Anthropic wins a court decision regarding AI training in a copyright case but still has to go to trial over stolen books.
A federal judge recently determined that Humanity, an AI company, did not violate laws when training its chatbot models using millions of copyrighted books. However, it still faces legal challenges regarding how it obtained these books, specifically from a so-called “Shadow Library” of pirated copies. In a ruling announced late Monday, San Francisco US District […]
Hassett promises trade agreements will follow the passage of the GOP megabill
Hassett Awaits Trump Trade Deal Announcement Kevin Hassett, the head of the White House National Economic Council, mentioned on Tuesday that he is looking forward to President Trump announcing a trade deal, but is waiting for it to clear Congress first. When queried about the status of the trade deal, Hassett noted the administration’s current […]
Americans feel negatively about the US economy, with worries about tariffs being the main reason.
In June, Americans’ perception of the economy took a downturn, marking the lowest consumer confidence level since the onset of the Covid-19 pandemic five years ago. The latest consumer confidence index fell to 93, down 5.4 points from 98.4 in May, which was a slight increase from the previous month. This decline surprised many economists […]
Powell stresses the importance of patience while facing pressure from Trump in his testimony to the House.
Powell Reluctant to Lower Interest Rates Despite Pressure Federal Reserve Chairman Jerome Powell seems to be taking his time when it comes to reducing interest rates, even with pressure from President Trump and the ongoing tariffs affecting the economy. During his testimony in front of the House Financial Services Committee on Tuesday, Powell reiterated that […]
Trump criticizes Powell before testimony: ‘We ought to be at least two to three points lower’
Trump Critiques Powell Ahead of Congressional Testimony Before his testimony to Congress on Tuesday, President Trump aimed pointed remarks at Federal Reserve Chairman Jerome Powell, insisting that he should not lower interest rates. On social media, Trump stated, “There’s no inflation or great economy. Rates should be at least 2-3 points lower. This could save […]
Global economy prepares for effects of US actions in Iran
The recent military strike by the US on Iranian nuclear sites has so far not led to major economic fallout, but the potential for direct conflict raises concerns about the global economy’s stability. Shipping rates have surged, oil prices are climbing, and overall stock markets are feeling the impact. Particular attention is focused on the […]
Trump pulls the Fed into the debt struggle as the GOP confronts financial chaos
Former President Trump is calling on Republicans to assist the Federal Reserve in managing the national debt, which has grown increasingly concerning as financial pressures mount. In various comments and social media updates, Trump criticized Fed Chairman Jerome Powell for not reducing interest rates, arguing that the White House needs to address the over $36 […]
Is $15 an hour sufficient? Only for dual-income households in these states, data indicates.
Since 2009, the federal minimum wage in the U.S. has remained at $7.25 an hour. However, a new Senate bill proposes increasing it to $15 an hour next year, aiming to realign the wage with inflationary factors. In various states, even where the minimum wage exceeds $15, this amount often falls short of covering average […]
New report finds that female CEOs are more qualified than their male counterparts.
There have been some encouraging developments regarding women in leadership, yet a new report shows that women often need to prove themselves more than their male counterparts to be considered for CEO roles. Barriers and breakthroughs: Data-driven look of female CEOs of America’s biggest corporateThe study explores the career trajectories of current CEOs in S&P […]
Fannie and Freddie supervisor battles Fed chair online
Pressure on Federal Reserve Chairman Fannie Mae and Freddie Mac supervisors are publicly pushing for the resignation of Federal Reserve Chairman Jerome Powell. Bill Parte, director of the Federal Housing Financial Institutions (FHFA), has been particularly active on social media, posting numerous times within a day to support this call, turning what are supposed to […]