Breaking News

Local Business

AI slump raises concerns for investors’ spending

Technology companies are spending big to incorporate artificial intelligence into their businesses and to build huge data centers. Investors who had jumped on the bandwagon appear to be having second thoughts. Proponents of artificial intelligence see it as the next great revolution for the global economy. The revolution won’t come cheap. Just four companies — Alphabet, Amazon, Meta Platforms and Microsoft — plan to spend up to $720 billion this year, primarily on AI data centers. This week, investors are looking at the huge sums being spent and questioning whether AI can produce ...

Senate passes housing bill aimed to lower prices

WASHINGTON — The Senate passed a bipartisan housing bill on Monday that aims to reduce federal regulations and expand local control, one of the most sweeping efforts in recent decades to increase supply and bring down prices. The bill, which passed 85-5 and now heads to the House, has been ...

Mexico’s president seeks to restart oil shipments to Cuba

MEXICO CITY (AP) — Mexican President Claudia Sheinbaum said Monday that her country seeks to restart oil shipments to Cuba soon, a move that could provide much-needed relief as the island’s crises deepen given a lack of petroleum. Sheinbaum said her administration would seek to send the oil via commercial and privately owned firms instead of state-owned companies as it has done in the past. Mexico became a key fuel supplier to Cuba after the U.S. attacked Venezuela in early January and halted critical oil shipments. But those shipments, which had already been reduced, were ...

Ticker: Top auto regulator opens special probe

The top U.S. auto regulator has opened an investigation after a Tesla using an automated driving feature slammed into a Texas home at high speed and killed a 76-year-old woman standing inside. The National Highway Traffic Safety Administration said Monday it was opening a special investigation into the Tesla Model 3 crash, a significant probe since it involves technology that Elon Musk considers key to Tesla’s future. The Tesla CEO is rolling out robotaxis using automated software in several U.S. cities this year. Tesla did not immediately reply to a request for comment. Quieter ...

Survey polls working parents

NEW YORK — Most mothers and fathers who work full-time say they sometimes parent while at work and vice versa. Most are upset to miss out on events with their kids, and many don’t have enough time to exercise. But moms and dads seem to have different perceptions on who does most of the ...