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Artificial intelligence algorithms are increasingly being used in financial services — but they come with some serious risks around discrimination. Sadik Demiroz | Photodisc | Getty Images AMSTERDAM — Artificial intelligence has a racial bias problem. From biometric identification systems that disproportionately misidentify the faces of Black people and minorities, to applications of voice recognition
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Westend61 | Westend61 | Getty Images At the midpoint of 2023, some investors see a recession storm on the horizon while others see clear skies ahead. The recession crowd is worried about negative consumer sentiment, while the no-recession camp is heartened by more-positive-than-expected data from the University of Michigan Consumer Sentiment Survey, released in June.
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In this article NSC Follow your favorite stocksCREATE FREE ACCOUNT Cleanup efforts continue on portions of a Norfolk Southern freight train that derailed in East Palestine, Ohio, Feb. 9, 2023. Gene J. Puskar | AP Norfolk Southern supervisors didn’t address an engineer’s safety concerns before a train loaded with toxic chemicals derailed in East Palestine,
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Marko Klaric / EyeEm | EyeEm | Getty Images Americans are eager to travel this summer despite inflation-strapped budgets. “They’re booking flights, hotels, rental cars, vacation homes,” said Hopper economist Hayley Berg. “They are also exhibiting deal-seeking behavior.” The overall price of travel is up 16% from this time in 2019, according to the NerdWallet
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In this article SPCE Follow your favorite stocksCREATE FREE ACCOUNT Carrier aircraft VMS Eve releases spacecraft VSS Unity before firing its rocket engine during the Unity 25 spaceflight on May 25, 2023. Virgin Galactic Virgin Galactic has successfully raised $300 million via an “at the market” offering of common stock, the company disclosed in a
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Federal Reserve Chairman Jerome Powell prepares to testify during the Senate Banking, Housing and Urban Affairs Committee hearing titled “The Semiannual Monetary Policy Report to the Congress,” in Dirksen Building on Thursday, June 22, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images New rules expected to require that banks keep more capital almost
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Money can’t buy you happiness, but can $230 billion buy you a TKO?  Elon Musk is apparently ready to find out, with the world’s richest man having challenged Mark Zuckerberg to a “cage match” — an offer that the martial arts-loving Facebook co-founder quickly agreed to.  “This is real bad blood. This is a beef
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In this article BRK.B Follow your favorite stocksCREATE FREE ACCOUNT Warren Buffett, chairman and CEO of Berkshire Hathaway, smiles as he plays bridge following the annual Berkshire Hathaway shareholders meeting in Omaha, Nebraska, May 5, 2019. Nati Harnik | AP Warren Buffett has made another annual donation to five foundations, boosting his total charitable giving to
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