Business
World shares mostly advance after Wall Street slips following Fed's rate hike decision
HONG KONG (AP) — World shares mostly advanced on Thursday despite Wall Street closed lower following the Federal Reserve’s interest rate hike decision for the first time in three years.
The king and AI: UK monarch Charles meets with artificial intelligence leaders
LONDON (AP) — King Charles III is meeting Thursday with senior leaders from OpenAI, Anthropic, Google DeepMind and Nvidia to discuss artificial intelligence and make a plea to ensure the technology remains in the service of people and the planet.
Huawei unveils new chip technologies as Chinese firm steps up the AI race with Nvidia
BEIJING (AP) — Chinese technology giant Huawei launched new chip technologies in a challenge to global leaders such as Nvidia that highlights the narrowing gap between China and the U.S. in artificial intelligence.
Artists, promoters and venues have their own kind of power on troubled tours like Ed Sheeran's
LOS ANGELES (AP) — Concert promoters wield great power. Venue owners can too but they rarely choose to. And artists capable of filling stadiums like Ed Sheeran usually have approval over everything that happens under their name.
OpenAI flags concerning new AI behavior and vows to track it more closely
OpenAI has disclosed six reports of “unexpected or concerning” behavior in artificial-intelligence models as the debate on AI safety becomes increasingly heated.
EU chief Ursula von der Leyen says she wants Canada to become the bloc's 1st associate member
STRASBOURG, France (AP) — European Commission President Ursula von der Leyen proposed Wednesday making Canada the European Union’s first associate member, a striking overture as U.S. President Donald Trump’s threats drive Ottawa closer to Europe.
Federal Reserve hikes key rate for 1st time in 3 years, defying Trump demands for a cut
WASHINGTON (AP) — The Federal Reserve raised its benchmark interest rate Wednesday for the first time since 2023 in an effort to quell stubbornly high inflation, and the central bank signaled another rate hike could occur later this year.
US stocks slip after the Fed hikes interest rates and hints more increases may be on the way
NEW YORK (AP) — U.S. stocks slipped Wednesday after the Federal Reserve hiked its main interest rate for the first time in three years and suggested more may be ahead as it tries to get the nation’s high inflation under control.
Amazon increases minimum starting hourly wage for full-time core operations employees
NEW YORK (AP) — Online behemoth Amazon said it's increasing the minimum starting hourly wage for its U.S. full-time core operations employees to $20 ahead of the crucial holiday shopping season.
There's one issue where Republicans and Democrats are unified before the midterms, a new poll finds
On the way home from a recent trip, Eriech Tapia drove past a sea of dark industrial buildings lining an already jam-packed northern Virginia road: data centers.
Building collapse in Gaza kills at least 21 people, and other Mideast developments
A building used by displaced Palestinian families collapsed in Gaza City, killing at least 21 people, while Saudi Arabia was reported to be reaching out to allies for help with defenses as it deals with Iran-backed Houthi rebels in Yemen.
Fed rate hike likely means more expensive credit cards and mortgages, but savers may rejoice
WASHINGTON (AP) — The Federal Reserve just raised the cost of money — bad news for borrowers, good news for savers.
Retail sales rise a better-than-expected 1.2% in August after shoppers pulled back spending in July
NEW YORK (AP) — Consumers may be griping about higher prices at the pump and elsewhere, but they keep spending, helping to power the economy, according to the latest government snapshot.
WHO sees 'encouraging signs' in Congo Ebola fight, but warns cases in one eastern region are surging
GENEVA (AP) — The head of the U.N. health agency is hailing “encouraging signs” in the fight against an Ebola outbreak in one part of eastern Congo, while warning that case counts are rising fast in another as officials race to tamp down the virus.
Russian drone strike on a passenger bus in Ukraine kills 5 people and wounds at least 7 others
KYIV, Ukraine (AP) — A Russian drone struck a passenger bus in southern Ukraine early Wednesday, killing five people and wounding at least seven in the latest in a series of Russian strikes on civilian transportation. Ukrainian President Volodymyr Zelenskyy called the attack an atrocity with no military purpose.