Major stock indexes fell sharply Friday after a strong jobs report set the stage for the Federal Reserve to hike rates, rattling shares of companies that are involved in sky-high artificial intelligence investments. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. The threat of higher interest rates often … Read more
Purchasing-card use by public officials, including waste and alleged fraud, is stoking taxpayer backlash in cities and towns across the U.S. Source link
Big tech companies that invested in artificial intelligence are grappling with its rising costs. Emily Bary, an assistant managing editor for tech at MarketWatch, joins CBS News with more. Source link
NEWYou can now listen to Fox News articles! This is part five of a series examining the challenges confronting the NATO alliance. For more than three decades, the U.S. carried the largest share of NATO’s military burden while many European allies spent far less on defense than Washington wanted. The imbalance survived the Cold War, … Read more
WASHINGTON — U.S. consumer confidence declined slightly this month as gas prices stayed high and inflation remained elevated, a sharp contrast to soaring stock prices hover near record levels. The Conference Board’s consumer confidence index slipped 0.7 points to 93.1 in May, the first decline after three months of gains. The measure hasn’t fallen as … Read more
Consumer polls about the state of the U.S. economy suggest the mood is grim: Two-thirds of respondents to a recent CBS News poll reported feeling financially stressed, while a majority said soaring gasoline prices are causing hardship. For now, however, such sentiments have yet to quash consumer spending, the critical flow of dollars that keeps … Read more
Americans are spending money despite prolonged inflation concerns, new data shows – CBS News Watch CBS News New consumer data shows Americans are still spending despite concerns about inflation. Jill Schlesinger explains. Source link
NEWYou can now listen to Fox News articles! Sen. John Kennedy, R-La., railed against California’s Medicaid program, Medi-Cal, which is facing scrutiny from the Trump administration over fraud allegations, as Kennedy highlighted reports during a Tuesday hearing that the state covers exorcisms and other faith-based healing practices. Medi-Cal’s spending practices have faced growing scrutiny as … Read more
Republican Erin Stewart, accused of using government credit card for private-club dues, jewelry and more, pledged to “take accountability for any mistakes.” Source link
NEWYou can now listen to Fox News articles! This story never ends. The government is still not fully funded for the rest of the fiscal year – meaning September 30. Yes. The House and Senate approved a bipartisan bill funding most of the Department of Homeland Security in late April. It’s similar to what the … Read more