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Rivian debuted new tech at its first “Autonomy and AI Day” on Thursday in Palo Alto, California.Credit: RivianPALO ALTO, Calif. – Electric vehicle maker Rivian Automotive has developed a custom chip, car computer and new artificial intelligence models that will enable it to bring self-driving features to its forthcoming vehicles, the company revealed at its first “Autonomy and AI Day” on Thursday here.Shares of Rivian were off roughly 3% during the hourlong event, and fell further as OpenAI made its own AI announcement Thursday, revealing its most advanced model yet. The stock was down more than 9% in afternoon trading.Rivian also said…

Republican congressional leaders are considering a Medicare pay cut for hospitals as GOP lawmakers try to come up with a counterproposal to Democrats’ demands to renew Obamacare subsidies, House Majority Leader Steve Scalise said Wednesday.Processing ContentThe policy was included in a list of health care options presented to Republican House members in a meeting on Wednesday, according to a document viewed by Bloomberg. The proposal would ensure Medicare pays health care providers the same amount for the same health services, regardless of whether a patient receives them in a physician’s office or a hospital. The policy could also lower costs for…

Rob Walton, left, Walmart retired chairman of the board, and Walmart board member Steuart Walton listen at the Walmart annual formal business and shareholders meeting in Rogers, Arkansas, on May 30, 2018. Walmart shareholders from around the world can attend meetings throughout the week.Rick T. Wilking | Getty ImagesA version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.Walmart stock has soared 25% this year, putting America’s largest retailer on track to a $1 trillion market cap. At the…

A home is shown for sale in The Heights in Houston, Monday, Oct. 27, 2025.Kirk Sides | Houston Chronicle | Getty ImagesHome prices have finally come down compared with last year, though just fractionally, according to daily reads from Parcl Labs, which looks at high-frequency listing data on single-family homes, condos and townhomes, both new and existing. They may stay softer, though, as home prices are down 1.4% in just the last three months.On a national level, home prices have not gone negative since mid-2023, a year after the Federal Reserve first brought rates up from zero, and mortgage rates…

Art Basel Miami Beach racked up strong sales and attendance last week, as the art market rode a wave of renewed confidence following the strong November auctions in New York.More than 80,000 collectors and art fans poured into the Miami Convention Center for the annual art show, with several works selling for over $1 million. Collectors from the U.S., Europe, Latin America, the Middle East and Africa visited the more than 280 galleries at the show, along with multiple art fairs and pop-up exhibits throughout Miami.After nearly three years of declining auction sales and shuttered galleries, dealers and advisors say the…

JetBlue Airways’ new lounge, BlueHouse, at JFK’s Terminal 5.Courtesy: JetBlue AirwaysJetBlue Airways’ first airport lounge since it started flying nearly 26 years ago is here, inspired by a New York City apartment — but bigger. The 9,000-square foot lounge, called BlueHouse, is set to open Dec. 18 at 5 a.m. ET at the airline’s home hub at John F. Kennedy International Airport’s Terminal 5. A seating area in JetBlue’s new airport loungeCourtesy: JetBlue AirwaysWith the new space, JetBlue joins the ranks of larger carriers like Delta Air Lines and credit card companies like Chase, American Express and Capital One in…

The mobile-messaging application WhatsApp is displayed on an Apple iPhoneBrent Lewin | Bloomberg | Getty ImagesFor investment firms of the ultra rich, WhatsApp is a one-stop shop for everything from vetting deals to finding the best surgeons. Sam Nallen Copley, an investment advisor at a London-based family office, runs a 970-person WhatsApp group for single-family offices and has seen it all, from verifying credentials to finding co-investors to selling multimillion-dollar collections of dinosaur bones and Pokémon cards.”If I need something at any time of day, I can message nearly 1,000 people about a new bitcoin fund or ask who’s the…

The Eli Lilly logo appears on the company’s office in San Diego, California, U.S., Nov. 21, 2025.Mike Blake | ReutersEli Lilly on Thursday said its next-generation obesity drug delivered what appears to be the highest weight loss yet in a late-stage trial while reducing knee arthritis pain, clearing the first of several upcoming studies on the weekly injection. The highest dose of the drug helped patients with obesity and a type of knee arthritis lose an average of 23.7% of their body weight at 68 weeks, when analyzing all participants, including those who discontinued treatment. When evaluating only patients who stayed on…

Warren Buffett hired Todd Combs in 2010 to help, and ultimately succeed, him and Charlie Munger in managing Berkshire Hathaway’s vast investment portfolio.But their handpicked heir to the stockpickers’ throne has quit to join JPMorgan. The announcement comes just as Buffett is preparing to step down as CEO after six decades in charge.Lawrence Cunningham, the director of the University of Delaware’s Weinberg Center and the author of several books about Berkshire, told Business Insider that Combs’ exit was “certainly striking.””My impression is that this was not an easy decision for anyone concerned,” Cunningham added.Business Insider spoke to longtime Berkshire watchers…

Your boss has never had more ways to peer over your shoulder.It’s not new for bosses to watch workers, of course — especially on corporate devices. But technology updates that let employers better monitor whether you’re in the office, or view texts on employer-owned devices, are giving employers even more control.Employer surveillance has grown because of the rise of remote work, and because of a proliferation of tools that allow for monitoring, a recent report from the US Government Accountability Office found.Now, not only has tech improved, say workplace observers, so has the power of many employers over their workers.Discussions…