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MSNBC host Stephanie Ruhle called upon the president of Chicago's Federal Reserve to tell viewers that they are economically far better off than they think.
"We need an economic explainer," the MSNBC host said. "People are confused, they're exhausted, but they're also doing quite well."
Ruhle, who hosts MSNBC's "The Eleventh Hour," had been discussing a recent Federal Reserve report that "shows people are still struggling to cover day-to-day expenses, even as inflation has slowed." She noted how some major brands are responding by enticing consumers with slashed prices, "Target says it is cutting prices on 5,000 essential items, things like milk, butter, pet food. Wendy's is now offering a $3 breakfast deal. And rivals like McDonald's are offering new lower-priced value meals." 
She enlisted Austan Goolsbee, the president and CEO of the Federal Reserve Bank of Chicago, to tell her viewers about the current state of the economy, noting to Goolsbee, "Lots of things that were not considered luxuries before now are, because things have gotten expensive. However, we have more purchasing power today than we did in 2019. What's going on with the American consumer psyche?"
BIDEN CLAIMS INFLATION WAS 9% WHEN HE TOOK OFFICE - IT WAS 1.4%
"There's never a bigger difference between the vibes and the actual numbers than we're facing right now, and I don't think we totally understand that," Goolsbee said. "Maybe it's rooted in a little bit if you ask people 'How is your personal situation?' and they say 'Pretty good,' 'How is the national economy?' They don't like it at all. I think a lot of it comes from inflation being very unpopular and there is a bit of a lag behind conditions."
The president of Chicago's Federal Reserve Bank continued, saying the whole situation has "kinda got these cross-currents going, there's some things that are very strong in the economy, there's some things that are very aggravating in the economy, and that melts into a little bit of this vibe situation where people are more upset than what you would think they would be when the unemployment rate is low and the economy is growing."
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When asked, Goolsbee said that he feels "good" about major consumer brands slashing prices. 
"You've had inflation that got too high in the U.S. and in other countries around the world," he said. "Incomes didn't keep up with that, now inflation has slowed in 2023, actually quite a lot. Inflation came down almost as much as it has ever come down, and we didn't have a recession while that was happening, which was quite unusual. But prices are still higher than what they were before, and so you see people complaining about that."
He elaborated further, "Food inflation is more volatile, it's more up-and-down than other inflation, so in a way it's good to see, and I'm not surprised to see that you're seeing a little deflation on the food side. Because that got way up before in the years previous to [2023] as well."
High inflation has created severe financial pressures for most U.S. households, which are forced to pay more for everyday necessities like food and rent. Grocery prices are up more than 21% from the start of 2021, while shelter costs are up 18.37%, according to FOX Business calculations. Energy prices, meanwhile, are up 38.4.%.
FOX Business' Megan Henney contributed to this report.

via: https://www.foxbusiness.com/media/msnbcs-ruhle-wants-economic-explainer-tell-confused-americans-doing-wel


