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Doctors could soon be getting an extra hand in the office in the form of AI assistants. One telehealth startup is using an AI chatbot to analyze symptoms ahead of a doctor's visit. But doctors could soon be getting an extra hand in the office in the form of AI assistants. Some AI companies are creating tools that could ease physician burnoutAI is already helping to balance doctors' busy schedules in several ways. The company has not disclosed how it obtained the initial data on which its AI was trained but claims it's HIPAA-compliant.
Persons: , Ran Shaul, it's, K Health's chatbot, Shaul, Stephanie Foley's, Foley, K, Craig Spencer, Spencer, AI's, McDonald's Organizations: Healthcare, Morning, Mayo Clinic, American Medical Association, Stanford University School of Medicine, University of Colorado School of Medicine, American Medical Informatics Association, Family, American Medical Association Internal Medicine, Health, Maccabi, K Health, Brown University Locations: Teladoc, ChatGPT
Nvidia launches new AI chip configuration
  + stars: | 2023-08-08 | by ( Max A. Cherney | ) www.reuters.com   time to read: +2 min
REUTERS/Robert Galbraith/File PhotoAug 8 (Reuters) - Nvidia (NVDA.O) announced a new configuration on Tuesday for its advanced artificial intelligence chips that is designed to speed generative AI applications. The configuration is optimized to perform AI inference functions that effectively power generative AI applications such as ChatGPT. Nvidia's Grace Hopper Superchip design stitches together one of the company's H100 graphics processing units (GPU) with an Nvidia-designed central processor. The underlying AI models that power the generative AI apps that are capable of producing human-like text and images continue to grow in size. Nvidia plans to sell two flavors: a version that includes two chips that customers can integrate into systems, and a complete server system that combines two Grace Hopper designs.
Persons: Robert Galbraith, Grace Hopper Superchip, Ian Buck, Nvidia's Grace Hopper, Buck, Grace Hopper, Max A, Marguerita Choy Organizations: Nvidia, REUTERS, Thomson Locations: Santa Clara , California, San Francisco
Currently, Nvidia dominates the market for AI chips with over 80% market share, according to some estimates. But Nvidia's chips are in short supply as tech giants, cloud providers and startups vie for GPU capacity to develop their own AI models. Nvidia's new chip, the GH200, has the same GPU as the company's current highest-end AI chip, the H100. Oftentimes, the process of working with AI models is split into at least two parts: training and inference. Companies including Google and Amazon are also designing their own custom AI chips for inference.
Persons: Jensen Huang, Walid Berrazeg, Bard, OpenAI's, Huang, Ian Buck, Buck Organizations: Getty, Nvidia, AMD, Google, ARM Locations: Taiwan
Back then, the Republican Party was the party of foreign policy interventionism, free trade and cutting entitlements, and Trump was the insurgent outsider unafraid to buck the consensus. The primary, then, raises some important questions: How has Donald Trump changed the Republican Party over the past eight years? Is Trumpism an actual set of policy views or just a political aesthetic? And if Trump does become the nominee again, where does the party go from here? From these different perches, he has closely traced the various ways the Republican Party has and, crucially, has not changed over the past decade.
Persons: Donald Trump, Trump, , Ezra Klein, Ben Domenech, George W, He’s Organizations: Republican, Republican Party, Apple, Spotify, Amazon Music, Google, Fox News, The Spectator
Mets meet Cubs, look to put together win streak
  + stars: | 2023-08-08 | by ( Field Level Media | ) www.reuters.com   time to read: +3 min
August 8 - A season that began with World Series aspirations turned into a nightmare long ago for the New York Mets. Alonso, Lindor and the Mets will look to earn a rare series win Tuesday night when New York hosts the Chicago Cubs in the middle game of a three-game set. The Mets snapped a six-game losing streak Monday night when Alonso matched career highs with two homers and six RBIs in an 11-2 victory. "It's a hard game," Cubs manager David Ross told MLB.com. Taillon earned the win on Thursday, when he allowed two runs over five innings in the Cubs' 5-3 victory over the Reds.
