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Street recovers part of sell-off

NEW YORK — Wall Street held steadier Monday and recovered some of its sell-off from last week, as stocks swept up in the artificial-intelligence boom bounced back. Oil prices, meanwhile, rose following fighting between Israel and Iran, but they pared their biggest gains. The S&P 500 added 0.3%, coming off a drop of 2.6% from Friday that was its worst since October. The Dow Jones Industrial Average dipped 80 points, or 0.2%, and the Nasdaq composite climbed 0.9%. Some of the best performers were companies that sell computer chips, memory and other products fueling the AI boom. They ...

Ticker: OpenAI files confidential SEC paperwork for IPO

OpenAI has filed preliminary paperwork to potentially become a publicly traded company. The company announced Monday it has submitted confidential documents to the U.S. Securities and Exchange Commission. OpenAI says it hasn’t decided on timing yet, as there are advantages to staying private. This move follows Anthropic’s June announcement of its own IPO plans. Both companies are following SpaceX, which is also pursuing an IPO. OpenAI CEO Sam Altman mentioned last fall that an IPO was the “most likely path” due to the company’s size and capital needs. Pentagon: Alibaba, BYD ...

Local entrepreneurs take leap to start businesses

While there are a number of challenges facing those looking to start their own business, there are also a number of advantages to being your own boss — from setting your own schedule and spending more time with family to taking on a job that you love and want to share with others. Clifford ...

Fuel shortages stall trash pickup in Cuba

HAVANA — On a recent afternoon in Cuba, the temperature climbed and anxiety grew among the residents of a Havana street. Their focus was an improvised dump site on the sidewalk with rotting food scraps, torn bags, cardboard and rubble. Swarms of flies and stray cats gathered around the ...

Workplace

New hires and promotions Malia Schimminger of Altoona has been named director of Career Services and Professional Development at Mississippi University for Women. As director of the Career Services and Professional Development Center, Schimminger will serve as a liaison between the university, students, alumni and potential employers at the state, regional and national levels. She also will develop partnerships with external organizations to expand employment opportunities for students and alumni. Before joining The W, Schimminger served as assistant director of the Camellia Center ...