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The Latest Breaking News on Business

Archives: October 2024

Excerpts from Reason's vaults

Reason

Sam Altman says it’s relentless and all-consuming to run OpenAI teams after shock CTO departure

“I obviously won’t pretend it’s natural for this one to be so abrupt, but we are not a normal company,” Altman told staff in a letter he posted on social media.

Fortune

Intel's share of the discrete GPU market drops to 0% as sales in the overall market increase

Jon Peddie Research: shipments of desktop graphics cards increase in Q2 2024, Nvidia dominates sales.

Tom’s Hardware

From analysis to the latest developments in health,
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How Is Jabil’s Stock Performance Compared to Other Technology Stocks?

While Jabil has underperformed its industry peers over the past year, analysts seem extremely bullish about the stock's outlook.

Barchart

Bitcoin Hits $65K – Why Is $BTC Up Today?

Bitcoin has had a rough few weeks following two market bloodbaths last month, but this week has been good for the digital currency, allowing the crypto coin to pass the $65,000-mark late on Thursday.

International Business Times

Will 2025 Social Security COLA increases be enough for retirees?

Many are finding that COLAs aren’t enough for Social Security to keep pace with inflation.

The Street

Struggling retailer closes more stores in Chapter 11 bankruptcy

Discount home goods retailer will close over four dozen more stores through its bankruptcy case.

The Street

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Dave Ramsey warns home buyers on a ‘nightmare’ you can avoid

The personal finance author explains a real estate mistake not to make.

The Street

Google hails move to Rust for huge drop in memory vulnerabilities

Google's use of memory safe programming languages has led to an unprecendented drop in vulnerabilities

TechRadar

Boeing and union negotiators set to meet for contract talks 2 weeks into worker strike

The union representing Boeing’s striking factory workers in the Pacific Northwest says it expects to resume negotiations with the company on Friday

The Independent UK

People Are Eating Out Less, Cooking At Home More: Report

As inflation eases, consumers are finding better prices in the grocery aisles

International Business Times

Home Depot founder Bernard Marcus’s net worth: From fired CEO to entrepreneur

Home Depot founder Bernard Marcus started the home improvement retailer in 1978. Here’s what he’s worth almost half a century later.

The Street

Tesla Sales Slump Won't Stop Record U.S. EV Sales In Q3

Tesla Model 3 and Model Y sales are sinking. Despite that, nearly 340,000 EVs are expected to be sold in Q3.

InsideEVs

Nancy Pelosi's Husband Raises Eyebrows With Massive Well-Timed Sale Of Visa Shares

California Democratic Rep. Nancy Pelosi's husband sold Visa stock worth up to $1 million less than three months before the Department of Justice sued the financial institution for allegedly monopolizing the U.S. debit card market.

International Business Times

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International Business Times

Disney+ Cracks Down On Password Sharing

The company said users outside a household will have to sign up and pay for their own subscription.

Investors Business Daily

Southwest Airlines Rockets On Hiked Guidance, Buyback Plan

Southwest Airlines revealed a new financial strategy, business improvements and raised its outlook. Airline stocks rocket.

Top News

Ports Seek Federal Intervention Amid Looming Strike Deadline

Impending strike at major U.S. ports due to contract disputes, potentially disrupting operations and impacting the economy.

International Business Times UK

45% Americans Could Run Out Of Money In Retirement Despite Financial Planning: 4 Mistakes To Avoid

Americans who have saved their entire lives in retirement plans face the risk of going broke in their golden years because many deplete their funds severely through premature withdrawals and lack proper tax planning for post-retirement income.

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International Business Times

Harris Proposes 'America Forward' Plan, Offers Tax Credits To Boost Domestic Manufacturing

Positioning herself as a "capitalist" who believes in "free and fair markets," Harris said her policies are pragmatic rather than ideologically driven.

Barchart

How Is Bath & Body Works' Stock Performance Compared to Other Retail Stocks?

Bath & Body Works has underperformed other retail stocks over the past year, yet analysts remain moderately bullish about the stock’s potential.

Barchart

Is Bunge Global Stock Underperforming the Dow?

Bunge Global has struggled to keep up with the Dow Jones index over the last year and analysts are cautiously optimistic regarding the stock's potential.

The Independent UK

Home cookin': Diners skipping restaurants and making more meals at home as inflation trend inverts

Eating in is in and eating out is out

Barchart

Is J. M. Smucker Stock Underperforming the Dow?

J. M. Smucker has underperformed the Dow Jones Industrial Average over the past year, yet analysts remain cautiously bullish about the stock’s prospects.

Salon

Kushner's Saudi ties under scrutiny

Sen. Ron Wyden, chairman of the Senate Finance Committee, said Kushner's investment firm may pose a security risk

The Guardian - US

OpenAI CTO Mira Murati says she’s leaving firm to do her ‘own exploration’

Chief technology officer had taken over the ChatGPT maker when its board ousted CEO Sam Altman in November

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