Persons: Pete Alonso, Francisco Lindor, Alonso, Lindor, Carlos Carrasco, Jameson Taillon, Brandon ) Nimmo, Buck Showalter, David Ross, Carrasco, Taillon Organizations: New York Mets, Mets, New York, Chicago Cubs, Kansas City Royals, Baltimore Orioles, New York Yankees, Washington Nationals, National League, Cubs, Chicago, Cincinnati Reds, Miami Marlins, The Cubs, Royals, Reds, Thomson Locations: New York
Discovery and Mattel will top $1 billion in global ticket sales, before the end of the weekend, according to estimates from the studio. Gerwig joins Anna Boden, co-director of Disney's "Captain Marvel," as the only two women to helm a live-action billion-dollar film. Universal's "The Super Mario Bros. Movie" has topped $1.3 billion since its April debut. Each film tallied less than $200 million in domestic box office receipts. "The box office powerhouse isn't done yet as the coming weeks offer little in the way of direct competition, giving 'Barbie' plenty of runway to continue building on this success," Robbins said.
Persons: Barbie, Shawn Robbins, Greta Gerwig, Gerwig, Anna Boden, Marvel, Jennifer Lee, Chris Buck, Mario, Paul Dergarabedian, Indiana Jones, Robbins Organizations: Warner Bros . Discovery, Mattel, Disney, Warner Bros, Mario Bros, Comscore, Furious, Comcast, CNBC Locations: Comscore, NBCUniversal
Per Axios, the Biden administration will take a hardline approach to remote work for federal workers. The White House chief of staff said federal workers should return to offices by September or October. The policy shift follows a pledge that Biden made during his March 2022 State of the Union speech. According to a new report by Axios, citing an email sent from Biden's chief of staff Jeff Zients to cabinet members, Zients said that federal workers would aim to return to in-person work between September and October. As it stands, Biden's administration is seeking to buck a trend upheld by the administrations of Barack Obama, Donald Trump, and his own, where federal offices have downsized over time and digitized more records.
Persons: Biden, Joe Biden's, Axios, Jeff Zients, Zients, , Michael Bloomberg, Barack Obama, Donald Trump Organizations: White House, Service, New, New York City Locations: Wall, Silicon, Washington, New York
Money market funds — which are different than money market deposit accounts — are a type of mutual fund that typically invests in shorter-term, lower-credit-risk debt, such as Treasury bills. Currently, some money market mutual funds are outperforming assets such as high-yield savings accounts or newly purchased Series I bonds. Money market funds have less liquidity than savingsChristopher Lyman, a certified financial planner with Allied Financial Advisors in Newtown, Pennsylvania, said he's still proposing money market mutual funds for certain clients, with the caveat of higher risks or more stipulations for accessing the money. What's more, the U.S. Securities and Exchange Commission recently adopted "liquidity fees" for certain money market funds for withdrawals when daily outflows exceed 5% of the fund's value. Money market funds aren't risk freeWhile money market funds typically invest in lower-risk assets, experts say it's important to know the funds aren't risk free.
Persons: dowell, Christopher Lyman, he's, Lyman, Randy Bruns, Bruns Organizations: Federal Reserve, Data, Investment Company Institute, Financial Advisors, U.S . Securities, Exchange Commission, Fund, Federal Deposit Insurance Corporation Locations: Newtown , Pennsylvania, it's, Naperville , Illinois
"Barbie" is less than $100 million away from topping $1 billion at the global box office. "Joining the billion-dollar box office club is a watershed moment for 'Barbie' and Greta Gerwig as the latter will become the first solo female director to achieve that feat," said Shawn Robbins, chief analyst at BoxOffice.com. Anna Boden, co-director of Disney's "Captain Marvel," was the first female director to be attached to a billion-dollar live-action film. When "Barbie" tops this mark, it will become the first billion-dollar film to do so for the newly minted Warner Bros. Box office analysts don't expect "Barbie" ticket sales to stall after this weekend, either.
