Business

(WASHINGTON) — The White House and Wall Street will closely watch Wednesday’s inflation report for any signs that the Federal Reserve’s aggressive cooldown efforts are working. After falling dramatically over the course of last year, inflation has accelerated in recent months. Recalcitrant prices have forced the Fed to postpone highly anticipated interest rate cuts, leaving […]

(NEW YORK) — An oft-touted advantage of owning an electric vehicle is one-pedal driving, when drivers can slow down a vehicle simply by lifting off the throttle. But as more Americans swap their gas-powered cars and trucks for an EV, some are also realizing there are drawbacks to the one-pedal lifestyle. “It can cause some […]

(NEW YORK) — OpenAI announced a desktop version of its conversation bot ChatGPT on Monday as well as the latest iteration of the AI language model that fuels the chatbot. The fresh model offers improved speed and interactive capability when compared with the company’s previous model GPT-4, OpenAI Chief Technology Mira Murati said at an […]

(NEW YORK) — McDonald’s could soon be lowering prices and possibly launching a new value meal to its menus. The Golden Arches currently offer some individual items on its $1, $2, $3 menu, but it may be rolling out a new value meal with a McChicken or McDouble, fries and a drink for just $5, […]

(NEW YORK) — Roughly 15 years after a housing bubble triggered the worst U.S. financial disaster since the Great Depression, some observers are voicing concern that the industry has fallen into another bubble. Home prices are soaring, despite high mortgage rates that in theory should crimp demand and push down prices. The share of U.S. […]

(NEW YORK) — Target has announced that it will only sell their Pride Month collection in select stores after suffering a backlash and boycott last year during the 2023 Pride season. The company says that instead of offering their Pride Month collection merchandise across all stores, they will be “offering a collection of products including […]

(NEW YORK) — The borrowing cost for student loans is poised to reach a 16-year high. The interest rate on a federal undergraduate student loan is expected to climb to 6.5% in July, which would mark its highest level since 2008, financial-aid expert Mark Kantrowitz told ABC News. The current interest rate of a new […]

(NEW YORK) — ByteDance, the parent company of TikTok, struck the latest blow in a high-stakes clash between the social media company and the U.S. government, filing a lawsuit this week challenging a forced sale of TikTok as unconstitutional. The case could nullify the measure enacted last month that requires ByteDance to sell the platform […]

(NEW YORK) — TikTok announced on ABC News’ Good Morning America Thursday morning that beginning immediately, the social media giant will automatically label Artificial Intelligence-generated content when it is uploaded from certain platforms. “Our users and our creators are so excited about AI and what it can do for their creativity and their ability to […]

(MOUNT PLEASANT, Wis.) — President Joe Biden is set to announce on Wednesday a $3 billion investment by tech giant Microsoft to build an artificial intelligence data center in southeast Wisconsin. The sprawling facility will be located on the same plot of land where, in 2018, former President Donald Trump announced a multi-billion dollar investment […]