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  • Target to stop selling cereals with certified synthetic colors by end of May

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    NEW YORK — Target will stop selling its entire assortment of cereal with certified synthetic colors by the end of May.

    The move, announced Friday, underscores the acknowledgment that American consumers and the U.S. government under President Donald Trump are paying attention to what goes into packaged foods.

    The Minneapolis-based discounter said it had been phasing out synthetic colors in cereals for several years, and currently nearly 85% of its cereal sales already come from products made without certified synthetic dyes. Some of the artificial food dyes detailed by Target are being reviewed by U.S. Food and Drug Administration like Red No. 40, Yellow No. 5 and 6 and Blue No. 1.

    Target said that it has worked with national brands and its private brands to reformulate products as needed. Some cereals will have updated formulations, and many others already meet its new cereal assortment standard for no certified synthetic colors, the retailer said.

    “We know consumers are increasingly prioritizing healthier lifestyles, and we’re moving quickly to evolve our offerings to meet their needs,” said Cara Sylvester, Target’s executive vice president and chief merchandising officer, in a statement.

    Target said that reformulating its cereal line builds on the foundation Target established in 2019 with the launch of its store label food brand Good & Gather, which is made without artificial flavors and sweeteners, synthetic colors or high fructose corn syrup. The brand has more than 2,500 products across dairy, produce, ready made pastas meat as well as baby and toddler food.

    In recent months, major food companies such as Kraft Heinz, Nestle and Conagra Brands have pledged to eliminate petroleum-based synthetic dyes in coming years.

    General Mills also announced last year that it plans to remove artificial dyes from all of its U.S. cereals and all foods served in K-12 schools by the summer of 2026. It is also looking to eliminate the dyes from its full U.S. retail portfolio by the end of 2027.

    Last October,Walmart said it plans to remove synthetic food dyes and 30 other ingredients, including some preservatives, artificial sweeteners and fat substitutes, from its store brands sold in the United States by January 2027.

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  • Anthropic refuses to bend to Pentagon on AI safeguards as dispute nears deadline

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    A public showdown between the Trump administration and Anthropic is hitting an impasse as military officials demand the artificial intelligence company bend its ethical policies by Friday or risk damaging its business.

    Anthropic CEO Dario Amodei drew a sharp red line 24 hours before the deadline, declaring his company “cannot in good conscience accede” to the Pentagon’s final demand to allow unrestricted use of its technology.

    Anthropic, maker of the chatbot Claude, can afford to lose a defense contract. But the ultimatum this week from Defense Secretary Pete Hegseth posed broader risks at the peak of the company’s meteoric rise from a little-known computer science research lab in San Francisco to one of the world’s most valuable startups.

    If Amodei doesn’t budge, military officials have warned they will not just pull Anthropic’s contract but also “deem them a supply chain risk,” a designation typically stamped on foreign adversaries that could derail the company’s critical partnerships with other businesses.

    And if Amodei were to cave, he could lose trust in the booming AI industry, particularly from top talent drawn to the company for its promises of responsibly building better-than-human AI that, without safeguards, could pose catastrophic risks.

    Anthropic said it sought narrow assurances from the Pentagon that Claude won’t be used for mass surveillance of Americans or in fully autonomous weapons. But after months of private talks exploded into public debate, it said in a Thursday statement that new contract language “framed as compromise was paired with legalese that would allow those safeguards to be disregarded at will.”

    That was after Sean Parnell, the Pentagon’s top spokesman, posted on social media that “we will not let ANY company dictate the terms regarding how we make operational decisions” and added the company has “until 5:01 p.m. ET on Friday to decide” if it would meet the demands or face consequences.

    Emil Michael, the defense undersecretary for research and engineering, later lashed out at Amodei, alleging on X that he “has a God-complex” and “wants nothing more than to try to personally control the US Military and is ok putting our nation’s safety at risk.”

    That message hasn’t resonated in much of Silicon Valley, where a growing number of tech workers from Anthropic’s top rivals, OpenAI and Google, voiced support for Amodei’s stand late Thursday in an open letter.

    OpenAI and Google, along with Elon Musk’s xAI, also have contracts to supply their AI models to the military.

    “The Pentagon is negotiating with Google and OpenAI to try to get them to agree to what Anthropic has refused,” the open letter says. “They’re trying to divide each company with fear that the other will give in.”

    Also raising concerns about the Pentagon’s approach were Republican and Democratic lawmakers and a former leader of the Defense Department’s AI initiatives.

    “Painting a bullseye on Anthropic garners spicy headlines, but everyone loses in the end,” wrote retired Air Force Gen. Jack Shanahan in a social media post.

    Shanahan faced a different wave of tech worker opposition during the first Trump administration when he led Maven, a project to use AI technology to analyze drone footage and target weapons. So many Google employees protested its participation in Project Maven at the time that the tech giant declined to renew the contract and then pledged not to use AI in weaponry.

    “Since I was square in the middle of Project Maven & Google, it’s reasonable to assume I would take the Pentagon’s side here,” Shanahan wrote Thursday on social media. “Yet I’m sympathetic to Anthropic’s position. More so than I was to Google’s in 2018.”

    He said Claude is already being widely used across the government, including in classified settings, and Anthropic’s red lines are “reasonable.” He said the AI large language models that power chatbots like Claude are also “not ready for prime time in national security settings,” particularly not for fully autonomous weapons.

    “They’re not trying to play cute here,” he wrote.

    Parnell asserted Thursday that the Pentagon wants to “ use Anthropic’s model for all lawful purposes” and said opening up use of the technology would prevent the company from “jeopardizing critical military operations,” though neither he nor other officials have detailed how they want to use the technology.

    The military “has no interest in using AI to conduct mass surveillance of Americans (which is illegal) nor do we want to use AI to develop autonomous weapons that operate without human involvement,” Parnell wrote.

    When Hegseth and Amodei met Tuesday, military officials warned that they could designate Anthropic as a supply chain risk, cancel its contract or invoke a Cold War-era law called the Defense Production Act to give the military more sweeping authority to use its products, even if the company doesn’t approve.

    Amodei said Thursday that “those latter two threats are inherently contradictory: one labels us a security risk; the other labels Claude as essential to national security.” He said he hopes the Pentagon will reconsider given Claude’s value to the military, but, if not, Anthropic “will work to enable a smooth transition to another provider.”

    —-

    AP reporter Konstantin Toropin contributed to this report.

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  • Evergreen Recycling, LLC closing Clyde plant

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    TOLEDO, Ohio — Evergreen Recycling, LLC plans to close its Clyde plant, which will result in 163 employees losing their jobs, according to a WARN Notice submitted to the state. 


