Good morning! On this date in 1995, the Dow Jones Industrial Average climbed above 5000 for the first time. Today, 28 years later, it opened the week just above 35,000. See a contemporary report here.
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Sam Altman, fired Friday as CEO of OpenAI, the company behind ChatGPT, joined Microsoft’s artificial intelligence project Monday, sending shock waves through Silicon Valley and upending ChatGPT’s corporate future.
Altman’s firing stunned the industry. He had become the public face of AI globally, testifying in Congress in favor of regulating the technology. His hiring was seen as a major coup for Microsoft.
By Monday’s end, up to 700 OpenAI employees had signed a letter threatening to quit if the board wasn’t replaced. Emmett Shear, former CEO of the video-streaming platform Twitch, was named OpenAI’s new interim CEO.
List: Ranking The Freest States in America
A new report has ranked the freest states in America based on a combination of personal and economic freedoms, with New Hampshire at No. 1 and New York at No. 50, the least economically free state in the U.S.
Florida, South Dakota, Nevada, and Arizona are the top four freest states after New Hampshire. Some score higher on economic freedom and others on personal freedom, but this is the combined ranking of the two metrics.
The least-free states include California, New Jersey, and Oregon, primarily because the report views their high taxes and heavy regulations as impeding economic freedom. You can see how your state ranks across all three categories here.
Winter Storms Threaten Holiday Travel
Heavy storms could bring rain, snow, wind and even ice to large parts of the country this week, impacting travel from the Midwest to New England, as well as potentially “severe thunderstorms” in the South.
In New York, Gov. Kathy Hochul directed all state agencies to be prepared and warned people to do their Thanksgiving grocery shopping early in the week. Meanwhile, forecasters say the threat of strong tornadoes is growing in the lower Mississippi Valley.
The storms will hit the middle of the country today and tomorrow and move to the East Coast Wednesday. For a detailed regional breakdown, here are forecasts and maps for the coming week.
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➤A federal appeals court heard Donald Trump’s appeal of the gag order in his federal case in Washington D.C. His lawyers argued that it was a First Amendment violation, but questions from the judges sounded skeptical. (More)
➤ Populist Javier Milei easily won a runoff election in Argentina, making him the country’s next president. Milei, a libertarian economist sporting a disheveled mop of hair, swore to slash spending to fight soaring inflation. (See Video)
➤ The GOP Senate campaign arm released a new ad Monday targeting the two “Democrats” running for senator in Arizona: Rep. Ruben Gallego and Sen. Kyrsten Sinema, a former Democrat who’s now an independent. (See Ad)
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➤ Florida State quarterback Jordan Travis is out for the season after injuring his leg in Saturday’s game. Undefeated FSU will start backup QB Tate Rodemaker this weekend for its big game against the Florida Gators. (See Video)
➤ The Denver Broncos won their fourth straight game Monday night, beating the Minnesota Vikings 21-20. The comedy highlight came when Bronco receiver Jerry Jeudy, running with the ball past the line of scrimmage, fooled a defender with a pump fake. (See Video) ➤ Tiger Woods is returning to the PGA Tourto play in the PGA’s Hero World Challenge in the Bahamas on Nov. 30-Dec. 3. Woods last played at the Masters in April and withdrew during the third round. (More)
Market Report 11/20/23
▲
NASDAQ Natl. Assoc. of Securities Dealers Automated Quotations
14,284.53
+1.13%
▲
SPX S&P 500
4,547.38
+0.74%
▲
DJI Dow Jones Industrial Average
35,150.97
+0.58%
▲
BTC Bitcoin
$37,534.0
+0.44%
▼
BAYRY Bayer Aktiengesellschaft
$9.31
–17.54%
➤ Big Stock Move: Bayer stock plummeted 17% Monday to its lowest level in 12 years, partly due to being hit with $1.56 billion in damages over use of the herbicide Roundup, and partly due to a problematic new drug trial. (More)
➤ The United Auto Workers said Monday that its members had ratified new contracts with Ford, GM, and Stellantis, officially ending its strike. The union says it now wants to unionize foreign-owned and Tesla auto plants. (More)
➤ Speaking of cars, Amazon says it will begin selling Hyundai vehicles online next year. Buyers will be able to search for a vehicle in their area based on model, trim, color, and features and have it delivered. (More)
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Breakthrough research done at Harvard Medical School shows how our gut bacteria can trigger metabolic processes and brain inflammation that impact memory after eating certain foods.
➤A $170,000 flying car known as the Switchbladetook its first test flight, soaring 500 feet in the air for six minutes. The three-wheeled vehicle requires a driver’s and pilot’s license and could hit the market within two years. (See Video)
➤ For the first time in history, a full-size Boeing 787 touched down for a safe landing on ice in Antarctica, carrying 45 researchers and 12 tons of research equipment. (See Video)
➤ Food experts say not to wash the turkeybefore popping it into the oven, but they know few people will listen to the warning. The advice is relatively new and goes against habit and tradition. (See Details)
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➤ Want to stop snoring? Or…stop someone else from snoring? This dentist’s breakthrough could do the trick on the first night. (More)
➤ Travel and Leisure publishedits new “Best Places to Travel” list for different types of travelers, including nature lovers, beach-goers, adventure tourists, and people seeking good food and drink. (See Lists)
➤ Frontier Airlines dropped the price of its “all-you-can-fly” annual pass to $499, its lowest ever. The pass allows holders to pay 1 cent in airfare plus fees to fly as often as they want. (See Details)
➤ Cruise lines warn passengersnot to wear camouflage clothing on trips to the Caribbean because many islands prohibit it if you’re not in their military. (More)
➤ An auction of six jerseys worn by soccer superstar Lionel Messi during Argentina’s winning run at last year’s World Cup is expected to reach $10 million. The current record is a Michael Jordan jersey that sold for $10.1 million. (More)
➤ An Alabama woman born with two uterusesis pregnant with twins, one in each womb. Scientists say the extremely rare pregnancy is a “1 in 50 million” chance. (See Photos)
➤ A $217 million net meant to deter jumpers on the Golden Gate Bridge will finally be completed in December, ten years after it was approved. More than 1,800 people have leaped from the bridge since it opened in 1937. (More)
Firing of Top AI Exec Roils Tech Firms
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