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Elon Musk cannot keep Tesla compensation package worth more than $55 billion, judge rules

By Associated Press

A judge says Elon Musk must give up a compensation package awarded by Tesla's board of directors that is potentially worth more than $55 billion.

ChatGPT violated European Union privacy laws, Italy tells chatbot maker OpenAI

By Kelvin Chan, Associated Press

Italian regulators say they informed OpenAI that its ChatGPT artificial intelligence chatbot has violated European Union's stringent data privacy rules.

Elon Musk says the first human has received an implant from Neuralink, but details are scant

By Wyatte Grantham-Philips, Laura Ungar, Associated Press

In a Monday post on X, the platform formerly known as Twitter, Musk said that the patient received the implant the day prior and was recovering well. The billionaire did not provide additional details about the patient.

The IRS is launching a direct file pilot program for the 2024 tax season — here is how it will work

By Fatima Hussein, Associated Press

The Direct File pilot program is set to be rolled out in phases. First, select government employees are being invited to participate. It will expand to certain other taxpayers in February and March.

Economists expect Federal Reserve to cut rates sometime this year as inflation slows

By Christopher Rugaber, Associated Press

Inflation is getting close to the Fed’s target rate, the economy is still growing at a healthy pace and the unemployment rate is near a half-century low. Most economists say they expect the first rate cut to occur in May…

WATCH: Yellen delivers remarks in Chicago on U.S. economic growth and investments

By Fatima Hussein, Associated Press

Treasury Secretary Janet Yellen is visiting the Midwest this week to make a case for the Biden administration's economic agenda and offer a reminder about the Trump administration tax cuts, which she says added to the deficit and did little to promote…

U.S. economy surprises with strong 3.3% growth in last quarter

By Paul Wiseman, Associated Press

The gross domestic product decelerated from its sizzling 4.9% growth rate the previous quarter.

FAA approves inspection process that could clear the way for grounded Boeing planes to fly again

By David Koenig, Associated Press

The Federal Aviation Administration said Wednesday that it approved an inspection and maintenance process that the planes must go through. After that, they will be allowed to carry passengers again.

Americans’ economic outlook brightens as inflation slows and wages outpace prices

By Christopher Rugaber, Associated Press

After an extended period of gloom, Americans are starting to feel better about inflation and the economy — a trend that could sustain consumer spending, fuel economic growth and potentially affect President Joe Biden's political fortunes.

Biden administration targets transaction-declined fees, considered another type of bank ‘junk fee’

By Ken Sweet, Associated Press

The Biden administration has proposed banning another type of bank "junk fee," targeting fees that are typically charged by banks when a transaction is declined in real time.