Credit crunch targeting manufacturing as interest rates soar
Higher interest rates have forced a credit crunch as banks slow lending, creating a backlash in capital and resource-starved business sectors like manufacturing.
Luxury condos make Florida history with state’s largest construction loan in post-rate hike era
The Ritz-Carlton Residences in Palm Beach Gardens are "really like homes in the sky," according to developer Dan Catalfumo, who's building the record-breaking luxury condos.
California reparations committee calls on state to raise minimum wage above $15.50 to a 'living wage'
California's reparations task force is calling on lawmakers to raise the state's minimum wage, already the nation's second highest at $15.50, to a "living wage."
California teacher claims in viral TikTok she hatched baby chicks from Trader Joe's fertile eggs
A California teacher from the Bay Area has gone viral on TikTok after revealing she hatched baby chickens from fertile Trader Joe's eggs. A Youtuber from Indiana says she did the same.
Hinton issues another AI warning: World needs to find a way to control artificial intelligence
Geoffrey Hinton issued another warning to world, saying humans need to figure out a way to control artificial intelligence as it develops to contain potential dangers.
Disney content purge amid Disney+, Hulu merger means some films, TV shows could soon be unavailable
The Walt Disney company plans to consolidate its Disney+ and Hulu streaming services into a "one app experience," which will necessitate slashes in content production.
Federal student loan repayments to restart, education secretary confirms
The Biden administration is "preparing to restart" federal student loan payments following the end of the coronavirus pandemic emergency, Education Secretary Miguel Cardona told lawmakers Thursday.
Artificial intelligence could replace up to 80% of human jobs, expert says
Artificial intelligence could potentially replace as many as 80% of human jobs over the course of "the next few years," according to SingularityNET CEO Ben Goertzel.
Former Fed president says he wouldn’t raise rates ‘if I were sitting in my old seat’
Former Dallas Fed President and CEO Robert Kaplan called for a "hawkish pause" on rate hikes as they "disproportionately hurt" small and mid-size businesses.
Today's best mortgage deal? 15-year terms at lowest rate since last week | May 12, 2023
Check out mortgage rates for May 12, 2023, which are trending down from yesterday.
Palm Beach Gardens’ newest luxury condos are like ‘homes in the sky’: Dan Catalfumo
Catalfumo Companies founder Dan Catalfumo talks to Fox News Digital about the development of The Ritz-Carlton Residences in Palm Beach Gardens.
FDIC wants big lenders to shoulder Silicon Valley, Signature bank busts
The FDIC announced a proposed special assessment on large banks that would recoup the $15.8 billion pulled from an insurance fund following the failures of Silicon Valley Bank and Signature Bank.
AI and machine learning may speed drug development, manufacturing: FDA
The FDA published two discussion papers this week about areas artificial intelligence and machine learning may improve drug development and manufacturing processes.
Citigroup looks to mend fences with Texas and convince the Lone Star State it's not 'woke'
Citigroup is scrambling to convince Texas state officials it isn’t the woke bank they say it is and it’s worthy of once again underwriting municipal bonds in the state.
Binance.US says no deal to Voyager Digital
The cryptocurrency exchange Binance.US has canceled a deal to purchase the bankrupt crypto exchange Voyager Digital for $1.3 billion.
GOP reps shred President Biden for 'absolutely' turning his back against US farmers
Rep. Randy Feenstra, R-Iowa, and Rep. Tracey Mann, R-Kan., criticize President Biden's green agenda and its impact on rural America as lawmakers prepare the 2023 Farm Bill.
Mortgage rates inch lower for second straight week
Mortgage rates declined again this week, marking the lowest level in five weeks, according to data from Freddie Mac. The rate on the 30-year fixed mortgage fell to 6.35%.
Transportation Secretary Pete Buttigieg says Tesla shouldn't call its driving system 'Autopilot'
US Transportation Secretary Pete Buttigieg says Tesla should not call its automated driving system Autopilot because humans control the cars.
European AI Act moves forward in EU Parliament
Lawmakers in Europe moved closer to passing new artificial intelligence rules on Thursday. The AI Act, first proposed in 2021, could have final approval by late 2023 or early next year.
This week's personal loan interest rates edge up for 3- and 5-year loans
The latest trends in interest rates for personal loans from the Credible marketplace, updated weekly.



