    What You Need To Know

    • The WARN Notice also stated that its closing another facility in New Albany, N.Y.
    • In total, 247 employees are being laid off. 
    • The layoffs will be permanent, and most job eliminations will occur on Feb. 24

    The WARN Notice also stated that its closing another facility in New Albany, N.Y. In total, 247 employees are being laid off. 

    The layoffs will be permanent, and most job eliminations will occur on Feb. 24, with all layoffs being completed by April 24. 

    “The reason for the termination of operations is that on February 13, 2026, the Company’s revolving credit facility lender (the “Revolving Credit Lender”) unexpectedly swept all of the Company’s cash, even though the Company had advised the Revolving Credit Lender that the Company had several going-concern bidders who had conducted diligence and at least one of which was expected to provide non-binding letters of intent to purchase the Company this week,” the company stated in the notice. 

    Then, on Feb. 17, the Revolving Credit Lender told the company that it’s taking control of the company’s capital assests an stopping funding. 

    “The Revolving Credit Lenders actions were unforeseeable and unexpected, and leave the company with no option but to cease operations immediately,” the company stated.

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    Lydia Taylor

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  • Fintech company Block lays off 4,000 of its 10,000 staff, citing gains from AI

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    BANGKOK — Shares in the financial technology company Block soared more than 20% in premarket trading Friday after its CEO announced it was laying off more than 4,000 of its 10,000 plus employees, reconfiguring to capitalize on its use of artificial intelligence.

    “The core thesis is simple. Intelligence tools have changed what it means to build and run a company,” Jack Dorsey said in a letter to shareholders in Block, the parent company to online payment platforms such as Square and Cash App. “A significantly smaller team, using the tools we’re building, can do more and do it better,” he said.

    Dorsey’s comments explicitly naming AI as a key driver behind the move were also posted on X, or Twitter, a company he co-founded. The assertion that the job cuts will add to Block’s profitability and efficiency led investors to jump in and buy, analysts said.

    Block’s shares gained 5% Thursday to $54.53, before it reported its earnings. They shot up to nearly $69 in after-hours trading. The mobile payments services provider reported its fourth quarter gross profit jumped 24% from a year earlier.

    “For years, we have debated whether AI would dent jobs at the margin. Now we have a public case study in which the CEO explicitly says that intelligence tools have changed what it means to build and run a company,” Stephen Innes of SPI Asset Management said in a commentary.

    “Other large employers have announced tens of thousands of cuts in recent months. Some have downplayed the AI link. Block did not,” he said.

    A global technology company founded in 2009, San Francisco-based Block operates in the United States, Canada, parts of Europe, Australia and Japan.

    In a post on Twitter, Dorsey outlined various ways the company will support those laid off. For employees overseas, the terms might differ, he said.

    It was unclear which employees would be laid off where.

    Layoffs by American companies remain at relatively healthy levels, but the job cuts at Block are the latest among thousands announced in recent months.

    A number of other high-profile companies have announced layoffs recently, including UPS, Amazon, Dow and the Washington Post.

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  • Growing more complex by the day: How should journalists govern use of AI in their products?

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    Like so many sectors of the economy, the news industry is hurtling toward a future where artificial intelligence plays a major role — grappling with questions about how much the technology is used, what consumers should be told about it, whether anything can be done for the journalists who will be left behind.

    These issues were on the minds of reporters for the independent outlet ProPublica as they walked picket lines earlier this month. They’re inching toward a potential strike, in what is believed would be the first such job action in the news business where how to deal with AI is the chief sticking point.

    Few expect this dispute will be the last.

    AI has undeniably helped journalists, simplifying complex tasks and saving time, particularly with data-focused stories. News organizations are using it to help sift through the Epstein files. AI suggests headlines, summarizes stories. Transcription technology has largely eliminated the need for a human to type up interviews. These days, even a simple Google search frequently involves AI.

    Yet rushing to see how AI can help a financially troubled industry has resulted in several cases of publications owning up to errors.

    Within the past year, Bloomberg issued several corrections for mistakes in AI-generated news summaries. Business Insider and Wired were forced to remove articles by a fake author named Margaux Blanchard. The Los Angeles Times had trouble with AI and opinion pieces. Ars Technica said AI fabricated quotes, and the publication that has frequently reported on the risks of overreliance on AI tools embarrassed itself further by failing to follow its policy to tell readers when the tool is used.

    The ProPublica dispute is noteworthy for how it touches on issues that are frequently cause for debates. The union representing ProPublica’s journalists, negotiating its first contract with the the outlet known for investigative reporting, says it wants commitments that mirror those sought elsewhere in the industry about disclosure and the role of humans in the use of AI.

    Along with holding informational pickets, union members pledged overwhelmingly that they would be willing to strike without a satisfactory agreement, said Jen Sheehan, spokeswoman for the New York Guild, the union that represents many journalists in the city.

    “It feels to me pretty monumental when we think about the trajectory of AI and journalism,” said Alex Mahadevan, an expert on the topic at the Poynter Institute journalism think tank.

    ProPublica has rejected its requests, the union said. Insight into why can be found in an essay, “Something Big is Happening,” that circulated widely this month. Author and investor Matt Shumer, who said he’s spent six years building an AI startup, wrote that the technology is advancing so quickly that “if you haven’t tried AI in the last few months, what exists today would be unrecognizable to you.”

    Small wonder, then, that news executives are reluctant to put guarantees in writing that could quickly become outdated.

    Rather than make promises that can’t be kept, ProPublica is exploring how technology can create more space for investigative reporting, company spokesman Tyson Evans said. In the “unlikely event” of AI-related layoffs, ProPublica is proposing expanded severance packages for those affected, he said.

    “We’re approaching AI with both curiosity and skepticism,” Evans said. “It would be a mistake to freeze editorial decisions in a contract that will last years.”

    Fifty-seven of 283 contracts at U.S. news organizations negotiated by the NewsGuild-USA contain language related to artificial intelligence, said Jon Schleuss, president of the union that represents more journalists than any in the country. The first such deals happened in 2023, and The Associated Press was one pioneer. He wants provisions in more contracts.

    It won’t be easy, judging by the reluctance of many outlets to be tied down. The organization Trusting News, which encourages news organizations to develop and make public its policies on AI use, estimates that less than half of U.S. outlets have done so.

    “I think it is becoming harder,” Schleuss said, “because too many newsrooms are being run by the greedy side of the organization and not by the journalism side of the organization.”

    The guild pushing for contracts that guarantee AI won’t eliminate jobs. That’s no surprise; unions exist to protect jobs. Schleuss characterized a proposal that ensures an actual journalist is involved when AI is used as a way to prevent errors and help an outlet build trust with its readers.

