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Fed's Barr: US should prepare for 'serious' AI job disruption, widening inequality

The US should be prepared for "serious short-term disruptions" to the job market because of artificial intelligence which, depending on how fast it is deployed, could begin displacing workers at scale and widening inequality in favor of investors, Fed Governor Michael Barr said on Thursday.His comments, not predicting but suggesting preparation for social strains because of AI, follow midterm elections that swung partly on a backlash to the rapid AI buildout. They also precede a public Fed forum in San Francisco on Monday by a task force appointed by Federal Reserve Chairman Kevin Warsh to ex

White House set to extend Jones Act shipping waiver, sources say

Union Pacific turns fuel surcharges into profits as rivals lag

Arts|Business|Finance

CD&R, GTCR drop pursuit of Global Payments, sources say

Private equity firms CD&R and GTCR have dropped their pursuit of Global Payments, according to two people familiar with the matter.The buyout consortium walked away from talks to acquire the payments processor after exploring a potential deal over the past several weeks, the people said. The talks, which were in early stages, did not advance given the complexities of arranging a take-private of this scale, prompting the firms to put their efforts on hold, the people added.The end of the discussions removes one of the largest potential leveraged buyouts in the payments sector, at a time

US returns over $12 billion in oil proceeds to Venezuela since Maduro's ouster, report says

What we know after Jensen Huang resigns as Nvidia's CEO

Arts|Economy

Family Dollar reaches $63 million settlement with US FTC, states over customer overcharges

Family Dollar reached a $63 million settlement with the US Federal Trade Commission and 17 states of allegations that the discount retailer overcharged shoppers, including by charging more at the register than it advertises on its website and mobile app.According to settlement papers filed on Thursday in the Norfolk, Virginia federal court, Family Dollar will offer $40 million of restitution and $20 million of future discounts to eligible shoppers, and pay $3 million to the states.The FTC and states accused Family Dollar of violating federal and state laws against deceptive practices, "bet

Corteva shares slide after Brazil weakness prompts annual profit forecast cut

Brazil's Lula plays it safe with first post-election fiscal plan

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Crews search rubble of deadly NY building collapse as rain threatens to complicate rescues

(CNN) - More bodies have been pulled from the rubble of a New York building collapse, according to fire officials.Eight people, including six adults and two children, have died in the building collapse, according to New York Mayor Zohran Mamdani.At least 19 people, including firefighters and children, were injured after the three-story structure fell yesterday afternoon. Rescue workers don’t know how many people may still be trapped.Eight people, including six adults and two children, have died as a result of the three-story building collapse in Brooklyn, New York, on Wednesday, accordi

Crime|US

5 people are shot in DC, including 1 killed at a gym, and then suspect kills himself

A gunman killed a man inside a busy gym during morning workouts on Thursday before fleeing and shooting four more people, shocking a popular capital neighborhood and attracting a swarm of police officers who ascended to the roof of a building during the search and chaos. He fatally shot himself while holed up in his penthouse apartment, where he had been speaking by phone with police negotiators, said Jeffery Carroll, interim chief with the Metropolitan Police Department. The gunman was identified as a doctor locked in a dispute with building management over mold a

At least 8 killed, 17 hurt in Brooklyn building collapse, officials say

Father of boy who survived being buried alive is charged with attempted murder in South Carolina

Election|Political|US

Mississippi elects Democrat Scott Colom as state's first Black US senator since Reconstruction

Democratic nominee Scott Colom defeated Republican Sen. Cindy Hyde-Smith on Wednesday in Mississippi's closely contested U.S. Senate race after a prolonged ballot counting process, giving the state its first Black U.S. senator since post-Civil War Reconstruction. Colom's narrow victory is a seismic shift in Mississippi, which has been controlled mostly by white conservatives for generations despite having the largest share of Black residents of any U.S. state. The outcome adds to a decisive midterm rebuke of President Donald Trump, whose party suffered defeats in several Republi

Massive rescue effort underway after NYC building collapse leaves at least 1 dead, 12 injured, officials say

At least one person is dead and 12 others injured, six critically, after a mixed-use three-story building in Brooklyn collapsed Wednesday afternoon, a fire department official said.The building collapsed around 4 p.m. in the central Brooklyn neighborhood of Flatbush, a largely residential area with a predominantly Black and Afro-Caribbean community.The collapse prompted a massive emergency response. Within an hour, the waning sunlight meant firefighters and emergency responders needed to use flashlights as they searched.By 7 p.m., about 250 fire department and EMS personnel were operating at t

Video shows soldier reprimanding Hegseth and advisers at Tomb of the Unknown Soldier

See which 11 Democrats missed the Pete Hegseth impeachment vote

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Sports|World

Longtime NBC Sports announcer Dan Hicks dies at 64

Sportscaster Dan Hicks, who was the voice of golf, Olympic swimming and Notre Dame football during a 35-year career at NBC Sports, has died, his family and NBC announced Thursday. He was 64. Hicks died late Wednesday in Connecticut. He died of an acute illness, according to his wife, Hannah Storm. “Our family is heartbroken by the sudden and unexpected passing of Dan,” Storm said in a statement. “He was a devoted husband of over 30 years, loving father to our three daughters, and cherished friend to so many. His loss is immeasurable.

