Tag: breaking news
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Why China is importing a record amount of gold — and what it means for prices
Beijing’s push to diversify away from the dollar and Chinese households’ search for a safe place to put their savings has fueled China’s record gold buying.
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Americans’ debt problems are flashing a warning not seen since the Great Recession
Researchers found that while wealth disparities narrowed somewhat, the ability to meet debt payments deteriorated significantly.
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U.S. East Asian envoy says investors are overpricing Taiwan risk
Investors are overestimating the risk of conflict across the Taiwan Strait, a U.S. diplomat says, playing up deterrence to keep Beijing from taking the island.
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AI startup Manus raises $500 million in first funding round since Meta breakup
The deal is handing the AI agent developer fresh capital after Beijing forced Meta to unwind its roughly $2 billion acquisition.
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Fed officials see another hike coming, but no sign as to when, minutes show
The Federal Reserve on Wednesday released minutes from its Sept. 15-16 policy meeting.
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Inflation fears on the rise as one-year outlook in Fed survey hits highest level since May 2023
The Survey of Consumer Expectations indicated that the median outlook for inflation over the next 12 months rose to 3.9%.
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Why AI is both the hope and the hazard for world leaders, according to IMF chief Georgieva
Kristalina Georgieva warns that the technology lifting growth hopes is also pushing up inflation and yields, just as public debt levels rose.
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Meta joins with group of companies to tame ‘chaos’ of doing business with AI bots
Meta and OpenAI Chairman Bret Taylor’s startup Sierra are building a set of tech standards to make it easier to do business with AI bots.
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Trade deficit hits $105.6 billion, widest since just before Trump tariffs enacted last year
That marked a 13.7% jump from July and was ahead of the Dow Jones consensus estimate for $102 billion.
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Anduril lands $2.9 billion Navy submarine shipyard contract days after Luckey joins Pentagon weapons group
Defense tech leaders are gaining sway in Washington in President Donald Trump’s military reindustrialization push
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