Severe storms, tornadoes are moving through the South. People are sharing stunning images, videos.

As areas across the South brace for more severe weather rolling through the area on St. Patrick’s Day, residents and meteorologists posted scenes from the storms that started Wednesday morning. One man shared a video he took on the road that showed a tornado behind him near Waynesboro, Mississippi. The tornado reportedly damaged homes in Wayne County, Mississippi, Wednesday afternoon, the National […]

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OpenAI's Sam Altman: Artificial Intelligence will generate enough wealth to pay each adult $13,500 a year

Artificial intelligence will create so much wealth that every adult in the United States could be paid $13,500 per year from its windfall as soon as 10 years from now. So says Sam Altman, co-founder and president of San Francisco-headquartered, artificial intelligence-focused nonprofit OpenAI. "My work at OpenAI reminds me every day about the magnitude of the socioeconomic change that […]

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U.S. stocks cut losses after Fed statement

FILE PHOTO: The front facade of the New York Stock Exchange (NYSE) is seen in New York, U.S., March 1, 2021. REUTERS/Brendan McDermid(Reuters) – The S&P 500 and the Nasdaq trimmed earlier losses on Wednesday after the Fed kept interest rates steady, as expected, and said it would continue to keep its rate close to zero. In its statement following […]

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The I.R.S. is said to push the tax-filing deadline back to May 15.

The Internal Revenue Service will again give Americans extra time to file their taxes as a result of the pandemic, according a congressional aide briefed on the decision. Instead of the usual April 15 deadline, filers will instead have until May 15, said the aide, who spoke on the condition of anonymity because no announcement had been made. The extra […]

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With bond yields jumping, investors will closely watch what the Fed says about its buying plans.

Key bond yields jumped on Wednesday, rising ahead of the Federal Reserve’s March rate decision and a news conference where Jerome H. Powell, the central bank’s chair, will discuss the economic outlook. Investors will intently watch the Fed chair’s reaction to the move, which pushed the rate on 10-year government notes up to 1.69 percent around midday. It had hovered […]

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Fed keeps key rate near zero and still expects no hikes through 2023 despite brighter economic outlook

Despite a substantial upgrade to its economic outlook, the Federal Reserve on Wednesday held its key interest rate near zero, continued to forecast no rate hikes through 2023 and vowed to maintain its bond buying stimulus. The central bank is struggling to acknowledge forecasts that have suddenly turned more bullish while promising to stay the course with rock-bottom rates and […]

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