President Donald Trump has nominated Michelle Bowman to oversee the Federal Reserve’s financial regulatory efforts. Bowman was appointed by Trump in 2018 to serve on the Fed’s governing board. She replaces Michael Barr as the Fed’s vice chair for Supervision, after Barr stepped down last month to avoid a legal fight that could have ensued [...]
NEW YORK (AP) — Google owner Alphabet plans to buy cybersecurity firm Wiz for $32 billion in a deal set to boost the tech giant’s in-house cloud computing amid burgeoning artificial intelligence growth. If closed, the all-cash transaction will become Google’s most expensive acquisition in the company’s 25-year history. The purchase gives Google new momentum [...]
BANGKOK (AP) — China’s energy and auto giant BYD has announced an ultra-fast EV charging system that it says is nearly as quick as a fill up at the pumps. BYD, China’s largest EV maker, said that its flash-chargers can provide a full charge for its latest EVs within five to eight minutes, similar to [...]
A study released this week in the Proceedings of the National Academy of Sciences finds that even in the most optimistic scenarios, grass-fed beef produces no fewer planet-warming carbon emissions than industrial beef. The finding calls into question the frequent promotion of grass-fed beef as a more environmentally friendly option. Still, other scientists say grass-fed [...]
WASHINGTON (AP) — Shoppers increased their spending in February after a pullback the previous month. Retail sales rose 0.2 percent in February, a rebound after a drop of 1.2 percent in January, the Commerce Department said earlier this week. Sales rose at grocery stores, home and garden stores, and online retailers. Sales fell at auto [...]
WASHINGTON (AP) — As the Federal Reserve prepares to meet this week, the central bank and its chair, Jerome Powell, are facing some possible economic challenges. Inflation slowed last month, but is still elevated. At the same time, consumer and business confidence have declined, which could slow the economy. Fed officials are expected to keep [...]
MEXICO CITY (AP) — The videos roll through TikTok in 30-second flashes. They include migrants trekking in camouflage through dry desert terrain, dune buggies roaring up to the United States-Mexico border barrier and families with young children passing through gaps in the wall. Helicopters, planes, yachts, tunnels and jet skis stand by for potential customers. [...]
The next time you get a call about an upcoming medical appointment you may not be talking to a human. Hospitals are increasingly using artificial intelligence assistants to handle scheduling, preparation and patient questions about surgeries and other medical procedures. It’s the latest example of AI’s inroads into health care, where hospital executives are adopting [...]
The Trump administration’s tariffs on imported goods from Canada, Mexico and China — some already in place, others set to take effect in a few weeks — already are driving up the cost of building materials used in new residential construction and home remodeling projects. The tariffs are projected to raise the costs that go [...]
Forever 21 has filed for bankruptcy protection for a second time as competition from online retailers such as Amazon, Temu and Shein intensifies. F21 OpCo, which runs Forever 21 stores, said late Sunday that it will wind down the business in the United States under Chapter 11 bankruptcy protection while determining if it can continue [...]