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Stanley Druckenmiller cut his Nvidia stake in late March, says AI may be a bit overhyped short term
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My father ‘deliberately and hurtfully’ cut my late sister’s two kids out of his will. How can I ensure they get their fair share?
“How can I best do this in such a way that nobody is penalized from gift taxes and other costs?”MarketWatch - Business -
Citron Research’s Andrew Left says he is shorting GameStop again after his 2021 short flopped
The short seller said he has started betting against GameStop this week after its share price surged on excitement over social media posts by Roaring KittyMarketWatch - Business -
Are the Risks of Marijuana Overhyped or Undersold?
‘The psychiatric hospitals I oversee are consistently occupied by patients suffering from complications due to cannabis.’The Wall Street Journal - World -
CoreWeave, an AI cloud-computing startup backed by Nvidia, has raised $7.5 billion from investors.
CoreWeave, an AI cloud-computing startup backed by Nvidia, has raised $7.5 billion from investors.The Wall Street Journal - World -
Romney says he laughs at term 'America first'
Sen. Mitt Romney (R-Utah) said that he laughs at the term “America first,” an increasingly common phrase heard in the Republican Party regarding U.S. foreign policy that he finds “disorienting.” Romney said during an interview with MSNBC’s “The ...The Hill - Politics -
Replit cuts staff by 30 amid aggressive AI push in software development
Replit, a cloud-based software development platform, lays off 30 employees as it focuses on integrating AI into its coding tools, aiming to make programming more accessible.VentureBeat - Tech -
Grab Sees Generative AI Boosting Cost-Cutting Drive
Southeast Asian ride-hailing and delivery specialist Grab Holdings is using generative artificial intelligence to trim expenses and boost a cost-cutting drive in its continuing bid to achieve profitability.The Wall Street Journal - World -
Grab Sees Generative AI Boosting Cost-Cutting Drive
Southeast Asian ride-hailing and delivery specialist Grab Holdings is using generative artificial intelligence to trim expenses and boost a cost-cutting drive in its continuing bid to achieve profitability.The Wall Street Journal - Business -
ECB's Schnabel Says Second Rate Cut in July 'Does Not Seem Warranted'
The European Central Bank should move cautiously after delivering a first rate cut in June, a member of its executive board said in an interview.The Wall Street Journal - World -
OpenAI’s Long-Term AI Risk Team Has Disbanded
The entire OpenAI team focused on the existential dangers of AI has either resigned or been absorbed into other research groups, WIRED has confirmed.Wired - Tech
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Soaring debt and deficits causing worry about threats to the economy and markets
Government debt that has swelled nearly 50% is capturing increasing worry both on Wall Street and in Washington.CNBC - Business -
Microsoft set to unveil its vision for AI PCs at Build developer conference
Microsoft Build 2024 starts Tuesday, and the company is expected to talk about how Windows will power new "AI PCs."CNBC - Business - Microsoft -
Media giants lean on sports as Hollywood strikes still loom over content slates
Media companies charming advertisers during the Upfront meetings let sports take center stage as content slates still suffer from last year's Hollywood strikes.CNBC - Business -
Some consumers are punting big purchases like pools and mattresses
There are some signs that shoppers are holding off on big-ticket buys, the latest signal of the economy contracting at the hands of tighter monetary policy.CNBC - Business -
Social Security's 'biggest myth' leads people to claim early, expert says. Even a slight delay can boost retirement income
Fears about Social Security's future shouldn't be the primary reason for claiming retirement benefits at 62, experts say.CNBC - Business