Finance
How keeping down borrowing costs for mortgages and other loans is built into the Fed’s ‘dual mandate’
How keeping down borrowing costs for mortgages and other loans is built into the Fed’s ‘dual mandate’ The Federal Reserve’s dual mandate includes promoting maximum employment and stable prices, but it also has a third objective: moderate long-term interest rates. The third mandate was originally part of the Fed’s goals in the 1977 Federal Reserve […]
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Health insurance premiums rose nearly 3x the rate of worker earnings over the past 25 years
Health insurance premiums rose nearly 3x the rate of worker earnings over the past 25 years Health insurance premiums in the US have increased nearly three times the rate of worker earnings over the past 25 years, making it difficult for patients and employers to afford healthcare. The main driver of these premium increases is […]
🏥 Health
Anthropic Expects to Break Even In 2028 and OpenAI In 2030
Anthropic Expects to Break Even In 2028 and OpenAI In 2030 Anthropic, maker of Claude, expects to break even by 2028, while OpenAI forecasts operating losses of $74 billion until 2030. OpenAI plans to invest significantly more in chips and data centers to become a trillion-dollar company, with the goal of attracting top researchers through […]
💻 Technology
OpenAI Aims for an IPO that Can Value the Firm in $1 Trillion
OpenAI Aims for an IPO that Can Value the Firm in $1 Trillion OpenAI is planning to go public through an IPO, aiming to value the company at up to $1 trillion by 2027. The IPO would be one of the largest in history and would allow OpenAI to raise capital more efficiently for future […]
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Fed lowers interest rates as it struggles to assess state of US economy without key government data
Fed lowers interest rates as it struggles to assess state of US economy without key government data The Federal Reserve (Fed) lowered interest rates by a quarter point at its latest monetary policy meeting due to the ongoing federal shutdown, which has limited access to key economic data. The Fed is struggling to assess the […]
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AI is sucking the oxygen out of other areas
AI is sucking the oxygen out of other areas Investments in AI are diverting funds away from other areas, such as traditional industries. The impact of this shift on valuations is still unclear and requires further analysis. Margie Patel, senior portfolio manager at Allspring, notes that it’s too early to determine if valuations are unsustainable. […]
💻 Technology
How AI is helping small businesses stretch their budgets
How AI is helping small businesses stretch their budgets Increased Efficiency: AI can automate repetitive tasks, freeing up time and resources for more strategic activities. Improved Predictive Analytics: AI-powered tools can analyze data to predict sales trends, customer behavior, and other key metrics, enabling informed decision-making. Enhanced Customer Experience: AI-driven chatbots and virtual assistants can […]
💻 Technology
Where financial advisors grew up affects their ethics
Where financial advisors grew up affects their ethics A new study found that where financial advisors grew up significantly affects their core code of ethics, which impacts their professional behavior as adults. The researchers discovered a strong relationship between an advisor’s hometown and the likelihood of engaging in professional misconduct, regardless of whether they worked […]
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Why Argentina is looking to the Trump administration for a bailout − and what the US Treasury can do to help
Why Argentina is looking to the Trump administration for a bailout − and what the US Treasury can do to help Argentina’s President Javier Milei has asked for US help to stabilize his country’s economy, which is facing a sharp sell-off of its currency and stocks. The US Treasury Secretary Scott Bessent has announced that […]
🏛️ Politics
Banks retreat from climate change commitments – but it’s business more than politics
Banks retreat from climate change commitments – but it’s business more than politics Banks that joined net-zero alliances to combat climate change have largely retreated from their commitments due to business interests over politics, with fossil fuels continuing to be profitable and loans to oil and gas companies surging. The collapse of these alliances was […]
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