Federal Reserve officials caution against cutting rates too soon or too much

WASHINGTON (AP) — Several Federal Reserve policymakers last week warned against cutting interest rates too soon or by too much in the wake of recent data showing inflation stayed unexpectedly high in January. Their comments echoed the minutes released Feb. 21 from the Fed's last meeting in January. The minutes showed that most central bank [...]

By |2024-02-28T10:19:08-05:00Tuesday, February 27, 2024|

Tribes gain new authority to stop hydropower projects

Federal regulators have granted Native American tribes more power to block hydropower projects on their land after a flurry of applications were filed to expand renewable energy in the water-scarce Southwest. Previously, the Federal Energy Regulatory Commission granted developers approval to move ahead with planning even if tribes objected. That practice came to an end [...]

By |2024-02-28T10:19:15-05:00Tuesday, February 27, 2024|

U.S. piles new sanctions on Russia as war with Ukraine hits two-year mark

WASHINGTON (AP) — The United States last week piled new sanctions on Russia on the eve of the second anniversary of its invasion of Ukraine and in retaliation of the death of noted Kremlin critic Alexei Navalny earlier this month in an Arctic penal colony. The U.S. Treasury, State Department and Commerce Department imposed roughly [...]

By |2024-02-28T10:19:26-05:00Tuesday, February 27, 2024|

Wind farm off Massachusetts coast begins delivering power to grid

BOSTON (AP) — Vineyard Wind, the wind farm under construction off the coast of Massachusetts, has begun delivering energy to the power grid from five of its planned 62 wind turbines, company and state officials said. The five turbines are operating at full capacity, generating 68 megawatts of power — enough to power about 30,000 [...]

By |2024-02-28T10:19:35-05:00Tuesday, February 27, 2024|

Supreme Court of Ohio to hear case involving airport land dispute

A majority of Ohio Supreme Court justices were persuaded to accept the appeal of an Olmstead Township property owner who has alleged the expansion of a runway at Cleveland Hopkins International Airport amounted to an uncompensated taking of adjacent real estate. The attorney for Fouad Inc., the titled owner of residential property at 24505 Barrett [...]

By |2024-02-27T15:53:01-05:00Monday, February 26, 2024|

OpenAI and Intel leaders emphasize need for increased chip production to power AI

SAN JOSE, Calif. (AP) — Two tech CEOs said production of sophisticated chips will need to greatly increase to support the fast-growing artificial intelligence industry. Intel CEO Pat Gelsinger and OpenAI CEO Sam Altman discussed the topic during a conference in San Jose, Calif., last week. The discussion came a few hours after chipmaker Nvidia [...]

By |2024-02-27T15:53:14-05:00Monday, February 26, 2024|

IRS says it plans to pursue executives who use business jets for personal travel

WASHINGTON (AP) — IRS officials last week said there will be more scrutiny on executives' personal use of business aircraft who write it off as a tax expense. IRS leadership said the agency will start conducting dozens of audits on businesses' private jets and how they are used personally by executives and written off as [...]

By |2024-02-27T15:53:22-05:00Monday, February 26, 2024|
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