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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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1 month ago | 
theguardian.com | Richard Foster |Paul Campbell
1.Which team won the same number of points this season as they did last season? 2.Mohamed Salah finished the season with 29 goals and 18 assists, meaning he was involved in 55% of Liverpool’s goals. Which player was involved in 46% of his team’s goals – the second highest contribution in the league? 3.Which player scored three own goals this season? 4.Which stadium hosted the most goals – a total of 75 in 19 matches? Tottenham Hotspur Stadium5.Two players scored two hat-tricks this season.
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2 months ago | 
virginiabusiness.com | Richard Foster |Richard Foster
Ashley Dayer’s dream of winning a National Science Foundation grant to pursue discoveries in bird conservation started when she was an early-career professor with an infant in her arms and a shoestring laboratory budget. Competition is intense for NSF grants, a key source of funding for science research at U.S. universities. It took three failed applications and years of preliminary research before the agency awarded her one.
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2 months ago | 
virginiabusiness.com | Richard Foster |Richard Foster
Sales of previously occupied U.S. homes slowed in March, a lackluster start to the spring homebuying season as elevated mortgage rates and rising prices discouraged home shoppers. Existing home sales fell 5.9% last month from February to a seasonally adjusted annual rate of 4.02 million units, the National Association of Realtors said Thursday. The March sales decline is the largest monthly drop since November 2022, when sales fell 6.7% from the previous month.
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2 months ago | 
virginiabusiness.com | Richard Foster |Richard Foster
GLEN ALLEN, Va. (AP) — Atlantic Union Bankshares Corp. (AUB) on Thursday reported first-quarter profit of $49.8 million. The bank, based in Glen Allen, Virginia, said it had earnings of 52 cents per share. Earnings, adjusted for costs related to mergers and acquisitions and non-recurring costs, were 57 cents per share. The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 69 cents per share.
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2 months ago | 
virginiabusiness.com | Richard Foster |Richard Foster
NEW YORK (AP) — U.S. stocks are rallying further Thursday as better-than-expected profits for U.S. companies pile up, though CEOs say they’re unsure whether it will last because of uncertainty created by President Donald Trump’s trade war. The S&P 500 was 1.3% higher in midday trading. The Dow Jones Industrial Average was up 265 points, or 0.7%, as of 11:05 a.m. Eastern time, and the Nasdaq composite was 1.7% higher.
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2 months ago | 
virginiabusiness.com | Richard Foster |Richard Foster
NEW YORK (AP) — Tesla‘s first-quarter profits plunged by more than two-thirds amid a backlash against Elon Musk‘s electric car company that has hurt sales and sent its stock plunging. The Austin, Texas, company said Tuesday that quarterly profits fell by 70% to to $409 million, or 12 cents a share. That’s far below analyst estimates. Tesla’s revenue fell 9% to $19.3 billion in the January through March period, also below Wall Street’s forecast.
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2 months ago | 
virginiabusiness.com | Richard Foster |Richard Foster
WASHINGTON (AP) — In the early days of the Great Depression, Rep. Willis Hawley, a Republican from Oregon, and Utah Republican Sen. Reed Smoot thought they had landed on a way to protect American farmers and manufacturers from foreign competition: tariffs. President Herbert Hoover signed the Smoot-Hawley Tariff Act in 1930, even as many economists warned that the levies would prompt retaliatory tariffs from other countries, which is precisely what happened.
