Jun 11 U.S. gas prices falling due to weak summer travel demand, experts say By Wyatte Grantham-Philips, Associated Press The AAA motor club says the national average for gas prices on Monday stood around $3.44 a gallon. Continue reading
Jun 10 Apple bringing ‘Apple Intelligence’ to its popular products By Michael Liedtke, Associated Press Apple jumped into the race to bring generative artificial intelligence to the masses during its World Wide Developers Conference Monday, previewing an onslaught of features designed to soup up the iPhone and other devices. Continue reading
Jun 10 Inflation data this week could help determine Fed’s plan for possible interest rate cuts By Christopher Rugaber, Associated Press Chair Jerome Powell will likely reiterate that Fed officials need further confidence that inflation is returning to 2% before they would consider rate cuts. Continue reading
Jun 06 AI ‘gold rush’ for chatbot training data could run out of human-written text as early as 2026 By Matt O'Brien, Associated Press A new study released Thursday by research group Epoch AI projects that tech companies will exhaust the supply of publicly available training data for AI language models by roughly the turn of the decade -- sometime between 2026 and 2032. Continue reading
Jun 05 Disney set to invest up to $17 billion in Florida parks after fight with DeSantis appointees ends By Mike Schneider, Associated Press The five DeSantis-appointed supervisors who oversee the Disney World district on Wednesday gave initial approval to the development agreement that both sides had agreed to negotiate after a March settlement ended their state court lawsuits. Continue reading
Jun 03 PacifiCorp will pay $178 million to Oregon wildfire victims in latest settlement over deadly 2020 blazes By Claire Rush, Associated Press The utility says it has settled nearly 1,500 claims stemming from the Labor Day 2020 wildfires, which killed nine people and destroyed thousands of homes. Continue reading
Jun 03 CEOs got hefty pay raises in 2023 while inflation burdened American workers’ budgets By Mae Anderson, Paul Harloff, Barbara Ortutay, Associated Press The typical compensation package for chief executives who run companies in the S&P 500 jumped nearly 13 percent last year, easily surpassing the gains for workers. Continue reading
Jun 02 Watch 9:11 How racial disparities in financial education affect America’s wealth gap By Laura Barrón-López, Kaisha Young, Mekhi Hill Knowing how to budget and save money are important skills, but not everyone is taught how to do so. Only 25 states require high schoolers to take a personal finance class, and schools with predominantly Black and brown students are… Continue watching
Jun 02 Watch 3:29 A look inside a D.C. retail village helping Black businesses rebound from the pandemic Four years ago, Black-owned businesses were among the hardest hit by pandemic disruptions. Many have rebounded, and in one retail space in Washington, D.C., supporting local Black entrepreneurs has been a key mission. From PBS NewsHour’s Student Reporting Labs, Morgan… Continue watching
May 31 A closely tracked inflation gauge rises at slowest pace this year By Christopher Rugaber, Associated Press A price gauge closely tracked by the Federal Reserve cooled slightly last month, a sign that inflation may be easing after running high in the first three months of this year. Continue reading