Business news

• Google pausing AI portrait tool after complaints of historical inaccuracies

  22-02-2024 21:42 via cbc.ca
  
  Google is pausing an AI tool that creates images of people following inaccuracies in some historical depictions the model generated, the latest hiccup in the Alphabet-owned company's efforts to catch up with rivals OpenAI and Microsoft.
  
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• KFC rolling out 'Chizza' to American menus

  22-02-2024 20:35 via foxbusiness.com
  
  KFC is bringing a limited-time entree to its American menus Monday that mashes up two popular dishes – pizza and fried chicken.The so-called "Chizza" will consist of two fried chicken filets "topped with zesty marinara sauce, melty mozzarella cheese and crispy pepperoni," the Yum! Brands-owned fried chicken chain said. KFC said it will run a pop-up "Chizzeria" giving out free samples of the Chizza from its 242 E 14th Street restaurant in New York City on Friday and Saturday afternoon
  
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• This week's personal loan rates lower for 5-year loans

  22-02-2024 20:20 via foxbusiness.com
  
  Borrowers with good credit seeking personal loans during the past seven days prequalified for rates that were higher for 3-year loans and lower for 5-year loans when compared to fixed-rate loans for the seven days before.For borrowers with credit scores of 720 or higher who used the Credible marketplace to select a lender between February 15 and February 21:Personal loans have become a popular way to consolidate debt and pay off credit card debt and other loans. They can also be used to cover un
  
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• US hours away from attempt at first moon landing in half century with private robot spacecraft

  22-02-2024 20:16 via foxbusiness.com
  
  The United States is just hours away from witnessing Intuitive Machines' Odysseus lunar lander attempt to touch down near Malapert A in the South Pole region of the moon. If successful, it will be the first American spacecraft to land on the moon since the last crewed Apollo mission more than 50 years ago. The last time an American spacecraft touched down on the moon was in 1972 during the Apollo 17 mission.The target landing is slated for "no earlier than 5:30 p.m." ET Thursday, according
  
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• Mercedes-Benz delays EV goals because of weak demand, will continue to build gas-powered cars

  22-02-2024 19:43 via foxbusiness.com
  
  Mercedes-Benz on Thursday became the latest carmaker to push back its plans for electric vehicles (EVs) to make up most of its sales. The German luxury brand now says it won't meet its 2025 deadline to have EVs, including hybrids, make up 50% of all sales. Lackluster demand for electric-powered cars has delayed that goal until at least 2030, the company said. In the meantime, Mercedes-Benz CEO Ola Kaellenius reassured investors that the company will continue to manufacture combustion e
  
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• Stuart Varney: Biden's State of the Union speech marks a reset for his campaign

  22-02-2024 19:24 via foxbusiness.com
  
  During his "My Take," Thursday, "Varney & Co." host Stuart Varney explains how President Biden is in "deep political trouble" and is pivoting on his policies to make himself "look good" ahead of the March 7th State of the Union address. The show host argues that the address will mark a reset to his 2024 re-election campaign. STUART VARNEY: Two weeks from today, March 7th, the President delivers the State of the Union address.It will be a campaign speech, and because he's in deep politic
  
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• Amazon employees evacuate after fire breaks out near Illinois fulfillment center

  22-02-2024 19:14 via foxbusiness.com
  
  Employees at an Amazon fulfillment center in Markham, Illinois, were evacuated after a fire broke out near the massive facility Thursday morning.An employee at the facility told FOX 32 Chicago she observed that the building smelled of smoke. When FOX 32 Chicago first arrived at the scene in the 2200 block of West 159th Street, dozens of people were outside, but the local station reported around 8:40 a.m. local time that employees appeared to have gone back inside the building. Emergenc
  
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• Top House Republican says Biden admin abusing power to target bitcoin miners

  22-02-2024 19:03 via foxbusiness.com
  
  EXCLUSIVE: House Majority Whip Tom Emmer says the Biden administration is abusing its power to unfairly target another corner of the $2 trillion cryptocurrency industry – bitcoin miners, FOX Business has learned.In a letter sent this week to the Office of Management and Budget, the Minnesota Republican demanded answers from the agency about its recent approval of an emergency request from the Energy Department’s analytical agency – the Energy Information Administration –
  
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• Cellphone outage hits AT&T customers nationwide; Verizon and T-Mobile users also affected

  22-02-2024 19:03 via foxbusiness.com
  
  Tens of thousands of AT&T customers have been reporting outages on Thursday morning for their home phone, internet and mobile phone services, according to Downdetector.The outages started popping up just before 3:30 a.m. ET, according to a graph shown on the website that tracks outages. Just before 2 p.m. ET, the number of reports had declined drastically to nearly 4,900 after spiking at more than 73,000 just after 9 a.m. ET.  Most users still impacted, 51%, say they are having issues w
  