Persons: Barbie, Greta Gerwig, Shawn Robbins, Anna Boden, Marvel, Jennifer Lee, Chris Buck, Robbins, It's, Paul Dergarabedian Organizations: Warner Bros . Discovery, Mattel, BoxOffice.com, Disney, Warner Bros, Comscore, Screen, – American Federation of Television, Radio Artists Locations: Comscore, Hollywood
[1/2] The Subway restaurant logo is seen on a napkin in this illustration photo August 30, 2017. Subway expects to fetch well over $9 billion in a deal, and it remains uncertain whether TDR and Sycamore can meet its price expectations, the sources said. Private equity firm Advent International, which had teamed up with Goldman Sachs Asset Management on a bid for Subway, has dropped out of the process, the sources said. Goldman Sachs (GS.N) may decide to team up with one of the other bidders, the sources added. Subway, Roark and TDR did not immediately respond to requests for comment.
Persons: Thomas White, Goldman Sachs, Roark, Jimmy John's, Jimmy John’s, TDR, Fred DeLuca, Peter Buck, Anirban Sen, Abigail Summerville, Nick Zieminski Organizations: REUTERS, TDR Capital, Sycamore Partners, Roark Capital, International, Goldman Sachs, Management, Subway, Bloomberg News, JPMorgan Chase &, Reuters, Thomson Locations: Sycamore, Champaign , Illinois, Milford , Connecticut, Bridgeport , Connecticut, The Milford , Connecticut, U.S, New York
MLB roundup: Marlins rally repeatedly, beat Phils in 12
  + stars: | 2023-08-03 | by ( ) www.reuters.com   time to read: +10 min
Webb (9-9) went seven innings and allowed only a pair of first-inning runs. Matt Wallner hit a three-run homer for the Twins, who lost for the sixth time in seven games. Yankees starter Gerrit Cole (10-2) settled down after a shaky beginning and allowed two runs on four hits in seven innings. Dylan Cease (4-5) was knocked out after 1 2/3 innings, having matched a season worst by allowing seven runs. Ragans (3-3), who was recalled from Triple-A Omaha prior to the game, gave up seven hits and one walk while striking out a career-high eight.
Persons: Josh Bell, Rich Storry, Jesus Sanchez, Sanchez's, Alec Bohm, Brandon Marsh slugged, Miami's Jorge Soler, Dansby Swanson, Jeimer Candelario, Christopher Morel, Ian Happ, Seiya Suzuki, Drew Smyly, Michael Fulmer, Buck Farmer, Ronald Acuna Jr, Austin Riley, Matt Olson, Acuna, Lucas Giolito, Riley, Olson, Davis, San Francisco, Logan Webb, Webb, Camilo Doval, Tyler Gilbert, Rosario, Miguel Rojas, Mookie Betts, Jason Heyward, Freddie Freeman, Los Angeles, Tony Gonsolin, Shea Langeliers, Devin Williams, Alex, Andruw Monasterio, Christian Yelich, Chas McCormick, McCormick, Yainer Diaz, Phil Maton, Oscar Gonzalez, Nick Sandlin, Alec Burleson, Lars Nootbaar, Louis, Tyler O'Neill, Jordan Walker, Dakota Hudson, Jack Flaherty, Matt Wallner, Joe Ryan, Ryan, Julio Rodriguez's, Cal Raleigh, Matt Brash, Andres Munoz, John Schreiber, Gary Sanchez, Juan Soto, Seong Kim, Fernando Tatis Jr, Xander Bogaerts, Joe Musgrove, Nick