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 [...]
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 [...]