Video Credit: Bleacher Report AOL - Duration: 10:00s - Published
CNN10 - 10/19/21
Americans remember Colin Powell, China’s space program advances, a company develops an electric flying taxi, and pro artists carve an amazing pumpkin display.
March Retail Sales , Exceeded Expectations.
New Commerce Department data surprised
some analysts on April 15, 'The Hill' reports. .
The agency's latest estimates indicate
that March retail sales increased by 0.7%.
They were only expected
to rise 0.3% last month.
While sales exceeded estimates for March, the jump
was still below the 0.9% increase in February.
Compared to the same time last year, total sales
for the first three months of 2024 were up 2.1%.
On April 10, the Labor Department released data showing that inflation rose last month. .
The consumer price index (CPI)
increased 0.4% in March and 3.5% annually.
In February, consumer prices
increased 3.2% year-over-year. .
Still, the newest Commerce Department data suggests that Americans continue to spend despite prolonged inflation, 'The Hill' reports.
Credit: Wibbitz Top Stories Duration: 01:30Published
Fears of Potential Iranian Attack , Drive US Stocks Down , Nearly 500 Points.
CNN reports that United States stocks dropped on
April 12 amid rising tensions in the Middle East pushing
traders to seek safe havens like gold and bonds.
CNN reports that United States stocks dropped on
April 12 amid rising tensions in the Middle East pushing
traders to seek safe havens like gold and bonds.
By mid-afternoon, the Dow had fallen
1.4%, the S&P 500 went down 1.6%,
and the Nasdaq dropped 1.8%.
The dip came after the White House announced
that both the U.S. and Israel are on alert for
a potential attack by Iran or its allies.
The dip came after the White House announced
that both the U.S. and Israel are on alert for
a potential attack by Iran or its allies.
The warning comes after Iran
accused Israel of a deadly airstrike
on a consulate in Damascus, Syria. .
The news also sent oil prices up amid
fears of regional tensions escalating
as a result of the ongoing war in Gaza. .
The news also sent oil prices up amid
fears of regional tensions escalating
as a result of the ongoing war in Gaza. .
Brent crude futures jumped up to $90.42
a barrel, and West Texas Intermediate crude
futures increased to $86.65 a barrel.
Those geopolitical concerns and subsequent
rising oil prices sent investors to safe havens like
gold futures, which rose to $2,379 a troy ounce.
Those geopolitical concerns and subsequent
rising oil prices sent investors to safe havens like
gold futures, which rose to $2,379 a troy ounce.
CNN reports that Americans' opinions of
the economy have dipped in the past few
months amid persistently high inflation.
The geopolitical fears come as investors are already
contending with concerns that the Federal Reserve could
wait to bring interest rates down from a 23-year high.
Officials at the Fed have signaled that further rate
hikes could still be on the way if the central
bank's efforts to fight inflation stall.
Credit: Wibbitz Top Stories Duration: 01:31Published
Federal Benefit Helping , Low-Income Households , Afford Internet Coming to an End.
CNN reports that next month, low-income
Americans face a crisis that threatens millions
of households with economic distress.
The United States government says that
it can only pay about half of what it owes
on a popular federal benefits program.
The Federal Communications Commission (FCC) announcement
represents the first tangible impact of Congress' failure
to extend the Affordable Connectivity Program (ACP).
The pandemic-era benefit provides
monthly discounts on internet service
for over 23 million households in the U.S.
As a result of dwindling funds,
April will be the last month
households can receive full benefits. .
In May, ACP will only be able to
provide 46% of the normal benefit
payments before ending entirely in June.
The end of the program means that millions of
people will have to choose between paying
for internet, housing and food.
According to the FCC, Internet service providers (ISPs)
could decide to close the gap for millions of households
that will be impacted by the program coming to an end.
We encourage providers to
take efforts to keep consumers
connected at this critical time, FCC statement, via CNN.
The FCC went on to add that ISPs could offer discounts, low-cost
internet plans or take other measures to ensure that service is
not interrupted for millions of low-income Americans.
Credit: Wibbitz Top Stories Duration: 01:30Published
O.J. Simpson -- one of the most infamous high-profile Americans of all time -- is dead after a cancer battle. The former NFL great -- who stood trial for the.. TMZ.com
White House Issues New Rules , on How Government Can Use AI.
White House Issues New Rules , on How Government Can Use AI.
The policy was released by the White House on March 28, 'The Hill' reports. .
It is intended to reduce AI risks
within the government.
According to a White House memo, federal agencies must now appoint a chief AI officer, add safeguards and issue reports about how AI is being used. .
Those reports will also be made public, according to 'The Hill.'.
However, some AI uses, such as those
employed by the Department of Defense, do not require reports because they would be "inconsistent with applicable law and government policy.".
Agencies will have 60 days
to appoint a chief AI officer.
Safeguards to protect Americans' rights and safety must be implemented by December.
Vice President Kamala Harris
weighed in on the development.
I believe that all leaders
from governments, civil society
and the private sector have a
moral, ethical and societal duty... , Vice President Kamala Harris, via call with reporters.
... to make sure that artificial
intelligence is adopted and advanced
in a way that protects the public from
potential harm, while ensuring everyone
is able to enjoy its full benefits, Vice President Kamala Harris, via call with reporters
Credit: Wibbitz Top Stories Duration: 01:30Published
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