Sep 21 Fighting inflation likely to be 'painful,' Chicago Fed president says By Christopher Rugaber, Associated Press A top Federal Reserve official said Monday that the central bank may have to cause economic pain in the form of higher unemployment to combat stubbornly high inflation. Continue reading
Sep 20 Federal Reserve rate hike reflects new world of sticky inflation and faster growth By Christopher Rugaber, Associated Press The low interest-rate, low-inflation world that lasted for nearly 15 years after the Great Recession is over and a higher-priced, higher-rate world is taking its place. Continue reading
Sep 18 Watch 5:27 News Wrap: Newsom signs order for AI safety in California In our news wrap Friday, California Gov. Gavin Newsom signed an executive order that aims to speed up safety measures for AI, including a possible 'kill switch' for advanced models, President Trump announced that all 50 states will participate in… Continue watching
Sep 17 OpenAI reveals concerning new AI behavior and vows to track it more closely By Chan Ho-him, Associated Press An unreleased research model inserted “jailbreak-like instructions” into its own notes to disregard its normal constraints and told itself to be “freed from the roles and identities that bind other chatbots.”… Continue reading
Sep 16 EU chief Ursula von der Leyen proposes Canada becoming the bloc's 1st associate member By Rob Gillies, Associated Press Speaking in Charlotte, North Carolina, Trump suggested that allowing Canada to become an associate EU member could be a “hostile act” and threatened to respond to the proposed move by imposing more tariffs on the bloc. Continue reading
Sep 16 Watch 6:54 Interest rate hike a 'reassuring' sign Fed is acting independently, economist says By Geoff Bennett, Courtney Norris The Federal Reserve raised interest rates by a quarter of a point, the first hike in three years. It comes as the war in Iran continues to put pressure on prices and is the first major move by Fed Chair… Continue watching
Sep 16 Watch 11:08 Cuban official on Trump's threats as tensions with U.S. rise By Amna Nawaz, Veronica Vela For months, the Trump administration has ramped up pressure and threats against Cuba. A de facto oil blockade now means hours of blackouts, plus food and water shortages for millions on the island. While President Trump has threatened a takeover,… Continue watching
Sep 16 U.S. stocks slip after the Fed raises interest rates, hints more hikes may be on the way By Stan Choe, Associated Press U.S. stocks slipped Wednesday after the Federal Reserve hiked its main interest rate for the first time in three years and suggested more may be ahead as it tries to get the nation’s high inflation under control. Continue reading
Sep 16 What the Fed rate hike likely means for you By Paul Wiseman, Associated Press Bad news for borrowers, good news for savers. Continue reading
Sep 16 Retail sales rise better-than-expected 1.2% in August By Anne D'Innocenzio, Associated Press The strong spending report comes as the Federal Reserve is widely expected to lift its short-term interest rate Wednesday for the first time in three years to fight stubbornly high inflation. Continue reading