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Passengers onboard a Singapore Airlines aircraft that encountered "severe turbulence" described the "sheer terror" during the critical moments when the Boeing jet was left "shuddering." 
The aircraft, which had 211 passengers and 18 crew onboard, was heading from London to Singapore when it encountered "severe turbulence," which left one passenger dead and 104 passengers needing medical attention.
Ali Bukhari, who was a passenger on the flight and was returning for his honeymoon with his bride, said that the severe turbulence was "traumatic."
"It was a very traumatic experience, it's hard to describe in words - no one expects that really," he told Australia's TV Channel 9.
VIDEO SHOWS SINGAPORE AIRLINES CABIN IN DISARRAY AFTER 'SEVERE TURBULENCE' LEAVES 1 DEAD
Passenger Beverley Mayers described the "sheer terror" as Singapore Airlines Flight SQ321 plunged nearly 6,000-foot descent in about three minutes.
"The whole plane was shuddering ... great pieces were falling off and dropping on the floor, people getting hit in the head," she told Australia's TV Channel 9 on arrival at Sydney airport.
Mayers said that she thought that the plane was going to split in half.
"I think we all thought the plane was going to fall apart, I thought it was going to go in halves here," she told the Australian outlet. "When they got us off the plane, there were a few of the staff who'd been injured - there'd been broken crockery - their faces were really covered in blood. It was awful."
Josh Silverstone, 24, told the Associated Press that it could have been "way worse," sharing that when the plane safely touched down he could not stop vomiting.
AIR INDIA EXPRESS PLANE CATCHES FIRE, FORCING EMERGENCY LANDING AT BANGALORE AIRPORT 
"I arrived back in the airport and I couldn't stop vomiting," he said. "I couldn't walk, it was pretty bad."
Weather forecasting service AccuWeather said satellite and lightning data showed "explosive thunderstorms" developing close to the flight path. 
Developing thunderstorms can leave pilots with little time to react, the weather service said.
SINGAPORE AIRLINES PASSENGER DEAD AFTER BOEING JET HITS 'SEVERE TURBULENCE' 
Sara Nelson, international president of the Association of Flight Attendants-CWA representing over 50,000 at 20 airlines, told Reuters that initial reports seemed to indicate clear-air turbulence.
Clear-air turbulence cannot be seen and is virtually undetectable with current technology, making it all the more important for passengers to wear seatbelts whenever seated, Nelson told Reuters.
"It is a matter of life and death," Nelson said.
Singapore Airlines said Wednesday that 74 passengers and six crew members remain in Bangkok, which includes "those receiving medical care, as well as their family members and loved ones who were on the flight." The rest have made it to Singapore after getting onto another plane. 
"On behalf of the Singapore Airlines Board, I extend my deepest condolences to the family and loved ones of our passenger who passed away on 21 May 2024 in the SQ321 incident," Singapore Airlines Chairman Peter Seah said. "I assure all passengers and crew members who were on board the aircraft that we are committed to supporting them during this difficult time." 
A hospital where the injured have been taken in Bangkok told The Associated Press on Wednesday that 20 people from the flight are being treated in its intensive care unit, while 104 overall have received medical care. 
The last fatal accident involving a Singapore Airlines plane was in 2000, when 83 died in Singapore after an aircraft crashed shortly following takeoff, the Aviation Safety Network says.
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Singapore Airlines did not immediately respond Wednesday to a request for comment from Fox News Digital.
Fox News Digital's Greg Norman and Reuters contributed to this report.

via: https://www.foxbusiness.com/economy/sheer-terror-passengers-singapore-airlines-flight-describe-nightmare-after-plane-hit-severe-turbulenc


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The recent incident involving a Singapore Airlines flight that had to make an emergency landing in Bangkok on Tuesday following "severe turbulence" has sparked heightened awareness around the dangers of turbulence and areas where passengers are likely to experience it.
The Boeing 777-300ER jet was heading from London to Singapore with 211 passengers and 18 crew onboard when it "encountered severe turbulence en-route" over Burma. One person died and 30 were injured.
Weather.gov describes turbulence as "one of the most unpredictable of all the weather phenomena that are of significance to pilots."   
SINGAPORE AIRLINES PASSENGER DEAD AFTER BOEING JET HITS 'SEVERE TURBULENCE'
According to the Federal Aviation Administration (FAA), turbulence is created by atmospheric pressure, jet streams, air around mountains, cold or warm weather fronts or thunderstorms.
It could be "as insignificant as a few annoying bumps" but it can also "momentarily throw an airplane out of control or to cause structural damage," according to Weather.gov.
During the Singapore Airlines incident, flight tracking data from the website FlightAware shows the aircraft quickly lost several thousand feet of altitude after traveling at 37,000 feet.
Turbli analyzed 150,000 routes and ranked those with active airline routes as of December 2023.  
The most turbulent flight was the route from Santiago in Chile to Santa Cruz in Bolivia, according to the data. Meanwhile, the second most turbulent route was determined to be between Almaty, Kazakhstan, and Bishkek, Kyrgyzstan, followed by Lanzhou, the capital city of northwest China's Gansu province, and Chengdu, the capital of southwestern China's Sichuan province.
AIR INDIA EXPRESS PLANE ENGINE CATCHES FIRE, FORCING EMERGENCY LANDING AT BANGALORE AIRPORT
Flights leaving Tokyo and Seoul and heading to areas in Nepal, Bangladesh and India are among the top five long haul routes that experience the most turbulence, according to the Turbli database.
1. Nashville, Tennessee, to Raleigh/Durham, North Carolina
2. Charlotte, North Carolina, to Pittsburgh, Pennsylvania 
3. Denver to Puerto Vallarta, Mexico 
4. New York (JFK) to Raleigh/Durham, North Carolina
5. Warwick, Rhode Island, to Syracuse, New York 
6. Atlanta to Northern Virginia 
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7. Pittsburgh, Pennsylvania, to Raleigh/Durham, North Carolina
8. New York (LaGuardia) to Portland, Maine
9. Boston to Syracuse, New York
10. Boston to Philadelphia
FOX Business' Greg Norman contributed to this report. 

