OpenAI recently made significant adjustments to their policy regarding non-disparagement agreements for former employees. This decision comes after facing backlash for requiring former employees to choose between maintaining their vested equity or signing a non-disparagement agreement that had no expiration date. Policy Reversal The internal memo, which was obtained by CNBC, informed former employees that
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Norfolk Southern recently announced that it has agreed to pay $310 million to settle charges related to a toxic train derailment that occurred in East Palestine, Ohio, in February 2023. This incident led to a massive cleanup effort and forced local residents to evacuate due to contaminated soil and waterways. The majority of the settlement,
The month of April saw a 1.9% decrease in the sales of previously owned homes compared to March, falling short of the forecasted numbers. One of the contributing factors to this decline was the significant increase in mortgage rates, which jumped at the beginning of February. This sudden rise in rates, combined with the subsequent
Federal Reserve Governor Christopher Waller recently expressed his views on interest rates and inflation, stating that he believes further interest rate increases may not be necessary due to easing inflation. However, he also mentioned that he would require convincing before supporting any cuts in interest rates. Waller referred to a variety of recent economic data
The recovery process of the enormous container ship that collided with and caused the collapse of Baltimore’s Francis Scott Key Bridge in March has finally begun. After being stuck in the Patapsco River for the past eight weeks, the ship, known as the Dali, has been successfully made buoyant and is now being moved to
Etsy, a popular e-commerce platform, is currently facing a multitude of challenges that threaten its growth and stability. Despite experiencing a significant surge in buyer activity and sales during the Covid-19 pandemic, the company is now grappling with declining gross merchandise sales, a plummeting stock price, and high inflation. Analysts like Jason Helfstein from Oppenheimer
Recently, Tesla announced that it would be cutting approximately 600 more employees from its manufacturing facilities and engineering offices in California. These job cuts spanned a wide range of positions, from entry-level roles to directors, and affected various departments such as factory workers, software developers, and robotics engineers. This move was part of Tesla’s ongoing
After facing increased scrutiny from the Federal Aviation Administration due to safety incidents earlier in the year, United Airlines has received clearance to add new aircraft and routes. This recent development comes after the FAA had put a hold on the airline’s certification activities, including launching new routes to destinations like Faro, Portugal. In a
The recent surge in Dell shares by over 9% to an all-time high can be attributed to Morgan Stanley’s optimistic outlook on the company’s future. Analyst Erik Woodring raised Dell’s price target and highlighted the growing demand for artificial intelligence servers as a key driver of sales. According to Woodring, Dell is gaining momentum, particularly
The recent surge in wholesale prices has raised concerns about the possibility of interest rate cuts in the near future. According to the Labor Department’s Bureau of Labor Statistics, wholesale prices increased by 0.5% in April, exceeding the Dow Jones estimate of 0.3%. While this may indicate rising inflationary pressures, it also poses challenges for