GM initiates $10 billion buyback, boosts dividend and reinstates 2023 guidance after UAW strikes
GM pulled its guidance when it reported its third-quarter earnings on Oct. 24, citing volatility caused by the UAW negotiations and labor strikes.
Mortgage demand from homebuyers gets a boost as interest rates continue to fall
Mortgage applications to purchase a home increased 5% for the week but were still 19% lower than the same week one year ago.
Okta hackers stole data on all customer support users in major breach
The hack was worse than initially believed, with every client having some data stolen in the breach, the cybersecurity company warned.
OpenAI rival Hugging Face says it’s seeing more client interest after Sam Altman fiasco
Hugging Face and Cohere, which compete with OpenAI, have both said they’ve seen increased inquiries from clients following the drama surrounding Sam Altman
Disney CEO Bob Iger tells employees he wants to start building again during town hall
Disney CEO Bob Iger told employees he looks forward to building again after cuts and “fixes” defined 2023.
Amazon announces new AI chip as it deepens Nvidia relationship
AWS will host a computing cluster for Nvidia to use. Simultaneously, AWS announced a new chip for training AI models, an Nvidia GPU alternative.
Fed’s Waller expresses confidence that policy is in the right place to bring down inflation
He pointed out a variety of areas where progress has been made, suggesting the Fed at least won’t need to hike rates further from here.
Activist pressure increases on Twilio after Anson takes stake
Activist investor Anson Funds is pushing for a sale or business divestiture at Twilio after building a stake in the enterprise software company.
Amazon touts ‘record-breaking’ sales in kickoff to holiday shopping season
The company said the period of Nov. 17 to Cyber Monday marked its “biggest ever” holiday shopping event compared to the same 11-day stretch last year.
Amazon wants businesses to use its palm-scanning tech to let employees into the office
Amazon is pitching the palm-based service as a way for employees to swipe their hand to enter an office or to access sensitive company data
