Dow plunges 1,000 points

August 5, 2024

Business and Economics

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Elon Musk files new lawsuit against OpenAI and Sam Altman

Elon Musk filed a new lawsuit against OpenAI and its CEO Sam Altman on Monday, reviving an earlier legal effort against the giant artificial intelligence (AI) company he helped found.

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Delta Air Lines suspends August flights from JFK to Tel Aviv

Delta Air Lines said Monday it will suspend all flights from New York City to Tel Aviv for the rest of August amid growing concerns about a regional conflict between Israel and Iran.

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Ticker

Upcoming news topics and events to watch:

of Bureau of Economic Analysis New release planned International Trade in Goods and Services Reported Tuesday at 8:30 a.m. ET

In other news

Here’s a more detailed account of what happened that day:

CrowdStrike and Delta Air Lines are battling over who is to blame for the airline canceling thousands of flights.

Cybersecurity software company CrowdStrike is battling Delta Airlines over who is responsible for the damage…

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Good to know

Business and economic news from other media:

Ford is in the “dirty” business Profit DriverGM and Stellantis (CNBC)
Palantir shares surge as ‘unrelenting’ AI Demand Fuel company earnings beat expectations (Market Watch)
America is more Ongoing litigation They are trying to rein in the big tech companies.The New York Times)

What others are reading

Top stories on The Hill right now:

The race for Vice President Harris heats up

The race for Vice President Harris’ running mate is becoming increasingly fierce as the decision nears and Democrats field their own preferred candidates. read more

Jenna Ellis to cooperate with Arizona prosecutors in 2020 election lawsuit

Jenna Ellis, a former lawyer for former President Donald Trump’s campaign, has agreed to cooperate with Arizona prosecutors in their 2020 election interference case against aides to the former president and so-called fake electors in the state. read more

What people think

Opinions on business and economic issues submitted to The Hill:

Trump’s tax reform reduces incentives for charitable giving, but it can be improved
Why is the government so insistent on keeping disabled people in poverty?