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This Stock-Market Rally Isn't What It Seems -- Heard on the Street
To anybody listening to Wall Street analysts, it might sound like all the market volatility of the past couple of months has had to do with small changes in the economy and the Federal Reserve's potential response.
Apple, OpenAI Said to Be Finalizing Talks to Bring ChatGPT to iPhone
Fed Depends on Troubled Data. That's a Problem
The Bureau of Labor Statistics has revised payrolls downward by 124,000 jobs so far this year. The revisions reduced January's initially reported gain of 353,000 -- a shockingly outsize number -- and brought the average monthly pace of job growth down to a more reasonable 256,000 level through April.
Stocks Lift Off, but Earnings Could Bring Them Back to Earth
Things on Wall Street and Main Street seem to be moving in opposite directions. The S&P 500 index has returned to within 1% of its record high, while the University of Michigan's latest reading of consumers' attitudes about the economy took a tumble to a six-month low. So, in this tale of two tallies, is it the best or worst of times?
OpenAI's Sam Altman Shoots Down Search Engine And GPT-5 Rumors, Teases May 13 Event: 'Some New Stuff...People Will Love'
Sam Altman, the CEO of OpenAI, shot down rumors that the AI startup is developing a search engine or launching GPT-5. Instead, he confirmed that a May 13 event is scheduled to talk about "some new stu
Apple Chooses Sam Altman-Led OpenAI To Integrate ChatGPT Into IPhone, Deal Almost Done: Report
Apple has reportedly closed in on a deal with ChatGPT-parent OpenAI to incorporate the startup's technology into iPhones, as part of a broader strategy to introduce artificial intelligence features to its devices.