Feb 24, 2024 | Markets
Many economists expected the U.S. to suffer a recession last year. Economists surveyed by The Wall Street Journal in late 2022 put the odds of a recession at 63%. The prevailing logic was that the Federal Reserve would raise interest rates too much, causing a...
Feb 23, 2024 | Markets
Google apologized Friday for its faulty rollout of a new artificial intelligence image-generator, acknowledging that in some cases the tool would “overcompensate” in seeking a diverse range of people even when such a range didn’t make sense. The partial explanation...
Feb 23, 2024 | Markets
/ Google says Gemini AI’s tuning has led it to ‘overcompensate in some cases, and be over-conservative in others.’ Google has issued an explanation for the “embarrassing and wrong” images generated by its Gemini AI tool. In a blog post on Friday, Google says its model...
Feb 22, 2024 | Markets
A new report found that 52% of students who recently obtained a bachelor’s degree are underemployed and this impacts how money much they’ll make in their careers. Your first job after college is more important than you might think. Roughly 52% of recent college...
Feb 22, 2024 | Markets
Mortgage rates climbed for the third week in a row, inching closer to 7%. The 30-year fixed-rate mortgage averaged 6.90% in the week ending February 22, up from 6.77% the previous week, according to data from Freddie Mac released Thursday. A year ago, the average...
Feb 22, 2024 | Markets
Canadian consumers sharply pulled back their spending in January after stronger-than-expected retail purchases at the end of last year. Receipts for retailers fell 0.4%, the biggest decline since March 2023, according to an advance estimate from Statistics Canada...
