China self-driving truck company TuSimple pivots to genAI for games

Workers setting up the TuSimple booth for CES 2022 at the Las Vegas Convention Center on Jan. 3, 2022. Alex Wong | Getty Images News | Getty Images Embattled Chinese autonomous trucking company TuSimple has rebranded to CreateAI, focusing on video games and animation, the company announced Thursday. The news comes as GM folded its […]

Fed cuts rate by a quarter point

WASHINGTON – The Federal Reserve on Wednesday lowered its key interest rate by a quarter percentage point, the third consecutive reduction and one that came with a cautionary tone about additional reductions in coming years.  In a move widely anticipated by markets, the Federal Open Market Committee cut its overnight borrowing rate to a target […]

The Fed’s dot plot shows only two rate cuts in 2025, fewer than previously projected

U.S. Federal Reserve Chair Jerome Powell speaks during a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, U.S., November 7, 2024.  Annabelle Gordon | Reuters The Federal Reserve on Wednesday projected only two quarter-point rate cuts in 2025, fewer than previously forecast, according to the […]

My Essential Christmas Dessert Is Flan

Flan is pure nostalgia for me. My Tex-Mex mom made it often, blending all the milk and eggs in a blender, agonizing over the caramel, and then shrieking if it unmolded with a crack in the center. Kid-me didn’t care about the aesthetics of the flan, I just wanted to taste the custard on my […]

Here’s what’s different in the December 2024 statement

This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in November. Text removed from the November statement is in red with a horizontal line through the middle. Text appearing for the first time in the new statement is in red and underlined. Black text appears in both […]