Business News – Page 36 – Deltaplex News

Red Lobster closes multiple locations as company prepares to file for bankruptcy

Wednesday, May 15 by ABC News

(NEW YORK) -- Red Lobster has abruptly closed at least 99 locations across the country with restaurants shutting their doors in at least 27 states.Tagex Brands, a company that handles restaurant liquidation auctions, told ABC News that Red Lobster recently contacted them to auction... Read More.

Mercedes-Benz workers in Alabama are voting to join the UAW. Heres whats at stake for workers nationwide.

Wednesday, May 15 by ABC News

(NEW YORK) -- Thousands of Mercedes-Benz workers in Alabama are voting on a union this week, marking a major test for the United Auto Workers just one month after a watershed victory in nearby Tennessee.The UAW faces a more difficult contest this time around... Read More.

https://www.jrmc.org/services/urinary-urology/

Inflation expected to have cooled slightly in April

Wednesday, May 15 by ABC News

(WASHINGTON) -- The White House and Wall Street will closely watch Wednesday's inflation report for any signs that the Federal Reserve's aggressive cooldown efforts are working.After falling dramatically over the course of last year, inflation has accelerated in recent months. Recalcitrant prices have forced... Read More.

Its a real thing: Drivers and passengers report motion sickness in EVs

Tuesday, May 14 by ABC News

(NEW YORK) -- An oft-touted advantage of owning an electric vehicle is one-pedal driving, when drivers can slow down a vehicle simply by lifting off the throttle.But as more Americans swap their gas-powered cars and trucks for an EV, some are also realizing there... Read More.

OpenAI announces new version of AI language model that fuels ChatGPT

Monday, May 13 by ABC News

(NEW YORK) -- OpenAI announced a desktop version of its conversation bot ChatGPT on Monday as well as the latest iteration of the AI language model that fuels the chatbot.The fresh model offers improved speed and interactive capability when compared with the company's previous... Read More.

McDonalds may consider $5 value meal as food prices continue to soar

Monday, May 13 by ABC News

(NEW YORK) -- McDonald's could soon be lowering prices and possibly launching a new value meal to its menus.The Golden Arches currently offer some individual items on its $1, $2, $3 menu, but it may be rolling out a new value meal with a... Read More.

Home prices are soaring. Is this another bubble?

Saturday, May 11 by ABC News

(NEW YORK) -- Roughly 15 years after a housing bubble triggered the worst U.S. financial disaster since the Great Depression, some observers are voicing concern that the industry has fallen into another bubble.Home prices are soaring, despite high mortgage rates that in theory should... Read More.

Target will only sell Pride Month collection in some stores after backlash in 2023

Friday, May 10 by ABC News

(NEW YORK) -- Target has announced that it will only sell their Pride Month collection in select stores after suffering a backlash and boycott last year during the 2023 Pride season.The company says that instead of offering their Pride Month collection merchandise across all... Read More.

Student loan rates set to reach 16-year high: Its a shock

Thursday, May 9 by ABC News

(NEW YORK) -- The borrowing cost for student loans is poised to reach a 16-year high.The interest rate on a federal undergraduate student loan is expected to climb to 6.5% in July, which would mark its highest level since 2008, financial-aid expert Mark Kantrowitz... Read More.

TikTok to automatically label AI-generated content

Thursday, May 9 by ABC News

(NEW YORK) -- TikTok announced on ABC News' Good Morning America Thursday morning that beginning immediately, the social media giant will automatically label Artificial Intelligence-generated content when it is uploaded from certain platforms."Our users and our creators are so excited about AI and what... Read More.

TikTok sues to block potential ban. Can it win?

Thursday, May 9 by ABC News

(NEW YORK) -- ByteDance, the parent company of TikTok, struck the latest blow in a high-stakes clash between the social media company and the U.S. government, filing a lawsuit this week challenging a forced sale of TikTok as unconstitutional.The case could nullify the measure... Read More.

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