Big Business This Week is a guided tour through the biggest market stories of the week, from winning stocks to brutal dips to the facts and forecasts generating buzz on Wall Street. 

OPEN AI SHAKEUP

The big news that broke late in the trading day Friday was the ouster of Open AI CEO and co-founder Sam Altman. In a statement, the board said Altman had not been "consistently candid" in his communications with them. They have replaced him for the time being with CTO Mira Murati. Open AI does not trade on the exchanges, but they've been working very closely with Microsoft to move artificial intelligence forward. The news came as a surprise to many; earlier this month, Altman headlined the company's first developer conference and took the stage with Microsoft CEO Satya Nadella. Microsoft stock did see the impact of the news, with the stock dipping at the very end of the day. It ultimately closed for the week, but just barely. 

BIG BOX MIXED BAG

While Target and Walmart both announced choppy waters in the retail space right now, with shoppers cutting back on unnecessary spending, Wall Street was more willing to embrace the story from one of them. Target shares jumped after its earnings call on Tuesday after it announced a big earnings beat, even though its revenue dropped. Investors were relieved to see the company has stabilized after holding on to too much inventory last year, requiring significant price cuts to move items off of shelves. Walmart reported positive financial results in its earnings report, but its shares dropped. At the end of the week, Target shares were up a whopping 20 percent at the end of the week. Walmart shares were down nearly 7 percent.

BUYING HYUNDAIS VIA AMAZON

Want to order your car on Amazon (along with everything else you need)? The online retailer is trying something new with Hyundai: you'll be able to start buying cars from local dealerships through the platform next year. Amazon won't be selling the cars via their own warehouses; many states have laws requiring purchasers to buy vehicles through dealerships. The news was great for Hyundai which saw its stock jump nearly 12 percent this week. Amazon was up 2 percent for the week.

MACY'S ON PARADE

While Macy's iconic Thanksgiving Day Parade will be televised for all to see next Thursday, the company already drew plenty of eyes on Wall Street this week with its Q3 earnings report. Sales dipped last quarter, but not as much as expected. Even better, they adjusted their guidance up for the rest of the year, causing investors to buy in; the stock was up 33 percent this week. Up next, the department store will be trying to open 30  small locations, which the company hopes will make it easier to put stores closer to more customers.

BIG BOEING BUY

The Dubai Air Show opened this week with a big order for Boeing. Emirates Airlines signed a deal to purchase $52 billion of aircraft from the U.S.-based maker. The stock jumped 4 percent on the news. FlyDubai, Emirates' budget sister-carrier, also signed on for an $11 billion order of its own. Boeing stock ended the week up 2 percent

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Michigan Judge Sentences Walmart Shoplifters to Wash Parking Lot Cars
A Michigan judge is putting sponges in the hands of shoplifters and ordering them to wash cars in a Walmart parking lot when spring weather arrives. Genesee County Judge Jeffrey Clothier hopes the unusual form of community service discourages people from stealing from Walmart. The judge also wants to reward shoppers with free car washes. Clothier says he began ordering “Walmart wash” sentences this week for shoplifting at the store in Grand Blanc Township. He believes 75 to 100 people eventually will be ordered to wash cars this spring. Clothier says he will be washing cars alongside them when the time comes.
State Department Halts Plan to buy $400M of Armored Tesla Vehicles
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Goodyear Blimp at 100: ‘Floating Piece of Americana’ Still Thriving
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Is U.S. Restaurants’ Breakfast Boom Contributing to High Egg Prices?
It’s a chicken-and-egg problem: Restaurants are struggling with record-high U.S. egg prices, but their omelets, scrambles and huevos rancheros may be part of the problem. Breakfast is booming at U.S. eateries. First Watch, a restaurant chain that serves breakfast, brunch and lunch, nearly quadrupled its locations over the past decade to 570. Fast-food chains like Starbucks and Wendy's added more egg-filled breakfast items. In normal times, egg producers could meet the demand. But a bird flu outbreak that has forced them to slaughter their flocks is making supplies scarcer and pushing up prices. Some restaurants like Waffle House have added a surcharge to offset their costs.
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