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WASHINGTON (AP) — The Federal Reserve’s preferred measure of inflation slowed a bit in September, which could lead to an interest rate cut by the central bank at its meeting this week. Prices rose 0.3 percent in September from August, according to a new report from the Commerce Department, the same rate as the previous [...]
NEW YORK (AP) — The U.S. Department of Health and Human Services has outlined a strategy to expand its use of artificial intelligence, building on the Trump administration’s embrace of the rapidly advancing technology while raising questions about how health information would be protected. HHS billed the plan as a “first step” focused largely on [...]
The average rate on a 30-year mortgage fell again last week, slipping close to its low point so far this year. The decline brings the average long-term mortgage rate to 6.19 percent from 6.23 percent the previous week, according to mortgage buyer Freddie Mac. A year ago, the rate averaged 6.69 percent. It is the [...]
NEW YORK (AP) — Netflix has struck a deal with Warner Bros. Discovery, the Hollywood studio behind “Harry Potter” and “Friends,” to buy its studio and streaming business for $72 billion. The acquisition would bring two of the industry’s biggest players in film and TV under one roof. Beyond its namesake television and motion picture [...]
WASHINGTON (AP) — President Donald Trump last week announced a proposal to change vehicle mileage rules for the auto industry, loosening regulatory pressure on automakers to control pollution from gasoline-powered cars and trucks. The plan, if finalized next year, would reduce fuel economy requirements, which set rules on how far new vehicles need to travel [...]
The longest federal government shutdown on record cost Delta Air Lines an estimated $200 million, CEO Ed Bastian said last week in the first disclosure by a United States airline regarding the shutdown’s financial impact. Bastian told investors that refunds “grew significantly” as bookings also slowed amid the uncertainty in air travel caused by the [...]
WASHINGTON (AP) — Applications for unemployment benefits fell to their lowest level in more than three years two weeks ago, potentially complicating the Federal Reserve’s decision this week on interest rates. The number of Americans applying for jobless benefits for the week ending Nov. 29 fell to 191,000 from the previous week’s 218,000, according to [...]
SAN FRANCISCO (AP) — After riding the artificial-intelligence craze to new heights, business software maker Salesforce has been hit by a wave of investor skepticism that’s intensified the pressure on its CEO Marc Benioff to reverse the tide. Benioff, who helped spearhead the transition to cloud computing after founding Salesforce in 1999, got a chance [...]
NEW YORK (AP) — Macy’s posted a surprise third-quarter profit and its strongest comparable sales in more than three years as an extensive overhaul of the 167-year-old New York department store begins to resonate with shoppers. After posting its back-to-back quarterly jumps in comparable sales, Macy’s earlier this week raised its financial guidance for the [...]
NEW YORK (AP) — Billionaires Michael and Susan Dell have pledged $6.25 billion to provide 25 million American children 10 and under an incentive to claim the new investment accounts for children created as part of President Donald Trump’s tax and spending legislation. The historic gift has little precedent, with few single charitable commitments in [...]