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Business
OpenAI investors consider suing board after Altman’s ouster: report
The current chaos at OpenAI has investors in the ChatGPT creator considering legal action against the board, according to a new report. Sources told Reuters that investors are…
A bad idea from Finra
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Good morning. The fine Binance is paying for violating…
OpenAI brings back Sam Altman as CEO, establishes new board days after co-founder’s ouster
Sam Altman will return to OpenAI as CEO after the board removed him from the position last Friday, the company announced early Wednesday. A new board comprised of Bret Taylor…
FirstFT: Israel and Hamas agree hostage release deal
Stay informed with free updatesSimply sign up to the WorldmyFT Digest -- delivered directly to your inbox.Israel and Hamas have agreed a deal for the staggered release of 50…
Social Security reform would restore full benefits to public workers
Public workers on a pension plan who were also employed in jobs where they paid into Social Security typically receive reduced benefits, but that could soon change if…
FirstFT: Binance chief Changpeng Zhao steps down after US guilty plea
Stay informed with free updatesSimply sign up to the Global EconomymyFT Digest -- delivered directly to your inbox.Good morning. Binance chief executive Changpeng Zhao has…
Best Buy flags weakening consumer demand heading into holiday shopping season
Top U.S. electronics retailer Best Buy on Tuesday forecast a bigger decline in annual comparable sales and pointed to "difficult to predict" consumer demand, days ahead of…
Nvidia: plans to become one-stop chip shop will boost shares
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Without Nvidia’s high-powered chips, there would be no…
Louisiana oil leak source still unknown after 1M gallons spill into Gulf, Coast Guard says
The U.S. Coast Guard said Monday a large oil spill off the coast of New Orleans has released more than a million gallons of crude oil into the Gulf of Mexico. Officials said…
Scott Shleifer to step down from private equity role at Tiger Global
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Scott Shleifer, the head of Tiger Global’s $30bn-plus…