Today's Top Story
Small, well-built Chinese EV called the Seagull poses a big threat to the US auto industry
A tiny, low-priced electric vehicle called the Seagull has American automakers and politicians trembling Read More
Business News
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US airlines are suing the Biden administration over a new rule to make certain fees easier to spot
U.S. airlines are trying to kill a new rule requiring them to disclose fees more quickly when consumers shop for flights
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OpenAI launches GPTo, improving ChatGPT's text, visual and audio capabilities
OpenAI has introduced a new artificial intelligence model
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GM's Cruise to start testing robotaxis in Phoenix area with human safety drivers on board
General Motors’ troubled Cruise autonomous vehicle unit says it will start testing robotaxis in Arizona this week with human safety drivers on board
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Economic News
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Stock market today: Wall Street barely budges as S&P 500 remains just shy of its record
U.S. stocks drifted to a mixed finish, remaining near their record heights
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Argentina will get next installment of bailout as IMF praises Milei's austerity policies
The International Monetary Fund, Argentina’s biggest creditor, has agreed to release the next tranche of loans due under a bailout program
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Are US interest rates high enough to beat inflation? The Fed will take its time to find out
The sharp interest rate hikes of the past two years will likely take longer than previously expected to bring down inflation, several Federal Reserve officials have said in recent comments, suggesting there may be few, if any, rate cuts this year
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Money News
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Bank of England edges closer to rate cut, possibly in June, as it predicts below-target inflation
The Bank of England is keeping its main U.K. interest rate at a 16-year high of 5.25% though it gave a broad hint that a reduction could be on the cards as soon as June as inflation is forecast to fall below target
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A timeline of the collapse at FTX
FTX, once among the largest cryptocurrency exchanges in the world, said this week that nearly all of its customers will receive the money back that they are owed, two years after its monumental collapse
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FTX will return money to most customers less than 2 years after catastrophic crypto collapse
FTX says that nearly all of its customers will receive the money back that they are owed, two years after the cryptocurrency exchange imploded, and some will get more than that
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