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Wednesday, December 6, 2023
Dec. 6, 2023

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Palmer: Smart steps to take when helping your grandchildren financially

December 4, 2023, 7:50am Business

In his early 20s, Chris Chen’s nephew dreamed of becoming a professional photographer, but to pursue that dream, he needed equipment that cost over $5,000. His nephew worked hard to save $1,500, then his maternal grandmother provided an additional $750. Chen, a certified financial planner in Newton, Massachusetts, covered the… Read story

Europe’s world-leading artificial intelligence rules are facing a do-or-die moment

December 4, 2023, 7:50am Business

Hailed as a world first, European Union artificial intelligence rules are facing a make-or-break moment as negotiators try to hammer out the final details this week — talks complicated by the sudden rise of generative AI that produces human-like work. Read story

FILE - A hiring sign is displayed at a grocery store, Oct. 5, 2023, in Deerfield, Ill. Most business economists think the U.S. economy could avoid a recession in 2024, even if the job market ends up weakening under the weight of high interest rates, according to a survey released Monday, Dec. 4. (AP Photo/Nam Y.

Economists predict U.S. inflation will keep cooling and the economy can avoid a recession

FILE - A hiring sign is displayed at a grocery store, Oct. 5, 2023, in Deerfield, Ill. Most business economists think the U.S. economy could avoid a recession in 2024, even if the job market ends up weakening under the weight of high interest rates, according to a survey released Monday, Dec. 4. (AP Photo/Nam Y.

December 4, 2023, 7:49am Business

Most business economists think the U.S. economy could avoid a recession next year, even if the job market ends up weakening under the weight of high interest rates, according to a survey released Monday. Read story

FILE - A George Mason University fan holds up a Sports Illustrated magazine at a send off for the team, March 29, 2006, in Fairfax, Va. Sports Illustrated is the latest media company damaged by being less than forthcoming about who or what is writing its stories. The website Futurism reported that the once-grand magazine used articles with &ldquo;authors&rdquo; who apparently don&rsquo;t exist, with photos generated by AI. The magazine denied claims that some articles themselves were AI-assisted, but has cut ties with a vendor it hired to produce the articles.

Sports Illustrated is the latest media company damaged by an AI experiment gone wrong

FILE - A George Mason University fan holds up a Sports Illustrated magazine at a send off for the team, March 29, 2006, in Fairfax, Va. Sports Illustrated is the latest media company damaged by being less than forthcoming about who or what is writing its stories. The website Futurism reported that the once-grand magazine used articles with &ldquo;authors&rdquo; who apparently don&rsquo;t exist, with photos generated by AI. The magazine denied claims that some articles themselves were AI-assisted, but has cut ties with a vendor it hired to produce the articles.

December 4, 2023, 6:02am Business

Computer-generated writers ... writing computer-generated stories? Read story

Despite setbacks, states are still counting on offshore wind

December 4, 2023, 5:21am Business

In recent months, East Coast states’ plans to install massive new offshore wind farms have been battered by bad economic news, canceled contracts and newfound uncertainty about the projects officials are counting on to reach their clean energy goals. Read story

Watchdog: Western arms companies failed to ramp up production capacity in 2022 due to Ukraine war

December 3, 2023, 4:57pm Business

Many Western arms companies failed to ramp up production in 2022 despite a strong increase in demand for weapons and military equipment, a watchdog group said Monday, adding that labor shortages, soaring costs and supply chain disruptions had been exacerbated by Russia’s invasion of Ukraine. Read story

BMW recalls SUVs after Takata air bag inflator blows apart, hurling shrapnel and injuring driver

December 3, 2023, 3:56pm Business

BMW is recalling a small number of SUVs in the U.S. because the driver's air bag inflators can blow apart in a crash, hurling metal shrapnel and possibly injuring or killing people in the vehicles. Read story

Alaska Air to buy Hawaiian Airlines in a $1.9 billion deal with debt

December 3, 2023, 12:57pm Business

Alaska Air Group said Sunday it agreed to buy Hawaiian Airlines in a $1.9 billion deal including debt. Read story