OpenAI closes funding at $157 billion valuation, as Microsoft, Nvidia, SoftBank join round
OpenAI closed its long-awaited funding round, announcing that it raised $6.6 billion at a $157 billion post-money valuation.
Ford’s third-quarter sales up 0.7% as GM overtakes it in EVs
Ford on Wednesday reported a 0.7% increase in third-quarter U.S. new vehicle sales, including a 12.2% increase in EVs compared to a year earlier.
Tesla stock slips after EV maker misses estimates on deliveries
Tesla’s third-quarter deliveries report follows a rally in the stock price over the past few months.
Private payrolls show better-than-expected growth of 143,000 in September, ADP says
Companies added 143,000 for the month, an acceleration from 103,000 in August and better than the 128,000 consensus forecast
Red-hot refinance demand retreats after tiny bump higher in mortgage rates
Mortgage rates moved ever so slightly higher last week, but it was enough to take a little heat out of what had been a briefly red-hot refinance market.
Massive port strike could have ‘devastating consequences’ for consumers, expert says
Four years after the pandemic, another supply-and-demand logistics crisis could drive up prices for groceries and other consumer staples, experts say.
Tesla set to report Q3 deliveries ahead of robotaxi event
Analysts are expecting Tesla to report about 463,000 deliveries, according to estimates compiled by FactSet.
GM reports 2.2% decrease in third-quarter sales, but EVs make gains
The Detroit automaker reported a 2.2% drop in third-quarter sales compared to a year earlier to 659,601 vehicles sold.
Facebook parent Meta rehired worker after he stalked a coworker for over a year, lawsuit says
An employee with Facebook parent Meta is suing the company after the tech giant rehired a former colleague who had been accused of stalking and harassment.
Spacecraft delivery startup founded by former SpaceX rocket guru raises $150 million, led by Founders Fund
Los Angeles space startup Impulse, led by renowned rocket specialist Tom Mueller, raised $150 million in a new round led by Founders Fund.
