Oil prices dropped further on Thursday as traders digested a delay by the Organization of the Petroleum Exporting Countries for its next meeting, which has been bumped to next week.  On a day when the U.S. is off for the Thanksgiving holiday, traders took the decision to push back the…

Sam Altman looks set to return triumphantly to OpenAI but questions still linger around why he was fired from the artificial-intelligence start-up in the first place. The focus is on whether a disagreement over the safety of its AI technology brought matters to a head.  OpenAI’s previous board members haven’t…

General Motors ’ robotaxi unit Cruise is driving to rebuild public trust amid safety concerns. It looks like a long and slow road ahead. Cruise will eventually restart its driverless operations, but in just one city initially, and has paused plans for its Origin vehicle—set to be produced by GM—The…

The yield curve inversion appears to have stopped narrowing, and that’s not necessarily a bad thing. The gap between the two-year government bond yield and the 10-year bond yield now stands at about 0.47 percentage point. It had become as small as 0.15 point a month ago, having steadily narrowed…

Guess Inc.’s stock tumbled 8% Wednesday, putting it on track for its biggest one-day decline in more than a year, after the clothing, footwear and accessories maker posted worse-than-expected third-quarter earnings and cut its guidance. “Overall, a strong licensing business combined with a disciplined approach to cost management offset softness…

KBW analyst Chris McGratty said the bank sees potential upside for at least three regional bank stocks in a tough year for the sector. McGratty, who is head of U.S. bank research for KBW, told MarketWatch that East West Bancorp Inc. EWBC, +1.95% offers above-average returns compared to its rivals,…

CFRA upgraded Capri Holdings Ltd.’s stock CPRI, +0.56% to buy from hold on Wednesday, and said it’s looking undervalued at its current price. The stock was last quoted at $49.28, below the $57 price offer from rival Tapestry Inc. TPR, +1.31%, which is buying Capri in a deal expected to…

Shares of airline companies saw broad gains Wednesday, after as the latest travel data supported the expectation that Thanksgiving travel would be “busier than ever” this year. The U.S. Global Jets ETF JETS, +2.18% climbed 1.6% toward a two-month high in midday trading, to outpace the S&P 500’s SPX, +0.73%…

General Motors Co.’s GM, +1.68% autonomous-vehicle segment Cruise is putting plans on hold for Origin, a GM-assembled driverless taxi, and shrinking its focus to a single city, the Wall Street Journal reported on Wednesday. The move comes after safety concerns about Cruise’s vehicles. The Journal reported that Cruise planned to…

Apple AAPL Inc. is an industry leader in high-end, custom microprocessors, yet the iPhone maker is being upstaged by an unlikely source. The implications for investors are huge. Executives at Apple announced on October that new computers will get updated processors. The only problem is those chips are already second-rate…