business and industry sectors

Elon Musk is no longer the richest man on the planet, according to Forbes

New York CNN Business — Elon Musk is no longer the world’s richest person, according to Forbes. On Thursday, Musk dropped to the second spot on Forbes’ list of “Real-Time Billionaires,” putting the Twitter and Tesla CEO behind Bernard Arnault, CEO of French luxury brand LVMH, maker of Louis Vuitton luxury goods and Hennessy cognac. …

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Jennifer Lawrence draws criticism over comments about female action heroes

CNN — Jennifer Lawrence shared her thoughts on the history of female-led action movies in a new interview, but the “Hunger Games” star is getting some flack for not quite getting it right. The Oscar winner spoke with fellow actress Viola Davis in an interview for Variety published on Wednesday, in which she mused on …

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US oil plunges below $75 for the first time since just before Christmas

New York CNN Business — Oil prices have tumbled to their lowest level of the year as worries about the health of the economy overshadow concerns about new restrictions imposed on Russian energy. The sharp drop in oil prices the past two days is mostly good news for consumers, signaling prices at the gas pump …

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Congress wants to grill Live Nation's CEO over the Taylor Swift Ticketmaster fiasco

Congress wants to grill Live Nation’s CEO over the Taylor Swift Ticketmaster fiasco

New York CNN Business — Congress wants answers from the CEO of Ticketmaster’s parent company after a ticketing snafu ahead of Taylor Swift’s Eras tour left millions of unhappy Swifties without the ability to see the singer-songwriter perform. In s letter addressed to Live Nation CEO Michael Rapino Tuesday, the House Energy and Commerce Committee …

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TSMC ups its Arizona chipmaking investment to $40 billion ahead of Biden’s visit

New York CNN Business — Taiwan Semiconductor Manufacturing Company is increasing its investment in the United States, announcing Tuesday that it is building a second semiconductor factory in Arizona and raising its investment there from $12 billion to $40 billion. The move marks one of the “largest foreign direct investments in the history of the …

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ChatGPT: This AI chatbot is dominating social media with its frighteningly good essays

CNN — Imagine if Siri could write you a college essay, or Alexa could spit out a movie review in the style of Shakespeare. OpenAI last week opened up access to ChatGPT, an AI-powered chatbot that interacts with users in an eerily convincing and conversational way. Its ability to provide lengthy, thoughtful and thorough responses …

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Self-checkout annoys customers and helps shoplifters. Stores are adding it anyway

New York CNN Business — Self-checkout arrived in the late 1980s at supermarkets. A decade later, it began spreading to big-box chains and drug stores. Now, self-checkout, loved by some and hated by others, has entered discount clothing and department stores. Kohl’s (KSS) is testing self-checkout stations at a handful of stores. H&M added them …

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