Business News

Millions of voters across the United States Tuesday are weighing in on state ballot initiatives concerning issues as disparate as reproductive rights and voter access.The ballot initiative that has garnered the most attention may be California’s Proposition 40, a billionaire tax.If the proposition passes, the state would levy a one-time, 5% tax on the wealth of California taxpayers and trusts with assets valued over $1 billion. The revenue would be […]

Drivers continue to weather high gas prices as affordability remains a top concern for voters.The national average price of a gallon of gas stands at $4.14, marking an increase of $1.16, or 38%, since the outbreak of the Iran war in February, AAA data showed.Prices vary across the country, however, meaning fuel costs differ in the key states expected to determine control of Congress.Excluding Senate races classified as solidly red […]

(WASHINGTON) A United States ban of hundreds of millions of dollars worth of Canadian products took effect on Tuesday, escalating a trade war between the longtime allies and pinching imports from one of the top U.S. trade partners.The ban applies to an array of products spanning from alcohol to motorcycles to dairy goods, White House documents show.In all, the affected products account for $967 million worth of annual imports from […]

(NEW YORK) -- Nvidia, a top chipmaker whose products fuel many artificial intelligence agents, released a software platform on Monday designed to prevent security incidents revealed by AI firms in recent months.The software aims to provide a "trust layer" for AI agents that insulates them from inadvertent exposure to other AI agents, digital products and the open internet over the duration of their existence, Nvidia said in a blog post."Recent […]

Fresh data to be released on Thursday is set to provide the latest snapshot of the United States economy, just days before the midterm elections.The report, which will detail gross domestic product over a three-month period ending in September, will arrive as the U.S. weathers a monthlong surge of inflation.In response to rising prices, a key long-term Treasury rate has jumped in recent months as investors feared price increases would […]

The Federal Reserve held interest rates steady on Wednesday as the economy faces a monthslong surge of inflation ahead of the midterm elections.The Fed's benchmark interest rate currently stands between 3.75% and 4%. That level marks a significant drop from a recent peak attained in 2023, but rates stand well above a 0% level established at the outset of the COVID-19 pandemic.An acceleration of price increases this year has posed […]

Two former Justice Department officials on Wednesday launched FluxCap, a new artificial intelligence platform they say could help lawyers take on cases that might otherwise never make it to court.Handling major cases can require a large team of lawyers, months of work, and tons of money – a longstanding problem that often puts smaller firms, government agencies and everyday people at a disadvantage against companies with far more resources."What kept […]

The Federal Reserve is set to issue an interest rate decision on Wednesday as a surge of inflation puts pressure on central bankers to raise rates days before the midterm elections.An acceleration of price increases this year has posed a challenge for Fed officials tasked with containing inflation. The central bank raised interest rates a quarter of a percentage point last month in an effort to battle back price woes. […]

As it prepares for its initial public stock offering, Anthropic has outlined in a Securities and Exchange Commission filing the risks to would-be investors, including the possibility that its artificial intelligence models could pose a "catastrophic or existential risk to humanity."Typically, companies making public stock offerings file a report with the SEC warning of the potential downsides of investing, such as competition from rivals, market demands and talent development. Anthropic, […]