Business
All the latest news stories about the business world: mergers, IPOs, trends, personalities, and more
New Mexico Jury Hands Meta Historic $375M Loss in Child Safety Case
A Santa Fe jury found Meta liable on all counts, including willfully engaging in “unfair and deceptive” and “unconscionable” trade practices.
OpenAI Kills Sora, Blowing Up Its $1 Billion Disney Deal
Just six months after Sora launched and quickly went viral, OpenAI is shutting down the AI video app as it pulls back on costs ahead of a potential IPO.
Santa’s Favorite Employer May Be Amazon as It Plans to Hire 250k
Amazon is sticking to its holiday hiring streak, announcing it will bring on 250,000 workers, matching its seasonal hires from the past two years.
Air Traffic Controllers Work Without Pay as Shutdown Takes Off
U.S. air traffic controllers have only received partial pay and could miss their next paycheck entirely if the government shutdown continues for two more weeks.
Wood You Believe It? “Superwood” Stronger Than Steel
A U.S. company called InventWood has developed “Superwood,” a revolutionary material that boasts up to 10 times the strength-to-weight ratio of steel.
Rently’s Self-Touring Tech and the Gen Z Shift Away from Ownership
Rently CEO Merrick Lackner shares how self-touring and smart tech are transforming renting and why Gen Z is choosing flexibility over homeownership.
Elon Musk And X Settle $128 Million Severance Dispute
Elon Musk and X have settled a lawsuit with former Twitter executives over $128 million in severance allegedly unpaid since Musk’s 2022 acquisition of Twitter.
OpenAI And Broadcom Team Up for AI Chip Powerhouse
OpenAI has partnered with Broadcom to develop 10 gigawatts of custom AI chips and systems, which will consume as much electricity as a large city.
Wall Street Whiplash: Bill Mann Breaks Down Last Friday's Market Mayhem
Motley Fool’s Bill Mann unpacks October 10th's market chaos, what triggered it, and where smart investors should look next. Don’t miss his expert insight!
Investors Shift 401(k) Allocations to Bonds, Cash in September
In September, investors redirected their 401(k) plan allocations from stocks to bonds and cash, as analyzed by Alight, a retirement plan administrator.
Goldman Sachs Acquires Industry Ventures in $965 Million Deal
Goldman Sachs has announced its acquisition of Industry Ventures, a venture capital firm with $7 billion in assets, for $665 million in cash and equity.
