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Fed's Daly says AI is not for now driving inflation up or down
Fed's Daly says AI is not for now driving inflation up or down June 4 : San Francisco Federal Reserve President Mary Daly on Thursday said that while she believes AI over a five- to 10-year window could be a deflationary force, the effect is "not a pressing issue" for monetary policy which operates on a 12-month horizon. Daly, at a Bloomberg Tech event in San Francisco, also said she also does not think that AI is behind the current rise in inflation, which being driven by higher tariffs...
Anthropic Mythos access to grow four-fold to about 200 Glasswing partners
Anthropic Mythos access to grow four-fold to about 200 Glasswing partners SAN FRANCISCO, June 2 : Anthropic on Tuesday said it was planning a wider rollout of its artificial intelligence that has caught the attention of government and financial institutions around the world for its ability to find software vulnerabilities. Project Glasswing, Anthropic's partnership of around 50 organizations using its AI to secure software, is expanding to roughly 200, the San Francisco-based startup said....
Trading Day: War clouds and tech wobbles
Trading Day: War clouds and tech wobbles ORLANDO, Florida, June 3 : Escalating tensions in the Middle East and a wave of profit-taking in AI and tech shares cast a long shadow over markets on Wednesday, depressing the price of stocks and bonds while lifting the dollar and oil. In my column today, I look at why Japan may be "in the money" from its FX interventions. This runs counter to the view that the yen's slide back to previous intervention levels means Tokyo's efforts to support its...
Trump on new Fed Chair Warsh: ‘I don’t want to have a big influence on him’
Trump says ‘I’d pay’ anti-weaponization fund applicants ‘the kind of money they deserve’ 06:40 Now Playing Trump on new Fed Chair Warsh: ‘I don’t want to have a big influence on him’ 12:44 UP NEXT ‘I’m not going to defend someone with that kind of history’: Rep. Dingell on Graham Platner 09:53 Exclusive: Trump says Iran hasn't made a deal because ‘they’re strong’ and ‘proud’ 03:08 ‘YOLO caucus’ in Senate is ‘lighting fires’ but stopping short of ‘burning the whole house down’ 15:37
Long-term unemployment is surging in the U.S. There are hidden costs for workers and the economy
Over recent weeks, Parker Taylor reached a grim milestone in his work history. The 29-year-old had been employed consistently since he was a teen, first on a factory floor and most recently in medical sales. But the St. Petersburg, Florida, resident hasn't been able to start a new gig after losing his job shortly before the 2025 Thanksgiving holiday.
Inside the fallout of the SJSU volleyball scandal: ‘This is an obvious problem’
Employees across the entire California State University System (CSU) came back from lunch to an email on March 6, announcing that their employer was suing President Donald Trump's Department of Education. It was happening because San Jose State University (SJSU) had a transgender volleyball player on its women’s team for three years, allegedly didn’t tell multiple female teammates that the player was male, and then refused to accept the U.S. Department of Education findings that determined...