Microsoft hires Sam Altman and OpenAI’s new CEO vows to investigate his firing
The developments Monday come after a weekend of drama and speculation about how the power dynamics would shake out at OpenAI.
Associated Press
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Why do Americans feel gloomy about the economy despite falling inflation, low unemployment?
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.
Ford and Stellantis workers approve contract settlement that ended UAW strikes
The United Auto Workers union overwhelmingly ratified new contracts with Ford and Stellantis, that along with a similar deal with General Motors will raise pay across the industry, force automakers to absorb higher costs and help reshape the auto business.
Haitian immigrants sue Indiana over law that limits driver’s license access to certain Ukrainians
The five plaintiffs say the law passed this year is discriminatory and unconstitutional, and they asked the court to strike down the law’s provision that limits its scope to people from Ukraine.
Union workers at Stellantis, Ford on verge of ratifying deals
With the deals set to be approved, workers at Ford and Stellatis will join counterparts at General Motors in ratifying the record contracts, ending a contentious labor dispute that brought a punishing series of strikes over six weeks.
Harbaugh to serve out suspension after settlement with Big Ten
Jim Harbaugh, a former quarterback for the Indianapolis Colts, was suspended last Friday by the Big Ten Conference, three weeks after an investigation by the Indianapolis-based NCAA into the sign-stealing allegations emerged.
Amazon to allow customers to buy cars on its site from local car dealers
The announcement on Thursday shows Amazon’s ambitions to grow its footprint through dealers in an industry that has strong lobbying forces and heavy state regulations.
General Motors seals deal with UAW workers in closer-than-expected vote
The outcome was closer than expected after the UAW’s celebrations of victories last month on many key demands that led to six weeks of targeted walkouts against GM, Ford and Stellantis.
Averting government shutdown, Congress OKs temporary funding until January
The Senate met into the night to pass the bill with an 87-11 tally and send it to President Joe Biden for his signature one day after it passed the House on an overwhelming bipartisan vote.
UPDATE: Autoworkers to wrap up tight vote on GM contract on Thursday
The outcome of the GM vote is uncertain, despite the UAW’s celebrations of victories last month on many key demands that led to six weeks of targeted walkouts against GM, Ford and Stellantis.
Energy Department tries to boost battery industry with another $3.5B in funding
The Energy Department estimates demand for lithium batteries will increase up to 10 times by 2030.
U.S. House votes overwhelmingly to prevent government shutdown
New Republican Speaker Mike Johnson was forced to reach across the aisle to Democrats when hard-right conservatives revolted against his plan.
Advocates say White House slow to act as millions booted off Medicaid
If trends continue, as many as 30 million people could end up being dropped from Medicaid. The numbers dwarf the Biden administration’s initial projections.
Andretti’s Formula One effort boosted by GM plan to supply engines
General Motors said Tuesday it has registered with Formula One’s governing body to become an engine supplier starting in 2028 in what is seen as a huge boost to Michael Andretti’s bid to join the global motorsports series.
Supreme Court adopting code of ethics, but has no means of enforcement
The policy, agreed to by all nine justices, does not appear to impose any significant new requirements and leaves compliance entirely to each justice.
Stellantis to offer buyout, early retirement packages to 6,400 nonunion salaried workers
The automaker, formed in the 2021 merger of Fiat Chrysler and PSA Peugeot of France, said it is taking the action “to protect our operations and the company.”
Businesses push back on new rule that could make it easier to unionize
Critics say the new rule is an overreach by the labor-friendly Biden administration that undermines independent business owners. Some—including the American Hotel and Lodging Association—have already sued to block it.
Obesity drug cut risk of serious heart problems by 20%, study finds
The research is the first to document that an obesity medication can not only pare pounds, but also safely prevent a heart attack, stroke or a heart-related death in people who already have heart disease—but not diabetes.
First-of-a-kind nuclear project terminated in blow to Biden’s clean-energy agenda
Indiana lawmakers passed a law in 2022 that would allow electric utilities to build small modular reactors similar to the one called off by NuScale.
Powell reinforces Fed’s cautious approach toward further interest rate hikes
At the same time, in a panel discussion at the International Monetary Fund, Powell did not rule out another rate hike to help reduce inflation to the Fed’s 2% target level.