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Fed's Cook says AI demand 'broadening' to increase inflation
Federal Reserve board of governors member Lisa Cook said Monday that rising demand for artificial intelligence is leading to “broadening” inflationary impacts, with implications for the entire economy. During a keynote speech at the Oakland Tech Week conference, Cook noted that prices for Al-related goods, including chips, computers and software, have “surged” in the past...
Fed's Cook says AI demand 'broadening' to increase inflation
Federal Reserve board of governors member Lisa Cook said Monday that rising demand for artificial intelligence is leading to “broadening” inflationary impacts, with implications for the entire economy. During a keynote speech at the Oakland Tech Week conference, Cook noted that prices for Al-related goods, including chips, computers and software, have “surged” in the past...
Nvidia boosts buyback plan by $150B in new record
Technology giant Nvidia announced Monday it is boosting its stock buyback program by $150 billion, setting a record for the largest repurchasing allotment in history. The company’s board of directors authorized the increase, which boosts the total amount in Nvidia’s buyback program from $85 billion to $235 billion. Apple authorized a $110 billion buyback program...
Nvidia boosts buyback plan by $150B in new record
Technology giant Nvidia announced Monday it is boosting its stock buyback program by $150 billion, setting a record for the largest repurchasing allotment in history. The company’s board of directors authorized the increase, which boosts the total amount in Nvidia’s buyback program from $85 billion to $235 billion. Apple authorized a $110 billion buyback program...
Trump to announce massive steel plant in Iowa
President Trump is set to announce Monday that a Minnesota company plans to build a $15 billion steel mill in Iowa. Mesabi Metallics also recently invested $2.5 billion in a new 7.5 million-ton iron ore mine in Minnesota. The company’s executives will be present with Trump at the White House to unveil the project. The...
SpaceX launches Starship toward orbit for first time
SpaceX on Monday sent its Starship out to orbit for the first time, with the company looking for the craft to achieve six laps around the Earth in order to show off its capability for the NASA Artemis program, according to The Associated Press. SpaceX said everything needs to go as planned for Starship before...
SpaceX launches Starship toward orbit for first time
SpaceX on Monday sent its Starship out to orbit for the first time, with the company looking for the craft to achieve six laps around the Earth in order to show off its capability for the NASA Artemis program, according to The Associated Press. SpaceX said everything needs to go as planned for Starship before...
New SNAP benefit amounts take effect Oct. 1: Here's how much
Starting Oct. 1, new eligibility rules and updated benefit amounts will take effect for the estimated 37 million Americans receiving SNAP assistance.
US, China agree to cut tariffs on $60B worth of products
The U.S. and Chinese governments each unveiled $30 billion worth of products subject to lower tariffs, after President Trump and Chinese President Xi Jinping met last week in Washington, according to the White House. Chinese products subject to lower tariffs under the new “30-by-30” framework include fireworks, kitchenware, flashlights, baseballs and softballs and fishhooks, as...
GOP lawmakers urge Trump to reimpose sanctions on Russian-owned Serbian refinery
Two House Republicans are urging the Trump administration to resume sanctions on a Russian-owned refinery in Serbia, according to a letter obtained exclusively by The Hill. The GOP criticism marks another instance of growing Republican pushback against the president’s foreign policy actions. Reps. Joe Wilson (R-S.C.) and Keith Self (R-Texas), staunch allies of President Trump,...