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Powell indicates tariffs could pose a two-pronged policy challenge for the Fed newsthirst.

Federal Reserve Chair Jerome Powell expressed concern in a speech Wednesday that the central bank could find itself in a dilemma between controlling inflation and supporting economic growth. With uncertainty elevated over what impact President Donald Trump’s tariffs will have, the central bank leader said that while he expects higher inflation and lower growth, it’s…

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TikTok sued by parents of UK teens after alleged challenge deaths newsthirst.

Liv McMahon & Graham Fraser Technology reporters Hollie Dance Hollie Dance and her son Archie TikTok is being sued by the parents of four British teenagers who believe their children died after taking part in viral trends that circulated on the video-sharing platform in 2022. The lawsuit claims Isaac Kenevan, Archie Battersbee, Julian “Jools” Sweeney…

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Japan chip stocks fall as DeepSeek’s challenge to U.S. AI dominance raises worries for Asian tech firms newsthirst.

Employees move semiconductor testers on the assembly line of the Advantest Corp. plant in Ora, Japan on Aug. 10, 2012. Tomohiro Ohsumi | Bloomberg | Getty Images Japan’s chip-related stocks fell Monday as Chinese AI startup DeepSeek raises concerns about a potential challenge to America’s global leadership in artificial intelligence that threatens Asian tech companies…

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Judge rejects US mother’s extradition challenge newsthirst.

Thomas Mackintosh BBC News Reporting fromWestminster Magistrates’ Court Dabb, Kory R. Kimberlee Singler was detained in west London on 30 December 2023 A judge has rejected a US mother’s challenge to extradition over accusations she murdered two of her children in Colorado and “fled” to London. Kimberlee Singler’s nine-year-old daughter Elianna and seven-year-old son Aden…

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