Recent findings from the New York Federal Reserve reveal that consumers are increasingly confident in the downward trajectory of inflation rates. While respondents anticipate elevated inflation levels in the upcoming year, there is a growing belief that prices will stabilize and even decline in the years to follow. Notably, the three-year inflation outlook reached a
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Former President Donald Trump made baseless claims over social media, falsely accusing Vice President Kamala Harris of fabricating images of crowd sizes at her rallies using AI technology. Trump alleged that there was no one at the airport to greet Harris, and the image of a large crowd was digitally altered to create an illusion
Barbara Res, the Trump Organization’s former executive vice president of construction and development, has come forward to dispute former President Donald Trump’s account of a helicopter ride that had to make an emergency landing in the 1990s. Res mentioned that the incident occurred while they were working on a major project in California involving local
Senator Elizabeth Warren from Massachusetts has recently expressed concerns about Tesla CEO Elon Musk’s potential conflicts of interest. In a 10-page letter to Tesla Chairwoman Robyn Denholm, Warren questions whether the Tesla board has properly investigated Musk’s use of company resources for his other ventures, including SpaceX, Neuralink, and The Boring Co. Warren, who sits
The Federal Reserve Bank of New York recently reported that Americans currently owe a staggering $1.14 trillion in credit card debt. This represents a significant increase from previous years, with the average balance per consumer now standing at $6,329. The data also indicates a 4.8% year-over-year growth in credit card balances, highlighting a concerning trend
If Vice President Kamala Harris were to become the president, Maryland’s Democratic Gov. Wes Moore believes that she would prioritize small business growth and promote large industry competition as part of her antitrust and regulatory policy. According to Moore, Harris is likely to support initiatives that make it easier for small businesses to thrive while
The recent announcement of John Schulman, co-founder of OpenAI, leaving the company to join Anthropic, an artificial intelligence startup funded by Amazon, has sparked discussions within the tech community. Schulman’s decision to depart from OpenAI comes on the heels of the disbandment of the superalignment team, which was focused on ensuring that AI systems remain
Delta Air Lines recently faced a massive outage that resulted in thousands of flight cancellations. Despite the severity of the situation, Delta reportedly rejected onsite help from CrowdStrike, a cybersecurity company. This decision came as a surprise to many, especially considering the significant financial impact the outage had on the airline. Delta CEO Ed Bastian
The recent announcement by Walgreens to close a significant number of its U.S. stores has sent shockwaves through the retail pharmacy industry. This move comes on the heels of CVS closures and Rite Aid filing for bankruptcy, signaling a troubling trend in the sector. According to GlobalData retail managing director Neil Saunders, the traditional role
Defense Secretary Lloyd Austin recently made headlines by withdrawing the controversial plea deal for the three men accused of planning the 9/11 attacks. This decision has sparked a lot of discussion and debate regarding the role of the US government in handling such high-profile cases. In a surprising move, Secretary Austin signed a memo reserving