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Wholesale inflation surges again and keeps the pressure on businesses and the U.S. economy
Wholesale prices in May posted the biggest back-to-back increases since 2022 and kept the pressure on businesses as they try to navigate another wave of U.S. inflation. Article Attribution | Read More at Article Source
Big Tech is preventing new stock-market highs as investors change the way they play AI, says this top strategist
Nomura’s Charlie McElligott says investors are finally waking up to the problems with a market that is too concentrated on AI leadership. Article Attribution | Read More at Article Source
RIP Euro summer: Americans are trading Tuscany for Tacoma, thanks to soaring airfares
Surging airfares have made it harder for price-conscious travelers to justify summer vacations in Europe — and many are opting to travel within the U.S. instead. Article Attribution | Read More at Article Source
‘It’s causing friction’: I’m taking a trip with 14 friends. What is the fairest way to split the food bill?
“I’m worried it’s going to make people irritable and ruin the trip.” Article Attribution | Read More at Article Source
As artificial-intelligence capital expenditures rise, so do the risks for AI stocks, Goldman Sachs tells investors
Forecasts of $920 billion in AI-related capex in 2027 are likely too conservative. Article Attribution | Read More at Article Source
SpaceX IPO hype is massive — and especially dangerous for investors over 50
A stock that dips is a blip at 30. But for older investors in or near retirement, it’s a portfolio disaster. Article Attribution | Read More at Article Source
America faces a huge shortage of high-protein whey as prices go through the roof
Nutrition companies are struggling to keep up as the wellness craze and GLP-1 boom drive up demand for a once-niche supplement. Article Attribution | Read More at Article Source
ChatGPT price-war report comes as data shows AI usage already tailing off
After many high-profile corporate customers complained about the high fees attached to AI models and the practice of ‘tokenmaxxing’, OpenAI is considering discounting its services as competition with Anthropic gets cut-throat Article Attribution | Read More at Article...
Our financial adviser keeps pushing annuities even after we said no. Should we fire him?
“He claims that we are his only clients who have not jumped on this great opportunity.” Article Attribution | Read More at Article Source
My wife and I are 61. We have $2.2 million and $5,000 in Social Security benefits. Do we claim early?
“We need our assets and income to support us for the next 25 years.” Article Attribution | Read More at Article Source
After more than a year, ‘Superman’ star Nicholas Hoult finally sells $2.2 million L.A. home at a big loss
The actor was forced to take a rather hefty loss on the sale of the Hollywood Hills home, which he purchased for $2.33 million in 2018. Article Attribution | Read More at Article Source
Markets are pricing in a rate hike by the European Central Bank — which one top economist sees as a ‘mistake in the making’
The decision to raise interest rates would mark the central bank’s first in almost three years. Article Attribution | Read More at Article Source