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AM Business Notebook

>>Existing Home Sales Fall Again In October

(Washington, DC) -- Sales of previously owned homes fell to their lowest level in 13 years in October. The National Association of Realtors says existing home sales declined four percent last month to an annual rate of fewer than three-point-eight million units. The group's chief economist said high mortgage rates and the lack of inventory kept many prospective buyers on the sidelines. The median price of a home sold in October was just over 394-thousand dollars. 

 

>>Poll: More Americans Support Funding For Border Security Than For Foreign Conflicts

(New York, NY) -- More American voters support funding for security along the U.S. southern border than for foreign conflicts. That's according to a NBC News national poll that found 74-percent of voters supported more funding for security at the U.S.-Mexico border. Meanwhile, 58-percent supported more funding for humanitarian aid to Gaza while 55-percent backed more military aid funding for Israel. The poll also found that 55-percent of voters support more funding for Ukraine military aid. This comes as lawmakers debate aid packages for Ukraine and Israel. AM Business Notebook For: November 21, 2023

 

>>Musk's X Sues Media Matters For America

(Fort Worth, TX) -- Elon Musk's X is suing Media Matters for America for defamation, alleging they defamed the platform following a report that said major brand ads appeared next to posts touting Hitler and the Nazi party. Musk and X have faced backlash since the report was published Thursday, causing several major advertisers to pull ads from the platform in response. Filed in a U.S. District Court in Texas, the lawsuit claims Media Matters manipulated the platform.

 

>>Tesla Shareholder Calls On Board To Suspend Elon Musk

(Austin, TX) -- A Tesla shareholder is calling on the company's board of directors to suspend Elon Musk for endorsing antisemitic ideas on social media. Jerry Braakman wants the board to make it clear that Musk is in the wrong for agreeing with an antisemitic post on X. The president of First American Trust, Braakman said in a statement that while he believes in free speech, there's "no excuse for spreading hatred by a CEO of a public company."

 

>>Sam Altman Moves To Microsoft For AI Group

(Redmond, WA) -- Sam Altman is moving to Microsoft to help lead a new artificial intelligence group. He was ousted last week as CEO of OpenAI, ChatGPT's parent. Microsoft CEO Satya Nadella said the company "remains committed" to OpenAI. Microsoft has a 49-percent stake it it. Greg Brockman is joining Altman in the new effort at Microsoft. He was demoted as part of Altman being removed.

 

>>Strike Likely for SEPTA Police

(Philadelphia, PA) -- Dozens of Southeastern Pennsylvania Transportation Authority Police officers could go on strike later today. The likelihood has increased after very little negotiations between the union, Fraternal Order of Transit Police Lodge 109 and the transit agency. The union has said that SEPTA will have a new offer this morning which could hold off the strike. Both sides have been working on a new deal for quite a while.

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