Thursday’s business headlines
INDIANAPOLIS (WISH) — Here’s a look a Thursday’s business headlines with Jane King.
Amazon to start flagging “frequently returned items”
Amazon is starting to warn consumers when products sold on its platform are regularly shipped back for returns.
The warning label will encourage consumers to check the item details and reviews before making their purchase, helping customers avoid misleading or low-quality products and reducing unnecessary returns.
Rocket Mortgage launches home payment credit card
Rocket Mortgage has launched a credit card to help you save for or pay off a home.
Charges and points go to saving for a down payment. However, the points can only be used on a Rocket Mortgage, and consumer experts say committing to a lender so early may not get you the best rate.
Tech officials call on AI labs to take 6-month break
Some of the biggest names in tech are calling for artificial intelligence Labs to take a break from developing powerful AI systems for at least six months, citing “profound risks to society and humanity.”
Elon Musk and Apple co-founder Steve Wozniak were among those who signed the letter.
The letter comes just two weeks after OpenAI announced GPT-4, a more powerful ChatGPT.
In a company demo, the technology was shown drafting lawsuits, passing standardized exams, and building a working website from a hand-drawn sketch.
Egg producer profits surge 718% as prices skyrocket
Cal-Maine Foods, the largest egg producer in the nation, reports that revenue doubled and profit surged 718% last quarter because of sharply higher egg prices.
The company, which controls about 20% of the U.S. egg market, says its average selling price for a dozen eggs in the quarter ending February 25 was $3.30, more than double the average of $1.61 a year earlier.
USDA proposes free school lunch program expansion
The USDA is proposing an expansion of the free school lunch program.
The USDA’s community eligibility provision helps school districts where at least 40% of students benefit from SNAP, the Supplemental Nutrition Assistance Program.