via: https://www.foxbusiness.com/lifestyle/flights-routes-most-turbulenc


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A wave of America's retirees are dusting off their resumes and stepping back into the workforce, seeking financial stability as inflation changes the trajectory of their golden years.
"I've been back to work twice already, but now with watching the grandchildren, trying to help out the younger generation, I've had to look for work that can work with my schedule and work with the schedule that I do with the kids," Joyce Fleming, a retired nurse who was pushed back into employment, told "Fox & Friends" on Wednesday.
Fleming has considered opening a daycare in her own home so she could make money while watching her grandchildren, but that would more than likely require full-time status.
HIGH INFLATION IS CHANGING THE WAY AMERICANS RETIRE
"I guess I'll find a way," she said when asked about balancing family and work. "But the economy right now, with the cost of things, it almost mandates that you [go back to work]. I have made a budget plan prior to my retirement, but I'm still struggling to keep that budget on target."
Retired police officer Greg Piazza went back to work as a full-time groundskeeper to help mitigate the pressures of inflation. His wife, a retired teacher, is now tutoring.
HIGH INFLATION IS STILL A BURDEN TO AMERICANS - ESPECIALLY PARENTS, FED SURVEY SHOWS
"Law enforcement has a very good pension. I feel very blessed, and I appreciate that very much," he told Fox News' Ainsley Earhardt. "But it just goes to show you that, even for us so-called retired folks, it's just not enough under today's current economy, and I went back to work full-time to assist us."
Piazza needed health insurance for his wife and daughter in addition to additional funds to cover staggering living expenses, including rising costs for gas, groceries, utilities and car insurance.
He blamed the Biden economy for the hardship.
INFLATION INCREASES 3.4% IN APRIL AS PRICES REMAIN ELEVATED
"When they say that the average American has [experienced] a [cost of living] increase of about $10,000 to $12,000 a year under Joe Biden, that is absolutely factual. I did the math myself," he said.
"My car insurance has gone up $300 a month since I moved [to Florida]," he continued. "The gasoline went from $2 a gallon to $3.50 a gallon right now. You talk about utilities... electric and all the other stuff, it absolutely has increased ten to twelve thousand dollars a year."
The Consumer Price Index rose 3.4% last month, slightly down from March's 3.5% reading, but the report also showed prices are 19.4% higher today than when President Biden took office in 2021.
Grocery prices are up more than 21% from the start of 2021, while shelter costs are up 18.37%, according to FOX Business calculations. Energy prices, meanwhile, are up 38.4.%. 
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"The inflation costs are just unbelievable," Fleming said. "Even when you own a home and you go to do repairs, those kinds of things, every cost [has increased]. It's not just food and cost of living types of things. It's trying to keep your home going. If you try to get even a plumber, an electrician to come in, the costs have doubled."
The Fed's Economic Well-Being of U.S. Households report for 2023 showed that inflation made financial lives "worse" for approximately 65% of U.S. adults. 19% of those respondents described their financial situation as "much worse" due to higher prices. 
FOX Business' Megan Henney contributed to this report.

via: https://www.foxbusiness.com/media/retirees-forced-return-work-inflation-eats-savings-not-enoug


