Aug 12 Why economists are criticizing Trump's nominee to oversee data on jobs and inflation By Christopher Rugaber, Josh Boak, Associated Press President Donald Trump has selected E.J. Antoni, chief economist at the conservative Heritage Foundation, to be the next commissioner at the Labor Department's Bureau of Labor Statistics. Antoni's nomination was quickly met with a cascade of criticism from other economists. Continue reading
Aug 12 Watch 4:39 How to beat AI-driven custom pricing By Tim McPhillips, Daria Nastasia There are new concerns around how artificial intelligence might be used to set prices for products, such as airfare. It comes after Delta Airlines announced it was using AI to help adjust prices on some of its flights. Tim McPhillips… Continue watching
Aug 12 U.S. inflation remained flat in July, though core prices accelerated By Christopher Rugaber, Associated Press Excluding the volatile food and energy categories, core prices rose 3.1%, up from 2.9% in June. Continue reading
Aug 08 WATCH: How to buy plane tickets in the AI era By Tim McPhillips, Daria Nastasia Delta is using artificial intelligence to help set some airfare prices. That has sparked fears that the airline, or any airline in the future, could create a custom price for you, using your data to find how much you would… Continue reading
Aug 07 Watch 5:44 As Trump's tariffs kick in, economist breaks down inflation and recession warning signs By Geoff Bennett, Jackson Hudgins After months of delay and backroom dealmaking, the Trump administration has imposed sweeping tariffs on nearly 100 countries, sending U.S. import duties soaring to their highest levels in nearly a century. To help break down the impact of the new… Continue watching
Aug 07 Trump opens door for 401(k) retirement plans to invest in private equity and crypto By Ken Sweet, Associated Press Millions of Americans saving for retirement through 401(k) accounts could have the option of putting their money in higher-risk private equity and cryptocurrency investments, according to an executive order signed Thursday by President Donald Trump that could give those financial players long-sought access to a… Continue reading
Aug 07 WATCH: Trump presents data with economist Stephen Moore, days after BLS chief fired By Associated Press The White House invited journalists into the Oval Office Thursday afternoon for a surprise appearance by conservative economist Stephen Moore. President Donald Trump also said he would meet with Russian President Vladimir Putin even if the Russian leader won’t meet… Continue reading
Aug 07 OpenAI releases hotly anticipated GPT-5 update By Associated Press Expectations are high for the newest version of OpenAI's flagship model because the San Francisco company has long positioned its technical advancements as a path toward artificial general intelligence, or AGI, a technology that is supposed to surpass humans at… Continue reading
Aug 07 Trump's planned 100% tariff on computer chips sparks confusion By Matt O'Brien, Mae Anderson, Associated Press The U.S. imports a relatively small number of chips because most of the foreign-made chips in a device — from an iPhone to a car — were already assembled into a product, or part of a product, before it landed… Continue reading
Aug 07 Trump says Intel's CEO must resign, sending its stock tumbling By Michelle Chapman, Associated Press President Donald Trump made a social media post after Sen. Tom Cotton sent a letter to Intel Chairman Frank Yeary expressing concern over CEO Lip-Bu Tan’s investments and ties to semiconductor firms that are reportedly linked to the Chinese Communist… Continue reading