Wal-Mart Raises Wages, and Bitcoin Plunges on S. Korean Ban Talks
Wal-Mart announced it would raise its starting wage to $11 an hour, thanks to the newly passed tax reform. The company will also expand maternity and paternal leave benefits and give some employees a $1,000 one-time bonus.
And South Korean regulators say they may ban trading in Bitcoin, sending the price of cryptocurrencies plunging. Officials raiding exchanges in the country over tax evasion.
Plus we spoke to one of the original designers of the iPhone to get his thoughts on what Apple can do to stave off smartphone addiction. And Hyundai makes an investment in Singapore's Grab to get into the southeast Asian ride-hailing market
Microsoft has announced that it's hired Sam Altman and another co-founder of ChatGPT maker OpenAI after they unexpectedly departed the company days earlier in a corporate shakeup that shocked the artificial intelligence world.
Many factors lie behind the disconnect, but economists increasingly point to one in particular: The lingering financial and psychological effects of the worst bout of inflation in four decades.
Advertisers are fleeing social media platform X over concerns about their ads showing up next to pro-Nazi content, hate speech on the site in general or billionaire owner Elon Musk’s own posts endorsing an antisemitic conspiracy theory.
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.
The board of ChatGPT-maker Open AI said Friday it has pushed out its co-founder and CEO Sam Altman after a review found he was “not consistently candid in his communications” with the board.
