Economy - Page 8

Legendary filmmakers Steven Spielberg and Martin Scorsese have hurled buckets of ice-cold water all over the anti-AI Luddites.

AI powerhouse Anthropic announced on Monday that it has confidentially filed its IPO prospectus with the SEC, establishing the framework for what could become a historic IPO potentially valuing the company at more than $1 trillion.

If you are looking at the headline data in the government’s economic report, it is easy to miss the artificial intelligence investment boom.

Retailers still remembering the backlash from the corporate queering scandals of 2023 under the Biden administration and are scaling back their “pride” month offerings for children this year.

A professor at Grambling State University in Louisiana says he will fail any student caught using AI. “I get paid the same whether I pass you or fail you,” he said.

The Commerce Department’s ‌Census Bureau reported on Monday that construction spending rose 0.4 percent in March, twice as much as expected.

New orders and output measures rose sharply in May.

Cybersecurity researchers have identified a growing class of attacks that exploit AI chatbots through sophisticated conversational manipulation rather than traditional technical hacking methods.

On Friday’s edition of NBC’s “Meet the Press NOW,” Rep. Adam Smith (D-WA) said Democrats “don’t have as clear an economic plan as we should.” And “We spent a lot of money, and some on the left advocated the theory

Billionaire investor Peter Thiel has reportedly moved his family to Buenos Aires, Argentina, in order to get away from high taxes in the United States — and to flee what he suspects will be a nuclear war and runaway AI.

Elon Musk has created uncertainty among potential investors after posting details about SpaceX’s partnership with Anthropic on social media that appear to contradict information in the company’s IPO filing.

This week the economy failed to get indigestion from the high price of gas, Treasury Secretary Scott Bessent told us about getting fed at the Fed, Trump put something new in the app stores, and everyone started dreaming about putting a couple of Donalds in their wallet.

The Securities and Exchange Commission (SEC) on Friday proposed to rescind a Biden rule that required publicly-listed companies to disclose alleged climate risks.

The U.S. Treasury Department on Thursday announced new sanctions on Iranian oil sales in a bid to choke off funding for Iran’s military apparatus.

Speaking at the Reagan Presidential Foundation, Bessent delivers what may be the most comprehensive public statement of the Trump economic vision yet.

Ferrari CEO Benedetto Vigna defended the $640,000 price tag of the luxury automaker’s first EV on Thursday, emphasizing the model’s innovation and strong customer demand. Despite the CEO’s positivity, the electric vehicle has been slammed by Ferrari fans and investors alike.

A closely watched gauge of Midwest business activity posted one of its largest monthly gains on record, suggesting that U.S. economic growth accelerated this spring.

The Commerce Department reported Friday that the goods trade deficit fell to $82.4 billion in April from $85.3 billion in March.

An unidentified corporation reportedly spent half a billion dollars on Claude AI in just one month after failing to implement usage restrictions on employee licenses, highlighting growing concerns about runaway AI costs in corporate America.

Blue Origin’s massive New Glenn rocket exploded during a static fire test at Cape Canaveral, Florida, marking the most severe setback in the history of Jeff Bezos’ SpaceX competitor.

Dumb people are crowing over the fact that Byron Allen’s Comics Unleashed drew only 878,000 viewers, which is less than the 2.15 million his oh-so sacred predecessor, Stephen Colbert, drew on average.

On Thursday’s edition of NBC’s “Meet the Press NOW,” Rep. Debbie Wasserman Schultz (D-FL) said that “hundreds of millions of Americans appreciate and thank Joe Biden for his lifetime of service to this country, for the fact that, when he

During Thursday’s broadcast of Fox Business Network’s “Mornings with Maria,” Rep. Bill Huizenga (R-MI) argued for a federal gas tax holiday.

Treasury Sec. Scott Bessent has confirmed rumors that his department has prepared prototypes of a $250 bill featuring the president’s face, though an act of Congress would be needed to actually make such a bill a reality.

Someone forgot to tell American consumers that they are supposed to be deeply depressed.

Democrat Governor Maura Healey’s welcoming agenda for illegal migrants is inviting dangerous criminals into the streets.

Congressional Progressive Caucus Chair Greg Casar called on his fellow lawmakers to levy a tax on companies that execute “AI-driven layoffs.”

Americans kept spending in April even as gasoline prices continued to surge, a sign that higher energy costs have not forced a broad retreat in household outlays.

Mark Zuckerberg’s Meta announced Wednesday it will launch paid premium subscriptions globally for its major social media platforms, introducing Facebook Plus, Instagram Plus and WhatsApp Plus alongside new Meta AI subscription tiers.

Google’s YouTube platform is rolling out major changes to how it identifies and displays AI-generated content, introducing automatic detection capabilities and more visible labels for viewers.

The Commodity Futures Trading Commission asked the courts to drop a Biden-era lawsuit against digital currency exchange Gemini.

The personal consumption expenditures price index moved up 0.4 percent last month compared with March, according to the Commerce Department’s Bureau of Economic Analysis. Economists had forecast the index would rise by 0.5 percent. 

The promised Trump Accounts app is now available nationwide, delivering on ‌a key policy initiative that aims to deliver millions of investment accounts ‌for children.