Author: eypsn
The Federal Reserve stressed on Wednesday that inflation has remained stubbornly high in recent months and said it does not plan to cut interest rates until it is “more confident” that price increases will continue to slow to its 2% target. The Federal Reserve issued a statement after its latest meeting, keeping its key interest rate at a two-decade high of 5.3%. Several recent warmer-than-expected reports on prices and economic growth have undermined the Fed’s belief that inflation is steadily slowing. The combination of high interest rates and persistent inflation also poses a potential threat to President Joe Biden’s re-election…
WASHINGTON (Reuters) – The U.S. International Trade Commission is investigating claims by GoPro that a Chinese company that imports similar products into the United States infringes on patents for its cameras, systems and accessories.The U.S. International Trade Commission said in an announcement on Wednesday that the investigation under Section 337 of the Trade Act of 1930 applies to Shenzhen-based Arashi Vision, which makes the Insta360 series of camera products.GoPro, whose brand name is largely synonymous with the wearable action camera market, has asked a trade panel to issue an exclusion and cease-and-desist order banning the import of Insta360 products.GoPro’s complaint…
miodrag ignjatovic/E+ via Getty Images Omega Healthcare (NYSE: OHI) operating issues may have been factored into the REIT’s first-quarter consensus forecast, but dividend safety has become an issue. OHI is scheduled to report first-quarter earnings results after the market close on Thursday, May 2. Consensus FFO estimate of $0.65 (-1.95% Y/Y) Consensus revenue estimate is $199.91 million (up 8.00% year over year). The real estate investment trust that owns skilled nursing and assisted living facilities reported fourth-quarter 2023 earnings and revenue that were down from the prior quarter but still better than expected as the operators remain in the restructuring…
A group of British lawmakers from across the political spectrum have backed a new report calling for market regulation of artificial intelligence to protect human music creators.The report calls for the UK to pass new laws to protect artists’ personalities from being copied without permission by AI; to mandate transparent labeling of AI-generated content; and to require AI developers to obtain permission from copyright holders to use their material. training etc.The report was published by the All-Party Parliamentary Group on Music, an informal group including members of the House of Commons and the House of Lords, and funded by the…