 |
|
|
|||||
The Labor Department said Wednesday that it will not be releasing a full jobs report for October because the 43-day federal government shutdown meant it couldn’t calculate the unemployment rate and some other key numbers. Instead, it will release some of the October jobs data most importantly the number of jobs that employers created last month along with the full November jobs report, now due a couple of weeks late on Dec. 16. The department’s “employment situation” report usually comes out the first Friday of the month. But the government shutdown disrupted data collection and delayed the release of the reports. For example, the September jobs report, now coming out Thursday, was originally due Oct. 3. The monthly jobs report consists of two parts: a survey of households that is used to determine the unemployment rate, among other things; and the “establishment” survey of companies, nonprofits and government agencies that is used to track job creation, wages and other measurements of labor market health. The Labor Department said Wednesday that the household survey for October could not be conducted because of the shutdown and could not be done retroactively. But it was able to collect the hiring numbers from employers, and those will come out with the full November report. Wednesday’s announcement means the September jobs numbers will likely get extra scrutiny Thursday. They are the last full measurement of hiring and unemployment that Federal Reserve policymakers will see before they meet Dec. 9-10 and decide whether to cut their benchmark interest rate for the third time this year. The jobs numbers have lately been contentious. After the July jobs report proved disappointing, President Donald Trump abruptly fired the official responsible for collecting the data, Bureau of Labor Statistics commissioner Erika McEntarfer. McEntarfer herself was quick to say there was nothing suspicious about Wednesday’s announcement. No conspiracy here, folks, she posted on the social media site Bluesky. “BLS was entirely shutdown for six weeks. Payroll data from firms can be retroactively collected for October. The household survey cannot be conducted retrospectively. This is just a straightforward consequence of having all field staff furloughed for over a month.” ____ This story has been corrected to show that the September jobs report is coming out Thursday, not Friday. Paul Wiseman, AP economics writer AP Economics Writer Christopher Rugaber contributed to this report.
Category:
E-Commerce
Agentic artificial intelligence is coming, whether youre ready for it or not. A PwC survey published earlier this year found that 88% of U.S. companies are beefing up their agentic AI budgets, and a broad majority have adopted AI agents in some capacity. When it comes to using AI agents for shopping or in the commerce space, more than half of consumers say they already are, or will be doing so by the end of the year. But many people still arent quite sure how or when to use AI agents. They may not know where to find them, how to prompt them and, in some cases, if the agent they are interacting with is legit or potentially a disguised bad actor. Fetch, an AI firm founded in 2017 in the U.K., is trying to make the transition to using AI agents for everyday tasks a bit easier and smooth out some of those issues. On Wednesday, the company launched three new products: ASI:One, a new large language model (LLM) interface for interacting with agents; Fetch Business, a portal allowing brands and companies to claim and verify brand agents (similar to a social media-inspired verification system); and Agentverse, a directory and depository of more than 2 million AI agents. Perhaps the most interesting new product, from a laymans perspective, is ASI:One. It’s an interface in which users can interact with AI agents and prompt them to perform certain taskssuch as book a vacation with all flights and hotels, or buy me new shoes, which would prompt specific brand agents for airlines, hotels, and even shoe brands to assist the user. Humayun Sheikh, Fetchs founder and CEO, thinks that the interface will help people learn to utilize AI agents and navigate the agentic AI space in a way similar to how Google helped people learn to navigate the broader internet decades ago. “Google created discoverability and trust for websites. We’re creating the same foundation for agents, Sheik said in a statement provided to Fast Company. There are already more than 1,000 verified brand agents on the platform, including companies such as Costco, Alaska Airlines, Pepsi, and Adidas. That means that users can interact directly with those agentsin a way that they may interact with a human employeeto get information related to prices, product information, and more. The hope, as Sheikh puts it, is that Fetchs platform will help connect consumers directly with brands through agents, and help create a new ecosystem in which AI agents have more utility to the general public in a more personal and pragmatic way. Further, Fetch hopes the personal element of its platform will help get consumers more specific informationdiffering from broader LLM models, such as ChatGPT. Instead of just finding information, your personal AI coordinates with verified brand agents to get things done, Sheikh said. This isn’t searching for options separately and hoping they work together; its orchestration. Your personal AI understands how you make decisions, then works with brand agents that have real inventory, pricing, and booking capabilities. AI agents are quickly moving from an abstract concept to an everyday utility. Fetch is betting that clarity, trust, and verification will be the missing ingredients that help some consumers who have been holding back on adopting the technology to embrace it. If the company succeeds, the way we shop, book, plan, and interact with brands could feel less like surfing the web and more like delegating to a capable assistantone that actually follows through.
