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Uncategorized
The downsides of making $13tn of profit
Betting on US equity has been staggeringly lucrative for the rest of the world, but it is now far more exposed to a market crash
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Merlin the Duck was allowed inside Mexico City’s Azteca Stadium, but only to film a commercial
In two weeks, a 2-year-old duck from Mexico City went from street vendor sidekick to presidential guest to trademark defendant.
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What bubble? JPMorgan says the $5.5 trillion AI capex explosion is profitable–for now
JPMorgan’s midyear outlook argues the hyperscalers are profitable, the debt markets are holding, and the cycle has room to run.
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Trump turns on Big Oil donors who spent nearly $100 million to get him elected—now he wants the DOJ to investigate them for price gouging
Crude prices are back to prewar levels. Gas prices aren’t. Now Trump is pointing fingers at his own biggest donors.
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The bond market knows something about the $39 trillion national debt that Washington doesn’t
A more hawkish Fed could be bad news for the record debt. The bond market decided to ignore it.
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Head of UK’s biggest union backs Ed Miliband for chancellor
Endorsement of Unison chief opens up split with other big unions opposed to current energy secretary being appointed to Treasury
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Burnham needs to simplify UK taxes, says adviser Haldane
Former Bank of England chief economist says ‘thicket of regulation’ must be cut to boost growth