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Corporate Bankruptcies Hit Highest Level in Since April 2023 Amid High Interest Rates
Corporate Bankruptcies Hit Highest Level in Since April 2023 Amid High Interest Rates
May 12, 2024  |  Economy

U.S. corporate bankruptcies reached their highest level in a year in April. That’s according to a Sunday (May 12) report by Seeking Alpha, citing data...

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UK Unveils First-Ever State-Backed AI Safety Tool
UK Unveils First-Ever State-Backed AI Safety Tool
May 12, 2024  |  artificial intelligence

The U.K. has debuted what it calls a landmark toolset for artificial intelligence (AI) safety testing. The new offering, announced Friday (May 10) by the country’s AI Safety...

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Fast-Casual Dining Slows Amid Consumer Pressure
Fast-Casual Dining Slows Amid Consumer Pressure
May 12, 2024  |  Consumer Insights

Consumer caution at restaurants is reportedly dampening business at fast-casual eateries. As Bloomberg News reported Saturday (May 11), restaurants such as Red Lobster — which is...

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Report: AI Will Take Up 10% of Big Tech IT Budgets
Report: AI Will Take Up 10% of Big Tech IT Budgets
May 12, 2024  |  artificial intelligence

Artificial intelligence (AI) projects are set to comprise up to 10% of companies’ IT budgets. That’s according to a report Sunday (May 12) by Seeking...

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Federal Judge Blocks CFPB Rule Limiting Credit Card Late Fees
Federal Judge Blocks CFPB Rule Limiting Credit Card Late Fees
May 10, 2024  |  Credit Cards

The government’s new rule that would limit credit card late fees has been blocked by a federal judge in Texas. In a Friday (May 10)...

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FSOC: Regulators, Congress Should Enhance Resilience of Nonbank Mortgage Companies
FSOC: Regulators, Congress Should Enhance Resilience of Nonbank Mortgage Companies
May 10, 2024  |  Real Estate

The Financial Stability Oversight Committee (FSOC) is encouraging state and federal regulators and Congress to do more to enhance the resilience of nonbank mortgage companies (NMCs). The...

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US House to Vote on Crypto Bill
US House to Vote on Crypto Bill
May 10, 2024  |  Cryptocurrency

A bill that promises regulatory clarity for digital assets has moved a step closer to a vote in the U.S. House. The House Committee on Rules said...

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IBM Launches Service to Help Enterprises Add GenAI Copilots
IBM Launches Service to Help Enterprises Add GenAI Copilots
May 10, 2024  |  artificial intelligence

IBM has introduced a new service that will help enterprises integrate generative artificial intelligence (AI) copilots into their organizations. Offered by IBM Consulting, the new IBM Copilot Runway will assist...

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McDonald’s Wants to Promote Value by Implementing $5 Meal Deal
McDonald’s Wants to Promote Value by Implementing $5 Meal Deal
May 10, 2024  |  Economy

McDonald’s is reportedly encouraging franchisees to vote to implement a $5 meal deal to bring back consumers who have left because of high prices. Franchisees — which...

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