Month: May 2022
China and Europe are leading the push to regulate A.I. — one of them could set the global playbook
A robot plays the piano at the Apsara Conference, a cloud computing and artificial intelligence conference, in China, on Oct. 19, 2021. While China revamps its rulebook for tech, the European Union is thrashing out its own regulatory framework to rein in AI but has yet to pass the finish line. Str | Afp | […]
Read More
Oklahoma governor signs country’s most restrictive abortion ban into law
Oklahoma Governor Kevin Stitt speaks in Washington, DC. Stitt on Wednesday signed a bill that bans nearly all abortions after “fertilization,” making it the most restrictive abortion law in the country. Alex Wong | Getty Images News | Getty Images Oklahoma Gov. Kevin Stitt on Wednesday signed a bill that bans nearly all abortions after “fertilization,” making […]
Read More
South Korea delivers back-to-back interest rate hikes to combat inflation
Signage for Bank of Korea is displayed atop the central bank’s headquarters building in Seoul, South Korea, on Thursday, Aug. 16, 2018. South Korea’s central bank hiked interest rates for a second consecutive meeting on Thursday to wrestle consumer inflation down from 13-year highs, and further raised its projections for prices to rise to their […]
Read More
Apple says it will raise pay for corporate and retail employees in tight labor market
Steve Proehl | Corbis Unreleased | Getty Images Apple said on Wednesday that it will raise pay for corporate and retail workers later this year. The move comes during a historically tight labor market in the U.S. and as employees contend with increased inflation and cost of living. Apple’s move comes after Google, Amazon and […]
Read More
The Indo-Pacific Economic Framework: What it is — and why it matters
U.S. President Joe Biden formally introduced the Indo-Pacific Economic Framework, or IPEF, this week during his first Asia tour, revealing Washington’s long-awaited Asia-Pacific economic strategy. It comes five years after the U.S. unilaterally withdrew from the Trans-Pacific Partnership, a trade deal signed by 12 countries in Asia-Pacific, North America and South America. With the U.S. […]
Read More
China wants 10 small Pacific nations to sign on to ‘game-changing’ security agreement
The Red Falcon Air Demonstration Team of the People’s Liberation Army Air Force performs over a Chinese national flag on September 30, 2021 in China. China wants 10 small Pacific nations to endorse a sweeping agreement covering everything from security to fisheries in what one leader warns is a “game-changing” bid by Beijing to wrest […]
Read More
Vaccines offer little protection against long Covid, study finds
A nurse administers a booster shot at a Covid-19 vaccination clinic on April 0=6, 2022 in San Rafael, California. Justin Sullivan | Getty Images The Covid vaccines, while holding up strong against hospitalization and death, offer little protection against long Covid, according to research published Wednesday in the journal Nature Medicine. The findings are disappointing, if not […]
Read More
Mortgage demand slides further, even as interest rates pull back slightly
Mortgage rates turned lower for the second straight week, but it wasn’t enough to boost demand for either new purchase loans or refinances, according to a weekly report from the Mortgage Bankers Association. Rates are still much higher than they were for the past two years. Last week the average contract interest rate for 30-year […]
Read More
Bank of America reveals 5 top stocks based on the company’s ‘killer charts’
Bank of America has named a raft of stocks with “killer” corporate charts, including the following five that are buy-rated by its analysts. The bank said its “killer charts” research note is often its most-read of the year. Bank of America analysts, led by Jason Fairclough, assessed charts from a range of companies — all […]
Read More
Nasdaq 100 futures fall slightly after chip giant Nvidia delivers light guidance
A trader works at the New York Stock Exchange NYSE in New York, the United States, May 18, 2022. Michael Nagle | Xinhua News Agency | Getty Images Stock futures were mixed on Wednesday evening as investors digested a disappointing update from Nvidia, an economic bellwether in the technology industry. Stock futures tied to the […]
Read More