The Lex Newsletter: AI spending plans are spooking the market
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The Lex Newsletter: OpenAI and the case for techno-optimism
Trust in tech may have declined but demand for its services and shares is at an all-time highFinancial Times - World -
Is Hunt right that Labour’s spending plans would leave a £38bn black hole?
Labour criticises a dossier released by the Conservatives that adds up how much their spending commitments would cost.BBC News - Top stories -
China to cut mortgage rates as part of plan to prop up property market
Local authorities will be allowed to turn unsold homes from developers into affordable housing. China will cut mortgage rates and allow local authorities to turn unsold homes from developers into affordable housing, in a series of drastic measures ...The Guardian - World - China -
Meet the AI-Powered Campaign Builder for People Who Don't Like Marketing
Don't know what 'omnichannel' means? A novel marketing tool from Constant Contact could be your new best friend.Inc. - Business -
Musk Pushes Plan for China Data to Power Tesla's AI Ambitions
A data center in Chinato teach AI models for self-driving technology using data that could be processed in the countrycould be a big shift for Tesla, or merely a backup plan.Inc. - Business - China -
Meta's Plan to Win AI Race: Give Its Tech Away Free
Mark Zuckerberg has trained his “Eye of Sauron” on Meta’s AI strategy, which comes with risks as rivals unveil their free products.The Wall Street Journal - Tech - Meta -
Trump’s immigration plan could add trillions of dollars to national debt, fueling inflation and market jitters
Donald Trump’s tax and spending plans for his would-be second term in office imply a willingness to see the federal budget deficit rise to truly unprecedented levels.MarketWatch - Business -
Lex in depth: how the hydrogen hype fizzled out
Once viewed as a superfuel that could decarbonise large chunks of the economy, the likely uses are shrinking dramaticallyFinancial Times - Business -
New spending fight emerges
Business & Economy The Big Story McConnell and Democrats on collision course over spending Senate Republicans are on a collision course with Democrats over government funding, as the latter insists nondefense spending programs receive equal ...The Hill - Politics -
Chinese search-engine giant Baidu reported a drop in quarterly profit, but beat estimates, helped by stable online marketing revenue and rising sales from its AI Cloud business.
Chinese search-engine giant Baidu reported a drop in quarterly profit, but beat estimates, helped by stable online marketing revenue and rising sales from its AI Cloud business.The Wall Street Journal - World -
How much money the U.S. spends on war
American military spending reached $916 billion in 2023, which accounts for more than a third of the world's total military expenditure.CNBC - Business -
Working From Home and Spending Billions Shopping Online
Without the boss nearby, who can resist placing that Amazon order?The Wall Street Journal - World -
With Ukraine Funded, New Fight Emerges in Congress Over Pentagon Spending
Mitch McConnell and other top Republicans want more federal money for the military. But Democrats say domestic programs must get an equivalent boost.The New York Times - Top stories - Ukraine -
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McConnell, Collins on collision course with Democrats over spending parity
Senate Republicans are on a collision course with Democrats who are insisting that nondefense spending programs receive equal treatment with defense programs. Senate Republican Leader Mitch McConnell (Ky.) says he won’t accept Democrats’ demand to ...The Hill - Politics -
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The plan for a new California city
A group backed by some of California's richest has purchased some 60,000 acres of farmland in Northern California, as part of an ambitious plan to build a brand-new, walkable city in the nation's most car-centric state, for as many as 400,000 ...CBS News - Top stories - California -
Basic Materials Roundup: Market Talk
Read about copper futures, BHP and Anglo American, and more in the latest Market Talks covering Basic Materials.The Wall Street Journal - World -
Financial Services Roundup: Market Talk
Read about SPDR Gold, Robinhood Markets, Canadian household borrowing, and more in the latest Market Talks covering Financial Services.The Wall Street Journal - World -
Health Care Roundup: Market Talk
Find insights into Zealand Pharma, Roche, Biocon, and more in the latest Market Talks covering the Health Care sector.The Wall Street Journal - World -
Auto & Transport Roundup: Market Talk
Find insights on Mercedes-Benz and BMW, Maersk, EasyJet, and more in the latest Market Talks covering the Auto and Transport sector.The Wall Street Journal - World -
Energy & Utilities Roundup: Market Talk
Read about Mexico’s gasoline tax, the U.S. rig count, natural-gas and crude-oil futures, and more in the latest Market Talks covering Energy and Utilities.The Wall Street Journal - World -
Trump’s real plans for the deep state
We ought to be paying more attention to the former president’s plan to reimpose Schedule FFinancial Times - World - Donald Trump -
It’s Time to Believe the AI Hype
Some pundits suggest generative AI stopped getting smarter. The explosive demos from OpenAI and Google that started the week show there’s plenty more disruption to come.Wired - Tech -
The AI Pork Barrel Arrives
Chuck Schumer has found a new excuse to spend $32 billion a year, and some Republicans are going along for the ride.The Wall Street Journal - World -
Despite Inflation Concerns, Markets Keep Rising
Stocks on both sides of the Atlantic set records as investors foresee interest rates moving in one direction: down.The New York Times - Business -
Should you sell your home ‘off market’?
Once the preserve of luxury London properties, the sales tactic is spreading. But what does it mean — and does it actually work?Financial Times - World -
Why Utilities Are Lighting Up the Stock Market
Utility stocks are suddenly white hot, thanks largely to artificial intelligence’s thirst for electricity. Investors accustomed to thinking of the sector as sleepy and safe need to realize the game has changed.The Wall Street Journal - World -
Economy Losing Steam as Labor Market Tightens
Weekly jobless claim numbers decline as the impact of higher interest rates starts to hit key business sectors like homebuilding and manufacturing.Inc. - Business -
New GameStop saga reveals true fools in markets
Return of the Roaring Kitty to the internet sparks a revival of meme-stock madnessFinancial Times - Business -
Tech, Media & Telecom Roundup: Market Talk
Read about Canada’s new regulations for online streaming, Lightspeed Commerce, ATS, and more in the latest Market Talks covering Technology, Media and Telecom.The Wall Street Journal - World -
America’s class of 2024 graduates into an uncertain job market
US employers say they will cut their hiring of freshly-minted graduates by 5.8% this yearFinancial Times - Business -
Serbia Approves Plans For a Hotel With Jared Kushner in Belgrade
The redevelopment plans for a bombed NATO site in Belgrade in partnership with the government provoked immediate criticism in Serbia.The New York Times - Top stories -
An Economic Peace Plan for Gaza Is Bound to Fail
Unless it follows an unconditional surrender.The Wall Street Journal - World -
Rishi Sunak plans crackdown on student visa salesmen
Prime minister seeks more ways to cut international university attendeesFinancial Times - World -
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Trump Plans a Campaign Event in the Deep Blue Bronx
The former president, who has sought to make some political appearances around New York as he stands criminal trial, is set to speak at an event next Thursday at Crotona Park.The New York Times - Top stories - Donald Trump -
How Spirit AeroSystems fits into Boeing's rebound plan
Boeing is in talks to buy back Spirit AeroSystems, one of the biggest aerostructure companies in the world.CNBC - Business -
Safeguarding Your Partnership: Planning for Partner Bankruptcy and Divorce
It's crucial to clarify how the economic interests of all the partners will be managed.Inc. - Business -