Martinez, Ray Kerr, Zack Short, Riley Greene, Jake Rogers, Javier Baez, Eduardo Rodriguez, Rodriguez, Yusei Kikuchi, Grayson Rodriguez, Giancarlo Stanton, Anthony Volpe, Shane McClanahan, Gerrit Cole, McClanahan, Corey Seager, Josh Jung, Marcus Semien, Dane Dunning, Dylan, Seby Zavala, Cole Ragans, Michael Massey, Aroldis Chapman Organizations: Miami Marlins, gatorade, Philadelphia Phillies, Marlins, Phillies, Cubs, Reds, Chicago, Braves, Angels, League, Atlanta, Giants, Diamondbacks, Arizona, The Giants, Dodgers, Oakland, Nationals, Brewers, Washington, Milwaukee, Astros, Houston, Cardinals, Twins, Minnesota, Mariners, Red Sox, Seattle, Boston, The Mariners, Cal, American League, Padres, Rockies, Diego, Colorado, Triple, El, Tigers, Pirates, Detroit, Pittsburgh, Los Angeles Dodgers, Blue Jays, Orioles, Toronto, Baltimore, Yankees, Rays, York, Tampa, Rangers, White Sox, Texas, Royals, Mets, Kansas City, Thomson Locations: Miami , Florida, USA, loanDepot, Cincinnati, Los Angeles, Angeles, Los, Cleveland, Boston, Denver, El Paso, Texas, Arlington , Texas, York, Omaha
Divers captured rare footage of a gruesome killer whale hunting technique. An orca off the coast of California was seen "slurping" the liver of a live shark. The gruesome footage shows an orca tearing into the stomach of a 30-foot-long whale shark before removing its liver. "Looks like they slurped in the liver and then the whale shark just fell and descended down, with no movement — I'm assuming it was dead," he said. Shortly after the encounter, another orca killed another whale shark nearby.
Persons: James Moskito, It's, Moskito, Roets, Michael Weiss Organizations: Service, Marine Dynamics, Center, , Research Locations: California, Wall, Silicon, Cortez, Farallon, South
Whatever your muse, you should not go a step further in your purchase journey without considering this rare gaming laptop deal on the ASUS ROG Flow X16. It came to market at around $2,000 and has hovered between $1,400 and $1,600 in recent months, but Best Buy has it down to $1,100 right now. A gaming laptop deal too good to pass upDeal icon An icon in the shape of a lightning bolt. Great Price ASUS ROG Flow X16 The ASUS ROG Flow X16 is a 2-in-1 gaming laptop that can double as a tablet. Grab yours at Best Buy with the link ahead.
Persons: It's Organizations: ASUS, NVIDIA
MLB roundup: Bullpen guides Reds past Cubs
  + stars: | 2023-08-01 | by ( ) www.reuters.com   time to read: +7 min
Yan Gomes had three hits with an RBI for the Cubs, who have lost two straight after winning eight in a row. Marcus Stroman (10-8) allowed six runs on six hits in three innings. Orioles 4, Blue Jays 2Gunnar Henderson hit a solo homer, Kyle Gibson pitched six strong innings and visiting Baltimore defeated Toronto. Walker (12-4) allowed two runs on six hits and has won eight of his past nine decisions. France (7-3) allowed two runs on seven hits in seven innings for his ninth quality start in his past 10 outings.
