WASHINGTON — The Federal Reserve is widely expected to lift its short-term interest rate Wednesday for the first time in three years to fight stubbornly high inflation, a move that would put the central bank at odds with President Donald Trump’s support for a cut. A quarter-point increase ...
WASHINGTON — The technology industry’s increasingly urgent warnings about the potential harm of artificial intelligence are slamming into political intransigence in Washington, offering a fresh test of the federal government’s willingness and ability to confront what may become a defining issue of the era. President Donald Trump is leading the opposition to recent calls by tech leaders seeking greater government oversight, including Anthropic’s Dario Amodei, OpenAI’s Sam Altman and xAI’s Elon Musk. The president dismissed efforts to limit the technology on Monday as a ...
The U.S. stock market slipped as oil prices and the bond market cranked up the pressure on Wall Street. The S&P 500 fell 0.4% Tuesday. The Dow Jones Industrial Average dropped 0.6%, and the Nasdaq composite sank 0.8%. They felt pressure as the yield on the 10-year Treasury climbed with oil prices. Higher yields mean everyone must pay more in interest to borrow money, which slows the overall economy. They also make people less willing to pay high prices for stocks because they can earn more from sitting in bonds, which are considered safer investments. Carney: Canada can be stronger ...
WASHINGTON — President Donald Trump on Monday lashed out against concerns about rogue artificial intelligence, claiming that any efforts to limit the technology are part of a “SICK conspiracy.” “AI taking over the World, destroying Humanity, and all other things bad, is a HOAX,” ...
WTAJ-TV has debuted a new local news and discussion program, Daily News Wrap, airing weeknights at 7 p.m. on WTAJ and WTAJ+. Hosted by WTAJ anchor Paula McKenna, Daily News Wrap takes viewers beyond the headlines by providing context, conversation and insight into the day’s biggest local stories. The program features discussions with WTAJ journalists and special guests, offering a deeper look at the issues, events and developments impacting communities across central Pennsylvania. The 30-minute program recaps major local news stories, explores developing issues and provides analysis ...
AI stocks slid worldwide after leaders of the industry warned a slowdown is needed for the safety of humanity. Another climb in oil prices, meanwhile, briefly sent the yield on the 10-year Treasury to 5% on Monday for the first time since 2023. Despite all the downers, gains for many stocks outside AI helped limit Wall Street’s losses. The S&P 500 fell 0.5%. The Dow Jones Industrial Average dipped 0.3%, and the Nasdaq composite lost 0.6%. Brent crude’s price settled at $105.68 per barrel after nearing $110 in the morning. The afternoon’s retracement for oil prices pull the ...
