AI’s impact on the US economy is nearing its peak, according to Goldman, as Apollo finds “no financial gain” outside of big tech.
The AI boom has been supporting U.S. growth for more than a year. But Jan Hatzius, Goldman Sachs’ chief economist, says that support is about to peak, and Torsten Slok, Apollo’s chief economist, says the benefits that were supposed to…
HSBC announces share buyback of up to $1 billion as third-quarter profit meets estimates
HSBC, Europe’s largest bank, on Tuesday reported third-quarter pretax profit largely in line with analyst estimates respected by the bank, and announced a share buyback of up to $1 billion by the end of this year. HSBC’s revenue rose to $18.6…
Highway thieves spoof GPS to steal millions of goods destined for data centers
Highway thieves are using sophisticated digital tactics that investigators say are making it easier to steal trucks carrying millions of expensive data center equipment. NBC News spoke with “several industry leaders, consultants and investigators…
Netflix Stock: Should You Buy the Post-Earnings Dip?
Streaming giant Netflix (NFLX -2.96%) released its latest quarterly results last week, and suffice to say they weren’t good enough to inspire a turnaround in its stock price. Netflix’s stock, which was already in difficulty before the results…
Texas Roadhouse Responds to Customer’s Viral Claims He Received a $20 Steak Instead of the $30 He Ordered 3 Times
NEED TO KNOW Kenneth Card claimed he was served sirloin instead of the filet mignon he ordered three times at a Texas Roadhouse in Forsyth, Illinois. Texas Roadhouse said Card’s complaint was “corrected” by its team and that it could…
The electric vehicle tax credit could return. Here’s what’s in the way
Some Democratic leaders are seeking to restore the $7,500 federal tax credit for electric vehicles if they regain control of Congress after the upcoming midterm elections. Restoring the incentive would likely boost electric vehicle sales and help the…
OpenAI upgrades ChatGPT and Codex with new GPT-6.1 Terra model
Earth is so back. Last month, when OpenAI released GPT-6 models of Sol and Luna, its medium Terra model was excluded from the update. OpenAI has now upgraded Terra from GPT-5.6 to GPT-6.1, touting the speed and computer usage at a lower price. GPT-6.1…
DoorDash in exclusive talks to acquire Instacart
A combination would create a home delivery giant, merging Instacart’s grocery-centric platform with DoorDash’s restaurant-centric one. DoorDash had already made a bid for Instacart in 2021, but at a significantly higher valuation. Those talks…
Maine woman arrested after standoff at Portland McDonald’s
PORTLAND, Maine — A Maine woman is facing several charges after police say she was involved in a confrontation with officers while in the restroom of a Portland McDonald’s. Erin Baker, 44, of Bangor, was arrested Monday and charged with causing a…
FTC and 20 states sue Dollar General, accusing trading chain of overcharging customers | US News
The Federal Trade Commission and 20 states have sued Dollar General, the nation’s largest dollar store chain, for consistently overcharging customers at its more than 20,000 stores across the United States. The suit, filed in federal court in…