Dollar Tree Shares Plunge
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Weaker-Than-Expected Payrolls Push Down Dollar
The dollar fell in a week when the Fed was perceived as not too hawkish—after Chair Powell kept a rate hike off the table— and payrolls surprised to the downside, for a change.The Wall Street Journal - World -
How Scrappy Cryptominer CoreWeave Transformed Into the Multibillion-Dollar Backbone of the AI Boom
CoreWeave, once a small player in crypto, is now a $19 billion unicorn that provides GPUs to AI developers. Its frenetic culture and rising competition now pose challenges, former employees say.Wired - Tech -
Trump blames strong dollar for U.S. economy ‘going to hell’
Trump’s economic advisors are ”actively debating ways to devalue the U.S. dollar if he’s elected to a second term,” according to one report.MarketWatch - Business - Donald Trump -
On the sidelines of a pricier Kentucky Derby, the race is on for small-dollar spending
While high rollers scoop up Churchill Downs tickets whose prices have tripled in the last decade, Louisville entrepreneurs vie for revelers with less to spend.NBC News - Top stories -
Canada Dollar Weakness to Extend Into 2H on Rate Cuts, Asset Sales
The stage is set for continued Canadian dollar weakness, National Bank Financial said. Meanwhile, the U.S. dollar edged higher in afternoon trading in New York.The Wall Street Journal - World -
A Handful of Plunging Stocks Suggests the Consumer Is Not All Right
Investors sold off Starbucks, DoorDash, and Netflix after weak earnings.Inc. - Business -
Why has hiring plunged for white-collar jobs?
According to the Labor Department, job growth slowed across the U.S. in April but remained healthy. While the number of jobless claims remains historically low, a Business Insider report is warning of a possible white-collar recession. Aki Ito, ...CBS News - Top stories -
Watch: Bridge buckles and plunges into Brazil river
Footage shows a man narrowly avoiding falling into the water as a bridge gives way.BBC News - Top stories - Brazil