    “Humans are actually so much better at going out, finding the story, interviewing sources, bringing back the relevant pieces, asking the hard follow-up questions and putting that in a way that people can understand and see, whether it’s a news story or a video,” he said. “Humans are way better at doing that than AI ever will be.”

    Apparently, not everyone in journalism agrees. Chris Quinn, editor of The Plain Dealer in Cleveland, Ohio, wrote this month of his disgust with a recent college graduate who turned down a job offer because the person had been taught that AI was bad for journalism.

    Quinn’s newspaper has been sending some of its journalists out to cover stories by interviewing people, collecting quotes and information, then feeding it to a computer to write. While a human will edit what the computer spits out, an integral part of the process — a reporter using his or her judgment about how to tell a story — has been stripped from their hands. Quinn defended it as the best use of limited resources.

    Research shows that a vast majority of American consumers believe that it’s very important that newsrooms tell the public when AI is used to write stories or edit photographs, said Benjamin Toff, director of the Minnesota Journalism Center at the University of Minnesota. But here’s the rub: Such disclosure makes them trust the outlet’s stories less, not more.

    A significant minority — 30% in a study Toff conducted last year — doesn’t want AI used in journalism at all.

    Telling a reader that AI was used is not as simple as it sounds. “There are just so many, many uses of AI in journalism, from the very beginning of the reporting process to when you hit publish, that just broadly declaring that when AI is used in the newsgathering process that you have to disclose it, just seems like it is actually a disservice to the reader in some cases,” Poynter’s Mahadevan said.

    Two lawmakers in New York state — the nation’s publishing capital — introduced legislation this month requiring clear disclaimers when artificial intelligence is used in an published content. There’s no immediate word on its chances for passage, but both sponsors are Democrats in a legislature controlled by that party.

    Mahadevan believes it’s fair to have policies that requires human involvement — editing to prevent slip-ups, for example. But even these declarations are open to interpretation, he said. If an outlet uses chatbots to answer reader questions, are they being edited by a human being?

    “Speaking realistically, the newsroom of the future is going to look completely different than it does today,” he said. “Which means people will lose jobs. There will be new jobs. So I think it’s important that we are having these conversations right now because audiences do not want a newsroom completely taken over by AI.”

    ___

    David Bauder writes about the intersection of media and entertainment for the AP. Follow him at http://x.com/dbauder and https://bsky.app/profile/dbauder.bsky.social.

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  • Panamanian investigators remove documents from offices of co

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    PANAMA CITY — Panamanian investigators carried documents Thursday out of offices belonging to a Hong Kong-owned company that operated ports at either end of the Panama Canal until its concession was declared unconstitutional by the Supreme Court last month.

    Public prosecutor Azael Samaniego, of the anti-corruption office, told local media outlets that visits were made to three offices of the Panama Ports Company in Panama City and that the Panama Maritime Authority and investigators from the National Directorate of Judicial Investigation also participated. The Panama Ports Company is the local subsidiary of Hong Kong-based CK Hutchison.

    Samaniego said his office had information pointing to the possible commission of a crime, but he did not specify what the crime could be. He said an investigation was in its early stages.

    The Panama Ports Company did not respond to requests for comment, nor did Panamanian law enforcement agencies.

    The investigation comes days after the Maritime Authority seized the Balboa and Cristobal ports from the Panama Ports Company. The company has previously rejected the court’s ruling and the Chinese government has accused Panama’s government of bowing to United States pressure.

    The ports, which have been operated by the company since 1997, became embroiled in a legal dispute after getting caught in the middle of the U.S. and China’s competition for influence in the region.

    The Trump administration objected to the ports being controlled by a Chinese company and accused China of running the canal, something both Panama and China deny.

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  • Ruoming Pang, Meta’s $200M Superintelligence Hire, Jumps to OpenAI After Just 7 Months

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    Sam Altman reportedly courted Pang for months. Andrew Harnik/Getty Images

    Ruoming Pang, a prominent A.I. researcher recruited by Meta last year with a pay package reportedly worth more than $200 million, has left the company to join OpenAI, The Information reported yesterday (Feb. 25). His departure marks another setback for Mark Zuckerberg’s elite A.I. team and underscores the escalating A.I. talent war. Pang joined Meta Superintelligence Labs (MSL) in July after being poached from Apple. He remained at Meta for only seven months.

    Zuckerberg unveiled MSL in July 2025 as the centerpiece of Meta’s push to develop advanced A.I. systems. The lab quickly became the focus of an aggressive—and costly—hiring spree. Alexandr Wang, founder of Scale AI, now leads the group as Meta’s A.I. chief after Meta acquired 40 percent of his startup. Within MSL, a smaller, more secretive unit known as TBD Lab is tasked with building next-generation foundation models.

    Pang was originally from Shanghai and earned his undergraduate degree from Shanghai Jiao Tong University. He holds a master’s in computer science from the University of Southern California and earned a Ph.D. from Princeton University in 2006. Over the course of his career, Pang has worked on some of the most consequential A.I. systems in the industry, making him one of the more sought-after engineers in the field.

    At Apple, he spent nearly four years as a “senior distinguished engineer,” leading development of the foundation models behind Apple Intelligence. Before Apple, Pang spent roughly 15 years at Google DeepMind as a principal software engineer, where he worked on large-scale machine learning systems, including privacy-preserving technologies and speech recognition.

    OpenAI has not disclosed Pang’s title, scope of responsibilities or the terms of his compensation. The Sam Altman-led company reportedly courted him for months, so the package is likely substantial. OpenAI employees earn roughly $1.5 million in annual salary and equity, according to the Wall Street Journal. Pang is widely expected to continue working on foundation models and superintelligence research.

    For Meta, Pang’s exit complicates Zuckerberg’s ambition to dominate the superintelligence race. The company has successfully recruited high-profile researchers from OpenAI, Google and Anthropic. However, MSL has also seen a steady stream of departures in recent months.

    Among the most prominent was Yann LeCun, Meta’s chief A.I. scientist, who exited at the end of last year after more than a decade at the company. LeCun publicly criticized MSL chief Wang’s lack of experience with A.I. research

    Other departures have been quieter but telling. Ethan Knight joined MSL for only a few weeks before moving to OpenAI last August—a stint so brief it never appeared on his LinkedIn profile. Bert Maher, a software engineer, left after 12 years at Meta to join Anthropic. Avi Verma, who had been expected to join Meta from OpenAI, ultimately backed out.

