South Korea’s detained workers return homeThe hundreds of South Korean workers detained in last week’s immigration raid on a Hyundai factory in Georgia are
now back home. The saga threatened a bilateral relationship between Washington and Seoul already strained by U.S. President Donald Trump’s trade war. Hyundai CEO José Muñoz
said Thursday that the ICE raid will set back construction of the Georgia battery factory by as much as three months.
Musk and Altman's feud escalatesThe conflict between Tesla CEO Elon Musk and OpenAI CEO Sam Altman has
intensified after Musk amplified a conspiracy theory that an OpenAI whistleblower, whose death had been officially deemed a suicide, was actually murdered. Altman maintained that he believed the suicide ruling during an interview this week with media host Tucker Carlson, though Musk contradicted Altman publicly on X with the post “he was murdered.”
Inflation still a worry The Consumer Price Index (CPI)
increased by 2.9% in August, marking the fastest pace since the beginning of the year. This surge takes place as market watchers carefully await the Federal Reserve’s meeting on Tuesday and Wednesday of next week, where a rate cut is widely expected.
Report: Paramount Skydance’s plans bid for Warner BrosFresh from their merger, Paramount Skydance is reportedly preparing a bid for a majority interest in Warner Bros. Discovery, according to the
Wall Street Journal. Warner Bros. Discovery is itself looking to split its cable and streaming businesses, though Paramount Skydance’s bid would be for the whole company, combining two already massive media studios.
Figure debuts on the NasdaqFigure Technology became the latest crypto company to take advantage of the hot IPO market with its Thursday debut on the Nasdaq,
raising $787.5 million. Shares of the blockchain lender rose almost 30% by the afternoon.
