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Business

Stocks drop sharply over worries about AI effects

NEW YORK (AP) — U.S. stocks fell sharply Thursday as the market punished companies seen as potential losers from artificial-intelligence technology. The S&P 500 sank 1.6% for its second-worst day since Thanksgiving, though it's still near its all-time high set late last month. The Dow ...

GOP senator open to compromise on Federal Reserve nominee

WASHINGTON (AP) — Republican Sen. Thom Tillis from North Carolina suggested Thursday he could support a compromise that would allow the Senate Banking Committee to start hearings on Kevin Warsh, President Donald Trump's nominee to chair the Federal Reserve. "What I heard being floated could ...

Trial starts accusing social media of addicting children

LOS ANGELES (AP) — The world's biggest social media companies face several landmark trials this year that seek to hold them responsible for harms to children who use their platforms. Opening statements in one such trial in Los Angeles County Superior Court began on Monday. Instagram's ...