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EXCLUSIVE: The founder of Bass Pro Shops is reveling in the opening of Thunder Ridge Nature Arena this week - an outdoor amphitheater sitting on 1,200 acres of Table Rock Lake and overlooking Boston Mountains of Arkansas, following a decade of planning and development.
Johnny Morris, CEO of Bass Pro Shops and native to Missouri, was set to kick off the unveiling of the venue in the Ozarks with a pre-grand opening, "Concert for Conservation," on Tuesday night, where all proceeds will benefit conservation.
The show was postponed due to weather. The grand opening is slated for Saturday evening and with country artist and "I Had Some Help" singer, Morgan Wallen.
"You look out and see nothing but nature," Morris told FOX Business during a video interview. "Hopefully, because it's like a preserve, people will come here 100 years from now, 200 years from now, they're going to see the same thing, and that's just beautiful nature."
JOHNNY MORRIS, FOUNDER AND CEO OF BASS PRO SHOPS, ON AFFORDABILITY AMID INFLATION
Thunder Ridge was born as part of the Johnny Morris Conservation Foundation, a not-for-profit effort dedicated to preserving the Ozarks for future generations.
Morris contracted local craftsmen, artists and specialized teams, as well as companies like ASM Global and Live Nation, among others, to execute the day-to-day operations of the outdoor musical venue that holds 18,000-20,000 guests in Ridgedale, a few miles outside of Branson.
Over the last 60 days, Morris said a unified band of 500 people were employed to prepare for opening celebrations, which included food tastings he unluckily missed.
"My wife, daughter, a lot of team members were around for a tasting," he said. "I missed it and I just hate that I did because I heard nothing but rave reviews, nothing but good things about the food. I know there's a lot of local folks involved in the food."
The venue offers a bold menu of culinary creations crafted by award-winning local chefs, including bison burgers, an assortment of classic BBQ favorites, caramel cheddar popcorn, bacon-crusted pork tenderloin, and Johnny Morris' cold sausage platter of elk, wild boar and venison.
BASS PRO SHOPS DOUBLES DOWN WITH SUPER BOWL AND DAYTONA 500 AD
"It's been amazing to see," Morris said. "It's been day after day to get prepared for this evening and the nights ahead and days ahead."
The parking lot, which Morris says is purposely hidden away from concertgoers' eyesight, is equipped with a tram that will take guests along a heavily forested oasis to the arena entrance.
In regard to lodging, Morris was inspired by the exterior of well-structured towers to build a four-story, 120-foot tall building which includes accommodation for 10 guests. The "Veterans Tower" was named to honor Morris' father and WWII Army veteran, John A. Morris.
"To me, as we're coming up on Memorial Day here soon, we can never do enough to thank our veterans or military, the people who protect our freedoms," Morris said. "There's just no way we can ever do enough, so this tower is just kind of a salute."
A custom motif of Old Glory fills a wall, among other nods influenced by U.S. servicemen and women.
"Memorial weekend, we're going to invite just veterans only to spend some time in that tower," Morris said.
10 OF THE BEST DISCOVERIES ACROSS THE 'SHOW-ME STATE' OF MISSOURI
He added that Bass Pro Shops proudly employs 3,000 military veterans across store locations.
"We're proud to salute our veterans and military," he said.
While overlooking the amphitheater from high in the patriotic dwelling, guests are met with rich panoramic views of Table Rock Lake and the rolling hills of the Ozark Mountains.
In addition to Veterans Tower, a luxury box notable for VIPs, called "The Nature Tower", rises 12 stories and features unobstructed views of the stage and the Ozarks.
"It's an attraction in itself," Morris said of the ergonomic design. "Hopefully, just for people to come from the region and enjoy great entertainment."
Country stars are booked for the Thunder Ridge Iron Horse stage, including Wallen on May 25, Chris Stapleton on June 13 and Luke Bryan on July 27. Imagine Dragons is also anticipated this summer.
Ahead of its opening amid construction, Garth Brooks performed during a special preview of the landscape.
CLICK HERE TO READ MORE ON FOX BUSINESS
Thunder Ridge has hosted 4-H youth events and has plans for outdoor activities and competitions, trade shows, horse shows and more.
Morris says he's relying on professionals at Thunder Ridge to keep guests safe and that "no expense" is spared to ensure an uninterrupted experience for tourists celebrating conservation the way he intended.
"This is my home," Morris said. "I can never wait to get back home."

