Business news

Business news • Jul 10

Fed chief taps Trump ally Marc Andreessen to advise on how AI reshapes work

Fed Chair Kevin Warsh named venture capitalist Marc Andreessen to co-lead a task force on AI's economic impact — a technology his firm has bet billions on.

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Business news • Jul 10

A Big Winner From the Iran War: Africa’s Richest Man

Nigerian industrialist Aliko Dangote bet big on oil refining—and it's paying off.

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Business news • Jul 10

Asian stocks surge as investors focus more on AI than Middle East attacks

SINGAPORE, July 10 (Reuters) - Asian stocks rose sharply on Friday, led by chip and ​AI firms as investors brushed off concern over the stalled recovery of...

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Business news • Jul 10

SK Hynix: South Korean chip giant raises $26.5bn in US share sale

South Korean computer chip maker SK Hynix has raised $26.5bn (£19.8bn) in its New York share offering, marking the largest ever listing by a foreign firm in...

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Business news • Jul 10

SK Hynix (SKHY) US Listing: What to Know About the Largest-Ever ADR Offering

SK Hynix stock closes up in South Korea as the market awaits pricing for its huge U.S. listing.

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Business news • Jul 10

Exclusive | OpenAI’s No. 2 Executive to Step Down in Latest Leadership Shake-up

Fidji Simo won't return from medical leave, leaving a major role to fill as the AI giant prepares to go public.

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Business news • Jul 10

Volkswagen Is Cutting Production as Sales in China Plunge

Volkswagen said Thursday that it would cut the number of models it offered by as much as half to reduce costs and better compete with Chinese companies.

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Business news • Jul 10

A Top OpenAI Executive, Fidji Simo, Steps Down

Ms. Simo, who was Sam Altman's second in command before taking a medical leave in April, will become a part-time adviser to the company.

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Business news • Jul 10

Meta's new AI image generator may use your Instagram photos. Here's how to opt out

Meta has unveiled a new product that lets other people use images posted publicly on Instagram to generate artificial intelligence content.

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Business news • Jul 10

OpenAI's No. 2 executive stepping down over health issues

Simo's departure removes one of OpenAI's highest-profile executives.

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Business news • Jul 10

Millions of eye drops recalled nationwide. See affected products

Millions of bottles of prescription eye drops have been recalled nationwide. Here are the affected items and the reasoning behind the recall.

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Business news • Jul 09

Fidji Simo steps down from OpenAI’s no. 2 role

OpenAI's No. 2 executive, Fidji Simo, is stepping down from her full-time role after her medical leave proved longer than expected — a leadership vacuum...

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Business news • Jul 09

OpenAI’s CEO of AGI Deployment, Fidji Simo, Is Stepping Down

OpenAI's chief executive of AGI deployment, Fidji Simo, is leaving her full-time role at the company and transitioning to become a part-time adviser.

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Business news • Jul 09

OpenAI unveils long-awaited "super app" as rivalry with Anthropic intensifies

OpenAI showcased a new AI ‌agent on Thursday meant to help white-collar workers access the power of coding tools without the sticker shock.

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Business news • Jul 09

OpenAI Executive Fidji Simo to Step Down After Medical Leave

OpenAI's Fidji Simo, who oversaw much of the AI startup's core business, is stepping down from her full-time role following a three-month medical leave and...

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Business news • Jul 09

OpenAI exec Fidji Simo says she's stepping down due to chronic illness, will transition to advisor

Fidji Simo, OpenAI's product and business chief, said she's stepping down from her role at the company to focus on recovery after a "severe exacerbation of...

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Business news • Jul 09

Micron CEO says AI boom drives 'unprecedented' memory demand as company invests $250B

Micron CEO Sanjay Mehrotra says memory chips are in deep shortage as AI demand surges, with data centers driving more than 50% of the need.

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Business news • Jul 09

Proposed EPA change keeps NoX limits in place, impacts other truck regulations

The long-awaited proposed changes in a set of EPA heavy-duty truck regulations that loosely is referred to as "the NoX rule," because its provisions are.

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Business news • Jul 09

Days after announcing mass layoffs, Xbox CEO Asha Sharma tapped to advise the Federal Reserve on jobs

The US Federal Reserve has announced the industry leaders who will head up its various task forces guiding monetary policies. The country's central bank has...

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Business news • Jul 09

Trump-promoted discount gas stations fuel a mystery and questions

President Trump is promoting a network of gas stations that are selling gas for $3.47 a gallon, but analysts say they're likely selling the gas at a loss.

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