Business

It’s America’s fastest-growing job – thanks to ChatGPT

Feb. 27, 2025

On the hunt for a new job? Building artificial intelligence tech could be a safe option. The market for jobs in the AI sector has surged in the last two years, according to a recent analysis from the University of Maryland and job-tracking firm LinkUp — the latest in a slew of studies indicating AI skills are in high demand. Anil Gupta, a professor of strategy, globalization and entrepreneurship at the University of Maryland’s Smith School of Business who co-led the research, said the analysis showed a clear “ChatGPT effect,” referring to how the OpenAI-developed chatbot’s launch led to the job posting spike – replacing many IT-related job listings.

Business

Trump’s tariffs chaos is contributing to delivery delays of goods

Feb. 27, 2025

If you have an upcoming deadline for a package delivery — even if it’s several weeks away — you may want to consider placing your order as soon as possible. That’s because in this new age of on-again, off-again tariffs, there’s no saying when your package will be delivered — if at all. I learned this the hard way.

Business

Trump White House’s new press policy: Threats, revenge and MAGA media favoritism

Feb. 27, 2025

This week is a troubling turning point in the already-tense dynamic between the Trump White House and the press corps. At the White House, and at key agencies like the Defense Department, the plan is obvious: Punish traditional journalists who ask tough questions and promote a parallel universe of pro-Trump media outlets.

Business

Trump’s got a bird flu plan. So when will eggs stop costing so much?

Feb. 27, 2025

Egg prices are surging so high that the Trump administration is pledging to step in and solve the crisis — but don’t expect relief the next time you go grocery shopping. Agriculture Secretary Brooke Rollins announced on Wednesday a plan to invest $1 billion in strategies to rein in soaring egg prices. Yet in an op-ed in the Wall Street Journal, Rollins acknowledged that it “won’t erase the problem overnight.” Rather, she said the egg market won’t stabilize for another “three to six months.”

Business

Elon Musk’s proximity to Trump could work against him in Tesla’s number-two market

Feb. 27, 2025

As the world’s richest person, Elon Musk isn’t short of opportunity. From TikTok to Nissan, his name comes up time and again during potential deals across Asia, no matter how outlandish. It’s not his Midas touch that investors are after, experts say. Rather, Musk is being pursued for his closeness to US President Donald Trump and role leading the Department of Government Efficiency (DOGE).

Business

Consumer watchdog quits cases against firms accused of ripping off Americans

Feb. 27, 2025

The Consumer Financial Protection Bureau (CFPB) abruptly dropped cases on Thursday against multiple companies that had previously been accused of hurting consumers. Court filings indicate that the consumer watchdog has decided to dismiss lawsuits previously filed against Capital One, Rocket Homes, a unit of Warren Buffett’s Berkshire Hathaway and a student loan servicer. Just weeks earlier the CFPB accused Capital One of “cheating” millions of customers out of billions of dollars of interest payments.

Business

Amazon has a ‘slew of AI devices’ coming, hardware chief says

Feb. 27, 2025

Amazon debuted a more sophisticated version of Alexa on Wednesday that’s more conversational and can handle tasks on your behalf. But in a surprising departure from its usual playbook, the company didn’t announce new Echo devices to go with its revamped digital helper. But that might not be the case for long.

Business

Elon Musk says upgrade of FAA’s air traffic control system is failing and SpaceX needs to take over Verizon’s contract

Feb. 27, 2025

Elon Musk said Thursday that Verizon’s efforts to provide a critically needed upgrade to the FAA’s air traffic control system is failing. And he said that it is important that Starlink, a unit of his SpaceX satellite and rocket company, take over. “The Verizon communication system to air traffic control is breaking down very rapidly,” he said in a post on his social media platform X. “The FAA assessment is single digit months to catastrophic failure, putting air traveler safety at serious risk.”

Business

The US Postal Service is more efficient than you think. Privatizing it could cause problems for many

Feb. 26, 2025

President Donald Trump is once again talking about privatizing the US Postal Service. It’s an idea that has employees and major users of the mail very nervous. The 250-year old service is an independent government organization that is older than the country itself. With billions in annual losses — a $9.5 billion loss in the most recent fiscal year — coming up with a way to make it more efficient and stem the red ink would seem to be a no brainer.

Business

Americans are getting fed up with the economy. Does that mean we’re heading into a recession?

Feb. 26, 2025

American consumers and businesses are feeling uneasy, fearing higher inflation is lurking around the corner as President Donald Trump talks massive tariffs. That’s raising questions on what America’s souring economic mood means for spending, hiring and the future of the world’s largest economy. “The kinds of changes that are occurring under Trump are arguably unprecedented, and it’s making people very nervous,” Mark Zandi, chief economist at Moody’s, told CNN. “If confidence continues to fall for another three months, and consumers actually pack it in, then game over.”