via: https://www.foxbusiness.com/fox-news-travel/ceo-bass-pro-shops-reveals-nature-based-amphitheater-morgan-wallen-perform-grand-openin


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The massive container ship that caused the deadly collapse of Baltimore's Francis Scott Key Bridge nearly two months ago was refloated Monday morning and towed to a port, revealing a new opening in the city's skyline.
The MV Dali, a Singapore-flagged neopanamax container ship, had been grounded in the main shipping channel of Baltimore Harbor since striking the bridge on March 26. Six construction workers on the bridge at the time died in the collapse.
Around 7 a.m., during high tide Monday morning, tugboats were seen maneuvering the hulking ship out of the collapsed wreckage. Pieces of the bridge's steel poked out from the ship's bow as a mass of concrete from the collapsed roadway remained piled on top.
As crews began to slowly tow the ship to a marine terminal, a void in the city's altered skyline could be viewed for the first time since construction of the Key Bridge was completed in 1977. The opening also highlighted the progress of the ongoing cleanup efforts as hundreds of tons of twisted steel have already been removed from the collapse site.
COAST GUARD STUDYING IF OTHER BRIDGES AT RISK FOLLOWING BALTIMORE BRIDGE DISASTER
The collapse occurred after the Dali lost power as it was transiting through Baltimore Harbor. The ship briefly regained power, but a second power loss left the ship unable to move in time to avert a collision with one of the piers supporting the main span of the Key Bridge. 
A preliminary National Transportation Safety Board report found that the ship had suffered issues with its electrical system prior to the accident, though it is unclear whether those earlier malfunctions played a role in the collision.
COLLAPSED FRANCIS SCOTT KEY BRIDGE DETONATED TO HELP FREE SHIP FROM PORT OF BALTIMORE
Officials have said the Dali will likely remain in the port for several weeks and undergo temporary repairs before being moved to a shipyard for more substantial repairs.
The ship's crew members, who have not been allowed to leave the vessel since the disaster, will be able to disembark once the Dali is docked in Baltimore, officials have said. 
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The crew, 20 of whom are from India and one from Sri Lanka, had been maintaining the ship and assisting investigators since the grounding.
Fox Business's Eric Revell and The Associated Press contributed to this report.

via: https://www.foxbusiness.com/economy/baltimore-key-bridge-collapse-dali-container-ship-refloated-moved-marine-termina