Persons: Elly De La Cruz, Matt McLain, Joey Votto, Patrick Gorski, Christian, Will Benson, Luke Maile, Buck Farmer, Fernando Cruz, Alex Young, Lucas Sims, Ian Gibaut, Alexis Diaz, Christopher Morel's, Yan Gomes, Marcus Stroman, Gunnar Henderson, Kyle Gibson, Ryan Mountcastle, Gibson, Chris Bassitt, Bo Bichette, Tyler Glasnow, Brandon Lowe, Jhony Brito, Wander Franco, Isaac Paredes, Josh Lowe, Jake Bauers, Taijuan Walker, Walker, Johan Rojas, Bryson Stott lofted, Jorge Soler, Tanner Scott, Joey Meneses, Lane Thomas, Jordan Weems, Kyle Finnegan, Joey Wiemer, Christian Yelich, Elvis Peguero, Luis Rengifo, Randal Grichuk, Chad Wallach, Shohei Ohtani, Chase Silseth, Griffin Canning, Matt Olson bashed, Yordan Alvarez, Noah Syndergaard, Bo Naylor, Julio Rodriguez, Rafael Devers, Nick Pivetta, Pivetta, Ketel Marte, Geraldo Perdomo, Kevin Ginkel, Taylor Rogers, Emmanuel Rivera, Brandon Crawford, Ryan McMahon, Elehuris Montero, Brad Hand, San Diego's Trent Grisham, Juan Soto, Matthew Batten, Jake Cronenworth Organizations: Cincinnati Reds, Chicago Cubs, Wrigley, Cincinnati, Reds, National League Central, Chicago, Cubs, Orioles, Blue Jays, Baltimore, Toronto, Yankees, Tampa Bay, Rays, New York, Phillies, Marlins, Philadelphia, Miami, Nationals, Brewers, Washington, Milwaukee, Braves, Atlanta, Angels, National League, Astros, Houston, The Astros, Texas Rangers, American League West, Cleveland, Mariners, Red Sox, Cal Raleigh, Seattle, Boston, Raleigh, Diamondbacks, Giants, Arizona, San, National League West, Padres, Colorado, San Diego, The Rockies, Thomson Locations: Chicago , Illinois, USA, Christian Encarnacion, Canada, York, New York, New, Los Angeles, France, Cleveland, Boston, San Francisco, San, Denver
LONDON, July 28 (Reuters) - A reappraisal of the dollar could be the next big "pain trade". Dollar jumps as US 2-year yield premium builds vs G7Net short dollar contracts from CFTCBofA chart on fund managers dollar viewSMILEFor the dollar at least, it starts to look less of a one-way rate bet. For those who favour intra-G7 interest rate differentials for guidance, the picture is not much better for dollar bears. But if "soft landings", disinflation and buoyant markets continue to rule the roost, it may be hard work for the outsize "anti-dollar" bet. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Persons: There's, BoE, What's, it's, Mike Dolan, Alison Williams Organizations: Federal Reserve, Dow Jones, Treasury, Bank of England, gilts, ECB, Reuters Graphics Reuters, Reuters, Twitter, Thomson Locations: U.S, Japan
Earnings season will reveal which companies will suffer a top line decline, Morgan Stanley says. At first glance, lower inflation seems like a boon for market watchers worried about a recession. While investors curse higher inflation, companies have come to see it as a blessing. He anticipates that disinflation will dig away at sales this earnings season, and is prepared for disappointment. The results are the 11 stocks below that Wilson believes will have strong FCF yields and healthy operating margins through the earnings season.
Persons: Morgan Stanley, Kamakshya Trivedi, Goldman Sachs, They've, Mike Wilson, Wilson, Wilson isn't Organizations: FX, Federal Reserve
Its losing streak could carry on with the Fed taking a "data-dependent approach" to interest rates. Chair Jerome Powell said the central bank would start taking a "data-dependent approach" to rate hikes, with inflation cooling rapidly and the jobs market holding firm. When interest rates stop rising, the dollar becomes less attractive to foreign investors seeking higher yields, meaning the currency is likely to weaken against its rivals. The key number for currency traders to watch going forward will now be the monthly inflationary print, analysts said. If that cooling carries on, the dollar will likely keep sliding – but any flare-up could encourage the Fed to bring in further rate hikes, which could offer some support to the currency.
Persons: that's, Jerome Powell, John Hardy Organizations: Fed, Service, greenback, Federal Locations: Wall, Silicon
House Speaker Kevin McCarthy said last year that he wanted to tackle the issue of stock trading in Congress. In a letter exclusively shared with Insider, several lawmakers are pressing for answers from him. But since becoming House Speaker, he's declined to raise the issue, other than comments he made on Donald Trump Jr.'s podcast in January. And though some Freedom Caucus members are supportive of banning stock trading in Congress, they're likely to object to a hastily-scheduled vote on the matter. "Then it would be appropriate to go to Speaker McCarthy and say we've passed both tests."
