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Tech stocks lead market bloodbath as fears of Fed rate hikes add to worries about the AI-fueled chip boom petering out
“The lack of a reacceleration of wage growth in recent months points to a labor market that is stable, but not hot.”
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Markets have worst day since October as tech stocks lead the way down, traders lose hope of rate cut
Nvidia fell 6.2%, Broadcom dropped 7.9% and Micron Technology slid 13.3% for the biggest loss among stocks in the S&P 500.
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MAGA hates AI, but Trump agrees with Bernie it might be time for partial government ownership
“You make them a partnership in this revolution,” Trump told reporters Friday. “It would be a beautiful thing.”
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What AI is actually good for
AI can do far more than most people realize and far less than many assume. The hardest part isn’t the technology.
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Investors boost bets for Fed rate rise after bumper US jobs report
World’s biggest economy adds 172,000 jobs in May in sign labour market is ‘turning the corner’
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Nasdaq tumbles 4% as shares in chip and memory groups sink
Rising expectations of a Federal Reserve rate increase send US bond yields rising sharply
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Jamie Dimon called Elon Musk the ‘Edison of our time’ as JPMorgan hosted SpaceX’s $75 billion IPO road show—and even invited Musk’s mom
Top bankers are lavishing praise on Musk ahead of his rocket company’s record-setting listing.
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The avoidable tragedy of Henry Nowak
This case resonates because it plays into two sets of public fears
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Steve Hilton, Tory aide turned California’s would-be governor
The expat David Cameron adviser is seeking to follow in Arnold Schwarzenegger’s footsteps