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[ad_1] New York CNN — President Donald Trump has promised that the “big, beautiful bill” passed by the Senate and being considered by the House of Representatives will be one of the most successful pieces of legislation in American history. Of course, the ultimate beauty of this sweeping legislation is very much in the eye of the beholder. The bill could end up boosting some workers and industries, while others may be left worse off. Corporate America Big business groups, including the US Chamber of Commerce and Business Roundtable, applauded the Senate’s passage of the bill on Tuesday. Corporations are…
[ad_1] New York CNN — When Karandeep Anand’s 5-year-old daughter gets home from school, they fire up the artificial intelligence chatbot platform Character.AI so she can chat about her day with her favorite characters, such as “Libarian Linda.” Anand’s experience using the product as a parent might be helpful now that he’s Character.AI’s new chief executive, a change the company announced last month. He’s taken on the top job at a complicated moment for the company, which lets users talk to a variety of AI-generated personas. Character.AI faces fierce competition in an increasingly crowded space, as well as lawsuits from…
[ad_1] New York CNN — This Fourth of July, millions of Americans will be hitting the road, feasting on barbecue fixings, while watching firework displays. Here’s how much it will all cost. Inflation is at its lowest level since 2020, while gas prices are the cheapest they’ve been in four years. But this year’s fireworks displays may look a little different and could be more costly. That’s because 99% of fireworks sold in the US come from China, which are facing tariffs of 30%. While that’s much lower than President Donald Trump’s initial tariff of 145% on Chinese imports, it’s…
[ad_1] CNN — Shoes, electronics and clothing are just some of the goods that could get more expensive under the trade agreement President Donald Trump announced with Vietnam on Wednesday. Wait — how’s that possible? For the past three months, goods shipped from Vietnam to the United States were tariffed at a minimum 10% rate, a reprieve from the 46% rate that briefly went into effect in April before Trump announced a pause. Trump claimed the delay would give countries more time to negotiate trade deals with the US. As his self-imposed July 9 deadline for deals approaches with few…
[ad_1] President Donald Trump just gave Vietnam a trade break — and used it to squeeze China.On Wednesday, Trump announced a trade deal with Hanoi that would levy 20% on imports from Vietnam, down from the 46% rate Trump announced on “Liberation Day.” In return, Vietnam has agreed to allow American goods to enter the country duty-free.What’s also significant is that Trump announced a 40% tariff on goods shipped from another country via Vietnam to the US — a move that analysts say is aimed squarely at transshipments from China.”The ‘China quotient’ in US negotiations with other Asian economies is…
[ad_1] In late May, Anthropic CEO Dario Amodei appeared to kick open the door on a sensitive topic, warning that half of entry-level jobs could vanish within five years because of AI and push U.S. unemployment up to 20%. But Amodei is far from alone in sharing aloud that he foresees a workforce bloodbath. A new WSJ story highlights how other CEOs are also issuing dire predictions about AI’s job impact, turning employment doom into something of a competitive sport. Actually, several of these predictions came before Amodei’s comments. For example, at JPMorgan’s annual investor day earlier in May, its…
[ad_1] It’s the AI equivalent of a double text.Business Insider has learned Meta is training customizable chatbots to be more proactive and message users unprompted to follow up on past conversations.It may not cure what Mark Zuckerberg calls the “loneliness epidemic,” but Meta hopes it will help keep users coming back to its AI Studio platform, documents obtained by BI reveal.The goal of the training project, known internally to data labeling firm Alignerr as “Project Omni,” is to “provide value for users and ultimately help to improve re-engagement and user retention,” the guidelines say.Meta told BI that the proactive feature…
[ad_1] CNN — The first six months of President Donald Trump’s second term in office have been marked by sweeping policy actions — including broad-based tariffs, deportations, federal spending cuts and government workforce layoffs — that have the potential to reshape the American economy and global order. While it may take time for these policies to work their way through the economy and become clearer in economic data, the indirect impacts already are making their mark. The US private sector lost jobs in June, the first negative month in more than two years, according to new data Wednesday from payroll…
[ad_1] CNN — Electric vehicles are a common sight on roads across the world — but not everywhere. In Saudi Arabia, electric vehicles (EVs) account for just over 1% of overall car sales, according to PricewaterhouseCoopers’ (PwC) “eMobility Outlook 2024: KSA Edition,” published in September 2024. Globally, about 18% of all cars sold in 2023 were electric, according to the International Energy Agency. There are several roadblocks to the rollout of cleaner cars in the desert kingdom, but things are changing quickly. The Electric Vehicle Infrastructure Company (EVIQ) is at the forefront of that transformation. EVIQ was founded in late…
[ad_1] Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The price of copper in London has climbed close to its highest level this year, as traders try to get their hands on dwindling supplies after a months-long rush to move metal to the US ahead of possible tariffs. The benchmark London price rose to a more than three-month high of almost $10,000 a tonne on Wednesday. Copper stocks in the London Metal Exchange global network of warehouses have dropped to the lowest level since 2023.The ructions have hit the trading houses…