WASHINGTON — American consumers — and the Federal Reserve — are being hit with another high-cost headache. The gusher of investment in data centers — likely topping $700 billion this year — to power artificial intelligence has made memory chips, computer processors, and other equipment, as well as electricity more expensive, and economists expect it … Read more
Widening income inequality and a growing number of U.S. billionaires is supercharging the political debate around wealth taxes, at both the national and local level. Democratic lawmakers and candidates, including some from the party’s energized democratic socialist wing, are promising to impose new levies on the über-wealthy should they win control of Congress, citing both … Read more
The federal government has announced a settlement proposal that would require the owner and operator of the Keystone Pipeline to pay $26.9 million in civil penalties, linked to a major oil spill that dumped nearly half a million gallons of crude oil into a Kansas creek in December 2022. The agreement would also require the … Read more
Washington — Tributes began pouring in early Sunday as foreign leaders and American politicians reacted to the death of Republican Sen. Lindsey Graham of South Carolina, who died after a “brief and sudden illness” Saturday. Graham, a four-term senator and outspoken foreign policy hawk, was 71. He passed away Saturday evening, his office announced. No … Read more
Mexico questions FBI role in Sinaloa Cartel abduction Mexican President Claudia Sheinbaum strongly criticizes the U.S. government for its alleged involvement in the 2024 abduction of former Sinaloa Cartel boss ‘El Mayo’ Zambada. Sheinbaum explicitly states the U.S. lied about its participation, claiming a violation of Mexican sovereignty. This incident raises serious questions about diplomatic … Read more
There are ways to minimize interest charges, fees and other financing costs when purchasing a new AC unit. John Brueske/Getty Images A failing central air conditioner rarely happens at a convenient time. One day your HVAC system is keeping up with demand, and the next day you’re facing inconsistent cooling issues, expensive repairs or a … Read more
The decision comes after the Supreme Court declined to take up the president’s appeal of the defamation and sexual abuse verdict Source link
WASHINGTON — The Chinese tech giant Alibaba will pay $600 million to resolve a dispute with the U.S. government over allegations that the Hangzhou-based firm sold and imported illegal pharmaceuticals, controlled substances, regulated chemicals, and pill-making equipment into the U.S. Alibaba operates some of the world’s largest e-commerce platforms, including Alibaba.com and AliExpress.com. The U.S. … Read more
NEW YORK — A Democratic member of Congress is calling for the federal government to investigate the growing “rent now, pay later” industry, saying Americans may not understand the fees and cost structure of these products as the services become more widely available. Rep. Maxwell Frost, D-Florida, sent a letter to Consumer Financial Protection Bureau … Read more
Medicare will now help pay for some GLP-1 drugs. Here’s what to know – CBS News Watch CBS News Starting Wednesday, Medicare will help pay for some GLP-1 medications for weight loss. CBS News medical correspondent Dr. Celine Gounder explains what this means for patients. Source link