OpenAI’s Sam Altman exits as CEO because ‘board no longer has confidence’ in his ability to lead
OpenAI’s board of directors said Friday that Sam Altman will step down as CEO and that technology chief Mira Murati will become interim CEO.
Financial News
ECB’s Lagarde: Increasing signs that the global economy is fragmenting into competing blocs
European Central Bank President Christine Lagarde said that Europe is now at a critical juncture.
Xi says U.S. and China can only be adversaries or partners, with no middle ground
Chinese President Xi Jinping told U.S. business executives Thursday the two countries have to choose between being adversaries or partners.
Russia relishes divisions between China and the U.S., pouring cold water on Xi-Biden talks
Russia is attempting to make the APEC summit, and talks between Xi and Biden, look like a diplomatic and geopolitical failure.
Airlines are feeling the impact of the Israel-Hamas war, with bookings already hit
In the days following the Oct. 7 terrorist attack, flight bookings to the Middle East plunged, according to ticketing data.
UK Interior Minister Suella Braverman fired after she accused London police of political bias
U.K. Prime Minister Rishi Sunak on Monday reportedly fired controversial Interior Minister Suella Braverman as he begins a reshuffle of his top cabinet.
Novo Nordisk’s weight loss drug Wegovy slashes risk of serious heart events
The findings could expand use of Wegovy and help Novo maintain its lead over Eli Lilly, whose competing weight-loss drug Zepbound was just approved in the U.S.
Ripple CEO says SEC has lost sight of mission to protect investors
Ripple CEO Brad Garlinghouse said he hopes the U.S. will move beyond crypto regulation by litigation to a point where federal laws are introduced by Congress.
Russia is turning increasingly hostile toward Israel as it picks sides in the Middle East
Russia has started to abandon its more neutral stance to the Israel-Hamas war and is becoming openly critical and hostile toward Israel.
UBS shares rise 4% as market focuses on strong underlying profit
UBS on Tuesday reported a bigger-than-expected third-quarter net loss of $785 million as it works to integrate fallen rival Credit Suisse.