Stock market today: Wall Street edges back from the year’s big rally | Business

Stock market today: Wall Street edges back from the year’s big rally | Business

NEW YORK — Wall Street took a step back from its big rally so far this year, and most stocks fell Tuesday following a mixed set of earnings reports from U.S. companies. The S&P 500 lost 12.23, or 0.3%, to 4,576.73, coming off its fifth straight winning month. The Nasdaq composite sank 62.11, or 0.4%, … Read more

Chatbots sometimes make things up. Not everyone thinks AI’s hallucination problem is fixable

Chatbots sometimes make things up. Not everyone thinks AI’s hallucination problem is fixable

Spend enough time with ChatGPT and other artificial intelligence chatbots and it doesn’t take long for them to spout falsehoods. Described as hallucination, confabulation or just plain making things up, it’s now a problem for every business, organization and high school student trying to get a generative AI system to compose documents and get work … Read more

Tiger Woods joins PGA Tour board and gives commissioner his support as Saudi deal talks continue

Tiger Woods joins PGA Tour board and gives commissioner his support as Saudi deal talks continue

Tiger Woods has joined the PGA Tour policy board for the first time in his 27 years on tour, giving Commissioner Jay Monahan key support as he rebuilds trust while forging ahead with details of a business partnership with Saudi backers of LIV Golf. Woods will become a sixth player director — a year ago, … Read more

Michigan court affirms critical benefits for thousands badly hurt in car wrecks

Michigan court affirms critical benefits for thousands badly hurt in car wrecks

DETROIT — Major changes in Michigan’s car insurance system don’t apply to people who were catastrophically injured before a 2019 law kicked in, the state Supreme Court said Monday in a decision that delivers critical relief to thousands of people counting on long-term benefits. But the 5-2 opinion didn’t come soon enough for Brian Woodward, … Read more

Trump could be indicted soon in Georgia. Here’s a look at the case

Trump could be indicted soon in Georgia. Here’s a look at the case

ATLANTA (AP) — A Georgia prosecutor is expected to seek a grand jury indictment in the coming weeks in her investigation into efforts by Donald Trump and his allies to overturn the former president’s 2020 election loss. Fulton County District Attorney Fani Willis began investigating more than two years ago, shortly after a recording was … Read more

Judge blocks Arkansas law allowing librarians to be criminally charged over ‘harmful’ materials

Judge blocks Arkansas law allowing librarians to be criminally charged over ‘harmful’ materials

A federal judge has temporarily blocked Arkansas from enforcing a law that would have allowed criminal charges against librarians and booksellers for providing “harmful” materials to minors July 29, 2023, 5:23 PM ET • 3 min read LITTLE ROCK, Ark. — Arkansas is temporarily blocked from enforcing a law that would have allowed criminal charges … Read more

Stock market today: Wall Street returns to rallying following reports on profits and inflation | Nation

Stock market today: Wall Street returns to rallying following reports on profits and inflation | Nation

NEW YORK (AP) — Wall Street’s rally got back on track Friday following more encouraging profit reports and the latest signal that inflation is loosening its chokehold on the economy. The S&P 500 rose 1% to its highest close in more than 15 months. The Dow Jones Industrial Average climbed 176 points, or 0.5% after … Read more

US price and wage increases slow further in the latest signs of cooling inflation

US price and wage increases slow further in the latest signs of cooling inflation

WASHINGTON — Signs that inflation pressures in the United States are steadily easing emerged Friday in reports that consumer prices rose in June at their slowest pace in more than two years and that wage growth cooled last quarter. Together, the figures provided the latest signs that the Federal Reserve’s drive to tame inflation may … Read more

Stock market today: Wall Street’s rally runs out of gas as bond yields jump | Associated Press

Stock market today: Wall Street’s rally runs out of gas as bond yields jump | Associated Press

NEW YORK (AP) — Stocks fell Thursday, taking some air out of Wall Street’s big recent rally, despite fatter-than-expected profit reports from big companies and the latest signals of a resilient economy. The S&P 500 sank 29.34, or 0.6%, to 4,537.41 after touching its highest level in nearly 16 months during the morning. The Dow … Read more

Phoenix sweltered from heat that will break record for US cities

Phoenix sweltered from heat that will break record for US cities

PHOENIX (AP) — A dangerous 19th straight day of scorching heat in Phoenix set a record for U.S. cities Tuesday, confined many residents to air-conditioned safety and turned the usually vibrant metropolis into a ghost town. The city’s record streak of 110 degrees Fahrenheit (43.3 Celsius) or more stood out even amid sweltering temperatures across … Read more