    Pang’s move is the latest signal that Silicon Valley’s A.I. talent war is intensifying. Even as talk of an A.I. bubble grows louder and tech companies rely on increasingly complex financial structures to sustain lofty valuations, leaders like Zuckerberg, Altman and Anthropic’s Dario Amodei show little sign of restraint. Instead, they are offering compensation packages worth tens or even hundreds of millions of dollars to persuade top researchers that their vision for superintelligence will prevail.

    Ruoming Pang, Meta’s $200M Superintelligence Hire, Jumps to OpenAI After Just 7 Months

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    Rachel Curry

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  • IRS broke the law by disclosing confidential information to ICE 42,695 times: Judge

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    WASHINGTON — A federal judge said Thursday that the IRS broke the law by disclosing confidential taxpayer information “approximately 42,695 times” to Immigration and Customs Enforcement.

    U.S. District Judge Colleen Kollar-Kotelly found that the IRS had erroneously shared the taxpayer information of thousands of people with the Department of Homeland Security as part of the agencies’ controversial agreement to share information on immigrants for the purpose of identifying and deporting people illegally in the U.S.

    Her finding was based off a declaration filed earlier this month by Dottie Romo, IRS’ chief risk and control officer, which revealed that the IRS had provided DHS with information on 47,000 of the 1.28 million people that ICE requested — and, in most of those cases, gave ICE additional address information in violation of privacy rules created to protect taxpayer data.

    Kollar-Kotelly said in her Thursday decision that the agency violated IRS Code 6103, one of the strictest confidentiality laws in federal statute, “approximately 42,695 times by disclosing last known taxpayer addresses to ICE.” She called the Romo declaration “a significant development in this case.”

    “The IRS not only failed to ensure that ICE’s request for confidential taxpayer address information met the statutory requirements, but this failure led the IRS to disclose confidential taxpayer addresses to ICE in situations where ICE’s request for that information was patently deficient,” she wrote.

    The government is appealing the case, but the Thursday ruling is significant because Romo’s declaration supports the decision on appeal.

    Nina Olson, founder of the Center for Taxpayer Rights, which has sued the government over the disclosure, says “this confirms what we’ve been saying all along: that the IRS has an unlawful policy that violates the Internal Revenue Code’s protections by releasing these addresses in a way that violates the law’s requirements.”

    Representatives from the IRS and Treasury Department did not respond to Associated Press requests for comment.

    A data-sharing agreement signed last April by Treasury Secretary Scott Bessent and Homeland Security Secretary Kristi Noem allows ICE to submit names and addresses of immigrants inside the U.S. illegally to the IRS for cross-verification against tax records. The deal led the then-acting commissioner of the IRS to resign.

    There are several ongoing cases that challenge the IRS-DHS agreement.

    Earlier this week, a three-judge panel for the U.S. Court of Appeals for the D.C. Circuit declined to issue a preliminary injunction for the immigrants’ rights group, Centro de Trabajadores Unidos, and other nonprofits that are suing the federal government to stop implementation of the agreement.

    In declining the preliminary injunction request, Judge Harry T. Edwards wrote that the nonprofit groups “are unlikely to succeed on the merits of their claim,” since the information the agencies are sharing isn’t covered by the IRS privacy statute.

    Still, two separate court orders have blocked the agencies from massive transfers of taxpayer information and blocked ICE from acting upon any IRS data in its possession. Those preliminary injunctions are still in place.

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  • Average US long-term mortgage rate dips below 6% for the first time since late 2022

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    The average long-term U.S. mortgage rate slipped this week below 6% for the first time since late 2022, good news for home shoppers as the spring homebuying season gets rolling.

    The benchmark 30-year fixed rate mortgage rate fell to 5.98% from 6.01% last week, mortgage buyer Freddie Mac said Thursday. One year ago, the rate averaged 6.76%.

    The average rate has been hovering close to 6% this year. This latest dip, its third decline in a row, brings it closer to its lowest level since Sept. 8, 2022, when it was 5.89%.

    Mortgage rates are influenced by several factors, from the Federal Reserve’s interest rate policy decisions to bond market investors’ expectations for the economy and inflation. They generally follow the trajectory of the 10-year Treasury yield, which lenders use as a guide to pricing home loans.

    The 10-year Treasury yield was at 4.02% at midday Thursday, down from around 4.07% a week ago.

    Mortgage rates have been trending lower for months, helping drive a pickup in home sales the last four months of 2025, but not enough to lift the housing market out of its slump dating back to 2022, when mortgage rates began to climb from pandemic-era lows.

    Sales of previously occupied U.S. homes remained stuck last year at 30-year lows. And more buyer-friendly mortgage rates this year weren’t enough to lift home sales last month. They posted the biggest monthly drop in nearly four years and the slowest annualized sales pace in more than two years.

    Still, with the average rate on a 30-year mortgage now below 6% as the annual spring homebuying season begins, it could encourage prospective home shoppers who can afford to buy at current rates to shop for a home this spring.

    “Assuming rates stay below 6%, buyers and sellers are going to start getting back into the market,” said Lisa Sturtevant, chief economist at Bright MLS. “March is when the spring homebuying season typically begins to ramp up and with rates at a three-and-a-half year low, it could be a barn burner of a spring homebuying season.”

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  • Fire at an Ohio Farm Complex Kills About 6,000 Hogs and Smoke Is Visible for Miles

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    LONDON, Ohio (AP) — A fire at an Ohio hog farm complex has killed about 6,000 of the animals, an official said.

    A large column of smoke could be seen in the distance on Wednesday from Fine Oak Farms in London, Chief Brian Bennington of the Central Townships Joint Fire District said in a statement.

    Two of five large agricultural buildings were “heavily involved in fire” as firefighters arrived, Bennington said. Multiple fire departments were called to help. The complex housed about 7,500 hogs, he said.

    Firefighters faced sustained winds of about 20 mph (32 kph), with gusts reaching up to 35 mph (56 kph), which accelerated the fire’s spread, Bennington said. Extensive water shuttle operations were needed due to limited water supply in the rural area, he said. It took five hours to bring the fire under control.

    No people were hurt. The Ohio State Fire Marshal’s Office is investigating the cause and origin of the fire. Bennington said there is no suspicion of arson at this time.

    The farm is in Madison County, about 25 miles (40 kilometers) southwest of Columbus.

    Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

    Photos You Should See – Feb. 2026

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    Associated Press

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  • AI song generator startups angered the music industry. Now they’re hoping to join it

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    CAMBRIDGE, Mass. — Suno CEO Mikey Shulman pulls up a chair to the recording studio desk where a research scientist at his artificial intelligence company is creating a new song.

    The flute line sounds promising.

    The percussion needs work.

