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Artificial intelligence was supposed to reduce prices. Instead AI is boosting inflation.
The upsurge in U.S. inflation, reaching a three-year high, has been fueled by rising oil prices and the residual effects of the Trump tariffs. But another thing is adding to the problem: the boom in artificial intelligence. Article Attribution | Read More at Article...
GameStop ups its stake in eBay after its buyout bid was rejected
eBay may have shot down GameStop’s $56 billion buyout offer this month, but the videogame retailer continues to show interest in the online auction platform. Article Attribution | Read More at Article Source
Global oil prices drop below $106 a barrel on hopes that U.S.-Iran war will soon end
Oil futures were extending their declines on Wednesday following reports that a new round of negotiations between the U.S. and Iran will be held in Pakistan, raising hopes for a resolution to the months-long stalemate in the Middle East. Article Attribution | Read...
‘He didn’t really pay attention’: I told my friend he left millions on the table in retirement. Did I do the right thing?
“He lived very frugally and maxed out his 401(k)s.” Article Attribution | Read More at Article Source
Micron’s stock gets a boost. Are Samsung’s problems helping?
A looming strike by Samsung workers could further tighten memory supply and boost prices, analysts said. Article Attribution | Read More at Article Source
Jeff Bezos says Elon Musk’s timeline for data centers in space is ‘probably not right’
“Some of the timelines we hear are very short,” Bezos said of the technology core to SpaceX’s IPO, but they are a “little ambitious.” Article Attribution | Read More at Article Source
Is gambling culture is taking over shopping? New crypto debit card lets you ‘buy now, pay maybe’
Critics say new payment model shows gambling culture has hijacked everyday spending Article Attribution | Read More at Article Source
Global oil prices drop below $108 a barrel after Trump reaffirms he would end the war in Iran ‘very quickly’; Hormuz sees increased tanker traffic
Oil futures were sliding on Wednesday following comments from President Trump that the war in Iran would be ended “very quickly.” Article Attribution | Read More at Article Source
‘Even better than tech.’ A scramble into this sector is coming, warns veteran wealth manager.
Ted Oakley of Oxbow Advisors says investors need more energy sector exposure, and his company owns everything from drillers to producers. Article Attribution | Read More at Article Source
Buckle up for $120 oil changes. Why car care is about to get more expensive.
Drivers are in a jam. But skipping and delaying maintenance may mean bigger repairs later. Article Attribution | Read More at Article Source
This relentless bull market is about to face its biggest test yet
This rip-roaring AI-powered bull market has already overcome a handful of potentially existential challenges — from the 2023 collapse of Silicon Valley Bank to last year’s tariff tantrum. Article Attribution | Read More at Article Source
Target’s turnaround plan involves upscale baby gear and revamped shopping carts — and it’s starting to work
Target just topped earnings expectations and boosted its outlook. Article Attribution | Read More at Article Source