Business

Microsoft hires OpenAI founder Sam Altman after being ousted

Meanwhile, the new head of ChatGPT maker OpenAI said Monday that he would launch an investigation into the firing of Sam Altman -- a corporate shakeup that shocked the artificial intelligence world.

November 20, 2023 6:29am CST

Amazon warns employees: No promotions without following in-office mandate

Amazon employees who don’t abide by the company’s return-to-office mandate could jeopardize their pursuit of promotions.

November 18, 2023 1:57pm CST

Mortgage rates dip further and could be the break homebuyers need: Freddie Mac

The average 30-year fixed-rate mortgage was 7.44% for the week ending Nov. 16, according to Freddie Mac's latest Primary Mortgage Market Survey.

November 17, 2023 11:02am CST

US Postal Service records whopping $6.5 billion net loss for 2023

The U.S. Postal Service has posted a $6.5 billion net loss for fiscal year 2023 with operating revenue falling by $321 million.

November 16, 2023 8:58am CST

Push to cap loan interest fees at 36 percent may leave subprime borrowers without credit, trade groups warn

New legislation seeks to cap interest rates on all consumer loans, but banking groups warn it could do more harm than good.

November 15, 2023 12:00pm CST

Record number of Americans moving to disaster prone areas

Despite recent natural disasters, places known for climate risk are becoming popular destinations for homeowners.

November 14, 2023 3:07pm CST

Credit card balances grow $48 billion in the third quarter: NY Fed

Credit card balances spiked by $154 billion year over year, notching the most significant increase since 1999, according to the New York Fed.

November 14, 2023 2:53pm CST

Homebuying to remain slow through 2023: agent survey

High mortgage rates and home prices may keep homebuyers on the sidelines through 2023, a survey found. But you can still find the best mortgage rate by comparing your options.

November 13, 2023 12:37pm CST

Alarming number of Americans fall deeper into credit card debt each month: survey

Americans owe more than $5,000 in credit card debt on average and in times of high inflation and rising interest rates, they are relying on credit cards more than ever before. But there are ways to pay off debt quickly.

November 13, 2023 12:26pm CST

Chipotle founder opening robot-powered, meat-free restaurants

Each store will be manned by 3 people who will team up with robots to make meat-free burgers, faux chicken sandwiches, salads and acai bowls.

November 12, 2023 9:26am CST

Retirement savings are getting sucked up in a financial vortex: Goldman Sachs

U.S. workers have upped their retirement savings, but competing spending continues to challenge most from reaching their goals, a recent Goldman Sachs Asset Management (GSAM) retirement report said.

November 10, 2023 2:48pm CST

Gas prices’ steady decline might gain momentum as holidays approach: AAA

Nationwide gas prices continue to fall as demand likely remains flat. The steady decline could accelerate following recent drops in the price of oil, according to AAA.

November 10, 2023 2:32pm CST

Planet Fitness considers raising its $10 membership fee

The fitness chain’s interim CEO discussed a potential price hike on memberships, a move the company has not made in years.

November 10, 2023 10:08am CST

Man crushed to death by industrial robot that confused him for a box: police

The victim, a worker in his 40s, was inspecting the robot's sensor at a vegetable-packaging plant this week when the incident took place.

November 10, 2023 5:49am CST