Global economy set for its worst half decade of growth in 30 years, World Bank says
The global economy is on course to record its worst half decade of growth in 30 years, according to the World Bank. International: Top News And Analysis
Tag: says
Reckitt Benckiser unit recalls possibly contaminated baby formula powder, FDA says
The company said that most, if not all, of the possibly contaminated product has already been consumed. U.S. News
Free ChatGPT may incorrectly answer drug questions, study says
The study shows that patients and health-care workers should be cautious about relying on OpenAI’s viral chatbot for drug information, the lead author said. U.S. News
Ripple CEO says SEC has lost sight of mission to protect investors
Ripple CEO Brad Garlinghouse said he hopes the U.S. will move beyond crypto regulation by litigation to a point where federal laws are introduced by Congress. International: Top News And Analysis
Fed’s Mary Daly says it’s ‘too early to declare victory’ on inflation
Tighter policy is helping bring down inflation but not to where policymakers should feel too comfortable, the San Francisco Fed president said. U.S. News
Teenage Vaping Declines This Year, Survey Says
The annual tobacco use survey given to middle and high school students revealed a decrease among older teenagers for the first time in several years. NYT > Health
Is Social Media Addictive? Here’s What the Science Says.
A major lawsuit against Meta has placed a spotlight on our fraught relationship with online social information. NYT > Health
Apple supplier Foxconn says it’s ‘way too late’ to chase dominance in cutting-edge chips
Apple iPhone supplier Foxconn said that its semiconductor strategy is to focus on specialty chips, instead of competing in the race for cutting-edge chips. International: Top News And Analysis
Iran-backed Hezbollah joining Israel-Hamas conflict would be a ‘game changer,’ Middle East expert says
With an Israeli ground incursion potentially imminent in the north of the Gaza Strip, the conflict could grow to involve other regional actors, analysts say. International: Top News And Analysis
Inflation is ‘always going to be a risk’ with the U.S. economy now fundamentally changed, ADP chief economist says
Inflation is “always going to be a risk” in the U.S. due to structural changes in the labor market, according to Nela Richardson, chief economist at payroll processing firm ADP. International: Top News And Analysis