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Nestlé is launching a line of food products tailored to people using weight-loss medication in an effort to capitalize on a market expected to reach $30 billion in the next six years. 
Under its new Vital Pursuit brand, the global food giant plans to launch 12 products ranging from frozen protein pasta, sandwich melts and pizzas, all of which are made with a higher amount of protein and essential nutrients like iron, vitamin A and potassium. They are also "portion-aligned to a weight loss medication user's appetite," the company said. 
It's the first time the company, known for brands like DiGiorno pizza, KitKat, and Nesquik, created a food brand that's specifically intended for glucagon-like peptide 1 (GLP-1) users.
WEGOVY, THE WEIGHT-LOSS MEDICATION, GETS FDA APPROVAL FOR USE AS HEART DISEASE PREVENTION DRUG
GLP-1 agonists are a class of Type 2 diabetes drugs that improves blood sugar control but may also lead to weight loss. Semaglutide, which is the active ingredient in Novo Nordisk's Wegovy and Ozempic, as well as tirzepatide, which is the active ingredient in Eli Lily's Mounjaro and Zepbound, are considered GLP-1 drugs.  
They have surged in popularity in recent years as people touted the drugs' weight-loss effects. In turn, food executives are noticing some shoppers' habits are changing. 
For instance, Walmart U.S. CEO John Furner said during an earnings call in November that while it was still too early to tell how this will affect customers and the business, the company has seen "some shifts in categories." 
NOVO NORDISK CEO SAYS FOOD EXECS ARE 'SCARED' OF WEIGHT-LOSS DRUG THREAT
Before that, Furner acknowledged in an interview with Bloomberg that the company sees "a slight pullback in overall basket." 
"Just less units, slightly less calories," he said. 
At the same time, Nestlé sees an opportunity to be at the "forefront" of what it says is a "growing market opportunity." 
Earlier this month, Novo Nordisk told FOX Business that at least 25,000 Americans are beginning treatment with Wegovy each week and that figure is growing.  
The Danish pharmaceutical giant, which has been ramping up production capacity to meet demand, said that there are currently "four times" the number of U.S. patients starting the medication compared with December 2023.
In 2023, one in 60 adults were prescribed a GLP-1 medication, according to the American Pharmacists Association.
By 2030, the number of GLP-1 users in the U.S. could reach 30 million, or around 9% of the overall population, according to JPMorgan. The market is projected to exceed $100 billion by that same year, "driven equally by diabetes and obesity usage," the firm noted. 
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"As the use of medications to support weight loss continues to rise, we see an opportunity to serve those consumers," Nestlé North America CEO Steve Presley said. "We're leveraging our deep understanding of consumers and nutritional science to stay ahead of the trends that are shaping consumer behaviors, and innovating across our portfolio to deliver products people will love."  
Nestlé said it plans to sell the products for less than $5, but that prices may vary by retailer. 
They will hit stores in the fourth quarter of 2024. 

via: https://www.foxbusiness.com/lifestyle/nestle-launches-food-line-targeting-ozempic-other-weight-loss-drug-user


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Scarlett Johansson is "angered and in disbelief" by tech company OpenAI over its ChatGPT app's voice, Sky, noting it uses a voice very similar to hers.
On Monday, just shy of a week after OpenAI debuted the voice, Johansson's publicist, Marcel Pariseau, issued a statement to FOX Business explaining that the actress' legal team had sent the tech company two letters asking them to explain their process of how they came up with the personal assistant's voice in their artifical intelligence technology.
OpenAI demonstrated the voice last week, NPR reported, and many observers found an uncanny likeness between the assistant's voice and Johansson's voice in the 2013 sci-fi film "Her." The movie focused on a man falling in love with the voice of the female operating system on his computer.
According to the outlet, OpenAI CEO Sam Altman previously said that "Her" was his favorite movie. Just last week, Altman took to X, formerly known as Twitter, and simply wrote "her."
WHAT IS ARTIFICIAL INTELLIGENCE (AI)?
Johansson's statement to FOX Business read, "Last September, I received an offer from Sam Altman, who wanted to hire me to voice the current ChatGPT 4.0 system. He told me that he felt that by my voicing the system, I could bridge the gap between tech companies and creatives and help consumers to feel comfortable with the seismic shift concerning humans and AI. He said he felt that my voice would be comforting to people." 
She explained that "after much consideration and for personal reasons, I declined the offer."
"Nine months later, my friends, family and the general public all noted how much the newest system named 'Sky' sounded like me," the statement continued.
"When I heard the released demo, I was shocked, angered and in disbelief that Mr. Altman would pursue a voice that sounded so eerily similar to mine that my closest friends and news outlets could not tell the difference. Mr. Altman even insinuated that the similarity was intentional, tweeting a single word 'her' - a reference to the film in which I voiced a chat system, Samantha, who forms an intimate relationship with a human," Johansson continued. 
"Two days before the ChatGPT 4.0 demo was released, Mr. Altman contacted my agent, asking me to reconsider. Before we could connect, the system was out there. As a result of their actions, I was forced to hire legal counsel, who wrote two letters to Mr. Altman and OpenAI, setting out what they had done and asking them to detail the exact process by which they created the 'Sky' voice," Scarlett continued.
"Consequently, OpenAI reluctantly agreed to take down the 'Sky' voice. In a time when we are all grappling with deepfakes and the protection of our own likeness, our own work, our own identities, I believe these are questions that deserve absolute clarity. I look forward to resolution in the form of transparency and the passage of appropriate legislation to help ensure that individual rights are protected," the statement concluded.
Altman issued a statement to FOX Business regarding Sky's voice on Monday.
"The voice of Sky is not Scarlett Johansson's, and it was never intended to resemble hers. We cast the voice actor behind Sky's voice before any outreach to Ms. Johansson. Out of respect for Ms. Johansson, we have paused using Sky's voice in our products. We are sorry to Ms. Johansson that we didn't communicate better," the statement said.
This is not the first time Johansson's voice has been manipulated without her consent.
In November, the "Black Widow" star took legal action, per Variety, against an AI image-generating app called Lisa AI: 90s Yearbook & Avatar for her voice and likeness in an ad posted on X.
Johansson's attorney told the outlet, "We do not take these things lightly. Per our usual course of action in these circumstances, we will deal with it with all legal remedies that we will have."
In the ad, posted on Oct. 28 but apparently no longer available, footage of Johansson behind the scenes on "Black Widow" is used, with her saying, "What's up guys? It's Scarlett, and I want you to come with me ..." before a graphic covers her mouth and the screen shows AI-generated images that resemble her.
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A sound-alike voice is heard saying, "It's not limited to avatars only. You can also create images with texts and even your AI videos. I think you shouldn't miss it."
There was fine print under the ad that read, "Images produced by Lisa AI. It has nothing to do with this person."
In October, a proposed No Fakes Act was released as a discussion draft by a bipartisan group of senators, according to Bloomberg Law.
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It would establish the federal right to control one's own image and voice, also known as the right of publicity, and allow individuals to control digital replicas, a protection that would exist for 70 years after their death.
The penalties include a fine of $5,000 per violation and any economic damages that can be proven in court.

