Market Review and Trends
Top News this Week (26 Nov)
By Financial Horse  •  November 26, 2023
Rounding up top investing articles from around the web, including articles shared on Twitter. OpenAI brings Sam Altman back as CEO less than a week after he was fired by board (CNBC)
  • Sam Altman is back as CEO of OpenAI after he was fired suddenly Friday afternoon.
  • Following his ouster, hundreds of OpenAI employees, including co-founder and board member Ilya Sutskever, signed a letter demanding that remaining board members resign or they would leave.
  • Microsoft CEO Satya Nadella said on Monday that Altman and others from OpenAI would be joining to start a “new advanced AI research team.”
Singapore expects economy to grow 1% to 3% next year, narrows 2023 outlook (CNBC)
  • Singapore’s economy grew 1.1% in the third quarter of 2023, topping advance estimates as well as expectations from economists polled by Reuters.
  • The country’s trade and industry ministry thinks that manufacturing and trade-related sectors will remain weak this year, but aviation and consumer facing sectors are likely to remain resilient.
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By Financial Horse
Financial Horse was founded with a simple goal – To provide high quality financial commentary, in plain English. He is a firm believer in Einstein’s quote that “If you can’t explain it to six-year-old, you don’t understand it yourself.” Too much of finance is shrouded in complex jargon, and Financial Horse aims to demystify financial investments.
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