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Humana warns that rising care costs will persist through 2024, surprises Wall Street with forecast

Humana still doesn’t know why more people were admitted for short hospital stays than it expected late last year, and that is casting a shadow over health insurers early in 2024. Shares of several companies sank again Thursday after Humana debuted an earnings forecast for the new year that fell about $13 short of analyst expectations. Insurer stocks also dropped last week when Humana first…

Tesla’s stock slides after profits come up short and EV maker warns of slowing growth in 2024

Shares of Tesla are tumbling at the opening bell as the electric vehicle, solar panel and battery maker warns investors of slower sales growth this year after posting fourth-quarter profits that were weaker than most had expected ByMICHELLE CHAPMAN AP business writer January 25, 2024, 9:59 AM FILE – A Tesla logo is seen on a vehicle on display in Austin, Texas, Feb. 22, 2023….

Auto dealers up campaign urging Biden administration to halt EPA tailpipe emission limits regulation

DETROIT — More than 4,700 auto dealerships across the United States urged President Joe Biden in a letter Thursday to halt the Environmental Protection Agency’s efforts to enforce stricter vehicle-pollution standards. The missive comes just weeks before the agency’s expected ruling on its tailpipe-emissions proposal, which addresses both climate change and pollutants that are harmful to health. It is the second letter that auto dealers…

Robitussin maker recalls several lots of cough syrup due to contamination

The maker of Robitussin is recalling several lots of cough syrup due to contamination that could pose a serious risk to people with weakened immune systems ByMATTHEW PERRONE AP health writer January 25, 2024, 10:22 AM This photo provided by U.S. Food & Drug Administration shows the location of a lot number of recalled Robitussin cough syrup on Thursday, Jan. 25, 2024. The maker of…

Norfolk Southern’s fourth-quarter profit falls 33% as Ohio derailment costs continue to grow

Norfolk Southern’s fourth-quarter profit fell 33% because of the ever growing costs of the cleanup of last year’s fiery derailment in eastern Ohio, but the railroad did deliver 3% more shipments during the quarter and even without the costs related to that toxic crash its profits still would have been down 14%. The Atlanta-based railroad said it earned $527 million, or $2.32 per share, during…

An inflation gauge closely tracked by the Federal Reserve shows price pressures continue to cool

An inflation gauge closely tracked by the Federal Reserve shows price pressures continue to cool ByThe Associated Press January 26, 2024, 8:32 AM WASHINGTON — An inflation gauge closely tracked by the Federal Reserve shows price pressures continue to cool. Top Stories Trump Organization monitor flags errors and financial misstatements ahead of ruling Jan 27, 6:45 PM Republicans release articles of impeachment against Mayorkas over…

Britain’s post-Brexit trade talks with Canada break down as they disagree over beef and cheese

LONDON — The British government has called off post-Brexit trade talks with Canada after discussions broke down over disagreements related to the import and export of beef and cheese. The two countries have been negotiating a new trade deal over the past two years since Britain fully left the European Union. Trade between the two has largely continued under the same deal that was originally…

Inflation slowed further in December as an economic ‘soft landing’ moves into sharper focus

WASHINGTON — The Federal Reserve’s preferred inflation gauge cooled further last month even as the economy kept growing briskly, a trend sure to be welcomed at the White House as President Joe Biden seeks re-election in a race that could pivot on his economic stewardship. Friday’s government report showed that prices rose just 0.2% from November to December, a pace consistent with pre-pandemic levels and…

Deepfake explicit images of Taylor Swift spread on social media. Her fans are fighting back

NEW YORK — Pornographic deepfake images of Taylor Swift are circulating online, making the singer the most famous victim of a scourge that tech platforms and anti-abuse groups have struggled to fix. Sexually explicit and abusive fake images of Swift began circulating widely this week on the social media platform X. Her ardent fanbase of “Swifties” quickly mobilized, launching a counteroffensive on the platform formerly…

George Carlin estate sues over fake comedy special purportedly generated by AI

LOS ANGELES — The estate of George Carlin is suing the media company behind a fake hourlong comedy special that purportedly uses artificial intelligence to recreate the late standup comic’s style and material. The lawsuit filed in federal court in Los Angeles on Thursday asks that a judge order the podcast outlet Dudesy to immediately take down the audio special, “George Carlin: I’m Glad I’m…