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Monthly Archives: April 2023

Social Security cost-of-living adjustment may fall with inflation rate

Zamrznutitonovi | Istock | Getty Images New government inflation data shows inflation is cooling — and that could point to a lower cost-of-living adjustment, or COLA, for Social Security beneficiaries next year. The Consumer Price Index for all Urban Consumers, or CPI-U, rose 5% from a year ago and 0.1% …

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AWS launches Bedrock generative AI service, Titan LLMs

Amazon is introducing a cloud service called Bedrock that developers can use to enhance their software with artificial intelligence systems that can generate text, similar to the engine behind the popular ChatGPT chatbot powered by Microsoft-backed startup OpenAI. The announcement indicates that the largest provider of cloud infrastructure won’t be …

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Massachusetts lawmakers are latest to try and make 4-day workweek reality

A pair of Massachusetts lawmakers are the latest to try and make the four-day workweek a reality. Rep. Dylan Fernandes of Falmouth and Rep. Josh Cutler of Duxbury filed legislation this week to create a voluntary program, the “Massachusetts Smart Work Week Pilot,” that would create a tax credit for …

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The Fed’s efforts to fight housing inflation has backfired

The Federal Reserve’s “sole method” to fight inflation by hiking interest rates has “backfired,” CNBC’s Jim Cramer said Wednesday. In its fight to curb housing inflation in particular, the Fed has been trying for months to not just slow inflation but reduce the value of housing and the cost of …

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What it means for the network

Members of Rise and Resist participate in their weekly “Truth Tuesday” protest at News Corp headquarters on February 21, 2023 in New York City.  Michael M. Santiago | Getty Images News | Getty Images Dominion Voting System’s defamation lawsuit against Fox Corp. and its cable TV networks will go to …

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Ether rises after the Shanghai upgrade, bringing year-to-date gain to more than 65%

Ethereum coin Jakub Porzycki | NurPhoto | Getty Images The price of ether climbed on Thursday, after investors put uncertainty surrounding the long-awaited Shanghai upgrade behind them. Ether rose more than 4.5% to $1,989.02, according to Coin Metrics, while bitcoin gained more than 1%. After a two-year lock up period, …

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EU should make its A.I. regulations more sweeping: experts

Timnit Gebru in 2018. Kimberly White | Getty Images A group of prominent artificial intelligence experts called on European officials to pursue even broader regulations of the technology in the European Union’s AI Act. In a policy brief released on Thursday, more than 50 individual expert and institutional signatories advocate …

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UK economy stagnates in February as strikes and inflation bite

LONDON — The U.K. economy flatlined in February as widespread industrial action and persistently high inflation stymied activity. Data on Thursday showed a steady GDP in February, missing consensus expectations of 0.1% growth. Both the services and production sectors contracted, partly offset by a record 2.4% expansion in construction.  This …

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Twitter to let users access stocks, crypto via eToro in finance push

Elon Musk told a Morgan Stanley conference last month he wants Twitter to become “the biggest financial institution in the world.” Budrul Chukrut | Sopa Images | Lightrocket via Getty Images Twitter will let its users access stocks, cryptocurrencies and other financial assets through a partnership with eToro, a social …

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‘Energy crisis is solved,’ German economy is safe

The headquarters of the European Central Bank (ECB) pictured on February 03, 2022 in Frankfurt, Germany. Thomas Lohnes | Getty Images News | Getty Images Germany’s energy worries are over and Europe’s largest economy has the “inherent strength” to recover from the dual shocks of the pandemic and the war …

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