Business
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Treasury Secretary Bessent Declares K-Shaped Economy Over as Wall Street and Fed Data Signal Persistent Income Divide
WASHINGTON — U.S. Treasury Secretary Scott Bessent declared the dual-track “K-shaped” economy officially over, arguing that tax cuts and wage…
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US Private Sector Hiring Slows to 44,000 in July, Missing Forecasts
U.S. private sector employment growth decelerated sharply in July as businesses added 44,000 jobs, falling short of Wall Street expectations…
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Corporate AI Adoption Hits Bottleneck as Studies Show Only 5% of Workers Build Advanced Workflows
A widening gap between basic Artificial Intelligence usage and high-impact workflow creation is stalling enterprise productivity gains, forcing major corporations…
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US Blocks Exports of Battery Shreds and Scrap Tungsten to Counter China
The U.S. Commerce Department has imposed a year-long ban on the export of scrap tungsten and shredded battery material known…
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FCC Advances Plan to Repeal National TV Ownership Cap, Opening Door for Station Mergers
WASHINGTON — The U.S. Federal Communications Commission has advanced an order to eliminate the national television ownership cap, a decision…
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St. Louis Fast-Tracks $28 Billion Data Center Push With Strict Grid and Water Rules
St. Louis municipal authorities and Missouri officials are establishing binding environmental and grid restrictions on more than $28 billion in…
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Billionaire Investors and Tech Founders Reject Luxury Spending in Favor of Capital Discipline
Hedge fund manager Bill Ackman and tech founder Lucy Guo have publicly detailed their personal spending restrictions, outlining how extreme…
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Fannie Mae, Freddie Mac Surge After Bill Ackman Calls GSE Stocks ‘Stupidly Cheap’
Shares of Fannie Mae and Freddie Mac surged sharply on Monday after billionaire investor Bill Ackman urged market participants to…
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Pershing Square Submits $64 Billion Pitch to Merge Universal Music and List on NYSE
Pershing Square Capital Management has proposed a $64 billion transaction to merge Universal Music Group NV with its Pershing Square…
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Pershing Square Launches $64 Billion Universal Music Bid Ahead of NYSE Listing
Pershing Square Capital Management has launched a $64 billion bid to acquire Universal Music Group, pushing founder Bill Ackman’s investment…
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