Economy
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Generac stock surges 18% on $8B Amazon supply deal
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Associated Banc-Corp raises prime rate to 7.00 percent
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Luxury travel expert Olivia Ferney charges $100K a year for planning billionaire travel—they’re easier to work with than millionaires, she says
The world is fascinated by how the ultrarich live and work. By arranging their travel, a 25-year-old Canadian who grew up in a log cabin gained a few insights, and one thing she learned is that the wealthiest customers aren’t the hardest ones to serve. Olivia Ferney, a luxury travel specialist who was named as…
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The Fed unanimously agrees to hike interest rates for the first time since 2023, despite Trump’s call for the ‘lowest rates’ in the world
The Federal Reserve raised its benchmark rate by 25 basis points on Wednesday, increasing the benchmark federal funds rate to a range of 3.75% to 4%. It was the first increase since 2023 and the first thing Kevin Warsh has done to interest rates since President Donald Trump handed him the chair role. The vote…
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Mark Zuckerberg says AI doesn’t need an industry-wide slowdown because market forces and competition will push companies to make their models safe
The world’s biggest tech leaders are drawing lines in the sand over whether AI development should slow its progress to protect against a potential catastrophe. Mark Zuckerberg just chose his side, distancing himself from the camp of AI safety hawks (and chief among them Anthropic CEO Dario Amodei) who have called for AI labs to…
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Americans are so concerned about autonomous vehicles that Minneapolis is considering requiring drivers to sit inside Waymos
Passengers and rideshare drivers alike are growing nervous about the future of autonomous cars, and Minneapolis is the latest city to place guardrails on the vehicles over worker and safety concerns. Four Minneapolis city councilors, nearly one-third of the body, proposed an ordinance that would prevent self-driving cars from operating on the road by themselves,…
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Rep. Beatty Challenges Kennedy Center Closure—Here’s What’s Next In Legal Battle
Rep. Joyce Beatty, D-Ohio, accused the Kennedy Center of an “unexplained and unlawful closure” in a filing Wednesday.
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Fed Raises Interest Rates For First Time In Three Years As Inflation Stays High—Clashing With Trump
The Fed raised its benchmark interest rate by a quarter point on Wednesday, the first hike since July 2023.
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The Fed ‘removes a dose of accommodation,’ Warsh says at press conference