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On December 8, the federal government made two seemingly disconnected but inexorably linked announcements that do not bode well for America’s future. First, the Department of Transportation hyped an $8.2 billion grant for passenger rail projects. Second, the Congressional Budget Office revealed that the federal government racked up a $383 billion deficit in just the
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The U.S. Court of Appeals for the 2nd Circuit recently upheld New York’s requirement that applicants for handgun carry permits demonstrate “good moral character,” deeming it consistent with the Second Amendment. But the appeals court enjoined enforcement of the state’s demand that applicants submit information about their social media accounts, deeming it inconsistent with the
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President Joe Biden and Democrats cannot win the debate over the economy without fundamentally reframing the terms of the choice they are offering voters, an extensive new research study by one of the partys prominent electoral-strategy groups has concluded. The study, scheduled to be released today, seeks to mitigate one of the partys most glaring
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Loading… Loading… The financial services industry has seen some ground-breaking changes in the past year, with fintech innovations driving the sector forward and fast-paced developments in artificial intelligence. Participants in the fintech sector expect 2024 to be another transformative year as further investment by financial services companies reshapes the banking landscape. Marius Galdikas, CEO at
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Loading… Loading… Speaking at BenzingasFintech Deal Day event in New York in November, panelists discussed data-driven decision-making and risk management in FinTech. Andr Beganski, a journalist at Decrypt Media, moderated the discussion, which featured panelists Antonio Goncalves from Devexperts and dxFeed, Paul Fahey of Northern Trust Asset Servicing, and Traci Mabrey from Dow Jones. Fahey
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Loading… Loading… The Wikimedia Foundation disclosed that in 2023, ChatGPT was the most viewed article on Wikipedia, attracting 79 million views across its various language editions. What Happened:In 2023, the English language version of Wikipedia amassed over 84 billion views. Of these, the ChatGPT article alone accounted for more than 49 million views. During the
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK economy unexpectedly contracted in October, driven by falls in every sector and fuelling concerns that high interest rates could push the country into a downturn. Gross domestic product fell 0.3 per cent between
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Loading… Loading… Investors are always on the lookout for untapped opportunities, especially in stocks that have been heavily discounted and now present promising opportunities for those prepared to wager on a recovery. As the new year looms, a seasoned strategy, known as the Laggards trade, is witnessing a revival. In its recent analysis, Goldman Sachs
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Loading… Loading… The momentum on Wall Street during Tuesdays session continues to lack strength as investors carefully scrutinize the most recent economic data. Moodys decision to lower Chinas credit rating outlook from stable to negative also weighed on risk propensity. While service activity showed a better-than-expected uptick in November, Octobers job openings fell substantially, marking
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Loading… Loading… In a compelling panel discussion at Benzingas Fintech Deal Day event held in New York this November, industry experts gathered to delve into the complexities of managing market volatility and strategizing effective risk management. The panel, moderated by Renato Leonard Capelj from Benzinga, featured insights from Michael Green of Simplify Asset Management, Kris
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Dubai, United Arab Emirates”It’s been a very good COP for nuclear energy,” said Jonathan Cobb of the World Nuclear Association. He was referring to COP28, this year’s United Nations summit on climate change, which had given his industry several reasons for optimism. Most notably, 22 countriesincluding the United States, the U.K., France, Japan, and South
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