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Former President Donald Trump said Wednesday night that Republicans should force the government to default if Democrats won’t make spending-cut concessions in the debt-ceiling fight. Trump made the comments in a town hall in Manchester, New Hampshire, with Republicans and undecided voters, hosted by CNN anchor Kaitlan Collins. The prime-time event quickly spiraled out of
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Userba011d64_201 | Istock | Getty Images Wall Street has eagerly rallied around companies making notable strides in artificial intelligence. However, several investors warn that the increasingly widespread deployment of AI has opened a “Pandora’s box” of environmental, social and corporate governance, or ESG, concerns. Generative AI models — ChatGPT being the most prominent example —
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While a breakthrough doesn’t appear imminent in Washington’s debt-ceiling standoff, there is increasing chatter about what could go into a bipartisan deal that ends the stalemate and avoids a market-shaking default. “The centerpiece of an obvious deal would be a two-year cap on discretionary spending, somewhere in between the president’s 6% proposed increase and the
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Stock market investors will be closely watching Wednesday’s U.S. April inflation report as a significant deviation from forecasts may cause losses for those expecting the Federal Reserve to keep interest rates unchanged at its next meeting and potentially cut rates later this year as its year-long monetary tightening cycle ends. The April consumer price index
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