Richard Foster
Editor and Chief Content Officer at Virginia Business
Editor and Chief Content Officer at Business Daily Virginia News
Articles
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2 weeks ago |
virginiabusiness.com | Richard Foster |Richard Foster
SUMMARY:Disney and Universal sue Midjourney over AI-generated images. Studios allege copyright violations involving Star Wars, Minions. Lawsuit claims Midjourney ignored takedown requests. NEW YORK (AP) — Disney and Universal have filed a copyright lawsuit against popular artificial intelligence image-generator Midjourney on Wednesday, marking the first time major Hollywood companies have enter the legal battle over generative AI.
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2 weeks ago |
virginiabusiness.com | Richard Foster |Richard Foster
SUMMARY:S&P 500 nears record high as inflation stays lower than forecast. Consumer prices rose 2.4% in May, easing Wall Street fears. Trump announces China will supply rare earths under trade framework. Fed rate cuts more likely after cooler inflation data. NEW YORK (AP) — U.S. stocks are drifting near their record on Wednesday after a report suggested President Donald Trump’s tariffs are not pushing inflation much higher, at least not yet.
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2 weeks ago |
virginiabusiness.com | Richard Foster |Richard Foster
SUMMARY:U.S. consumer prices rose 2.4% in May; core inflation stayed at 2.8%. Groceries, appliances and toys saw price increases; gas and rent fell. Trump tariffs not yet driving broad inflation but may later this year. Economists warn of rising costs for school supplies and coffee. WASHINGTON (AP) — U.S. inflation picked up a bit last month as higher prices for groceries and some imported goods were largely offset by cheaper gas, travel services, and rents.
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3 weeks ago |
virginiabusiness.com | Richard Foster
SUMMARY:Amazon will invest $10 billion in Richmond County, N.C.The AI and cloud campus will create at least 500 high-skilled jobs. Project includes major infrastructure upgrades at no local cost. Incentives package offers Amazon 20 years of tax-based grants.
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3 weeks ago |
virginiabusiness.com | Richard Foster
Forty-one companies headquartered in Virginia made the grade in Fortune magazine’s 71st annual Fortune 1000 list, and 25 Virginia companies are on this year’s elite Fortune 500. Notably this year, Ferguson Enterprises, the Newport News-based plumbing and heating products distributor, debuted on the Fortune 500, ranking No. 146. Following a corporate reorganization last year, Ferguson’s British holding company merged with its U.S. subsidiary based in Newport News.
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