    Neither of them is playing an instrument. They type some descriptive words – Afrobeat, flute, drums, 90 beats per minute – and out comes an infectious rhythm that livens up the 19th century office building where Suno is headquartered in Cambridge, Massachusetts. They toggle some editing tools to refine the new track.

    Much like early experiences with ChatGPT or AI text-to-image generators, trying to make an AI-generated song on platforms like Suno or its rival, Udio, can seem a little like magic. It takes no musical skills, practice or emotional wellspring to conjure up a new tune inspired by almost any of the world’s musical traditions.

    But the process of training AI on beloved musicians of the past and present to produce synthetic approximations of their work has angered the music industry and brought much of its legal power against the two startups.

    Now, after their users have flooded the internet with millions of AI-generated songs, some of which have found themselves on streaming services like Spotify, the leaders of Suno and New York-based Udio are trying to negotiate with record labels to secure a foothold in an industry that shunned them.

    “We have always thought that working together with the music industry instead of against the music industry is the only way that this works,” said Shulman, who co-founded Suno in 2022. “Music is so culturally important that it doesn’t make sense to have an AI world and a non-AI world of music.”

    Sony Music, Universal Music and Warner Records sued the two startups for copyright infringement in 2024, alleging that they were exploiting the recorded works of their artists.

    Since then, the pair have strived to make peace with the industry. Suno, now valued at $2.45 billion, last year struck a settlement with Warner, and Udio has signed licensing agreements with Warner, Universal and independent label Merlin. Only one major label, Sony, has not settled with either startup as the lawsuits move forward in Boston and New York federal courts.

    The first of the settlement deals, between Udio and Universal, led to an exodus of frustrated Udio users who were blocked from downloading their own AI-generated tracks. But Udio CEO Andrew Sanchez said he’s optimistic about what the future will bring as his company adapts its business model to let fans of willing artists use AI to play with and potentially alter their works.

    “Having a close relationship with the music industry is elemental to us,” Sanchez said in an interview. “Users really want to have an anchor to their favorite artists. They want to have an anchor to their favorite songs.”

    Many professional musicians are skeptical. Singer-songwriter Tift Merritt, co-chair of the Artists Rights Alliance, recently helped organize a “Stealing Isn’t Innovation” campaign by artists — including Cyndi Lauper and Bonnie Raitt — to urge AI companies to pursue licensing deals and partnerships rather than build platforms without regard for copyright law.

    “The economy of AI music is built totally on the intellectual property, globally, of musicians everywhere without transparency, consent, or payment. So, I know they value their intellectual property, but ours has been consumed in order to replace us,” Merritt said in an interview in Raleigh, North Carolina.

    Shulman contends technology “evolves very often faster than the law,” and his company tries to be thoughtful about “not breaking the law” but also “deliver products that the world really wants.”

    When the music industry first confronted Suno over alleged copyright infringement, the company’s antagonistic response alienated professionals like Merritt.

    Symbolizing the divide was a clip last year in which Shulman was quoted as saying, “it’s not really enjoyable” to make music most of the time. Shulman started learning piano at age 4 but later dropped it. He took up bass guitar at 12, playing in rock bands in high school and college. He said that experience gave him some of the best moments of his life.

    “You need to get really good at an instrument or really good at a piece of production software,” Shulman said on the “The Twenty Minute VC” podcast. “I think the majority of people don’t enjoy the majority of the time they spend making music.”

    “Clearly, I wish I had said different words,” Shulman told the AP. The context, he added, was that “to produce perfect music takes a lot of repetitions and not all of those minutes are the most enjoyable bits of making music. On the whole, obviously, music is amazing. I play music every day for fun.”

    Sanchez, the Udio CEO, also would like people to know he loves making music. He’s an opera-loving tenor who’s sung in choirs and grew up crooning Luciano Pavarotti in his family’s home in Buffalo, New York.

    Founded in 2023 by a group that included several AI researchers from Google, the startup now employs about 25 people. It has fewer users and raised less capital than Suno, reducing its leverage in its negotiations with record labels.

    But like ride-hailing company Lyft, which pitched itself as the friendly alternative to Uber’s aggressive expansion tactics more than a decade ago, Udio embraces its underdog status.

    “So many tech companies actively cultivate this I-am-a-tech-company-crusader and that’s part of their identity,” Sanchez said. “That alienates people who are creative and I am uniformly opposed to that.”

    Sanchez said he knows not every artist is going to embrace AI, but he hopes those who leave the room after talking with him realize he’s not imposing a kind of “AI bravado.”

    “If you took what we’re doing and pretended that the word AI wasn’t a part of it, people would be like, ‘Oh my gosh. This is so cool.’”

    In the basement office of his Philadelphia, Mississippi home, Christopher “Topher” Townsend is a one-man band, making and marketing Billboard-chart-topping gospel music — none of which he sings himself — and doing it in record time.

    The rapper, whose lyrics reflect his political conservatism, downloaded Suno in October and, within days, created Solomon Ray, a fictional singer that Townsend calls an extension of himself.

    Townsend uses ChatGPT to write lyrics, Suno to generate songs and other AI tools to create cover art and promotional videos under the Solomon Ray name.

    “I can see why artists would be afraid,” Townsend said. ”(Solomon Ray) has an immaculate voice. He doesn’t get sick. You know, he doesn’t have to take leave, he doesn’t get injured and he can work faster than I can work.”

    Trying to dispel that fear for aspiring artists is Jonathan Wyner, a professor of music production and engineering at the Berklee College of Music in Boston, who sees generative AI as just another tool.

    “To the creative musician, AI represents both enormous potential benefits in terms of streamlining things and frankly making kinds of music-making possible that weren’t possible before, and making it more accessible to people who want to make music,” he said.

    Such a vision remains a tough sell for artists who feel their work has already been exploited. Merritt says she’s particularly concerned about labels making deals with AI companies that leave out independent artists.

    Neither Sanchez nor Shulman was invited to the Grammy Awards in February, but both spent time schmoozing at the sidelines of the event.

    “I think AI music is still officially not allowed, and my hope is that some of these rules change over the next year, and then maybe the 2027 Grammys, I’ll get an invite,” Shulman said.

    —————-

    O’Brien reported from Cambridge, Massachusetts and New York. Ngowi reported from Cambridge and Somerville, Massachusetts. AP journalists Sophie Bates in Philadelphia, Mississippi and Allen G. Breed in Raleigh, North Carolina, contributed to this report.

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  • St. Pete wants to expand the Maritime and Defense Technology Hub

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    ST. PETERSBURG, Fla. — A St. Petersburg City Council committee took the first steps on Thursday to potentially give voters the chance in November to approve an expansion of the Maritime and Defense Technology Hub.


