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NEW YORK — General Motors plans to lean into artificial intelligence and vehicle software for future growth and development amid increasing competition abroad from Chinese automakers and a tougher U.S. market.The Detroit automaker on Wednesday shared new details about a proprietary AI agent it’s releasing under its OnStar brand, plans for a fourth generation of more efficient all-electric vehicles and a target to cut its vehicle development time in half.GM also reconfirmed that by 2028, it wants to have eyes-off highway driving, or “personal autonomy,” that will let drivers take their attention off the road. The automaker said that technology…

Amazon is gaining ground in grocery thanks to items like fresh shrimp and berries.Roughly a year after expanding same-day fresh grocery delivery to thousands of cities and towns in the US, Amazon’s perishable grocery sales are booming — and taking market share from traditional retailers, according to data from market research firm Nielsen IQ.Sales of groceries such as seafood, dairy, and produce on Amazon increased severalfold between June and August, per Nielsen IQ’s data. Amazon also posted market share gains in the food category for the year through late August as traditional grocery stores lost it, Nielsen found. Amazon gained…

Derek Thompson writes and talks about a lot of things.But some things pay better than others: “Dimes for analysis, dollars for facts, and Benjamins for facts about artificial intelligence,” he tells me.Thompson, a longtime Atlantic writer who left to launch his own Substack in 2025, has an avid following — Barack Obama reportedly reads him to stay on top of AI developments.That following also creates an inherent tension: If he only creates work he knows will have a big audience, it squeezes out other subjects he’s passionate about, like the way technology affects the media we consume. Or why he…

A view of the U.S. Supreme Court in Washington, DC, on October 14, 2026. Saul Loeb/AFP via Getty Images/AFP hide caption toggle caption i Saul Loeb/AFP via Getty Images/AFP The Supreme Court ruled Wednesday that the Trump administration must continue providing gender-affirming care to transgender inmates in federal prisons. The decision, in an emergency appeal, maintains a lower court’s injunction on a federal Bureau of Prisons’ policy that would terminate hormone therapy and other treatments for trans inmates. The order offered no explanation behind the decision. It simply read, “The application for stay presented to The Chief Justice and by…

EBay will lay off about 9% of its workforce in a move to streamline its operations and focus on its fastest-growing areas, a company spokesperson confirmed to CNBC. The layoffs will affect approximately 1,000 employees. “As we work to capture the significant opportunity ahead, this step was taken to ensure we continue to operate from a position of strength by aligning our teams and resources with our top strategic priorities,” the spokesperson said in a statement.The company also said it will continue to hire in “priority areas aligned with our strategy.” As of the end of 2025, eBay had roughly…

Brad Gerstner, the investor and architect of Trump Accounts, is pushing to expand the investment accounts beyond children and make them available to every US citizen under 40.In an interview with CNBC on Wednesday, Gerstner said the change would require new legislation rather than a regulatory rule change.Trump Accounts are tax-advantaged investment accounts created under President Donald Trump’s tax-and-spending law. Right now, they are available to Americans under 18, while children born between 2025 and 2028 are eligible for a $1,000 federal seed contribution.When account holders turn 18, the accounts become traditional individual retirement accounts, or IRAs. “Every year, 3.7…

Douglas Rissing | Istock | Getty ImagesWhile advertising dollars increasingly shift toward streaming and digital platforms, the political ad war is still being fought over the free airwaves. Broadcast television companies are set to capture the greatest portion of political ad spend ahead of the midterm elections, according to advertising intelligence company AdImpact. The 2025-26 election cycle is forecast to be the most expensive on record, with a predicted $11.6 billion in total spending. That’s higher than the $11.2 billion spent on advertising during the 2024 presidential election cycle and the $8.9 billion spent during the 2022 midterms. An estimated…

At the end of the summer, I packed my bags and two cats and got on a plane by myself, leaving our spacious home in Portland, Oregon, for a two-bedroom cabin in the remote woods of upstate New York.I was planning to live there temporarily so I could spend some time with my husband, who had rented the place while he was working on a movie in the area. He had moved to the area a few weeks earlier to start work, and he would stay there until mid-November when the project wrapped.His options for where to stay were limited:…

David Solomon, CEO of Goldman Sachs (L), Jamie Dimon, CEO of JP Morgan (C), and Ted Pick, CEO of Morgan Stanley.CNBC | Getty Images | CNBCFueled by the global boom in artificial intelligence stocks, relaxed capital rules and greater lending to hedge funds, big Wall Street banks have already had a banner year for equities trading — even with one quarter left to go.The five biggest investment banks have generated about $67 billion in equities revenue through Sept. 30, according to company filings. That is $7 billion more than what the group made during all of 2025, which itself was…

Eric Schmidt thinks the CEO of the future will have an AI assistant that can see across the entire company. For employees whose job is to keep a sprawling business coordinated, that could be bad news.In an episode of the “In Good Company” podcast, the former Google chief executive described assistants that check whether company activity aligns with a leader’s values, follow up on projects, and help identify ways to increase profits.He argued that the technology could make businesses faster and flatter, with fewer people needed to plan, relay information, and move numbers around.Schmidt sees little time for companies to…