toh, CNN Toyota’s longtime president and CEO Akio Toyoda is stepping down and handing over the reins of the world’s largest automaker to Lexus chief Koji Sato. The Japanese company announced the shakeup Thursday, saying that Toyoda would be appointed chairman of the board as Sato takes over daily management. Takeshi Uchiyamada, Toyota’s
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