>>CPI Report Shows Rise In Inflation
(Washington, DC) -- Inflation is jumping. New data reveals the Consumer Price Index increased three-point-seven-percent, up from three-point-two-percent in July. The CPI is the best measure of inflation, measuring consumer prices of anything from groceries to gas.
>>Tech Giants To Attend Closed-Door Meeting With Senators (Washington, DC) -- Tech industry leaders will be on Capitol Hill today to discuss artificial intelligence. Senators will hear from Elon Musk, Mark Zuckerberg, Bill Gates and others during a closed-door meeting. This comes as Senate Majority Leader Chuck Schumer has prioritized bringing lawmakers up to speed on the rapidly advancing AI technology.
>>DOJ Accuses Google Of Monopolizing Search Business
(Washington, DC) -- Federal prosecutors are accusing Google of stifling competition and operating an illegal monopoly with its popular search engine. Opening remarks were made before a federal judge in Washington on Tuesday in an antitrust trial against Google. Lawyers for the Justice Department argued that Google's exclusive contracts with phone makers and wireless carriers helped stifle competition in violation of U.S. antitrust law. The multi-week trial is expected to feature witness testimony from Google CEO Sundar Pichai and executives from Apple, Microsoft and Samsung.
>>Ford CEO Gives Update On UAW Talks
(Detroit, MI) -- Ford Motor Company CEO Jim Farley says the company has submitted a new contract offer to the United Auto Workers union. He says the offer includes pay raises and eliminates the two-tiered wage system; the CEO calls it their most generous offer in the 80 years of the UAW. The union has not reached any tentative deals yet with Ford, General Motors, or Stellantis. The current contract expires at 11:59 p.m. tomorrow and the UAW says they are ready to strike all three.
>>Apple Introduces New Products
(Cupertino, CA) -- Apple is introducing several new products. The company unveiled the new iPhone 15 and the iPhone 15 Pro during a launch event on Tuesday. They're the first iPhones that use universally accepted USB-C charging cables. The new iPhones also come with tougher glass shields, new satellite services, more advanced cameras, and much more. Apple also introduced their first-ever carbon neutral product, the series nine Apple Watch. Along with reducing environmental impact, the new Apple Watch was redesigned to be faster and have better performance and capabilities.
>>Interview Suggests Mexico Was A Hard Sell For Tesla
(Austin, TX) -- Tesla will be building their next-generation electric vehicles in Texas rather than Mexico. That's according to an excerpt from newly released biography of Elon Musk. Convincing Tesla engineers to move south of the border proved to be a hard sell, so the cars will be built at the factory near Austin. The fleet will include a model that's priced at 25-thousand dollars and a robo-taxi.
>>Online Shopping Prices See Largest Annual Drop In 3 Years
(New York, NY) -- Online shopping prices are down, marking another sign that inflation is cooling off. Adobe Analytics reports e-commerce prices fell three-point-two-percent year over year in August. That's the largest annual dip in a little over three years. The categories seeing the biggest drop in prices include sporting goods, appliances, and electronics. The Adobe report comes one day before the Consumer Price Index is released.
>>Disney Settles Magic Key Lawsuit
(Anaheim, CA) -- Disney has agreed to settle a multi-million dollar class-action lawsuit regarding the Disneyland Magic Key pass. The preliminary agreement was reached last week. Jenale Nielsen filed the lawsuit two years ago on behalf of all former Dream Key holders. Her lawsuit alleged Disney's membership offer was misleading and the company practiced false advertising. Nielsen bought the highest-tier Dream Key for just under 14-hundred dollars because the theme park claimed there would be no blackout dates. But when she tried to make a park reservation, she was told her preferred dates had already been blacked out. More than 100-thousand Dream Key pass holders will split the settlement which will amount to about 67 dollars per person.
