Washington — Ace Parsi describes himself as “personally pretty against AI.” The Democrat is running an uphill race against Republican Rep. Riley Moore in ruby-red West Virginia and has drafted a legislative proposal to block new data centers that don’t have buy-in from constituents. But after what he said was probably the most complicated decision…
About one in five Americans say they have had to cut back on groceries to afford their electricity bills, while roughly a quarter of consumers are turning down their heating or air conditioning to uncomfortable levels to lower their energy costs, according to a new survey from Consumer Reports. About 80% of people who have…
Rising financial strains on American workers are forcing them to make painful trade-offs, such as skipping medical care, to make ends meet, new research shows. Financial security among U.S. employees dropped from 46% to 36% in 2026, its lowest level in seven years, according to a survey of 6,000 U.S. employees by benefits company Willis Towers Watson…
Sometimes the key to building wealth is just sticking around, new Federal Reserve data suggests. The 18 million U.S. households headed by someone 75 or older have the highest median net worth of any age group, according to the Fed’s triennial Survey of Consumer Finances. Americans in that demographic had a median net worth of $504,000…
President Trump campaigned in 2024 on promises to lower Americans’ cost of living, vowing to push gasoline prices below $2 a gallon and to deliver 2% mortgage rates. Two years later, consumers face sharply higher costs for many of the necessities he pledged to make more affordable. Less than a month before the midterm elections,…
A law designed to protect patients from surprise medical bills succeeded in eliminating unexpected charges, but spawned a lucrative arbitration industry with providers and specialized middlemen extracting payments far above benchmark billing rates. The practice is ultimately driving up healthcare costs for consumers, a CBS News investigation found. The arbitration system Congress created to settle…
The world is awakening to the potential threats posed by artificial intelligence amid a barrage of reports about AI agents defying their human creators. In reality, however, the story stretches back to Silicon Valley, where AI was born. So how did we get here, exactly? That’s the question technology journalist Kevin Roose seeks to answer in his new…
The Treasury Department will automatically create up to 60 million Trump Accounts for eligible children in the U.S., according to guidance published in the Federal Register on Wednesday. The temporary regulations on President Trump’s namesake investment accounts for American children take effect Sept. 30, according to the Treasury. Previously, parents or guardians were required…
Brenden Theaters typically sees a surge in sales during the summer, before business at the regional movie chain drops off sharply in the fall. This year, it’s trying a new strategy to even out revenue: using a prediction market. The Las Vegas, Nevada-based company, which has seven locations across four states, is joining the growing…
In a single day in January, Immigration and Customs Enforcement spent more money than it had on any other day in either of President Trump’s terms, federal spending records show. The agency advanced billions to Chicago Title Insurance in escrow to acquire detention facilities, according to a Department of Homeland Security spokesperson. Over the next…