Persons: Kevin McCarthy, McCarthy, Nancy Pelosi's, he's, Donald Trump Jr, , Pelosi, Angie Craig, Andy Kim of, Joe Neguse, Katie Porter, Raja Krishnamoorthi, Abigail Spanberger, Craig, they're, Ken Buck, we've, Buck Organizations: Service, Democratic, Republican, Caucus, House Administration Locations: Wall, Silicon, Minnesota, Andy Kim of New Jersey, Colorado, Katie Porter of California, Illinois, Virginia, Ken Buck of Colorado, House
Szafnauer to exit misfiring Alpine, Fry joins Williams
  + stars: | 2023-07-28 | by ( Alan Baldwin | ) www.reuters.com   time to read: +3 min
SummaryCompanies Famin to replace Szafnauer as interim Alpine principalTop engineers Permane and Fry also leavingShakeup follows departure of Alpine CEO RossiFry moving to WilliamsSPA-FRANCORCHAMPS, Belgium, July 28 (Reuters) - Otmar Szafnauer will leave Renault-owned Alpine after Sunday's Belgian Grand Prix with Bruno Famin appointed interim principal on another day of upheaval that exposed rifts within the misfiring Formula One team. Alpine Academy director Julian Rouse was named as Permane's interim replacement while Matt Harman leads the technical team at Enstone. Rossi warned in May he would make changes if performances did not improve, and said the buck stopped with Szafnauer. Williams said Fry, who has had senior roles at both McLaren and Ferrari, will start work on Nov. 1. "His knowledge and experience will further strengthen the team's technical capabilities and pursuit of excellence as we build the next chapter of Williams," said principal James Vowles.
Persons: Szafnauer, Permane, Fry, Shakeup, Rossi Fry, Bruno Famin, Alan Permane, Pat Fry, Williams, Julian Rouse, Matt Harman, Aston Martin, Famin, Oscar Piastri, Fernando Alonso, Laurent Rossi, Rossi, it's, James Vowles, Pat, Alan Baldwin, Andrew Cawthorne, Christian Radnedge, Pritha Organizations: Alpine, SPA, Renault, Belgian, Prix, Alpine Academy, Aston, McLaren, Formula, Ferrari, Thomson Locations: Belgium
Maxwell Social is New York City's latest social club with a spin: You have to cook your own food. It's a cool social club — where members are supposed to cook their own meals and provide their own liquor. From New York City Mayor Eric Adams visiting the private Zero Bond social club to TikToks poking fun of Soho House, people love — either going to or making fun of — these exclusive clubs. But Maxwell Social, the newest edition to the long list of New York City social clubs, is trying to buck this reputation with its own spin. Here, members can cook their own food and pour their own drinks.
Persons: Maxwell, Eric Adams, Organizations: Tribeca, Service, , New York City, Soho House, New Locations: New York, Wall, Silicon, York City, Soho, New York City
The Tesla Model 3 and Y are some of his top picks, even though tons of new rivals have hit the map. Despite intensifying competition from big-name brands, Elon Musk's carmaker still makes some of the best electric vehicles out there, according to one of the internet's biggest car reviewers. Doug DeMuro, whose YouTube channel has racked up 4.7 million subscribers, told Insider that Tesla's Model 3 and Model Y are some of his go-to recommendations for EV-curious car buyers. The Model 3 sedan offers up to 333 miles of range, per the EPA, while the Model Y SUV provides up to 330 miles. It's $40,240 for the Model Y.
Persons: Doug DeMuro chatted, Tesla, Elon Musk's carmaker, Doug DeMuro, DeMuro, They're, Kelley, Kia EV6 Organizations: Tesla, Morning, Elon, EV, Hyundai, Ford
Tampa, Florida, is becoming a popular place to move for younger millennials and Gen Zers. Below, why five 20-somethings moved to Tampa, in their own words, edited for length and clarity. Tampa has grown since I've moved here, and I think it's only going to get bigger. Noelle Lane, 23Nicole Lane Courtesy of Nicole LaneJob: Kindergarten teacherBefore Tampa: moved to Tampa at age 18 to attend collegeHome state: OhioI moved here in 2018 to go to the University of Tampa. I think Tampa is becoming a lot younger.
