Economy

At an all-hands meeting Thursday, OpenAI CEO Sam Altman denied that there are plans for him to receive a “giant equity stake” in the company, calling that information “just not true,” according to a person who was in attendance. Altman and finance chief Sarah Friar both said at the meeting, conducted by video, that investors […]

The Nasdaq Market site is seen on the day that shares of Truth Social and Trump Media & Technology Group start trading under the ticker “DJT”, in New York City, U.S., March 26, 2024. Shannon Stapleton | Reuters United Atlantic Venturesa significant shareholder in Trump Media has sold nearly 11 million shares in the company […]

Federal prosecutors have honed in on ties between New York City Mayor Eric Adams and little-known Turkish businessman Enver YucelCNBC has learned from the indictment and other public records, including campaign finance documents. A federal indictment unsealed on Thursday describes a 2021 campaign fundraising scheme involving Adams, his team and a person only identified in the indictment […]

Rep. Matt Gaetz, R-Fla., leaves the U.S. Capitol after the House voted on the Spending Reduction and Border Security Act, Sept. 29, 2023. The measure failed to pass. Tom Williams | CQ-Roll Call, Inc. | Getty Images Rep. Matt Gaetz said Thursday that he has learned the House Ethics Committee will subpoena him as it […]

Global chip makers are in focus amid a boom in artificial intelligence applications. Sefa Ozel | E+ | Getty Images Global chip stocks rallied on Thursday after U.S. memory semiconductor maker Micron posted revenue guidance that topped expectations and boosted its share price. Micron forecast revenue for its quarter ending at the end of November […]

A Southwest Airlines Boeing 737-700 aircraft lands at Ronald Reagan Washington National Airport in Arlington, Virginia, on May 7, 2023. Nicolas Economou | Nurphoto | Getty Images DALLAS— Southwest Airlines executives on Thursday outlined for Wall Street their vision to boost profits: extra legroom seats starting in 2026, assigned seating, international partnerships and overnight flights. […]

The DOJ’s indictment includes photos of classified documents found at former President Donald Trump’s Mar-a-Lago residence.DOJDonald Trump was hit Thursday night with three new federal criminal charges, and a third defendant was added to the case where the former president already was accused of dozens of felonies related to retaining classified documents at his Florida… […]

The market for vehicle and home batteries is expanding exponentially, but there’s another battery opportunity that’s just getting off the ground.Giant factories that produce textiles, food, chemicals and cement require massive amounts of energy. They can use power from wind and solar, but because those sources of energy are intermittent and not always nearby, they… […]

Thilina Kaluthotage | Nurphoto | Getty ImagesFor all the blame Facebook has received for fostering extreme political polarization on its ubiquitous apps, new research suggests the problem may not strictly be a function of the algorithm.In four studies published Thursday in the academic publications Science and Nature, researchers from several institutions including Princeton University, Dartmouth… […]

Wong Yu Liang | Moment | Getty ImagesThe semiconductor shortage that affected everything from cars to games consoles during the height of the Covid-19 pandemic has turned into a chip glut — and some of the world’s biggest chipmakers are taking a hit.Semiconductors are tiny components that are integral to a slew of products including… […]