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• Biden cancels $1.2 billion in student loans for borrowers enrolled in SAVE

  22-02-2024 18:46 via foxbusiness.com
  
  President Joe Biden's Administration announced $1.2 billion in student loan forgiveness for qualifying borrowers enrolled in the Saving on Valuable Education (SAVE) plan, according to a White House statement.The move will zero out the balance for roughly 153,000 borrowers enrolled in the plan who have been making at least 10 years of payments and initially took out $12,000 or less for college. The administration is implementing this provision nearly six months ahead of schedule – it w
  
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• Pharmacies nationwide face delays as health-care tech company reports cyberattack

  22-02-2024 18:10 via foxbusiness.com
  
  Pharmacies across the country are reporting delays to prescription orders due to a cyberattack against one of the nation's largest health-care technology companies.Change Healthcare, a company handling orders and patient payments throughout the U.S., first noticed the "cyber security issue" affecting its networks Wednesday morning on the East Coast. "Change Healthcare is experiencing a network interruption related to a cyber security issue and our experts are working to address the matter.
  
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• Mortgage rates rise again, threatening to slow spring housing market

  22-02-2024 18:07 via foxbusiness.com
  
  Mortgage rates continued their upward trend this week, nearing 7% and piling on the unaffordability crisis that threatens to dampen the typical spring buying frenzy.Freddie Mac's latest Primary Mortgage Market Survey released Thursday showed that the average rate on the benchmark 30-year fixed mortgage climbed to 6.90% this week, up from 6.77% last week. The average rate on a 30-year loan was 6.50% a year ago.The rate on the 15-year fixed mortgage also increased, averaging 6.29% after coming in
  
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• Small business owner pours heart out over Biden's crippling economy: 'We can't take another 4 years'

  22-02-2024 18:01 via foxbusiness.com
  
  Just two days before South Carolina’s Republican primary voting takes place, residents are sounding the rallying cry for a Trump return and economic turnaround.Reporting from the Golden Egg Pancake House in Surfside Beach, "FOX & Friends" co-host Lawrence Jones spoke to one local business owner who poured her heart out over the Biden administration’s impact on everyday life."It's crippled us the last four years. We can't take another four years. We will be out of business if he s
  
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• Where's my tax refund? How to track your payment from the IRS

  22-02-2024 17:50 via foxbusiness.com
  
  Tax season is well underway, and many Americans are eagerly awaiting their refund check from the IRS.To receive a refund within 21 days of filing, the IRS has cautioned filers they must submit returns electronically, ensure that they are accurate and complete and request to receive the refund via direct deposit.If you have already filed your taxes and want to check the status of your refund, there is an easy way to do so. The IRS has set up a "Check My Refund Status" tool for people to quic
  
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• Rivian to lay off 10% of salaried staff

  22-02-2024 16:40 via foxbusiness.com
  
  Rivian announced that it's cutting 10% of its salaried workforce as it contends with "economic and geopolitical pressures." The electric automaker said that economic pressures, most notably the historically high interest rates, will result in flat vehicle output for the year. The company expects to produce the same number, about 57,000 vehicles, in 2024 as it did the year before, the company said Wednesday in a regulatory filing.   MARK ZUCKERBERG WEIGHS IN ON WHY TECH COMPAN
  
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• Home Depot employee's rights violated in firing over 'BLM' drawn on apron: labor board

  22-02-2024 15:58 via foxbusiness.com
  
  Home Depot violated the rights of the National Labor Relations Act (NLRA) by firing an employee who refused to remove a handwritten Black Lives Matter acronym from their work apron, according to a National Labor Relations Board (NLRB) ruling on Wednesday.The board determined that the employee's refusal to take "BLM" off their apron was "concerted" because it was a "logical outgrowth" of prior protests alleging racial discrimination in the workplace. Several other employees at the same locat
  
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• Nivida's stock soars after AI boom lifts revenue 265%

  22-02-2024 15:38 via foxbusiness.com
  
  Nvidia shares soared after the artificial intelligence powerhouse announced a massive jump in quarterly revenue from a year ago, reassuring investors that its AI edge is alive and well.Shares, which sold off ahead of the results, hit an all-time high of $774.20 per share, adding to the 225% gain over the past 52 weeks and the 36% rise for this year alone.  Nvidia's revenue in the fourth quarter, which ended on Jan. 28, was up 265% from a year ago and 22% from the prior quarter and totaled $
  
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• Today's mortgage rates continue to hold steady for 15- and 30-year terms | February 22, 2024

