Makers of refrigerators, boats and teeth straighteners say US consumers are no longer buying big-ticket items, per Bloomberg. Manufacturers of various goods, from refrigerators to dental aligners, are reporting a shift in consumer behavior, indicating a reluctance to make significant purchases, contrary to broader economic spending trends. This cautious approach

The US Department of Veterans Affairs has asked mortgage servicers to halt foreclosures on veterans through May 2024, per Bloomberg. This six-month suspension aims to facilitate the implementation of a new program, introduced by the White House in October, targeting veterans behind on mortgage payments but ineligible for conventional home

81% of full-time workers want a 4-day work week – and they’re willing to make sacrifices to get it, per CNBC. Over 75% of U.S. workers say they could complete the same amount of work in 4 days rather than 5, per CNBC. Owl Labs' "State of

Binance's CZ, their CEO, is stepping down The U.S. has charged Binance, the world's largest cryptocurrency exchange, with violating sanctions and money-transmitting laws, leading to a $4.3 billion settlement. Changpeng "CZ" Zhao, the founder and CEO, pleaded guilty to associated charges and

OpenAI's new CEO, Emmett Shear, who was appointed yesterday, is in talks to resign. Sam Altman, members of the OpenAI board, and the company’s interim CEO are currently engaged in negotiations, exploring the potential reinstatement of the ousted co-founder and CEO at the AI startup. The discussions

Elon Musk says the risk of advanced AI is so high that the public needs to know why OpenAI fired Sam Altman, per Elon. OpenAI announced Altman's termination on Friday, stating only that the company, the creator of ChatGPT, "no longer has confidence in his ability to

If your iPhone battery life seems like it’s getting worse, that’s because it is, per CNBC. There’s a simple explanation. If you’ve owned your iPhone — or any phone — for more than a year or so and plugged it in daily, it typically begins to lose its

Elon Musk's brain chip startup Neuralink has reportedly received interest from thousands of potential patients, per BI. Numerous individuals are reportedly expressing interest in becoming recipients of one of Neuralink's initial brain chips. Founded by Elon Musk in 2016, Neuralink focuses on developing a brain-computer interface

Biden has forgiven $127 billion in student loan debt, per Bloomberg. President Joe Biden's ambitious plans to cancel up to $400 billion in student debt for millions of Americans faced setbacks at the Supreme Court over the summer. Despite this, Biden has successfully eliminated $127 billion in student

Gen Z and millennial adults are having a hard time achieving the same milestones their parents did when they first ventured out into the workforce, such as finding a job, getting promoted or buying a house, per CNBC. Gen Z and millennial adults are encountering challenges in reaching the same

700 of 770 OpenAI employees saying they will leave the company now unless changes met, per Bloomberg. OpenAI is currently experiencing widespread dissent, with over 730 employees signing an open letter threatening to resign unless the board steps down and reinstates Sam Altman as CEO, along with cofounder and former

In a recent development at OpenAI, Sam Altman, who co-founded the company in 2015, will not be resuming his role as CEO. This decision follows intense discussions with the board of directors, which terminated his position last Friday, and consultations with other key figures and investors in the company. Ilya

US President Joe Biden and Chinese counterpart Xi Jinping went on a one-on-one stroll on the grounds of the Filoli estate south of San Francisco, per Bloomberg. Later, that day: "After today, would you still refer to President Xi as a dictator?" asks a reporter. "Look, he

In last 24 hours, these groups have stopped advertising on X, per NYT: - Apple, $AAPL - Disney, $DIS - Paramount, $PARA - Lionsgate - IBM, $IBM - Comcast, $CMCSA - NBC Universal - The European Commission Apple is following the lead of advertisers like IBM and the European Commission,

Sam Altman was been looking to raise tens of billions of dollars from Middle Eastern sovereign wealth funds to create an AI chip startup to compete with processors made by Nvidia, $NVDA, before being fired, per Bloomberg. Upon announcing Sam Altman's departure, the OpenAI board also disclosed that

OpenAI board, $MSFT, is in discussions with Sam Altman to return as CEO after being fired yesterday, per the Verge. The OpenAI board is currently engaged in discussions with Sam Altman about his potential return as CEO, as per information from multiple sources familiar with the situation. One source mentioned

Apple, $AAPL, to pause advertising on X, per Axios. Apple is following the lead of advertisers like IBM and the European Commission, which have paused ads on X due to a rise in on-platform antisemitism. According to research from the Center for Countering Digital Hate, X has been ineffective in

Citigroup plans to announce major lay-offs Monday. Citigroup is set to initiate layoffs as part of CEO Jane Fraser's corporate restructuring efforts, according to sources familiar with the matter. Employees affected by the layoffs will be notified starting Wednesday, with further announcements expected daily through early next week.

Sam Altman to leave OpenAI, with Chief technology officer Mira Murati appointed interim CEO.. "Mr. Altman's departure follows a thorough review process by the board, which determined that he did not consistently provide transparent communication, impeding the board's ability to fulfill its responsibilities. The board

Xi Jinping needs US capital because of mistakes at home that have hurt China’s economic growth, per Japan's US ambassador, per Bloomberg. "President Xi is desperate for American investment because he has made a series of economic decisions and political decisions — arresting people — where capital is

Warren Buffett privately traded in stocks that Berkshire Hathaway was buying and selling, per ProPublica. Warren Buffett is alleged to have engaged in stock trading within his personal account that mirrored the transactions conducted by his conglomerate, Berkshire Hathaway, as reported by ProPublica on Thursday. The nonprofit news outlet, drawing

Delinquent commercial real estate loans at US banks have hit their highest level in a decade, per FT. In October, MarketWatch said: Banks are bracing for a recession. "There is currently no obstacle preventing higher Treasury yields," states Kathy Jones, Chief Fixed-Income Strategist at Schwab Center for Financial

40% of under 30s received family money for down payment, per Redfin. A striking 38% of recent homebuyers under the age of 30 utilized either a cash gift from a family member or an inheritance to secure the funds for their down payment, as revealed by a Spring 2023 survey

Employers have seen an uptick in older people applying for entry-level positions, per FP. Employers are observing a rise in the number of seniors applying for entry-level positions. According to a report from Express Employment Professionals on September 27, about 79% of respondents in a recent survey noted an increase