Business

Justin Sullivan/Getty Images (NEW YORK) — Sam Altman is stepping down from his role as CEO of OpenAI, the company announced on Friday. The departure follows a review process undertaken by the company’s board of directors, said OpenAI, the maker of the popular conversation bot ChatGPT. “Mr. Altman’s departure follows a deliberative review process by […]

(NEW YORK) — Members of the United Auto Workers voted to ratify a contract with General Motors, making it the first of the Big 3 U.S. carmakers to formally conclude a weekslong labor dispute that brought tens of thousands of autoworkers to picket lines and risked major economic disruption, balloting results posted online by the […]

(NEW YORK) — When Harry and Jen Appel lost their home in Big Pine Key, Florida, to Hurricane Irma in 2017, they thought their insurance policies would cover the cost to repair and they’d rebuild in the same location. The couple showed ABC News’ meteorologist Rob Marciano the spot where their home used to be, […]

(NEW YORK) — Thousands of Starbucks employees nationwide are set to walk off the job on Thursday in the largest work stoppage in the five-decade history of the company, the union representing the workers said in a statement to ABC News. Employees at hundreds of unionized stores will call on Starbucks to bargain labor contracts […]

(NEW YORK) — Chris Josephs wakes up each morning, opens his laptop, and combs through last night’s stock trades. Josephs, who lives in Santa Monica, California, is not keeping an eye on his own portfolio. Instead, the 20-something tech entrepreneur has spent years intensely following the stocks that are bought and sold by people on […]

(NEW YORK) — Delivering on long-awaited improvements, the Department of Education will soon release a streamlined version of its widely used college financial aid form, known as the FAFSA, to less than 20 questions that could take some people just 10 minutes to fill out, officials told ABC News. The new Free Application for Federal […]

Susan Sheldon / EyeEm/Getty Images (NEW YORK) — The holidays are fast approaching and as people prepare to pick out the perfect pine to decorate for Christmas, some growers are warning the holiday staple could be in short supply. Some Christmas tree farms that have been holiday fixtures for decades said they won’t be open […]

(WASHINGTON) — House Speaker Mike Johnson says he has a plan to keep the government open, at least for now. But if the rest of Washington doesn’t agree, a sizable portion of the federal government will grind to a halt come Saturday morning at 12:01 am EST — just in time for Thanksgiving and the […]

(WASHINGTON) — Consumer prices rose 3.2% in October compared to a year ago, cooling significantly from the previous month and exceeding economist expectations. The data indicates progress in the Federal Reserve’s fight to reduce inflation. The results mark a half-percentage-point decline from the annual inflation increase shown in September, according to data released Tuesday by […]

(WASHINGTON) — Economists expect fresh data on Tuesday to show that inflation cooled last month, in large part due to a decline in gasoline prices. The data, set to be released by the federal government’s Bureau of Labor Statistics, would cheer policymakers and households bedeviled by inflation that stands well above the Federal Reserve’s target […]