  22-02-2024 15:20 via foxbusiness.com
  
  The interest rate on a 30-year fixed-rate mortgage is 7.00% as of February 22, which is unchanged from yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 5.750%, which is also unchanged from yesterday.With mortgage rates changing daily, it’s a good idea to check today’s rate before applying for a loan. It’s also important to compare different lenders’ current interest rates, terms, and fees to ensure you get the best deal. Rates last updat
  
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• Mark Cuban will teach an online class: Here's an inside look

  22-02-2024 15:00 via foxbusiness.com
  
  Mark Cuban is taking on a new role: MasterClass instructor. MasterClass is an online learning platform that offers lessons taught by experts who are typically well known in their fields. From authors such as David Baldacci and David Mamet teaching writing to former Presidents George W. Bush and Bill Clinton teaching classes on leadership.In a new class, which launched Thursday, called "Win Big in Business," he unveiled secrets that propelled him to success in the business world. In the
  
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• Yale University announces change in policy regarding test scores for 2025

  22-02-2024 14:30 via foxbusiness.com
  
  Yale University will again require students to include standardized test scores for 2025 admissions applicants, the school announced Thursday. The Ivy League university announced that it would be abandoning its test-optional policy, which it imposed under the COVID-19 pandemic as testing options were severely impacted. Going forward, the New Haven school will require prospective students to include scores, such as the ACT or SAT, with their applications."The experience, originally necessita
  
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• Divorce? Abortion? Weed? See the most Googled legal topics of 2023

  22-02-2024 14:25 via foxbusiness.com
  
  Americans run a lot of questions by Google, whether they are looking to diagnose their own medical symptoms or find recipe ideas for a quick weeknight meal. However, when it came to their legal questions on the search engine last year, some common themes emerged.Uplift Legal Funding conducted an assessment of 8,000 law-related queries in search of Americans' greatest legal concerns, and they recently released the statistics of the most-Googled topics and questions.The study found the most search
  
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• Google to pause Gemini image generation after AI refuses to show images of White people

  22-02-2024 13:26 via foxbusiness.com
  
  Google will pause the image generation feature of its artificial intelligence (AI) tool, Gemini, after the model refused to create images of White people, Reuters reported. The Alphabet-owned company apologized Wednesday after users on social media flagged that Gemini's image generator was creating inaccurate historical images that sometimes replaced White people with images of Black, Native American and Asian people. "We're aware that Gemini is offering inaccuracies in some historical
  
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• Have kids? Good luck buying a house this year

  22-02-2024 13:00 via foxbusiness.com
  
  Families with kids are being boxed out of the increasingly unaffordable U.S. housing market as the cost of both a new mortgage and child care soar higher. A recent study published by Zillow found that potential homebuyers with children are likely to spend 66% of their income on monthly mortgage payments and child care, a sharp increase from about 50% in 2019.The typical American family can expect to spend about $1,984 per month on child care and $1,973 on a monthly mortgage payment (based o
  
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• Biden's energy agenda putting US pipeline workers' livelihoods at stake: 'Business is gone,' CEO says

  22-02-2024 12:00 via foxbusiness.com
  
  Workers in the energy capital of the world are claiming the Biden administration's energy agenda is crippling the industry. At Troy Construction headquarters in the Houston area, 3,000 jobs are allegedly on the line. "About half of our business is gone, right out of the chute," CEO Taylor Dacus told FOX Business’ Grady Trimble in a Wednesday appearance on "Mornings with Maria."Setting out to tackle climate change, the Biden administration made a goal to create 10 million green en
  
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• Colorado High School starts 911 dispatcher class during nationwide shortage

  22-02-2024 10:50 via foxbusiness.com
  
  A high school in Colorado started a class this year to train teenagers to answer emergency calls in hopes of assisting in a shortage of 911 dispatchers.Calhan High School, a public high school in Calhan, Colorado, started the new course this year in addition to their criminal justice courses. Students who enroll in the 911 dispatching course get to work hands on with software used by 911 dispatchers.The new 40-hour course also teaches them step-by-step how to answer calls under high pr
  
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• One Biden manufacturing regulation could wipe out up to 1 million jobs, business leader says

  22-02-2024 06:01 via foxbusiness.com
  
  President Biden's Environmental Protection Agency (EPA) recently finalized an air quality rule that the manufacturing industry is warning could wipe out one million jobs and undermine efforts to build new manufacturing facilities in America.Jay Timmons, president and CEO of the National Association of Manufacturers (NAM), is set to sound the alarm about the regulation in his annual state of manufacturing address on Thursday in Roseville, Michigan, according to an advance copy of his remarks prov
  
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