WASHINGTON (AP) — The American economy expanded at a healthy 3% annual pace from April through June, boosted by strong consumer spending and business investment, the government said, leaving its previous estimate unchanged. The nation’s gross domestic product — the nation’s total output of goods and services — picked up sharply in the second quarter…… MORE
DETROIT (AP) — With a strike deadline looming, the group representing East and Gulf Coast ports is asking a federal agency to make the Longshoremen’s union come to the bargaining table to negotiate a new contract. The U.S. Maritime Alliance says it filed an unfair labor practice charge with the National Labor Relations Board alleging…… MORE
OpenAI’s history as a nonprofit research institute that also sells commercial products like ChatGPT may be coming to an end as the San Francisco company looks to more fully convert itself into a for-profit corporation accountable to shareholders. The company’s board is considering a decision that would change the company into a public benefit corporation,…… MORE
DALLAS (AP) — Southwest Airlines executives have unveiled their vision for turning the carrier into an airline that gives passengers assigned seats, charges them extra for more legroom and offers red-eye flights but bags still fly free. The airline announced on Thursday that it plans to end the open-boarding system it has used for more…… MORE
The average rate on a 30-year mortgage in the U.S. slipped this week to its lowest level in two years, boosting home shoppers’ purchasing power as they navigate a housing market with prices near all-time highs. Mortgage buyer Freddie Mac said Thursday that the rate dipped to 6.08% from to 6.09% last week. A year…… MORE