    What You Need To Know

    • A St. Pete City Council committee unanimously approved ballot language for a 25-year lease for Hub 2 on Thursday
    • The city wants to expand the Maritime and Defense Technology Hub with a new $30M facility
    • Plans call for a 52,000 square foot research and collaboration facility which would be mostly funded by grants
    • The next step is a public hearing and council approval of an ordinance, which would trigger the referendum to be on the November ballot


    “Our port is a unique asset,” said Alison Barlow, Innovation District CEO. “We want to capitalize on that.”

    The new facility, Hub 2, would cost $30 million and be constructed on a parking lot just west of the current building at 450 8th Avenue Southeast, which opened in 2022. The city must seek voter approval to lease the land, which is a requirement for public waterfront property development.

    Plans call for a 52,000 square foot research and collaboration facility. The current capacity of the Hub is about 32,000 square feet. Hub 2 would feature communal workspaces, a waterfront connection to the Port of St. Petersburg, a rooftop terrace and a lobby with the only NOAA 360 sphere in Florida, according to Barlow.

    “It uses high-tech cameras and shows different weather patterns,” Barlow said. “You can do different storytelling. You can do all kinds of really neat educational programs.”

    The city’s Economic and Workforce Development Committee unanimously approved a 25-year lease for the ballot on Thursday, aligning port facilities with neighboring Albert Whitted Airport. Council Member Gina Driscoll chairs the committee, and the Hub is located in her district. Driscoll called it a tremendous opportunity to expand the marine science sector.

    “This is going to create jobs,” she said. “It’s going to bring new companies here, new research, and it’s going to help the companies that we do have here to be able to expand and stay in St. Petersburg.”

    The average salary for full-time employees at the Hub is $91,500. Driscoll said the City Council must take a few more steps to place the referendum on the 2026 ballot.

    “Next, this item will go to a public hearing,” she said. “If this passes as an ordinance, the ordinance triggers the referendum, and it will be on the ballot in November.”

    Barlow said the Innovation District only plans to ask voters to approve the lease, as she expects to pay for Hub 2 with multiple grants and some tenant investment.

    “That is our goal,” she said. “Maybe some private investment.”

    Peyton Donald and Ashley Player were one of the first startups to move their business, Seven Serpents, into the Hub in 2022. Seven Serpents is just one of 20 businesses packed into the Hub, which includes SubUAS and Pole Star Defense.

    Donald is the president of Seven Serpents, which offers training for special forces in the U.S. military, and said more space is desperately needed

    “It’s a great environment to work. Unfortunately, there’s not enough individualized space for all of the companies,” he said. “There’s not enough facilities here in the St. Pete area. We’ve searched all over the place.”

    Player is the company’s vice president and said it has taken Seven Serpents years to expand into bigger spaces at the Hub.

    “We started out in the co-working space. So hot desking,” she said. “Then we moved into this office, which was a nice change. And we’re about to move into a bigger office.”

    The only space currently available at the HUB is a 10 by 10 office, according to Barlow.

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    Josh Rojas

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  • New York sues ‘Counter-Strike’ game developer saying ‘loot boxes’ promote gambling

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    NEW YORK — New York’s attorney general has sued video game developer Valve, claiming the “loot boxes” found in Counter-Strike and other popular video game franchises illegally promote gambling.

    State Attorney General Letitia James said in a lawsuit filed Wednesday in New York state court that games such as Counter-Strike 2, Team Fortress 2 and Dota 2 illegally charge users for the chance to win rare items held in the virtual containers.

    In Counter-Strike, the process even resembles a slot machine, with an animated spinning wheel that eventually rests on a selected item, James’ office said.

    “Valve has made billions of dollars by letting children and adults alike illegally gamble for the chance to win valuable virtual prizes,” James said in a statement. “These features are addictive, harmful, and illegal.”

    Messages seeking comment were left Wednesday for the Bellevue, Washington-based company.

    “Loot box” items are generally cosmetic, such as a hat for a player’s character or an artistic skin for weapons. They usually don’t serve any vital function in the games, but James’ office said the items can still be sold online for significant sums.

    Some of the rarest items can go for thousands of dollars online, according to James’ office. One item, an AK-47 Counter-Strike skin, recently sold for more than $1 million.

    James’ suit says Valve is violating New York’s constitution by promoting gambling in its games. It wants the company to stop the practice and pay restitution and damages to users, as well as a fine worth three times the amount of its profits from the features.

    The attorney general argues that research has found children introduced to gambling are four times more likely to develop a gambling problem later in life than those who are not.

    “Loot boxes, like other forms of gambling, can lead to addiction and result in real harm,” the suit reads. “But Valve’s loot boxes are particularly pernicious because they are popular among children and adolescents, who are lured into opening loot boxes by the prospect of winning expensive virtual items that convey status in the gaming world.”

    James’ office said demand for “loot box” prizes has drawn interest not just from online speculators and investors that have helped values soar, but also thieves targeting third-party, online marketplaces where the virtual items can be sold for cash.

    Valve facilitates those third-party marketplaces, as well as operating its own, the Steam Community Market, where players can sell their items and use the proceeds to buy other video games, gaming hardware or other virtual items.

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  • Feds give record $27B in loans for utility expansion in Georgia and Alabama

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    ATLANTA — Federal energy officials on Wednesday announced a record $27 billion loan to electric utilities in Georgia and Alabama, saying the loan will save customers money as the companies undertake a huge expansion driven by demand from computer data centers.

    A total of $22.4 billion will go to Georgia Power and $4.1 billion to Alabama Power. Both are subsidiaries of Atlanta-based Southern Company, one of the nation’s largest utilities. The companies plan to use the cash to build new natural-gas fueled power plants, build new transmission lines and upgrade existing power plants.

    Energy Secretary Chris Wright said the loan will result in more than $7 billion in savings over decades from a lower, federally subsidized interest rate.

    “We’re focused on driving down costs,” Wright said. He added that the loan would help ensure Southern customers “have access to affordable, reliable and secure energy for decades to come.”

    Wright and President Donald Trump have frequently made the case for their fossil fuel-friendly policies — including orders over the past nine months to keep some coal-fired plants open past planned retirement dates — as necessary to ensure reliability of the nation’s electric grid.

    Wright says the orders have saved utility customers millions of dollars and helped keep lights on during last month’s winter storm. Critics say the orders are unnecessary and have raised electric bills as utilities keep older, more expensive plants operating.

    “These loans will help lower the cost of investments in our grid that will enhance reliability and resilience for the benefit of our customers,” said Chris Womack, Southern’s chairman, president and CEO.