Israeli strike on Gaza hospital kills at least 6, including doctor and child, Palestinian officials say

An Israeli strike on a hospital in southern Gaza overnight Wednesday killed at least six people, including a doctor and a child, Palestinian officials say.The strike on Nasser Hospital shortly after midnight hit the complex’s surgery unit, according to a Gaza Civil Defense spokesman. The attack tore through part of the hospital in the dark of night, Ezz Eddine Abu Sabha said, leaving charred debris scattered across the destroyed unit.The strike killed 52-year-old Dr. Rizk Abu Shaira, Abu Sabha said, as well as a 13-year-old boy who was supposed to have surgery. A total of 40 people were inju

Yemen’s Houthis hold mass funeral as they call for action to protect civilians

US envoys Witkoff and Kushner may visit Russia in coming days, TASS reports

Arts|Crime|Health|World

A missing teen is found alive after 6 days in the Australian woodlands

A 17-year-old boy with autism was found alive Thursday after six days lost in eastern Australian woodlands. The boy, whom police identified only as William, had begun camping with a teenage friend when he disappeared last Friday near Walhalla, a former gold-mining town 185 kilometers (115 miles) east of Melbourne, police said. A police helicopter crew found him surrounded by wilderness lying asleep on a flat rock beside a creek, and he was later reunited with his mother. William was in good spirits and mostly in good health, the police statement said.

The $1 trillion question facing Nvidia and Jensen Huang: Who lied to whom?

Nvidia, Jensen Huang, a reported subordinate and a suspected Chinese spy are at the center of a soap opera captivating Wall Street, Silicon Valley and Washington.And, like every other soap opera, this one appears to involve at least a dose of deception leading up to Huang’s shocking exit on Thursday. Did Nvidia’s rockstar CEO mislead his bosses on the board of directors? Did Nvidia and its board conceal from investors what was really going on?Unlike a typical daytime drama, the stakes here are epic. Untangling who lied to whom could determine the fate of trillions of dollars. Huang was vie

Witkoff and Kushner to meet Zelensky after talks with Putin, as Ukraine says Starshield restricted again

Housing protests sweep Madrid and Barcelona after Spain’s workers strike, with clashes erupting

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Business|Economy|Finance|Science|Technology

Wall Street claws back early losses after absorbing big swings for Nvidia's stock and oil prices

Business|Finance|Science|Technology

Who would be next CEO at Nvidia? Top engineer and CFO favored as candidates

Nvidia CEO Jensen Huang has never anointed a successor, but many analysts and investors see two people as

Wall St recovers as energy shares climb; Nvidia woes deepen

Wall Street's main indexes staged a turnaround on Thursday after higher oil prices lifted energy shares even as Nvidia CEO Jensen Huang's exit

Business|Finance|Science|Technology

Jensen Huang built the company that powers AI. Now Nvidia must find a way forward without him

Election|Political

Republicans’ lame-duck dash to confirm judges is already hitting speed bumps

Business|Economy|Political|Sports

Manchester United fires Michael Carrick as head coach, lines up US coach Mauricio Pochettino

Business|Economy|Technology

Bessent confronts Lutnick over not labeling Nvidia customer a national security threat, sources say

Election|Political

Democrat Colom wins Mississippi Senate seat, becomes state's first Black senator since 1874

Democratic challenger Scott Colom defeated incumbent Republican Cindy Hyde-Smith in the Mississippi election for the US Senate, media projected on Wednesday, making him

Arts|Business|Economy|Finance

Gavin Newsom won the argument on California’s proposed wealth tax. He could still face a fight over it

Political

Democrat Scott Colom will win a US Senate seat in deep-red Mississippi, CNN projects

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Local

From LA to Scottsdale: The Founder Behind AdDynamix Is Building the Bridge Between AI and Business Tools

An LA digital advertising veteran of 28 years has moved to Scottsdale and is building what he calls the missing piece between business software and the AI assistants people now use every day. SCOTTSDALE, AZ. When Benoit Pecqueur talks about his latest company, he sounds less like a founder pitching a product and more like an operator who got tired of watching the same problem repeat itself. “Most small business owners are watching the AI revolution from the sidelines,” he says. “Not because they don’t want it. Because their tools don’t talk to ChatGPT or Claude. Their accountant still pulls