Business News

(NEW YORK) -- A nonprofit artificial intelligence safety group has sued OpenAI over a July incident in which the company’s autonomous AI agents accessed the computer systems of another firm, Hugging Face, without authorization during a cybersecurity test.Legal Advocates for Safe Science & Technology (LASST) filed the lawsuit late Tuesday in San Francisco Superior Court, alleging roughly 700 of the company's AI agents participated in the breach.The AI agents stole […]

(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 […]

(WASHINGTON) -- The Department of Transportation is easing fuel economy standards that were put in place during the Biden administration.Transportation Secretary Sean P. Duffy said Monday that changing CAFE (corporate average fuel economy) standards for vehicles will make them more affordable by establishing “commonsense” guidelines for automakers.“This administration is delivering relief to families and reviving the beating heart of American manufacturing,” Duffy said. “With our commonsense standards in place, we […]

(WASHINGTON) -- Consumer sentiment dropped in September close to the lowest level ever recorded in the 74-year history of the University of Michigan's monthly survey, fresh data on Friday showed.Shopper attitudes soured as a monthlong bout of inflation squeezed consumers and an underlying oil supply shock showed little sign of imminent resolution.The final reading of the University of Michigan index registered at 48.1 in September, marking the second-lowest final reading […]

(NEW YORK) -- Kelsey Benson said she was laid off from a job in sales earlier this month, leaving her without health insurance at a time when price hikes are weighing on the rest of her budget.The monthly out-of-pocket cost of Benson’s name-brand medication for attention deficit hyperactivity disorder jumped from $120 to $500, she said. That sudden expense came at a time she was already struggling with rising rent […]

(NEW YORK) -- A key long-term Treasury rate hit its highest level in nearly two decades earlier this month, even before the Federal Reserve raised benchmark borrowing costs.The Fed hiked interest rates a quarter of a percentage point in an effort to battle back a monthslong surge of inflation. The rise in borrowing costs pushed up rates for loans like credit cards and mortgages, threatening to worsen a budget crunch […]

(Getty Images stock photo) (NEW YORK) -- Converse has discontinued an advertisement following public backlash last week over what critics said appeared to be Ku Klux Klan symbolism and lynching in the shoe and apparel company's ad campaign.One of the images in the ad showed the bottom half of a person wearing a white, calf-length skirt-like garment that some critics said resembled a KKK robe, while holding a pair of […]

(NEW YORK) -- Toys R Us is planning a major expansion in the U.S. with the addition of 120 new standalone stores by the end of 2026.The toy retailer, which currently has 40 standalone stores and Toys R Us shops inside Macy's stores across the country, announced the strategic move, which is being carried out in partnership with Go! Retail Group, on Thursday."This is a major moment for [Toys R […]