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The Fed slashed interest rates last week, but Treasury yields are rising. What’s going on?
Despite a 50 basis point rate reduction, Treasury yields have been moving higher, particularly at the long end of the curve.
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Sam Altman tells OpenAI staff there’s no plan for him to receive ‘giant equity stake’ in company
At an all-hands meeting Thursday, OpenAI CEO Sam Altman denied reports that he received a “giant equity stake” in the company.
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China’s industrial profits plunge by 17.8% in August from a year ago
China’s industrial profits plunged by 17.8% in August from a year ago, the National Bureau of Statistics said Friday.
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Gov. Newsom kills bill to help return land to Black families
But the proposal by itself would not have been able to take full effect because lawmakers blocked another bill to create a reparations agency that would have reviewed claims.
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Only one person is left from this iconic photo of the OpenAI leadership team
CEO Sam Altman said in a post that OpenAI is “not a normal company.”
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Barbara Corcoran on losing her mom to Alzheimer’s—and fearing she might have it, too
“I think it took a long time to process it,” the Shark Tank star says about the loss of her mom.
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Binance founder ‘CZ’ leaves prison on Friday—along with his $60 billion fortune
Changpeng Zhao leaves a halfway house on Friday. He has pledged himself to philanthropy but the pull of business will be strong.
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David Tepper’s big bet after the Fed rate cut was to buy ‘everything’ related to China
The billionaire founder of Appaloosa Management said he may have doubled his limit on China equities with this move.
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Trump Media shareholder UAV dumped nearly 11 million shares
Former President Donald Trump is the majority owner of Trump Media, the Truth Social operator, whose shares trade under the DJT ticker.