    The new loan comes amid scrutiny on rising utility bills, with electricity prices increasing faster than inflation in many states. There is also widespread opposition to new data centers for artificial intelligence.

    Trump in his State of the Union Tuesday announced a “ratepayer protection pledge” against higher utility bills tied to AI. He said tech companies will provide their own power as they build data centers. Trump didn’t provide details but claimed prices will go down.

    It is unclear whether any tech companies have signed pledges to build their own power plants, but Wright said on a call with reporters Wednesday that “every name you know that’s developing a data center has been in dialogue with us.”

    He cited “cooperation” from giants such as Microsoft, Google and Meta, but he didn’t specify any written agreements.

    Federal officials have long given utility loans, including $12 billion in loans that the first Trump administration and President Barack Obama’s administration guaranteed for two costly nuclear reactors at Georgia’s Plant Vogtle, partially owned by Georgia Power.

    Trump’s tax and budget bill last year reshaped the loan program to focus on increasing capacity to generate and transmit electricity. Loan guarantees under President Joe Biden focused on green energy goals.

    Gregory Beard, who directs the newly renamed Office of Energy Dominance Financing, said Wednesday that cutting interest rates and discarding Biden’s policy “will get us back on the right track in terms of affordability.”

    The loan office will review individual projects to ensure they’re financially viable, he said. “We’re not going to build this plant or deploy this capital until we are sure that it’s the right thing to do for the local community, for the local ratepayer,” Beard said in an interview.

    Those requirements don’t seem to be laid out in loan agreements that Southern released Wednesday. Jennifer Whitfield, an attorney for the Southern Environmental Law Center who represented Georgia Power expansion opponents, said the loans will save money for Georgians, but questioned their wisdom.

    “As a taxpayer, it’s hard to avoid the fact that this is a bailout paid for by every taxpaying citizen of the United States,” she said.

    Any savings for customers must be approved by the elected Public Service Commissions in Alabama and Georgia. Commissioners last July approved a three-year rate freeze requested by Georgia Power, while commissioners in Alabama approved a two-year rate freeze in December. Company officials tout the freezes when utilities nationwide have been seeking record increases. But opponents complain company-friendly regulators locked in high prices and high utility profits.

    Voters booted two Republican incumbents off the Georgia commission in November amid complaints about rising bills.

    Commissioner Peter Hubbard, one of two new Democrats, unsuccessfully tried to roll back approval for Georgia Power’s expansion in recent weeks. He said Wednesday that the declining costs of solar, wind and battery power could make new natural gas plants uneconomic over time.

    “It’s locking us into a costlier option,” he said of the federal loan. ”And so I think it just is not meeting the moment of affordability.”

    ___

    Daly reported from Washington.

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  • World Trade Center’s last office tower will soon be built and house American Express

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    NEW YORK — The World Trade Center’s final office tower will start construction as soon as this spring and become American Express ‘ new headquarters, Gov. Kathy Hochul and the company said Wednesday, marking a milestone nearly 25 years after the Sept. 11 attacks destroyed the site.

    The 2 World Trade Center building will round out the long, tortuous redevelopment of the original 16-acre trade center property. There remains no construction date for a neighboring apartment building to replace another 9/11-damaged skyscraper.

    But the 2 World Trade Center announcement represents a big step, physically and symbolically, in fulfilling a pledge of renewal at ground zero. Hochul and other officials also trumpeted the project as a sign of New York’s continued vitality as a business hub. It comes as Florida and other states have been trying to woo companies from New York.

    “Building 2 World Trade Center will bring another iconic skyscraper to Lower Manhattan, create thousands of good-paying union jobs and provide billions in economic benefits to New Yorkers,” Hochul, a Democrat, said in a statement.

    American Express CEO Stephen Squeri called the skyscraper “an investment in our company’s future, our colleagues and the Lower Manhattan community,” where the credit card giant has been based for nearly 200 years. Its current headquarters is just west of the trade center.

    The trade center was decimated when al-Qaida hijackers crashed jets into its twin towers, part of a coordinated attack that also sent planes into the Pentagon and a field near Shanksville, Pennsylvania. Nearly 3,000 people were killed, mainly at the trade center.

    Fraught with physical, financial and political complexities and public debate over what to build, redevelopment unfolded gradually and hit numerous roadblocks. But over time, the signature 1 World Trade Center skyscraper, other towers, the Sept. 11 memorial and museum, a transit hub -cum-shopping center and a performing arts center were built on the property, owned by the Port Authority of New York and New Jersey.

    The 55-story, roughly two-million-square-foot (186,000-square-meter) 2 World Trade Center building is planned at the site’s northeastern corner. The spot is currently occupied by a low placeholder building, covered with colorful graffiti-style murals, and a beer garden.

    American Express declined to discuss the cost of the new building — which the company will own, leasing the underlying land — but said it doesn’t involve any tax incentives. Messages seeking further information about the costs and financing of the project were sent to officials.

    Plans once envisioned a skyscraper soaring as high as 80 stories, and News Corp. and the former Twenty-First Century Fox were among companies that at points eyed moving there. Like some other trade center components, the project labored for years to secure financing and an anchor tenant. The task grew tougher when the coronavirus pandemic emptied offices in 2020 and raised questions about companies’ future space needs.

    Developer Larry Silverstein always insisted the project would happen, however.

    Silverstein Properties CEO Lisa Silverstein, who is the 94-year-old developer’s daughter, hailed American Express as “an iconic institution embodying the strength, resilience, and global significance of the project.”

    The company plans to occupy the entire Norman Foster -designed building, a sleek structure of glassy sections interspersed with landscaped terraces and gardens. It’s expected to accommodate up to 10,000 workers; American Express declined to say how that compares to its current headquarters.

    Completion is expected in 2031.

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  • Federal Judge in Texas Allows Lawsuit Against California Attorney General Over ExxonMobil Remarks

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    SAN FRANCISCO (AP) — A federal judge in Texas has ruled that ExxonMobil can bring a defamation lawsuit against California’s attorney general over comments about the company’s plastic recycling efforts.

    U.S. District Judge Michael J. Truncale in the Eastern District of Texas said in a ruling earlier this month that California Attorney General Rob Bonta cannot claim official immunity in regards to several statements he made, including one in a campaign email sent to Texas residents.

    Bonta sued Exxon in September 2024, saying that the oil giant encouraged consumers to purchase plastics products with the promise that the products would be recycled. He said less than 5% of plastic is recycled into another plastic product, and that recycling processes touted by Exxon don’t work. Exxon said the problem is with California’s recycling system.

