Business

(NEW YORK) — The CEO behind the company that created ChatGPT believes artificial intelligence technology will reshape society as we know it. He believes it comes with real dangers, but can also be “the greatest technology humanity has yet developed” to drastically improve our lives. “We’ve got to be careful here,” said Sam Altman, CEO […]

Daniel Acker/Bloomberg via Getty Images (NEW YORK) — Ford announced this week that it is recalling more than 1.2 million of its vehicles over a serious issue with its brake fluid hoses. The National Highway Traffic Safety Administration said Ford Fusions and Lincoln MKXs sold between 2013 and 2018 have an issue where the front […]

(WASHINGTON) — A ban on TikTok in the United States or a sale of the app by its Chinese owner, ByteDance, will not resolve national security concerns or fears TikTok could be used to siphon Americans’ data, according to a new cybersecurity report obtained by ABC News. The report, from the cybersecurity company Feroot, said […]

Chip Somodevilla/Getty Images (WASHINGTON) — Treasury Secretary Janet Yellen told Congress on Thursday the U.S. “banking system is sound” after two bank failures stirred economic fears. Yellen, testifying before the Senate Finance Committee, began her remarks by addressing the abrupt collapse of Silicon Valley Bank in California and Signature Bank in New York. “I can […]

(NEW YORK) — The word “bailout” is sure to make anyone who remembers the 2008 financial crisis nostalgic in all the worst ways. At the time, the government used taxpayer money to keep some of the country’s largest financial institutions afloat. Two regional banks recently collapsed. As depositors of those banks feared for the money […]

EllenMoran/Getty Images (WASHINGTON) — The Department of Transportation will send proposed legislation to Congress Monday asking legislators to ban so-called family seating fees on flights. The proposal follows calls from President Joe Biden to get rid of “junk fees” — including extra costs on airline tickets so families can sit together. The proposal would prohibit […]

(WASHINGTON) — The Federal Reserve, Treasury Department and Federal Deposit Insurance Corporation announced Sunday that they will make additional funding available to ensure all Silicon Valley Bank deposits, both insured and uninsured, will be paid in full. “After receiving a recommendation from the boards of the FDIC and the Federal Reserve, and consulting with the […]

(WASHINGTON) — Americans lost $10.3 billion to a wide variety of internet scams last year, according to an FBI report released this month. The losses were the highest in five years, according to the annual report from the FBI. The bureau’s Internet Crime Complaint Center (IC3) lodged more than 2,000 complaints per day. The most […]

(NEW YORK) —  The largest bank failure since the 2008 crisis has triggered a major U.S. government intervention to protect the financial system. Silicon Valley Bank, the nation’s 16th largest bank, collapsed on Friday, forcing a government takeover and calling into question the fate of almost $175 billion in customer deposits. On Sunday, Signature Bank, […]

(NEW YORK) — A New York City woman has gone viral for tweeting about her fight for equal pay. Kimberly Nguyen, a 25-year-old user experience writer, tweeted earlier this month that she saw a job listing for a full-time position with her company that pays as much as $90,000 more than what she makes as […]