CNN – Business/Consumer

By Hanna Ziady, CNN London (CNN) — Javier Milei won Argentina’s presidential election Sunday on a ticket to overhaul South America’s No. 2 economy and ditch its peso currency in favor of the US dollar. Will the Libertarian’s radical plans see the light of day? Milei’s La Libertad Avanza coalition won the election with nearly

By Clare Duffy and Oliver Darcy, CNN New York (CNN) — A “groundswell” of advertising executives have urged X chief executive Linda Yaccarino to resign from her role at the embattled social media company in the wake of an advertiser exodus and scrutiny over owner Elon Musk’s antisemitic remarks on the platform, according to marketing industry veteran Lou Paskalis.

By Jordan Valinsky, CNN New York (CNN) — Soccer superstar Lionel Messi is no stranger to breaking records, and he’s about to possibly add another to his list. A set of six jerseys that he wore during last year’s World Cup, which his home country of Argentina won, are being put up for auction by

By Chris Isidore, CNN New York (CNN) — Kyle Vogt, the head of General Motors’ self-driving car unit Cruise, resigned from the company late Sunday. His departure came the day after he apologized to the unit’s employees for problems that led to action from state and federal regulators in the wake of a series of

By Matt Egan, CNN New York (CNN) — Tesla’s board of directors should suspend Elon Musk for endorsing antisemitic views on social media, according to an investor in the electric vehicle company and a leading management expert. Jerry Braakman, president of First American Trust, wants Tesla’s board to send a clear message that Musk went too

By Krystal Hur, CNN New York (CNN) — Microsoft stock reached a record high on Monday after the company said that Sam Altman, former chief executive of OpenAI, will join the company to head its artificial intelligence innovation leg. Shares of the tech behemoth rose over 2% on Monday to hit $378.81, before retreating slightly.

By Brian Fung, CNN (CNN) — Hundreds of OpenAI staffers are calling for the resignation of the ChatGPT company’s board, and threatening to quit themselves, after a tumultuous weekend that began with the surprise ouster of CEO Sam Altman and ended with Altman being hired by Microsoft. In a letter obtained by CNN, the more

By Diksha Madhok and David Goldman, CNN New Delhi/New York (CNN) — Microsoft has hired Sam Altman to power up its innovation in artificial intelligence after the co-founder of OpenAI was ousted as CEO in a chaotic boardroom coup on Friday. Meanwhile, the ChatGPT company will get its third CEO in three days. It’s another

By Jeanne Sahadi, CNN New York (CNN) — Given that the S&P 500 fell 3.7% in the third quarter of this year, it’s not surprising that 401(k) account balances followed suit. The average 401(k) balance was down 4% from the second quarter, but is still up 11% from a year ago and up 27% over

By David Goldman, CNN New York (CNN) — Sam Altman is back at OpenAI. Well… he’s back at the OpenAI headquarters in San Francisco, anyway. Whether or not he returns as CEO of the ChatGPT parent company is still up in the air. Posting on X a photo of himself Sunday holding a green guest

CNN By Eva Rothenberg and Stefano Pozzebon, CNN (CNN) — Libertarian Javier Milei’s victory Sunday in Argentina’s presidential run-off contest has far-reaching consequences for the country’s struggling economy, including the fate of the peso. A political outsider who ran on a promise to “break the status quo,” Milei’s economic platform rested on a desire to

By Eva Rothenberg and Stefano Pozzebon, CNN (CNN) — Libertarian Javier Milei’s victory Sunday in Argentina’s presidential run-off contest has far-reaching consequences for the country’s struggling economy, including the fate of the peso. A political outsider who ran on a promise to “break the status quo,” Milei’s economic platform rested on a desire to dollarize

By Anna Cooban, Claudia Colliva, Maya Szaniecki and Danielle Wiener-Bronner, CNN London/Paris/New York (CNN) — Jordi Ustrell expects his vineyard’s tinder-dry plants to produce about half of their usual 15,000 bottles of wine this year. “That’s a big loss,” the interim chief executive of Celler Devinssi, a small winery in the Spanish town of Gratallops,

By Alicia Wallace, CNN Minneapolis (CNN) — When Formula 1 racecars rip along the iconic Las Vegas Strip this Sunday, it will serve as another highly visible reminder of a significant shift in the city’s economy. In under a decade’s time, the desert city long known for its casinos, food and live entertainment has become

By Chris Isidore, CNN New York (CNN) — The new labor contracts between the United Auto Workers union and General Motors, Ford and Stellantis will make a big difference in the paychecks of 145,000 autoworkers. It will raise their pay at least 11% immediately, and likely more than 30% over the life of the contract.

By Brian Fung, CNN (CNN) — In a surprise twist after Friday’s unexpected firing of OpenAI CEO Sam Altman, the artificial intelligence leader may be mulling a return. Multiple news reports, including the Wall Street Journal and New York Times, cited anonymous sources who said the board is having second thoughts about the firing and

By Chris Isidore, CNN New York (CNN) — Members of the United Auto Workers union at Ford and Stellantis have ratified their labor deals and by a larger margin of approval than members at General Motors, ending any chance that the auto strikes could resume due to rank-and-file opposition to the deals. The final votes,

By Sergio Padilla, CNN New York (CNN) — Unless you’re an avid currency collector, an employee of the Bureau of Engraving and Printing, or work at the Federal Reserve, you likely didn’t know that last year a record number of $50 bills were printed. Last year, the government printed 756,096,000 of those bills — the highest total of