Citigroup layoffs coming today: A massive restructuring dubbed “...
Citigroup layoffs coming today: A massive restructuring dubbed “Project Bora Bora” is expected to begin today at Citigroup and will ultimately result in thousands of jobs being cut, according to the Financial Times. CEO Jane Fraser hopes Citi’s first overhaul in almost two decades will revive its stock price, which has been the worst performer in the banking sector.
Max Verstappen won the Las Vegas Grand Prix in what turned out to be a thrilling race, despite the initial speed bumps and a class-action lawsuit.
Sean “Diddy” Combs and Cassie reached a settlement agreement one day after Cassie filed a lawsuit alleging rape and physical abuse.
Tiger Woods will play in the Hero World Challenge next Thursday, marking his first round of competitive golf since having ankle surgery following The Masters seven months ago.
Australia beat India to win its sixth Cricket World Cup title in a match Neal actually watched and semi-understood.
Rosalynn Carter, a true life partner to Jimmy Carter who helped propel him from rural Georgia to the...
Rosalynn Carter, a true life partner to Jimmy Carter who helped propel him from rural Georgia to the White House in a single decade and became the most politically active first lady since Eleanor Roosevelt, died on Sunday in Plains, Ga. She was 96.
U.S. energy firms added rigs this week, as the oil rig count rose by the most since February, energy services firm Baker Hughes said in its closely followed report on Friday.
The combined oil and gas rig count, an early indicator of future output, rose two to 618in the week to Nov. 17. U.S. oil rigs rose by six to 500 this week, while gas rigs fell by four to 114, their lowest since early September.
Data provider Enverus, which publishes its own rig count data, said drillers cut 13 rigs in the week ended Nov. 15, cutting the total to 690. Nevertheless, the overall count was still up about 2% in the last month but down 21% year-over-year.
U.S. oil futures were down about 6% so far this year after gaining about 7% in 2022. U.S. gas futures,meanwhile, have plunged about 35% so far this year after rising about 20% last year.
The total number of drilled but uncompleted (DUC) oil and gas wells dropped by 92 to 4,524 in October,the lowest since December 2013, according to the U.S. Energy Information Administration’s (EIA) Drilling Productivity Report.
Sam Altman steps down as CEO of OpenAI after board loses confidence
In a shocking move that will reverberate across the business landscape, OpenAI’s board of directors ...
In a shocking move that will reverberate across the business landscape, OpenAI’s board of directors pushed out CEO Sam Altman, one of the world’s most prominent tech executives. The company said that Altman “was not consistently candid in his communications with the board,” and thus the board lost its confidence in Altman’s ability to lead. OpenAI, and Altman, became household names this year after the company’s ChatGPT chatbot sparked a frenzy around the field of generative artificial intelligence. OpenAI, which has received $13 billion in investment from Microsoft, is reportedly valued at $86 billion. CTO Mira Murati will keep the CEO seat warm for now.
Biden signs federal spending bill averting government shutdown. President Joe Biden signed the short-term stopgap measure to fund two tranches of federal government programs through Jan. 19 and Feb. 2. His signing comes after the Senate passed the bill by a vote of 87 to 11 and the House passed it by a vote of 336 to 95 this week.
Amazon is laying off several hundred employees in its Alexa department. The company has also said workers who skirt its return-to-office mandate may not get promotions.
Sean Combs settled a lawsuit brought by the singer Cassie accusing him of rape and abuse one day after she filed it.
Former First Lady Rosalynn Carter, who is 96, has entered hospice care. Her husband, former President Jimmy Carter, 99, began hospice care in February.
YouTube is testing a tool that lets you use AI to mimic celebrity singers, with stars like Demi Lovato and John Legend on board.
The Cincinnati Bengals said quarterback Joe Burrow is out for the rest of the season because of a torn ligament in his right wrist, in what’s starting to look like a cursed NFL season.
