BALTIMORE — The state of Maryland has added to the legal troubles facing the owner and operator of the container ship Dali, which caused the deadly collapse of the Francis Scott Key Bridge after the massive vessel experienced an ill-timed electrical blackout and other failures. Officials announced a new lawsuit Tuesday that echoes several other … Read more
NEW YORK — As the use of artificial intelligence is expands, more small firms say they’re harnessing AI to help their businesses. In a survey by The U.S. Chamber of Commerce and Teneo, nearly every small business — 98% — said they are utilizing a tool that is enabled by AI. Forty percent said they’re … Read more
WASHINGTON — American consumers are feeling less confident this month as concerns about jobs rose significantly. The Conference Board, a business research group, said Tuesday that its consumer confidence index fell to 98.7 in September, from 105.6 in August. It was the biggest month-to-month decline since August of 2021. The survey was conducted before the … Read more
In his first week in office, President Joe Biden has reimposed a host of COVID-19 travel restrictions, while also repealing Donald Trump’s discriminatory Muslim ban. The actions mean the US will now start allowing visitors from predominantly Muslim and African countries who were previously restricted from entering the US under Trump. At the same time, … Read more
Two of the major hedge funds targeted by investors on Reddit pushing up the stock price of GameStop have waved expensive flags of defeat and sold out of their investments, losing millions of dollars. On Wednesday, the stock price of GameStop (GME), the mall retailer for video games, soared 134%, a staggering increase of 748% … Read more
“Testing is important and extracting people who test positive is important, but people rely too heavily on testing. They’re lulled into a false sense of security by thinking that everyone on set is tested so they are safe, when the testing is only a snapshot. It’s just a moment in time,” the Warner Bros. employee … Read more
SAVANNAH, Ga. — Donald Trump’s new idea to lure foreign companies to the U.S. is to offer them access to federal land. In a visit to Georgia on Tuesday, the former president and GOP presidential nominee is set to unveil what is billed as “a pitch to foreign companies” to revive manufacturing. He teased the … Read more
Wall Street was barely higher in early trading on a mostly quiet Tuesday as markets adjust to the reality that inflation is no longer the dominant theme of the U.S. economy. Futures for the S&P 500 and the Dow Jones industrials each rose about 0.1% before the bell. Several economic reports coming later in the … Read more
By encouraging everyday investors, also known as retail investors, to buy up GME stock and increase its price, hedge funds would have to sell out in order to cut their losses from having shorted the stock, which increases the stock price even further. “Hedge funds are getting their asses kicked by the retail investor,” Lindzon … Read more
Clearview AI, the facial recognition company that claims it’s scraped 3 billion images from the internet to power its face-matching system, has proposed applying its technology to everything from policing to retail to dating, according to a 2020 patent application that became public on Thursday. The patent filing was made in August — three months … Read more