FINANCE
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Ray Dalio calls for ‘redistribution policy’ when AI and humanoid robots start to benefit the top 1% to 10% more than everyone else
Legendary investor Ray Dalio, founder of Bridgewater Associates, has issued a stark warning regarding the future impact of artificial intelligence…
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Target was hoping for a back-to-school sales bump that never game. Foot traffic is still down for the 7th month in a row
Target hoped for a back-to-school shopping bump, but foot traffic fell for the seventh straight month in August, and now a…
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Geoffrey Hinton says AI will cause massive unemployment and send profits soaring
Pioneering computer scientist Geoffrey Hinton, whose work has earned him a Nobel Prize and the moniker “godfather of AI,” said…
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One out of every 4 homes is at ‘severe or extreme’ climate risk, study says
More than one in four U.S. homes—amounting to $12.7 trillion in real estate—faces at least one type of “severe or…
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Trump’s trade adviser says tariffs aren’t permanent after court strikes down reciprocal duties
White House senior counselor for trade and manufacturing Peter Navarro said Sunday that President Donald Trump’s tariffs are not permanent as…
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Over half of professionals are so annoyed by AI trainings they say it feels like a second job, LinkedIn survey finds
Over half of professionals report that AI trainings feel like a second job, according to a recent LinkedIn survey, highlighting widespread…
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Trump’s tariffs are becoming such an important revenue source that they’re now propping up America’s debt rating
Ratings agency S&P Global had some good news and bad news on the U.S. deficit outlook. The good news is…
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Ethereum brushes record high after Fed Chair says ‘balance of risks’ is shifting
Jerome Powell set off a Friday boom in the crypto markets. After the chair of the U.S. Federal Reserve indicated…
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The ‘Ghosts of 2007’ and the graybeard ‘Nifty 50’: BofA looks at the rare situation in markets and finds ominous parallels to the GFC and the dotcom bubble
The U.S. Federal Reserve’s looming decision on whether to cut interest rates in September 2025 is sparking heightened concern on…
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Airfares are surging again after a months-long slump as carriers trim flights to ease a capacity glut
The latest consumer price index report showed airfares jumped 4% in July from the prior month, reversing a slump that…
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