Category:
E-Commerce
President Trump nominated Stuart Levenbach as the next director of the Consumer Financial Protection Bureau, choosing a person who has no banking or financial services experience to run a bureau that has been effectively inoperable since Trump was sworn into office. Levenbach is currently an associate director inside the Office of Management and Budget, handling issues related to natural resources, energy, science and water issues. Levenbach’s resume shows significant experience dealing with science and natural resources issues, acting as chief of staff of the National Oceanic and Atmospheric Administration during Trump’s first term. The CFPB has been nonfunctional much of the year. Many of its employees have been ordered not to work, and the only major work the bureau is doing is unwinding the regulations and rules it put into place during President Trump’s first term and during the Biden administration. The bureau’s current acting director is Russell Vought, President Trump’s budget director and Levenbach’s boss. Under the Vacancies Act, Vought can only act as acting director for 210 days, but now that President Trump has nominated someone to the position, that clock has now been suspended until the Senate approves or denies Levenbach’s confirmation as director. The bureau was created after the 2008 financial crisis as part of the Dodd-Frank Act, a law passed to overhaul the financial system and require banks to hold more capital to avoid another financial crisis. The CFPB was created to be a independent advocate for consumers to help them avoid bad actors in the financial system. Ken Sweet, AP business writer
Category:
E-Commerce
Country music fans have something extra to be thankful for each November beyond turkey. Traditionally, the Country Music Association Awardsaka the CMA Awardstake place during the second-to-last month of the year. Wednesday, November 19, is the big day in 2025 for the 59th annual event. Lets get you up to speed on everything you need to know about country musics biggest night so you can confidently two-step your way through the evening. Whats the venue for the 2025 CMA Awards? The 59th CMA Awards will be held at the Bridgestone Arena in Nashville. Whos hosting the 2025 CMA Awards? Lainey Wilson is back to emcee the awards. Last year, she shared the duties with Luke Bryan and Peyton Manning, but this year she is flying solo. Beyond presiding over the event, she is also nominated for multiple awards, including Entertainer of the Year. Whos nominated for a 2025 CMA Award? Joining Wilson in the Entertainer of the Year category are fellow nominees Luke Combs, Cody Johnson, Chris Stapleton, and Morgan Wallen. Although Wilson is the only female in the top category, three women tied for the most nominations in 2025 with six each. Wilson, Megan Moroney, and Ella Langley all share that honor. Langley, Shaboozey, Zach Top, Tucker Wetmore, and Stephen Wilson Jr. are all nominated for New Artist of the Year. You can find a complete list of nominees on the association’s website. Whos performing at the 2025 CMA Awards? Since Lainey Wilson is already in the neighborhood and hosting, shes also going to grace the audience with her vocal talents. Shes not the only one. Kelsea Ballerini will perform her new song I Sit in Parks live for the first time. Meanwhile, Stapleton is scheduled to perform twice. He will sing his cinematic song Bad As I Used to Be from the soundtrack of F1: The Movie and A Song to Sing, a duet with Miranda Lambert. Newly inducted Country Music Hall of Fame member Kenny Chesney will hoot and holler to celebrate the momentous occasion. Old Dominion is performing a medley of their greatest hits. Riley Green, the Red Clay Strays, Brandi Carlile, Patty Loveless, BigXthaPlug, Combs, Langley, Moroney, Shaboozey, Top, Wetmore, and Wilson Jr. are also scheduled to sing their hearts out. Whos being honored at the 2025 CMA Awards? The 2025 Willie Nelson Lifetime Achievement Award will be presented to the “I Still Believe in You” singer and songwriter Vince Gill. Gill first broke out as the lead singer of the Pure Prairie League. He cemented his legacy in the 1990s as a solo act, and later joined the Eagles in 2017 after the death of Glenn Frey. How can I watch or stream the CMA Awards live? To see Gill and host Wilsons big night on a linear television, tune into ABC at 8 p.m. ET. Traditional cable subscribers can watch it that way, and those with good reception and an over-the-air antenna can see it for free. The telecast will also be concurrently streamed for those with a subscription to Hulu+ Live TV. If that service is not in your streaming arsenal, consider FuboTV or Sling TVjust double-check that the streamer carries ABC in your region before committing to another monthly fee. Also, now that the ABC parent company has settled its carriage dispute with Google, you can watch the CMAs on YouTube TV. Additionally, if you find yourself busy on Wednesday night, never fear. The show will be available to watch the following day on Hulu.
Category:
E-Commerce
Millions of Americans who buy health insurance through the Affordable Care Act (ACA), also known as “Obamacare,” stand to lose their premium subsidies, with less than three weeks to go until they expire at the end of 2025. And the result of that would be skyrocketing health care costs for 22 million marketplace users. If Congress does not extend the enhanced premium tax credits, it will also trigger a so-called “subsidy cliff,” or strict income maximum that abruptly cuts off subsidies to households with incomes that are over 400% of the federal poverty level. That would raise the costs of those healthcare plans by an estimated 75%, according to KFF, a nonpartisan health policy research group. Currently, 92% of Americans enrolled the ACA marketplace plan receive some type of enhanced subsidies. That’s 22 out of 24 million people. However, not all would be affected by the subsidy cliff. Letting the credits expire could send insurance skyrocketing to such high levels that many Americans wouldn’t be able to afford their current plans, or worse, keep their healthcare at all. One estimate found average family premiums could triple from $1,200 to $3,553 a month if the credits expire. Congress is set to vote on extending the subsidies in mid-December, but it’s unclear if the House will pass it as is, or tack on conditions. The run-up to that deadline has created a crisis as Republicans, backed by President Donald Trump, have seemed to play Russian roulette with 22 million American taxpayers’ healthcare. (The credits were not extended in Trump’s so-called Big Beautiful Bill.) The dispute over the credits was at the heart of the recent federal government shutdown, with the upcoming vote being a condition for Senate Democrats to end the standoff. The president has said he doesn’t want to extend the credits, and would instead give that money directly to the people so they can purchase their own, much better, health care.” However, according to independent fact-checking publication PolitiFact, without a formal proposal, there’s no way to determine if “Trump’s social media musings” would actually work. Some Republicans are pushing for Americans to rely more on health savings accounts, or HSAs, but these can’t typically be used to pay for the actual health insurance plans themselves. Other Republicans are floating the idea of temporarily extending the credits through the 2026 midterm elections, when many are up for reelection. If Republicans and Democrats in Congress don’t strike a deal, many Americans can expect to pay a lot more for their current plans on the exchange, or end up paying the same for less coverage.
Category:
E-Commerce
Sites : [1] [2] [3] [4] [5] [6] [7] [8] [9] [10] [11] [12] [13] [14] [15] [16] [17] [18] [19] next »