FED

President Joe Biden has approved an executive order that directs federal agencies to use artificial intelligence to achieve “equity” objectives—a move observers are warning is equivalent to integrating a “woke AI” into the government.

Oh, the hypocrisy.

US credit card debt inched close to a trillion dollars in the fourth quarter of 2022, the New York Federal Reserve Bank said in its quarterly report on household debt, released on Thursday.

The prices of all items have increased by 0.5% from December to January, marking the highest monthly increase since October.

Former Walmart CEO Bill Simon warned Americans this weekend of the detrimental impact that corporate layoffs could have on the U.S.'s feeble economy.

The latest numbers from the Bureau of Economic Analysis show that the U.S. economy grew by 2.9 percent in the fourth quarter of last year, and 2.1 percent for 2022.

This week the US government reached its 31.4 trillion dollars borrowing limit, better known as the “debt ceiling.”

A Facebook executive told the White House that the social media platform not only suppressed “misinformation” but also took action against the “virality” of “often true” content on the COVID-19 vaccines.

Educators across the U.S. are sounding the alarm over ChatGPT, an upstart artificial intelligence system that can write term papers for students based on keywords without clear signs of plagiarism.

Big banks in the United States are getting ready to deal with shrinking profits due to factors like an overall difficult economic environment, despite the fact that interest incomes have risen over the past year.