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- I got an £89 refund – how to cancel and avoid unwanted subscriptions
After the PM announced a crackdown on subscription traps, readers share how they got into and out of unwanted plans. [TheTopNews] Read More.1 hour ago - Salvage Company Hoping to Sell Titanic Artifacts Challenges Court’s Role
A Virginia federal court has awarded the company the rights to collect, but not sell, items from the shipwreck. But the company says its earliest retrievals are governed by a French court. [TheTopNews] Read More.1 hour ago - ‘I lost $14,000 in a month’: Investors hit by Korean stock market...Some traders are reeling from heavy losses after a brutal correction in South Korea's stock market. [TheTopNews] Read More.2 hours ago
- LARRY KUDLOW: 156.4 million American adults love the new S&P 500 record high
Once again, the inflationistas who are really rooting against new Fed head Kevin Warsh have been proven wrong. The June inflation numbers went negative. The July inflation numbers did almost the same thing. Consumer prices were basically flat, and producer prices the same.I don’t really think much of the producer price index the way it’s been reconfigured by the Bureau of Labor Statistics, but anyway it was flat, 0.0 percent, for July. So for the last 3 months, the PPI is running 1.3 percent at an annual rate. And the CPI is up 0.5 percent at an annual rate. You can chop and slice and dice these numbers 100 different ways, but the reality is, disinflation is setting in this summer.And just to confuse the matter, if you look at the old Producer Price Index, before the BLS mucked it up, and when it used to actually represent wholesale prices, the old way shows two negative prints in June and July and a 0.7 percent annual rise over the past 3 months. Now, that doesn’t mean that the inflation battle is over. It just means that Mr. Warsh was correct in not moving to raise the Fed’s target rate in his first few months in office.Mr. Warsh is steady as you go, with a clear commitment to bring inflation back to its 2 percent target. A feat that his predecessor, Jay Powell, couldn’t achieve for five years. And as the Wall Street Journal editorial board points out, Mr. Warsh is not using "forward guidance" because it’s not necessary and people should focus on the actual data — not a dozen Federal Reserve regional presidents babbling all over the country. And the chairman himself is not leaking to certain reporters about what he intends to do. In other words, Mr. Warsh is cleaning up the system.Now in terms of the inflation numbers, for context, the Cleveland Fed’s median CPI for the last 12 months is 2.7 percent. And its 16 percent trimmed mean is 2.6 percent. Mr. Warsh watches these alternative measures. So, the Fed is likely to stay on hold for a while, to see if the underlying inflation numbers come down to the 2 percent target. Along the way, they will hopefully be reducing their balance sheet holdings of Treasuries and treasury-backed securities.Yet progress is progress, the Warsh critics are wrong. And the S&P 500 stock market index hit… [TheTopNews] Read More.2 hours ago - Tyson Foods to close 2 facilities, pursue sale of another amid ‘historic&#...Tyson Foods announced Thursday it will close two facilities and is pursing the sale of another as it makes "strategic changes" to its beef business.The company will end operations at its Joslin, Illinois, beef plant and its Eagle Mountain, Utah, case-ready facility, while pursuing a sale of its Pasco, Washington, beef facility, according to a Tyson Foods press release."Tyson Foods will anchor its beef business around three strategically located beef facilities in the central United States: Dakota City, Nebraska; Holcomb, Kansas and Amarillo, Texas, to create a more competitive footprint amidst one of the most historic cattle shortages the country has ever experienced," the company said. HIGH BEEF PRICES HITTING CONSUMERS AS MEATPACKING GIANT WARNS OF SUPPLY STRUGGLES"Recent USDA cattle inventory data, which included continued evidence of limited heifer retention, indicates these supply constraints are likely to persist, requiring strategic action." Tyson Foods said it will assist affected employees in applying for jobs at other facilities.GET FOX BUSINESS ON THE GO BY CLICKING HEREThis is a breaking news story. Please check back for updates. [TheTopNews] Read More.3 hours ago
- Meta taps skilled trades workers to power America’s AI infrastructure boomMeta is partnering with North America’s Building Trades Unions (NABTU) to expand the pipeline of skilled workers needed to build and maintain America’s rapidly growing AI infrastructure.The partnership, announced Wednesday, will give Meta access to NABTU’s network of apprenticeship and training programs while helping connect skilled trades workers with Meta projects across the U.S."The Meta partnership with North America’s Building Trades Unions means avenues of communication are open, access to our recruitment and training pipeline of skilled craft will become available, and we'll be able to deploy craft on an as-needed basis to Meta projects anywhere across America," Sean McGarvey, president of NABTU, told FOX Business.NEW MEXICO COURT ORDERS META TO PAY $567M, OVERHAUL TEEN PROTECTIONS ON FACEBOOK AND INSTAGRAMDemand for skilled trades workers has grown rapidly as tech companies invest in data centers and other infrastructure needed to power AI.McGarvey said the demand is being felt across a range of trades, including HVAC technicians, laborers, operating engineers and more.NABTU represents more than 3.2 million skilled craft professionals in the U.S. and Canada through an alliance of 14 national and international unions. Its unions and contractor partners operate more than 1,900 apprenticeship and training facilities across North America and invest more than $3 billion annually in training and education, according to the announcement from Meta.ZUCKERBERG LAYS OUT VISION TO PUT SUPERINTELLIGENT AI IN EVERYONE'S HANDSNABTU currently has roughly 300,000 people enrolled in its registered apprenticeship system, according to McGarvey, who added that that number could grow significantly."We currently have that 300,000, and we can ramp that up to a million, based on demand," he said.Meta President Dina Powell McCormick said skilled trades workers will be critical to building the infrastructure needed for the U.S. to compete in AI."We are so proud to work with NABTU on this partnership," Powell McCormick said in a statement. "I have had the privilege of working with President McGarvey since I took on this new role, and we are excited to work together on skilled trades.""This is an important moment, and these men and women of the skilled trades are building the American infrastructure needed to ensure America’s values lead the AI race globally," McCormick added.META, OTHER COMPANIES MUST FACE THOUSANDS OF LAWSUITS OVER CHILD SOCIAL MEDIA ADDICTION, APPEALS COURT RULESThe agreement comes as Meta expands its investment in U.S. infrastructure and workforce development.The tech company said the partnership builds on its Future Is For Everyone… [TheTopNews] Read More.4 hours ago
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