via: https://www.foxbusiness.com/entertainment/openai-accused-mimicking-scarlett-johansson-tech-company-pauses-chatgpt-voic


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Nearly 900,000 bags of tea are being recalled after officials detected excessive levels of pesticide residues, federal health officials warned. 
The Food and Drug Administration (FDA) posted a notice that 54,846 packs of East West Tea Company's Organic Yogi Echinacea Immune Support tea bags, are being recalled because "pesticide residues were detected above action levels."
Each pack includes 16 tea bags, and there are four packs per box, equating to 877,536 bags of tea.
HY-VEE RECALLING MULTIPLE ITEMS, CITING SALMONELLA CONTAMINATION RISK
The FDA classified the recall as a "Class III," which means the "product is not likely to cause adverse health consequences."
Recalls are classified into a numerical designation (I, II, or III), which determines the severity of hazard the product poses. A "Class I" is considered the most severe meaning products will cause "serious adverse health consequences or death." 
Pesticides are used to protect crops from things such as insects, fungi, weeds, and other pests. U.S. government agencies share responsibility for the oversight of pesticide chemical residues both in or on food, the FDA said. 
H-E-B RECALLS ICE CREAM OVER POTENTIAL METAL CONTAMINATION
The Environmental Protection Agency (EPA) evaluates pesticides so that they are safe for human consumption, and the environment when used according to label directions. The agency also establishes the maximum residue level of a specific pesticide chemical that is permitted either in or on food, according to the FDA. 
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via: https://www.foxbusiness.com/lifestyle/nearly-900k-bags-tea-recalled-over-high-levels-pesticide-residu


