Business
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Americans Tighten Belts and Boost Savings as Recession Fears Linger
In the face of persistent recession fears and the high cost of living, Americans are adjusting their financial habits, with…
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Deutsche Bank Economist Maintains Concerns Over U.S. Recession Amidst AI Optimism
In a financial landscape where optimism about a “soft landing” persists, Deutsche Bank’s chief economist, David Folkerts-Landau, and head of…
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ESG Fund Managers Express Concerns Over AI Risks in Big Tech Investments
Environmental, Social, and Governance (ESG) fund managers have turned to big tech as a promising avenue for low-carbon, high-return…
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Cryptocurrency Giant Binance Faces Unprecedented Legal Heat with $4.3 Billion Penalties
In a dramatic turn of events, the world’s largest cryptocurrency exchange, Binance, and its former CEO, Changpeng Zhao, find themselves…
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Wealthy Americans Spending Slowdown Casts Shadow Over U.S. Economy Ahead of Holidays
The robust consumer spending of wealthier Americans, which has been a key driver keeping the U.S. economy afloat, is showing…
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Purdue Pharma’s Opioid Settlement: Justice, Morality, and the Sackler Family Dilemma
In a landmark move, the maker of OxyContin, Purdue Pharma, is on the brink of settling thousands of lawsuits surrounding…
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OpenAI’s Power Struggle when Nonprofit Goals Clash with For Profit Dynamics
The recent upheaval at OpenAI, marked by the abrupt firing of CEO Sam Altman and ensuing power struggles, has brought…
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RedBird IMI’s £1.2 Billion Deal Raises Concerns Over Foreign Influence on UK Media Landscape
In a significant financial maneuver, RedBird IMI, a joint venture between RedBird Capital Partners and International Media Investments (IMI), has…
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Wells Fargo Employees Pioneer Unionization in the Financial Sector
In a groundbreaking move that could reshape the landscape of labor relations in the financial sector, employees at two Wells…
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OpenAI Investors Seek to Reinstate Sam Altman as CEO Amid Board Shake Up
Investors in OpenAI, including Microsoft, Thrive Capital, Tiger Global Management, and others, are reportedly working to reinstate Sam Altman as…
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Amazon Aims for $20 Billion Indian Exports by 2025, Embracing Small Sellers and Made in India Products
Amazon is setting ambitious targets for merchandise exports from India, aiming to reach $20 billion by 2025. The e-commerce giant…
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Strike’s Global Ambition a New Partnership Enables Bitcoin Purchases in Over 65 Countries
In a groundbreaking move, the crypto app Strike has unveiled a strategic partnership with payment processing platform Checkout.com, propelling its…
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