Americans’ sense of economic security deteriorated sharply in 2022, with more than a third of adults saying they were worse off financially than a year prior, the Federal Reserve said Monday. The findings, outlined in an annual survey on people’s economic well-being, underlines the severe hardship caused by scorching inflation. …
Read More »IRS admits Black taxpayers are more likely to get audited
The IRS on Monday said an internal investigation has found that Black taxpayers are audited at higher rates than would be expected given their share of the U.S. population. The findings come after researchers earlier this year found that Black Americans are up to five times more likely to have their …
Read More »Feds investigate woman’s death trapped in flaming SUV
U.S. safety regulators are investigating possible electrical problems in older Dodge Journeys after a woman was trapped and died when her SUV caught fire in December. The National Highway Traffic Safety Administration says it’s investigating whether inoperative door locks and windows can prevent people from getting out of the SUVs …
Read More »ESPN fires baseball reporter Marly Rivera for hurling C
ESPN canned one of its longtime baseball reporters after she volleyed an epithet at another reporter, calling her a “f—— c—” during a New York Yankees game earlier this month. Marly Rivera scheduled an on-air interview with Yankee Aaron Judge on April 18 as the team was competing against the …
Read More »Netflix reveals new timeline for its password
Netflix said a crackdown on password-sharing among U.S. subscribers is coming by the end of June, modestly delaying a plan that has caused consternation among many subscribers of the streaming service. In its quarterly earnings report this week, Netflix said it would launch a paid password-sharing program globally in the …
Read More »Court overturns Berkeley, California’s gas ban
A federal appeals court on Monday overturned Berkeley, California’s first-in-the-nation ban on natural gas in new construction, agreeing with restaurant owners who argued the city bypassed federal energy regulations when it approved the ordinance. The measure, which took effect in 2020 to cheers from environmentalists, was intended to reduce emissions …
Read More »Boeing pause 737 Max production over issue with parts
Boeing said Thursday that production and delivery of a “significant number” of its 737 Max planes could be delayed because of questions about a supplier’s work on the fuselages. Boeing said the supplier, Spirit AeroSystems, used a “non-standard manufacturing process” during installation of fittings near the rear of some 737s. …
Read More »Leaky faucets on Boeing 787s are a safety problem, FAA says
Regulators are worried that faucet leaks in Boeing 787 jets could pose a safety hazard by water seeping into the planes’ electronics during flights. The Federal Aviation Administration proposed Friday to order repetitive inspections and, if leaks are found, replacing faucet parts. The move comes after reports of water from …
Read More »AI tools like ChatGPT and Dall
Artificial intelligence tools such as Chat GPT and Dall-E are sparking fears of the technology automating people out of a job, yet like previous waves of innovation, the advent of so-called generative AI is also starting to create new kinds of work. “The good news is that worker displacement from automation …
Read More »Ford says EV unit will lose $3 billion this year, should be seen as startup
Ford Motor Co.’s electric vehicle business will lose about $3 billion this year, following on losses of $3 billion before taxes during the past two years, as the company invests heavily in the new technology. The figures were released Thursday as Ford rolled out a new way of reporting financial …
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