    Exxon later sued Bonta in his individual capacity and environmental groups for defamation, saying that the comments harmed current and future business contracts. The lawsuit was filed in Texas, near its principal place of business.

    Truncale dismissed the lawsuit against the environmental groups but allowed it to proceed against Bonta.

    The judge pointed to a campaign email Bonta sent to Texas residents saying that only 5% is recycled and the rest ends up in the environment and in our bodies: “Exxon Mobil knew, and Exxon Mobil lied.” Bonta, a Democrat, argued he was simply updating email recipients on his office’s activities.

    But Truncale said a campaign contribution link on the email turned the communication into a campaign activity not protected by immunity in Bonta’s official capacity as attorney general.

    “Here, the contribution request betrays the email’s true nature: a campaign promotion. Campaigning is not within Bonta’s scope of employment,” the judge wrote.

    Bonta’s office did not immediately respond to a request for comment.

    ExxonMobil said in a statement that the “campaign of lies designed to derail our advanced recycling business must stop.”

    Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

    Photos You Should See – Feb. 2026

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  • Research Reports & Trade Ideas – Yahoo Finance

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    Analyst Report: American Tower Corp.

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  • Research Reports & Trade Ideas – Yahoo Finance

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    Analyst Report: Norfolk Southern Corp.

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  • Chiuri makes Fendi creative debut with fur-forward looks and star-filled front row

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    MILAN — Uma Thurman’s casual front-row look for Maria Grazia Chiuri’s debut as Fendi creative director during Milan Fashion Week on Wednesday provided a sneak peek of a cold-weather collection that veered from solid daywear to sensuous evening looks, anchored by fur-forward outerwear.

    The front row was star-packed, including Thurman in a classic white blouse under a dark blazer and Jessica Alba in a double-breasted pantsuit. Both echoed looks on the runway.

    Dakota Fanning and Monica Bellucci also were present, along with a host of K-pop stars, including Fendi ambassador Bang Chan. Hundreds of K-pop fans waited outside with homemade signs and drawings of their favorite singers, across the street from a dozen anti-fur protesters.

    Fendi was born a century ago in Rome as a furrier and leather goods maker, and heritage fur looks were strong on the runway, from bombers to patchwork coats. Wispy fur collars complemented silken dresses and sheer, beaded eveningwear; fur-lined hoods adorned parkas, while plush collars topped trench coats.

    Dark blazers and overcoats defined the opening looks, layered over trousers, casual dresses and sheer lace. Lace was reinterpreted on laser-cut leather dresses, anchored by starched white collars and dainty bangles.

    Boho florals made a quick appearance, along with a sheer Art Deco–style dress. A smattering of denim and animal prints punctuated the mostly black and navy palette.

    Chiuri’s was one of the most highly anticipated debuts during this Milan Fashion Week of mostly womenswear collections. She started her career at Fendi as a handbag designer and later was co-creative director of Valentino and creative director of Dior.

    The creative director shuffle reshaping European fashion has been male-dominated, with Chiuri among a handful of women taking top jobs at major houses. They include Louise Trotter, who will show her second collection at Bottega Veneta, and Meryll Rogge, who will make her debut at Marni this week.

    Silvia Venturini Fendi, who stepped aside as creative director of the fashion house last fall, took a front-row seat for Wednesday’s collection.

    “It’s very moving,” said Venturini Fendi, who until this season has been busy backstage during shows. “It’s the first time I have watched a Fendi runway show.”

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  • Asian stocks gain after optimism about AI sends Wall Street higher

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    TOKYO — U.S. futures were flat after President Donald Trump’s State of the Union speech, while Asian shares were mostly higher.

    Japan’s benchmark briefly hit a record high as investors were cheered by an overnight Wall Street rally driven by optimism about the artificial-intelligence boom.

    Tokyo’s Nikkei 225 surged 2.2% to 58,583.12.

    Shares also rose in China. Hong Kong’s Hang Seng rose 0.5% to 26,735.22, while the Shanghai Composite added 0.6% to 4,142.17.

    South Korea’s Kospi surged 2.1% to 6,093.33, as the benchmark continued to benefit from the global demand for computer chips.

    In Taiwan, the Taiex jumped 2.1% as shares in TSMC, the world’s largest contract manufacturer of computer chips, surged 2.5%.

    Australia’s S&P/ASX 200 jumped 1.2% to 9,128.30.

    In his speech, Trump focused on jobs, manufacturing and an economy he says is stronger than many Americans believe. He didn’t dwell on efforts to lower the cost of living — despite polling showing that his handling of the economy and kitchen-table issues has increasingly become a liability.

    The futures for the S&P 500 and the Dow Jones Industrial Average were nearly unchanged.

    On Tuesday, before the speech, the S&P 500 climbed 0.8% to 6,890.07. The Dow industrials added 0.8% to 49,174.50, and the Nasdaq composite climbed 1% to 22,863.68.

    Advanced Micro Devices helped lead the market and rallied 8.8% after announcing a multiyear deal where it will supply chips to Meta Platforms to help power its AI ambitions. Meta also got the right to buy up to 160 million shares of AMD stock for 1 cent each, depending in part on how many chips Meta ultimately buys.

    It’s a reminder of the excitement that built in recent years about the billions of dollars pouring into AI, producing a sharp turnaround from the prior day, when worries about the potential downsides of AI shook Wall Street. IBM rose 2.7% to recover some of its 13.1% drop from Monday, which was its worst since 2000.

    Chipmaking giant Nvidia is due to report its earnings later Wednesday in a quarterly report likely to sway a jittery stock market as investors weigh whether the massive bets riding on technology’s latest craze will pay off.

    As has been the case since Nvidia’s chipsets emerged as AI’s best building blocks, the expectations are sky high for the results covering the company’s fiscal quarter, covering November through January.

    Big U.S. companies have reported mostly better profits for the end of 2025 than analysts expected. Keysight Technologies rallied 23.1% for the biggest gain in the S&P 500, while Home Depot rose 2% after likewise delivering stronger profit and revenue than analysts expected.

    In the bond market, Treasury yields held relatively steady after a report said that confidence among U.S. consumers improved by more than economists expected. The yield on the 10-year Treasury held at 4.03%, where it was late Monday.

    In other dealings early Wednesday, benchmark U.S. crude oil added 48 cents to $66.11 a barrel. Brent crude, the international standard, rose 48 cents to $71.06 a barrel.

    The U.S. dollar slipped to 155.82 Japanese yen from 155.91 yen. The dollar traded close to 160 yen levels several months ago. The euro cost $1.1803, up from $1.1774.

    ___

    Yuri Kageyama is on Threads: https://www.threads.com/@yurikageyama

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