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The interest rate on a 30-year fixed-rate mortgage is 6.875% as of May 20, which is 0.250 percentage points higher than on Friday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 5.990%, which is 0.115 percentage points higher than on Friday. 
With mortgage rates changing daily, it's a good idea to check today's rate before applying for a loan. It's also important to compare different lenders' current interest rates, terms, and fees to ensure you get the best deal. 
Rates last updated on May 20, 2024. Rates are based on the assumptions shown here. Actual rates may vary. Credible, a personal finance marketplace, has 5,000 Trustpilot reviews with an average star rating of 4.7 (out of a possible 5.0).
When you take out a mortgage loan to purchase a home, you're borrowing money from a lender. In order for that lender to make a profit and reduce risk to itself, it will charge interest on the principal - that is, the amount you borrowed.
Expressed as a percentage, a mortgage interest rate is essentially the cost of borrowing money. It can vary based on several factors, such as your credit score, debt-to-income ratio (DTI), down payment, loan amount and repayment term.
After getting a mortgage, you'll typically receive an amortization schedule, which shows your payment schedule over the life of the loan. It also indicates how much of each payment goes toward the principal balance versus the interest.
Near the beginning of the loan term, you'll spend more money on interest and less on the principal balance. As you approach the end of the repayment term, you'll pay more toward the principal and less toward interest.
Your mortgage interest rate can be either fixed or adjustable. With a fixed-rate mortgage, the rate will be consistent for the duration of the loan. With an adjustable-rate mortgage (ARM), the interest rate can fluctuate with the market.
Keep in mind that a mortgage's interest rate is not the same as its annual percentage rate (APR). This is because an APR includes both the interest rate and any other lender fees or charges.
Mortgage rates change frequently - sometimes on a daily basis. Inflation plays a significant role in these fluctuations. Interest rates tend to rise in periods of high inflation, whereas they tend to drop or remain roughly the same in times of low inflation. Other factors, like the economic climate, demand, and inventory can also impact the current average mortgage rates.
To find great mortgage rates, start by using Credible's secured website, which can show you current mortgage rates from multiple lenders without affecting your credit score. You can also use Credible's mortgage calculator to estimate your monthly mortgage payments.
Mortgage lenders typically determine the interest rate on a case-by-case basis. Generally, they reserve the lowest rates for low-risk borrowers - that is, those with a higher credit score, income, and down payment amount. Here are some other personal factors that may determine your mortgage rate:
Other indirect factors that may determine the mortgage rate include:
Along with certain economic and personal factors, the lender you choose can also affect your mortgage rate. Some lenders have higher average mortgage rates than others, regardless of your credit or financial situation. That's why it's important to compare lenders and loan offers.
Here are some of the best ways to compare mortgage rates and ensure you get the best one:
One other way to compare mortgage rates is with a mortgage calculator. Use a calculator to determine your monthly payment amount and the total cost of the loan. Just remember, certain fees like homeowners insurance or taxes might not be included in the calculations.
Here's a simple example of what a 15-year fixed-rate mortgage might look like versus a 30-year fixed-rate mortgage:
If you're thinking about taking out a mortgage, here are some benefits to consider:
And here are some of the biggest downsides of getting a mortgage:
Requirements vary by lender, but here are the typical steps to qualify for a mortgage:
Here are the basic steps to apply for a mortgage, and what you can typically expect during the process:
Refinancing your mortgage lets you trade your current loan for a new one. It does not mean taking out a second loan. You will also still be responsible for making payments on the refinanced loan.
You might want to refinance your mortgage if you:
The refinancing process is similar to the process you follow for the original loan. Here are the basic steps:
If you need to tap into your home's equity to pay off debt, fund a renovation, or cover an emergency expense, there are two popular options to choose from: a home equity loan and a home equity line of credit (HELOC). Both a home equity loan and a HELOC allow you to borrow against your home's equity but a home equity loan comes in the form of a lump sum payment and a HELOC is a revolving line of credit.
These two loan types have some other key similarities and differences in how they work:
Interest rates on mortgages fluctuate all the time, but a rate lock allows you to lock in your current rate for a set amount of time. This ensures you get the rate you want as you complete the homebuying process.
Mortgage points are a type of prepaid interest that you can pay upfront - often as part of your closing costs - for a lower overall interest rate. This can lower your APR and monthly payments. 
Closing costs are the fees you, as the buyer, need to pay before getting a loan. Common fees include attorney fees, home appraisal fees, origination fees, and application fees.
If you're trying to find the right mortgage rate, consider using Credible. You can use Credible's free online tool to easily compare multiple lenders and see prequalified rates in just a few minutes.

via: https://www.foxbusiness.com/personal-finance/todays-mortgage-rates-may-20-202


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