Mar 04 WATCH: Trump hosts AI leaders to sign pledge that households won't bear utility bill increases By Josh Boak, Matthew Daly, Associated Press President Donald Trump invited technology companies to the White House on Wednesday to commit to developing their own power generation as he tries to ease tensions over the cost of electricity used by data centers to develop artificial intelligence. Continue reading
Mar 04 WATCH: IRS head testifies in House hearing as April tax deadline approaches By Fatima Hussein, Associated Press The head of the IRS largely declined to answer questions about recent unlawful disclosures of taxpayer data when he was questioned by lawmakers at a congressional hearing on Wednesday, saying they happened before his tenure began. Continue reading
Mar 03 The U.S. economy is already unsteady. A war in Iran could add to that uncertainty By Christopher Rugaber, Associated Press A longer war that pushed oil past $100 a barrel for an extended period would likely boost inflation, at least temporarily. Continue reading
Mar 02 U.S. stocks rebound from sharp losses, while oil prices leap on worries about Iran war By Stan Choe, Associated Press Oil prices leaped Monday on worries that war with Iran could clog the global flow of crude and make inflation even worse. U.S. stocks, meanwhile, swung from sharp losses to a tiny gain. Continue reading
Feb 27 AI is key driver behind layoffs at fintech company Block, CEO says By Elaine Kurtenbach, Associated Press Shares in the financial technology company Block soared more than 20% in premarket trading Friday after its CEO announced it was laying off more than 4,000 of its 10,000 plus employees, reconfiguring to capitalize on its use of artificial intelligence. Continue reading
Feb 26 Netflix walks away from Warner Bros deal, clearing path for Paramount takeover By Wyatte Grantham-Philips, Associated Press On Thursday, after Warner’s board announced that Skydance-owned Paramount’s offer was superior to the agreement it had previously struck with Netflix, the streaming giant said the new price it would have to pay to acquire Warner would make the deal… Continue reading
Feb 26 Average U.S. long-term mortgage rate dips below 6% for the first time since 2022 By Alex Veiga, Associated Press The benchmark 30-year fixed rate mortgage rate fell to 5.98% from 6.01% last week, mortgage buyer Freddie Mac said Thursday. One year ago, the rate averaged 6.76%. Continue reading
Feb 26 If you have federal student loan debt, here's what experts want you to know By Hannah Grabenstein Eventually, the changes will streamline the system and reduce the number of repayment options, but right now, trying to understand what’s happening is a little like staring into a bowl of alphabet soup (except that soup is made of money). Continue reading
Feb 24 Paramount has raised its takeover offer to $31 per share, Warner Bros. says By Wyatte Grantham-Philips, Associated Press Warner Bros. Discovery said that Paramount has raised the price of its takeover offer to $31 per share, potentially setting the stage for a fresh bidding war with Netflix over the future of the Hollywood giant. Continue reading
Feb 24 FedEx joins other U.S. companies, seeks a full refund after Trump tariffs are ruled illegal By Michelle Chapman, Associated Press FedEx said in a filing with the U.S. Court of International Trade that they have "suffered injury" from having to pay the tariffs… Continue reading