Persons: millennials, Zers, It's, somethings, Chris Brown, Chris Brown Job, Dylan, I've, I'd, , Noelle Lane, Nicole Lane, That's, Alexander Signori, it's, Joe Steilberg, Parker Klein, Let's, Laura Treche, There's Organizations: Service, Tampa, Chicago Home, Home, University of Tampa, Attended Florida State University, Tech, Riverwalk Locations: Tampa, Florida, Wall, Silicon, Tampa , Florida, Miami, TikTok, Austin, San Francisco, Tallahassee , Florida ; Massachusetts, Ohio, Massachusetts Tampa, I'm, Massachusetts, Chicago, California, LA, Los Angeles and New York, Sarasota, Bayshore, Tallahassee Hometown, South Florida, Charlotte , North Carolina, Northeast Boston, Denver, Seattle . Tampa, Texas, Jacksonville, Dallas, Hyde, Orlando, Tallahassee, Durham , North Carolina . North Carolina, St, Clearwater
The Labor Department on Thursday decried a national surge in child labor, saying that the agency’s inspectors had found thousands of violations and were investigating a slaughterhouse where a 16-year-old boy from Guatemala was killed this month. The update followed a hearing on Wednesday in which lawmakers from both parties accused the Health and Human Services secretary, Xavier Becerra, of failing to protect migrant children from exploitation. “There are some terrible things that are wrong,” Representative Anna G. Eshoo, a Democrat from California, told him. secretary, the buck stops with you.”Some 300,000 minors have come to this country alone since 2021, fueling a dramatic increase in migrant child labor. In an online report, the Labor Department announced an 87 percent increase in fines on employers in recent months.
Persons: Xavier Becerra, Anna G, Organizations: Labor Department, Human Services Locations: Guatemala, California
"Tipflation" could be blamed on tablets or the post-pandemic economy — but consumers seem to be giving in to the pressure and leaving more cash behind. Sure, most Americans report feeling negative about tipping, but service workers are earning exponentially more in gratuity than before the pandemic, according to payroll provider Gusto. From March 2020 to May 2023, hourly wages only rose 18%, compared with a 42% increase in tip earnings, the company found. Of the 300,000 small and medium-sized businesses included in the analysis, bar workers made more in tips than employees in other service industries. Kabir agreed, saying he tips upwards of 40% for particularly good bar service.
Persons: Saad Kabir, Haley Truchan, Kabir, Yonas Haile Organizations: New York City Public Schools, CNBC, Bar, Fidelity Investments Locations: Manhattan
While that's driven rallies in risk assets such as stocks, raw materials prices and some commodity currencies have been slower to respond. Reuters GraphicsThe bullish view on commodity currencies gained traction in recent days after leaders in China - the world’s leading commodity consumer - on Monday pledged to step up policy support for the economy. Prices for oil, copper and other raw materials rose on the news, while commodity currencies such as the Australian and New Zealand dollars edged up. Some other commodity currencies have seen similar declines, with the New Zealand dollar down 2% and the South African rand down 3%. Commodity currencies are far from the only way to play further dollar weakness.
Persons: there's, Francesco Pesole, Brent, Thanos Bardas, Neuberger Berman, Bardas, Bipan Rai, Jane Foley, Saqib Iqbal Ahmed, Ira Iosebashvili, Leslie Adler Organizations: YORK, Reserve, ING Bank, Australian, Reuters, New, U.S, New Zealand, Deutsche Bank, International Monetary Fund, Bank of Japan, U.S ., CIBC, Rabobank, Thomson Locations: Norway, Australia, U.S, Norwegian, China, North America, Sweden
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