Economy - Page 35

Microsoft President Brad Smith acknowledged the company’s role in major security breaches that allowed China-linked hackers to infiltrate federal government computer networks in a Congressional hearing this week. The executive also defended the company’s operations in the communist dictatorship.

Biden’s approval rating on the economy among Hispanic voters has cratered, a development which will almost certainly have serious implications for his re-election campaign.

The inflation rate in Argentina was 4.2 percent in May, continuing the downward trend of the first five months of 2024.

Microsoft has announced that its controversial Recall AI feature will not be launching with the first batch of Windows 11 Copilot+ PCs on June 18, as previously planned.

OpenAI, the troubled startup behind the popular AI chatbot ChatGPT, has announced the appointment of retired U.S. Army General and former NSA chief Paul Nakasone to its board of directors, claiming it will leverage his extensive experience in cybersecurity to safeguard its cutting-edge technology.

High inflation brought down consumer sentiment to the lowest level in seven months in early June, the University of Michigan’s survey of U.S. households showed Friday. The University of Michigan Consumer Sentiment Index fell to 65.6 in the preliminary June

Black conservatives gathered in Detroit, Michigan, on Thursday evening ahead of former President Donald Trump’s speech at Turning Point Action’s The People’s Convention.

Republicans and Democrats on the House Appropriations Committee are banding together to ensure businesses can import the maximum amount of H-2B foreign visa workers to the United States to take blue-collar jobs in construction, landscaping, and other industries.

If Joe Biden loses his bid for a second term as president, the state of the economy and his economic policies are almost certain to be recorded in the history books as primary reasons voters turned against him.

Popular bootmaker UGG Footwear is taking heat and is facing boycott calls for teaming with a transgender activist on a pride collection and campaign.

Apple and OpenAI recently struck a deal that will see the tech giant compensate the AI company for the use of its ChatGPT technology through distribution, rather than traditional financial means. This means that the eyeballs of every iPhone user in America are worth much more than billions of dollars to OpenAI.

Eight former SpaceX employees have reportedly escalated their legal battle against Elon Musk and his aerospace company by filing a lawsuit in California state court, alleging sexual harassment and retaliation.

Only seven percent of voters believe President Joe Biden’s economy is “very good,” a CBS News poll recently found.

Elon Musk’s X, the social media platform formerly known as Twitter, has announced plans to hide all users’ “likes” in an effort to “better protect your privacy,” a move that has sparked concerns about potential blackmail, abuse, and the inability to validate post engagement — making it easier than ever for bots to distort and disrupt the platform.

Another soft inflation report for May.

Initial claims for unemployment benefits rose for the third week in a row.

The Fed has finally come around to the idea that interest rates are very likely to be higher for as far as the eye can see.

Chiquita Brands, the famous banana company, was ordered by a federal jury on Wednesday to pay $38.3 million to the family members of people killed by the United Self-Defense Forces of Colombia (AUC), a paramilitary group it funded during the 1990s and early 2000s.

The state of Utah is suing China’s TikTok, alleging the popular app’s “Live” feature is “a virtual strip club” for minors that lets adults pay children “to strip, pose, and dance provocatively” in exchange for money.

Fed officials sharply reduced the number of rate cuts they expect this year, confirming indications that the Federal Reserve is likely to hold its interest rate higher for longer.

The soaring cost of living under Joe Biden is taking a toll on blue collar Hollywood, driving the labor unions that represent production crews to push for higher wage increase guarantees from the major studios.

The Bay Area’s Once untouchable tech industry has been hit hard by a wave of layoffs and salary cuts, leaving many workers struggling to make ends meet in one of the most expensive regions in the country.

Elon Musk’s heavily touted Tesla Full-Self Driving (FSD) feature has been the subject of scrutiny as recent videos showcase the system’s struggles in navigating complex and unexpected road situations.

Sen. Marco Rubio (R-FL) sent a letter published Tuesday to British Chancellor of the Exchequer Jeremy Hunt urging the UK government not to allow the Chinese “fast fashion” company Shein to list on the London Stock Exchange.

Elon Musk, the billionaire owner of X/Twitter and CEO of Tesla, has voluntarily dismissed his breach of contract claims against OpenAI and its chief executive, Sam Altman.

Rents are up 5.3 percent compared with a year ago.

America got some good news on inflation on Wednesday, possibly opening the door for lower interest rates this year.

All eyes will be on the dots tomorrow when the Federal Reserve releases its quarterly economic forecasts known as the Summary of Economic Projections, or SEP.

The overwhelming majority of job growth in the United States since 2019 has gone to newly arrived migrants, an analysis shows.

Bolivian truckers and local transport organizations called for an indefinite strike of heavy transport next week against the government of socialist President Luis Arce and ongoing shortages of diesel fuel and foreign currency.

A recent study by software company BambooHR has shed light on the harsh realities of return to office (RTO) mandates, suggesting that at some companies they are merely a back-channel approach to layoffs.

Prices at In-N-Out Burger in Democrat-run California have jumped due to the $20 minimum wage, making it even more expensive for families to enjoy a simple meal.

Comedian Jon Stewart gave voice to the growing number of Americans on both sides of the political divide who have become fed up with corporate pandering during Pride Month.

Small businesses across various industries are facing an onslaught of attacks from online scammers who use their videos, logos, and social media posts to assume their identities and sell cheap knockoffs or simply take customers’ money. Meanwhile, Meta, Amazon, and other tech giants are doing little to help them.

Apple’s has announced announced a partnership with OpenAI to bring ChatGPT technology to devices ranging from iPhones to Mac computers. Elon Musk has responded by threatening to ban Apple devices from his companies’ premises if the integration moves forward.

The World Bank expects the U.S. economy will grow 2.5 percent this year.