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Utility firm: Capacity increase needed to meet demand of data center

ATLANTA (AP) — With data centers flooding into Georgia, utility regulators face a big decision: Should they let Georgia Power Co. spend more than $15 billion to increase its electricity capacity by 50% over the next six years to serve computer complexes? Or could the utility overbuild and stick other ratepayers with the bill? It would be one of the biggest build-outs in the U.S. to meet the insatiable electricity demand from developers of artificial intelligence. The largest subsidiary of Atlanta-based Southern Co., Georgia Power said in testimony filed last month that the build-out ...

With ‘Trump Accounts,’ your baby could qualify for $1,000; here’s what to know

WASHINGTON (AP) — When the children of wealthy households leave the nest, they often benefit from their parents’ largesse in the form of a trust fund. Less affluent peers may receive nothing at all — or even be expected to support their families when they become adults. But what if all children, regardless of their family’s circumstances, could get a financial boost when they turn 18? That’s the idea behind “Trump Accounts,” a lesser-known provision of President Donald Trump’s tax legislation. The bill, signed into law earlier this year, gives $1,000 to every newborn, ...

December a great time to purchase a new vehicle

If you’re in the market for a new vehicle, the remaining weeks of December could very well be a great time to buy. Several recurring industry trends converge at year-end, creating favorable conditions that can help you save money. The auto experts at Edmunds have come up with three key reasons why December often delivers the opportunity for better deals — and what to know to ensure you get the best one. Year-end sales quotas and dealership incentives Manufacturers and dealers operate under annual targets, and December is when they make their most concerted effort to meet them. ...

Tumbling tech stocks drag Wall Street to its worst day in 3 weeks

NEW YORK — More drops for superstar artificial-intelligence stocks knocked Wall Street off its record heights on Friday. The S&P 500 fell 1.1% from its all-time high for its worst day in three weeks. The weakness for tech stocks yanked the Nasdaq composite down by a market-leading 1.7%, and the Dow Jones Industrial Average gave back 245 points, or 0.5%, after setting its own record the day before. Broadcom dragged the market lower and tumbled 11.4% even though the chip company reported a stronger profit for the latest quarter than analysts expected. Analysts called the performance ...

Ohio’s September unemployment rate decreases

Staff report The state’s unemployment rate dropped 0.4 percentage points in September, the Ohio Department of Job and Family Services reported Thursday. The agency said the rate was 4.8% for the month, down from 5% in August. Ohio’s nonagricultural wage and salary employment decreased 6,200 over the month, from a revised 5,730,000 in August to 5,723,800 in September. For September, the number of unemployed workers was 287,000, down from 295,000 in August. The number of unemployed has increased by 26,000 in the past 12 months from 261,000. The September unemployment rate for ...

Disney invests $1B in OpenAI in deal to bring characters like Mickey Mouse to Sora AI video tool

Disney is investing $1 billion in OpenAI and will bring characters such as Mickey Mouse, Cinderella and Luke Skywalker to the AI company’s Sora video generation tool, in a licensing deal that the two companies announced on Thursday. At the same time, Disney went after Google, demanding the tech company stop exploiting its copyrighted characters to train its AI systems. The OpenAI agreement makes the Walt Disney Co. the first major content licensing partner for Sora, which uses generative artificial intelligence to create short videos. Under the three-year licensing deal, fans ...