ANNAPOLIS, Md. (AP) — Federal investigators say the loss of electrical power from a loose wire caused a huge cargo ship to lose propulsion and steering before crashing into Baltimore’s Francis Scott Key Bridge, causing it to collapse last year and killing six construction workers. The National Transportation Safety Board voted unanimously Tuesday for the…… MORE
Sharp Disagreements Over Economy Threaten Federal Reserve Interest Rate Cut
WASHINGTON (AP) — What was once seen as a near-certain cut in interest rates next month now looks more like a coin flip as Federal Reserve officials sharply disagree over the economy’s health and whether stubborn inflation or weak hiring represent a bigger threat. In several speeches in the past week, some policymakers have registered…… MORE
Cloudflare Resolves Outage That Impacted Thousands, ChatGPT, X and More
A widely used Internet infrastructure company said that it has resolved an issue that led to outages impacting users of everything from ChatGPT and the online game, “League of Legends,” to the New Jersey Transit system early Tuesday. Around 10 a.m. ET, Cloudflare said it was “continuing to monitor for errors to ensure all services…… MORE
Meta Prevails in Historic FTC Antitrust Case, Won’t Have to Break Off WhatsApp, Instagram
SAN FRANCISCO (AP) — Meta has prevailed over an existential challenge to its business that could have forced the tech giant to spin off Instagram and WhatsApp after a judge ruled that the company does not hold a monopoly in social networking. U.S. District Judge James Boasberg issued his ruling Tuesday after the historic antitrust…… MORE
Federal Reserve Releases New Guidance for Bank Oversight in Move Praised by Industry
WASHINGTON (AP) — The Federal Reserve’s top banking regulator on Tuesday released new guidelines for the agency’s supervision of the financial system, earning praise from industry trade groups and criticism from her predecessor. In a set of sweeping changes, the principles call for bank examiners to focus on material financial risks and to “not become…… MORE