Why AI Stock Broadcom Was Rising on Monday

Why AI Stock Broadcom Was Rising on Monday

The AI chip maker received high marks from pundits tracking its fortunes. Broadcom (AVGO 3.10%), the specialty chip company that’s at the forefront of the artificial intelligence (AI) revolution, was outpacing many other companies on the stock market Monday. Its shares were trading nearly 3% higher in late-session activity thanks in no small part to…

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Americans could soon face higher inflation as businesses pass along tariff costs, Fed official says

Americans could soon face higher inflation as businesses pass along tariff costs, Fed official says

Americans could see inflation tick higher in 2025 as businesses start to pass on the cost of the Trump administration’s tariffs to consumers through price hikes, Beth Hammack, president and CEO of the Federal Reserve Bank of Cleveland, told CBS News’ Kelly O’Grady in an interview. So far this year, inflation has remained relatively muted…

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Hong Kong’s MTR adopts AI-powered systems for deploying trains, crowd control

Hong Kong’s MTR adopts AI-powered systems for deploying trains, crowd control

Hong Kong’s rail giant has implemented two AI-powered systems to help formulate train deployment and crowd control plans for major events at Kai Tak Sports Park, with plans to consider expanding their applications. The MTR Corporation said on Friday that the two artificial intelligence (AI) tools – a ridership prediction model and intelligent crowd diversion…

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