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Monthly Archives: February 2023

Congress to renew fight pitting child tax credit vs. corporate cash

House and Senate champions and impacted families appear at a Dec. 7 Washington, D.C., event for expanding the child tax credit during the lame duck session. Tasos Katopodis | Getty Images Entertainment | Getty Images A “major blow” was how corporations described the failure by Capitol Hill late last year …

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some of company’s top products ‘were not first to market’

Google CEO Sundar Pichai speaks at a panel at the CEO Summit of the Americas hosted by the U.S. Chamber of Commerce on June 09, 2022 in Los Angeles, California. The CEO Summit entered its second day of events with a formal signing for the “International Coalition to Connect Marine …

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Sam Bankman-Fried’s two bond guarantors revealed after unsealing

Former FTX chief executive Sam Bankman-Fried (C) arrives to enter a plea before US District Judge Lewis Kaplan in the Manhattan federal court, New York, January 3, 2023.  Ed Jones | AFP | Getty Images The names of two of FTX co-founder Sam Bankman-Fried’s guarantors were revealed on Wednesday, after …

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Biden administration making big change to student loan repayment

Pablo Rasero | Istock | Getty Images What is the new plan called? The new option would change one of the four current income-driven repayment plans that limit borrowers’ bills at a share of their discretionary income. Instead of paying 10% of their discretionary income a month on the Revised …

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DOJ accelerates Apple antitrust investigation: Report

Tim Cook walks in the Paddock prior to the F1 Grand Prix of USA at Circuit of The Americas on October 23, 2022 in Austin, Texas. Jared C. Tilton | Getty Images The Department of Justice has accelerated its antitrust investigation into Apple, The Wall Street Journal reported Wednesday. The …

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Only 9% of Americans think AI development will do more good than harm

Jonathan Raa | Nurphoto | Getty Images Artificial intelligence tools that can spit out human-like responses are suddenly the hottest part of the technology industry, with companies including Google, Microsoft, and billion-dollar startups racing to release early versions of search engines and productivity tools using the technology. Companies developing this …

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U.S. cities where rent prices fell most in January

U.S. renters are finally getting a break on their rent, with prices dropping in 11 major markets in January, according to new data by online realtor Redfin. Median asking rent dropped to $1,942 last month, down from a 2022 peak of $2,053. While year-over-year rent growth is still up 2.4% …

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Lawmakers set their sights on new protections for kids online

Sens. Marsha Blackburn, R-Tenn., and Richard Blumenthal, D-Conn., conduct a news conference in Capitol. Tom Williams | CQ-Roll Call, Inc. | Getty Images Lawmakers on the Senate Judiciary Committee found rare alignment at a recent hearing about how Congress can help protect kids from online harms. The hearing on Tuesday, …

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Elon Musk, co-founder of ChatGPT creator OpenAI, warns of AI society risk

OpenAI logo displayed on a phone screen and Elon Musk’s Twitter account displayed on a screen in the background are seen in this illustration photo taken in Poland on April 24, 2022. Nurphoto | Getty Images ChatGPT shows that artificial intelligence has gotten incredibly advanced — and that it is …

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Homebuilder sentiment in February sees biggest gain in decade

America’s homebuilders are growing more bullish as buyer demand picks up, driven in part by slightly lower mortgage rates. Homebuilder confidence in the market for newly built single-family homes in February rose seven points to 42, according to the National Association of Home Builders/Wells Fargo Housing Market Index. This is …

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