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Federal Reserve board member says he’s leaning toward an interest rate cut

WASHINGTON (AP) — A top Federal Reserve official earlier this week said he is leaning toward supporting an interest rate cut when the Fed meets in two weeks, but that evidence of persistent inflation before then could cause him to change that view. Speaking at George Washington University, Christopher Waller, a key member of the [...]

By |2024-12-06T10:43:57-05:00Thursday, December 5, 2024|

Retailers increasingly use AI to assist shoppers

A growing number of retailers is incorporating artificial intelligence to assist shoppers with their online shopping. Anyone scouring the internet for holiday shopping deals is likely going to encounter more conversational iterations of the chatbots that some retailers and e-commerce sites have built to provide shoppers with enhanced customer service. Some companies have integrated models [...]

By |2024-12-05T15:21:38-05:00Wednesday, December 4, 2024|

Economy grew at 2.8% rate from July through September

WASHINGTON (AP) — The nation’s economy expanded at a 2.8 percent annual pace from July through September on consumer spending and a surge in exports, the federal government said last week, leaving unchanged its initial estimate of third-quarter growth. The country’s gross domestic product — the economy’s output of goods and services — slowed from [...]

By |2024-12-03T10:19:34-05:00Monday, December 2, 2024|

Rebranding companies comes with risks

LONDON (AP) — When Katja Vogt considers a Jaguar, she pictures a British-made car purring confidently along the Italian coastline — a vision of familiarity that conveys “that dreaming, longing feeling we all love.” She’s not sure what to think about Jaguar now after the 89-year-old company announced a rebranding last week that featured loud [...]

By |2024-12-02T10:30:24-05:00Wednesday, November 27, 2024|

Budget airlines offer premium options in effort to improve their bottom lines

DALLAS — Delta and United have become the most profitable U.S. airlines by targeting premium customers while also winning back a significant share of travelers on a tight budget. That is squeezing smaller low-fare carriers such as Spirit Airlines, which filed for bankruptcy protection last week. Some travel-industry experts think Spirit’s troubles indicate that travelers [...]

By |2024-11-26T09:10:29-05:00Tuesday, November 26, 2024|

Although electric-vehicle sales have slowed, automakers make plans to add more models

Even though sales of electric vehicles aren’t growing as fast as in past years, automakers are moving ahead with new models that are expected to appeal to mainstream buyers. Family haulers are the latest to see a new entry, with Hyundai unveiling the Ioniq 9 electric SUV last week ahead of the Los Angeles Auto [...]

By |2024-11-26T09:11:04-05:00Monday, November 25, 2024|

Nvidia rivals focus on building a different type of computer chip to power AI products

SANTA CLARA, Calif. (AP) — The development of the current crop of artificial intelligence chatbots has relied on specialized computer chips pioneered by Nvidia, which dominates the market and has made itself the poster child of the AI boom. The same qualities that make those graphics processor chips, or GPUs, so effective at creating powerful [...]

By |2024-11-25T10:33:08-05:00Friday, November 22, 2024|

NHTSA updated safety ratings will include new technologies

DETROIT (AP) — The federal government’s automobile safety ratings will get an update starting with the 2026 model year when regulators add new driver-assistance technologies and tests for protecting pedestrians. The National Highway Traffic Safety Administration earlier this week said that it has finalized the changes, which were required by Congress under the 2021 bipartisan [...]

By |2024-11-22T13:24:23-05:00Thursday, November 21, 2024|
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