GameStop names Ryan Cohen as CEO effective immediately, won’t receive salary
The move comes more than three months after GameStop fired CEO Matthew Furlong.
Delta CEO says carrier went ‘too far’ in SkyMiles changes, promises modifications after frequent flyer backlash
Delta’s CEO said the carrier wanted to “rip the Band-Aid off” with changes to SkyMiles program.
Trump seeks UAW endorsement while criticizing EVs, Biden in Michigan
Trump, several times, asked United Auto Workers members to encourage union leaders to endorse him during his roughly hourlong speech.
Merck, AstraZeneca, Bristol Myers Squibb to participate in Medicare drug price negotiations
Merck, AstraZeneca, Bristol Myers Squibb and other drugmakers have filed at least eight lawsuits seeking to declare the Medicare price talks unconstitutional.
Microsoft technology chief says supply of Nvidia’s AI chips is improving
Kevin Scott, Microsoft’s chief technology officer, said supply of Nvidia’s graphics processing units is improving now that generative AI hype has cooled a bit.
UAW leader condemns Trump ahead of Michigan visit during union strike
UAW President Shawn Fain criticized Trump’s track record with unions as well as his Wednesday visit being at a nonunion company called Drake Enterprises.
Meta announces new Quest 3 VR headset as Apple competition looms
Preorders open on Wednesday and it ships on Oct. 10.
Amazon lawsuit protects ‘free and fair competition,’ says FTC Chair Lina Khan
FTC Chair Lina Khan defended the agency’s decision to pursue the company in an interview on CNBC’s “Squawk Box.”
Amazon hires former Microsoft product chief to oversee devices unit
Panay is joining Amazon at a precarious moment for its devices and services unit, which was hit with layoffs as part of the largest job cuts in company history.
Fed’s Neel Kashkari isn’t sure if interest rates are high enough to stop inflation
Kashkari told CNBC that the neutral rate of interest, or one that is neither holding back the economy nor stimulating it, may have gone higher.
