Economy

Filter

World Economic Forum spotlights the opportunities and risks of AI

By Kelvin Chan, Associated Press

Advances in generative AI stunned the world last year, and the elite crowd is angling to take advantage of its promise and minimize its risks.

WATCH: Congress votes to avert a shutdown and keep the government funded through early March

By Mary Clare Jalonick, Kevin Freking, Associated Press

The temporary measure will run to March 1 for some federal agencies whose approved funds are set to run out Friday and extend the remainder of government operations to March 8.

Billionaire backers of new California city reveal map and details of proposed development

By Janie Har, Associated Press

The Forever California company plans to submit paperwork Wednesday to ask voters on the November ballot to allow them to build the city on agricultural land now protected.

Yellen says current U.S. economic growth ‘vindicates’ Biden’s COVID-19 pandemic stimulus spending

By Fatima Hussein, Associated Press

Treasury Secretary Janet Yellen is making an election-year pitch that the current state of the economy "vindicates" Democrats' decision to pass a $1.9 trillion coronavirus pandemic response package back in 2021.

New regulation proposed by Biden administration would limit overdraft fees at big banks to as low as $3

By Ken Sweet, Cora Lewis, Associated Press

Under the proposal, banks would have to show how much it costs for them to run overdraft services, or instead charge a benchmark fee that could be as little as $3.

Retail sales were up 0.6 percent this holiday season, fueled by a strong job market

By Anne D'Innocenzio, Associated Press

While consumers continue to face higher borrowing costs and prices, spending is being fueled by a strong job market and rising wages.

Supreme Court rebuffs Apple’s court appeal on app payments, threatening billions in revenue

By Mark Sherman, Michael Liedtke, Associated Press

The justices rejected Apple's appeal of lower-court rulings that found some of Apple's app store rules for apps purchased on more than 1 billion iPhones constitute unfair competition under California law.

At Davos, conflict, climate change and AI get top billing as leaders converge for the World Economic Forum

By Jamey Keaten, Associated Press

Climate, conflict and the rise of artificial intelligence round out a to-do list of global priorities at this year's edition of the World Economic Forum gabfest of business, political and other elites.

German farmers and their tractors throng Berlin in protest against fuel subsidy cuts

By Geir Moulson, Associated Press

Over the past week, farmers have blocked highway entrances and slowed traffic across Germany with their protests, intent on pushing Chancellor Olaf Scholz's government to abandon the planned cuts entirely.

Laundry is a top source of microplastic pollution. Here’s how to clean your clothes more sustainably

By Judith Weis, The Conversation

Textiles shed microfibers while they are manufactured, worn and disposed of, but especially when they are washed. A single wash load can release several million microfibers.