Dollar Firms As Markets Look To Rate Rise

Ralph Loya was pretty sure he was going to lose the corn. His farm had been scorched by El Paso’s hottest-ever June and second-hottest August; the West Texas county saw 53 days soar over 100° Fahrenheit in the summer of 2024. The region was also experiencing an ongoing drought, which meant that crops on Loya’s eight-plus acres of melons, okra, cucumbers, and other produce had to be watered more often than normal. Loya had been irrigating his corn with somewhat salty, or brackish, water pumped from his well, as much as the salt-sensitive crop could tolerate.

A Delaware judge today rejected Elon Musk's bid to reinstate a Tesla pay package that was worth over $50 billion at the beginning of 2024 and has now crossed $100 billion based on Tesla's latest share price. The judge also ordered Tesla to pay $345 million in attorneys' fees to the plaintiff's counsel, who had sought $5.6 billion in fees. Delaware Court of Chancery Judge Kathaleen McCormick, who voided the pay plan in January, said today that a June 2024 shareholder vote re-approving the 2018 pay plan is not a compelling reason to reverse the original ruling.

You can't go wrong with the Garmin Instinct 2, especially at its discounted price of $200.

TORONTO — Prime Minister Justin Trudeau told Donald Trump that Americans would also suffer if the president-elect follows through on a plan to impose sweeping tariffs on Canadian products, a Canadian minister who attended their recent dinner said Monday. Trump threatened to impose tariffs on products from Canada and Mexico if they don’t stop what he called the flow of drugs and migrants across their borders with the United States.

WASHINGTON — A top Federal Reserve official said Monday that he is leaning toward supporting an interest rate cut when the Fed meets in two weeks but that evidence of persistent inflation before then could cause him to change that view. Speaking at George Washington University, Christopher Waller, a key member of the Fed’s Board of Governors, said he was confident that inflation is headed lower and that the central bank will likely keep reducing its key rate, which affects many consumer and business loans. But he noted that there’s a risk that inflation “may be getting stuck above” the Fed’s 2% target, which would support an argument for keeping the Fed’s rate unchanged this month. “At present, I lean toward supporting a cut to the policy rate at our December meeting,” Waller said in his remarks to a conference held by the American Institute for Economic Research.

OpenAI's ChatGPT is more than just an AI language model with a fancy interface. It's a system consisting of a stack of AI models and content filters that make sure its outputs don't embarrass OpenAI or get the company into legal trouble when its bot occasionally makes up potentially harmful facts about people. Recently, that reality made the news when people discovered that the name "David Mayer" breaks ChatGPT.