Latest stories, analysis, and insights from the world of business.
Zero Shot, a new venture capital fund with deep ties to OpenAI, is aiming to raise $100 million for its first fund. It has already written some checks.
Citrini Research claims to have sent an analyst to observe shipping activity in the Strait of Hormuz firsthand, finding that vessels are still moving through the waterway despite tensions between Iran and the U.S., challenging the narrative that the critical oil artery is effectively shut.
The Trump administration scrapped a new risk adjustment model, bowing to industry pressure. Medicare Advantage insurers will receive a 2.5% pay bump on average in 2027, up significantly from what was proposed.
Zero Shot, a new venture capital fund with deep ties to OpenAI, is aiming to raise $100 million for its first fund. It has already written some checks.
As more people can now work from anywhere, many are choosing to settle in places that have historically struggled to retain talent, investment and year-round visitors. Remote workers are putting down roots in coastal towns, contributing to local economies and helping build year-round communities beyond seasonal tourism.
Citrini Research claims to have dispatched an analyst to the Strait of Hormuz to observe shipping activity firsthand, finding that vessels are still moving through the critical oil artery despite tensions, challenging the narrative that it's effectively shut.
Sam Altman has excluded OpenAI CFO Sarah Friar from key financial meetings, with Friar now reporting to Fidji Simo instead of the CEO. The CFO has raised concerns about the company's readiness for a 2026 IPO despite Altman's push to go public.
The 2027 Medicare Advantage payment regulation is set to be announced, which will reveal how the Trump administration plans to work with the health insurance industry and whether they'll act as a strict regulator or maintain a friendly approach.
Tesla's headcount fell from 21,191 workers to 16,506 workers in 2025, according to a report, as it grappled with its second straight year of declining sales.
The U.S. labor market bounced back in March with job creation much stronger than expected at 178,000, reversing February's decline, though the broader picture of slow labor market growth remained intact.
Tesla's headcount at its Austin facility fell from 21,191 workers to 16,506 workers in 2025, according to a compliance report, as the company grappled with its second straight year of declining sales.
A French-owned container ship has successfully crossed the Strait of Hormuz, marking the first passage by a major Western European firm since the US-Israeli conflict with Iran effectively closed the vital transport route over a month ago.
Coffee giant Starbucks announces new incentive program offering up to $1,200 annual bonuses and expanded tipping options for U.S. hourly workers as part of its $500 million turnaround effort, while facing ongoing tensions with unionized workers.
Red Lobster may be exploring a limited-time return of its infamous Endless Shrimp promotion, despite CEO Damola Adamolekun's previous declaration that it would never come back after contributing to the chain's bankruptcy.
Tesla CEO Elon Musk confirms that custom orders for the Model S sedan and Model X SUV are over, with only inventory vehicles remaining. Tesla is shifting focus to the Cybercab autonomous vehicle and Optimus robot production.
OpenAI has acquired the tech industry talk show TBPN, with company executive Fidji Simo stating the move aims to 'help create a space for a real, constructive conversation about the changes AI creates.' TBPN staff will help with marketing and communications at OpenAI while maintaining editorial independence.
U.S. employers added 178,000 jobs in March, reversing February losses, while unemployment rate dropped to 4.3%. Health care, construction, and hospitality sectors led job growth despite economic uncertainty from the war with Iran and rising energy prices.
OpenAI has acquired tech industry talk show TBPN in a rare move into media business, with Fidji Simo saying the acquisition aims to 'help create a space for a real, constructive conversation about the changes AI creates.' TBPN staff will maintain editorial independence while helping with marketing and communications.
US employers added 178,000 jobs in March, far exceeding expectations and pushing unemployment down to 4.3%, despite energy shock and uncertainty from the US-Israel war in Iran.
U.S. nonfarm payrolls increased by 178,000 in March, significantly exceeding expectations of 59,000 new jobs. The unemployment rate improved to 4.3% from the previously expected 4.4%.