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Prince Harry warns that AI chatbots may be more dangerous than social media for young users
NEW YORK (AP) — Prince Harry warned Wednesday at the Clinton Global Initiative that artificial intelligence chatbots designed to provide companionship are even more dangerous to young people than social media.“The technology is more persuasive, more intimate, and more powerful,” the Duke of Sussex said. “AI is learning how to enter our relationships. It doesn’t just want your attention, it wants your attachment.”
Harry's presentation was part of CGI's focus on finding ways to support women and children at a time when funding for their well-being is being... Read More
Pressure from the bond market hits a new level, and US stocks slide on worries about inflation
NEW YORK (AP) — Pressure from the U.S. bond market hit a new level on Wall Street Wednesday after a surprisingly strong report on the economy raised worries about inflation, while oil prices halted their slide. The squeeze caused U.S. stocks to sink.The S&P 500 fell 0.8% after finishing the prior day just 0.4% below its record set last month. The Dow Jones Industrial Average dropped 352 points, or 0.7%, while the Nasdaq composite sank 1.1% from its own all-time high.
Stocks wilted after the yield on the 10-year Treasury jumped to 5.10% from 4.96% late Tuesday, which... Read More
More tech and hand-breaded chicken coming to McDonald's as part of $8.5 billion modernization push
McDonald’s said Wednesday it will spend $8.5 billion over the next decade to modernize its restaurants globally.Fast-food traffic in many markets, including the U.S., is flat, so for McDonald’s to continue to grow it has to grab share from competitors and improve restaurant productivity, McDonald’s Chairman and CEO Chris Kempczinski said at a meeting with investors at the company’s Chicago headquarters. McDonald's wants to automate more tasks, like inventory and scheduling, and improve kitchen operations.
“The winners will be the companies that create more... Read More
Caesars stockholders approve $6 billion merger with Fertitta
LAS VEGAS (AP) — Caesars Entertainment shareholders have approved a multibillion-dollar merger with Fertitta Gaming that would create one of the largest gaming empires.Caesars has a dominant presence on the Las Vegas Strip, operating hotels like Caesars Palace, the Flamingo and Harrah's. It also operates casino resorts across the United States.
Fertitta owns Las Vegas' Golden Nugget and restaurant chains like Rainforest Cafe and Morton's. Billionaire owner Tilman Fertitta is the largest shareholder in Wynn Resorts and the sports betting company DraftKings. Fertitta... Read More
40 years after Chernobyl, Italy greenlights a return to nuclear energy
ROME (AP) — Italy’s Senate on Wednesday gave final approval to legislation paving the way for a return to nuclear power nearly four decades after the Chernobyl disaster prompted the country to abandon atomic energy.The measure cleared the upper house 81-51 with seven abstentions. It marks a major step in Premier Giorgia Meloni’s drive to bolster energy security and meet climate goals, even though the construction of possible new reactors is still years away.
The bill, which earlier passed the lower Chamber of Deputies, establishes a legal framework for I... Read More
Top Stories in Business/Finance
- Prince Harry warns that AI chatbots may be more dangerous than social media for young users
- Pressure from the bond market hits a new level, and US stocks slide on worries about inflation
- More tech and hand-breaded chicken coming to McDonald's as part of $8.5 billion modernization push
- Caesars stockholders approve $6 billion merger with Fertitta
- 40 years after Chernobyl, Italy greenlights a return to nuclear energy
- Melania Trump rings New York Stock Exchange opening bell to launch new women's initiative Imperia
- How rural voters are feeling about Trump as the midterms approach, according to a new AP-KFF poll
- Takeaways: What a new AP-KFF survey reveals about rural American voters
- Rivian R2 vs. Tesla Model Y, an Edmunds electric SUV showdown
- Sen. Bernie Sanders unveils bill to ban artificial superintelligence and create Department of AI
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Stocks
Stocks
More- Pressure from the bond market hits a new level, and US stocks slide on worries about inflation
- Melania Trump rings New York Stock Exchange opening bell to launch new women's initiative Imperia
- Wall Street holds near its record after Brent oil falls below $100 per barrel
- Wall Street rallies within 0.4% of its record after oil prices and bond yields ease
- World leaders in New York to grapple with climate. Fuel prices, AI and disasters complicate things
Economy
- Pressure from the bond market hits a new level, and US stocks slide on worries about inflation
- Federal Reserve rate hike reflects new world of sticky inflation and faster growth
- Bolivia approves $1.9 billion IMF deal, eliminates diesel subsidies
- Carney to address EU Parliament after Trump calls Canada associate membership a possible hostile act