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OpenAI's leadership, alarmed by concerns likening the company's technological advancements to a potential "nuclear bomb," opted to dismiss CEO Sam Altman, citing it as a pragmatic move. However, the abrupt and non-transparent manner of Altman's termination, executed without forewarning major stakeholders, raised questions about the decision's ratio…

For the third consecutive week, mortgage rates have experienced a decline, providing a welcome respite for homebuyers who are mindful of their budgets. There is a possibility of further easing, with some experts suggesting that rates may have already reached their peak for the year. According to Freddie Mac's report on Thursday, the average rate…

Amazon next year will allow auto dealers to sell cars through its site, starting with South Korean automaker Hyundai, the company said Thursday. The company has slowly muscled its way into the car-buying business over the years, launching digital showrooms on its site for shoppers to research and compare vehicles but not purchase them directly thro…

An International Energy Agency report reveals a significant surge in employment within the clean energy sector, with a notable 20.27 percent increase since 2019, reaching a total of 36.2 million jobs. This growth contrasts with the fossil fuel industry, which has yet to fully recover to pre-pandemic levels. The International Energy Agency's (IEA) a…

Federal regulators have granted SpaceX the green light for the much-anticipated second test flight of its Starship system, marking a pivotal development after an explosive initial attempt in April. The Federal Aviation Administration (FAA), responsible for licensing commercial megarocket launches, announced on Wednesday that SpaceX has secured p…

According to a recent report on household debt from the Federal Reserve Bank of New York, Americans are now grappling with a staggering $1.08 trillion in credit card debt. This marks a significant year-over-year increase of $154 billion, representing the most substantial surge since 1999. Donghoon Lee, the economic research advisor at the New Yo…

New data from the Mexican Social Security Institute (IMSS) reveals that Mexico's formal sector employment reached an all-time high, with over 22.3 million people currently employed. In October alone, more than 173,000 new jobs were added, making it the fourth-best October for job creation. However, it's worth noting that the total number of new pos…

As financial pressures mount, an increasing number of Americans are dipping into their retirement nest eggs to address urgent financial needs. The latest analysis by Bank of America of its clients' employee benefit programs reveals a 13% surge in 401(k) plan participants resorting to hardship distributions between the second and third quarters. Thi…

On Tuesday, the International Monetary Fund (IMF) increased its 2023 growth projection for China to 5.4%, acknowledging the nation's third-quarter growth and recent policy actions in Beijing. However, the International Monetary Fund (IMF) also issued a warning regarding persistent challenges in the real estate sector. Despite the upward revision…

Foreign investors are cautiously reentering Asian equities this November, marking a turnaround from a three-month trend of heavy selling. This shift in sentiment comes as concerns ease over aggressive interest rate hikes in developed markets, reigniting risk appetite. There is a growing belief that U.S. policy rates may have reached their peak, …