Arm reports first post-IPO earnings and the stock is down 7%
Arm reported its first post-IPO earnings on Wednesday that beat Wall Street expectations for sales.
Gambino family Mafia crackdown: 16 arrests by New York feds and Italian authorities
The Gambino organized crime family is one of five Mafia families in New York. Ten alleged Gambino members and associates were charged in Brooklyn federal court.
Microsoft’s GitHub announces Copilot assistant that can learn about companies’ private code
Expert developers and their less experienced peers might be able to spend less time working on proprietary code using GitHub’s Copilot Enterprise — for a fee.
Disney expands cost-cutting plan by $2 billion, posts better-than-expected profit
Investors are looking for updates on Disney CEO Bob Iger’s strategy for the slumping media giant.
Pharmacy walkout organizers help launch national push to unionize pharmacists, technicians
The Pharmacy Guild aims to help staff unionize to address what employees have called unsafe working conditions, including at Walgreens and CVS.
Cleveland Fed launches search for new leader after Mester leaves
Often one of the central bank’s bigger proponents for tighter monetary policy, Mester, 65, will reach mandatory retirement in 2024.
GM’s Cruise is recalling 950 robotaxis after pedestrian collision
GM-owned Cruise recalls 950 robotaxis after pedestrian collision.
OpenAI’s ChatGPT back online after ‘major’ outage
ChatGPT, OpenAI’s viral chatbot, was down and citing “high error rates” for the tool’s more than 100 million weekly active users.
Parent borrowers have been shut out of the Biden administration’s recent student loan relief measures, but this loophole could help
There’s a loophole for parent borrowers shut out of student loan relief measures, but it’s complicated, experts caution.
Just a mirage? Traders worry November’s strong start is just massive short covering
There is growing concern this month’s rally may not last even after last week’s bounce from three months of declines.
