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Trump signs executive order to block state AI regulations

WASHINGTON, December 12, 2025 (AP) — President Donald Trump signed an executive order Thursday aimed at blocking states from crafting their own regulations for artificial intelligence, saying the burgeoning industry is at risk of being stifled by a patchwork of onerous rules while in a battle with Chinese competitors for supremacy. Members of Congress from both parties, as well as civil liberties and consumer rights groups, have pushed for more regulations on AI, saying there is not enough oversight for the powerful technology. But Trump told reporters in the Oval Office that “there’s only going to be one winner” as

Silver surges Rs 2,400 to new record Rs 1.94 lakh/kg in Delhi; near USD 63 in int’l markets

New Delhi, Dec 11 (PTI) Silver prices jumped Rs 2,400 to a fresh all-time high of Rs 1,94,400 per kilogram in the national capital on Thursday tracking firm global cues amid weakness in the rupee and a rate cut by the US Federal Reserve. The white metal had rallied sharply on Wednesday, rising Rs 11,500 to scale the record level of Rs 1,92,000 per kg, according to All India Sarafa Association. Since the beginning of the calendar year, silver has climbed Rs 1,04,700, or 116.72 per cent, from Rs 89,700 per kg on December 31, 2024. “Silver prices has reached

What the Federal Reserve rate cut means for you

NEW YORK, December 11, 2025 (AP) — The Federal Reserve cut its benchmark interest rate by a quarter point Wednesday for the third time since September, bringing its key rate to about 3.6%, the lowest in nearly three years. Before September, it had gone nine months without a cut. The benchmark rate is the rate at which banks borrow and lend to one another, and the Fed has two goals when it sets the rate: one, to manage prices for goods and services, and two, to encourage full employment. The benchmark rate also affects the interest rates consumers pay to

Federal Reserve cuts key rate, sees healthier economy next year

WASHINGTON, December 11, 2025 (AP) — The Federal Reserve reduced its key interest rate by a quarter-point for the third time in a row Wednesday but signaled that it may leave rates unchanged in the coming months. The cut decreased the Fed’s rate to about 3.6%, the lowest it has been in nearly three years. Lower rates from the Fed can bring down borrowing costs for mortgages, auto loans, and credit cards over time, though market forces can also affect those rates. Chair Jerome Powell suggested at a news conference that after six rate cuts in the past two years,

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