The Fed’s next crisis? AI is killing jobs faster than it can cut rates

Goldman Sachs says job growth is collapsing outside healthcare as companies lean on AI to cut labor costs
Read more about Goldman Sachs says job growth is collapsing outside healthcare as companies lean on AI to cut labor costsA 'consumer durable' recession is taking shape as Americans slash big-ticket purchases
TeraWulf makes $3.2 billion debt offering to fund data center expansion plans
Waymo expanding into Europe for the first time beginning next year
IMF warns of rising global risks from stablecoins

Citi CEO is bullish on tokenized deposits but sees an ‘overfocus’ on stablecoins

Everyone in the AI sector is gunning for Nvidia, even when they’re working with it

Is GameStop becoming modern-day Berkshire? Early investor says Wall Street is missing its second act
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Foreclosures surge in Sun Belt hotspots, but don’t call it a crisis yet, analyst warns
Foreclosure filings rose 17% in the third quarter as homeowners grappled with high mortgage rates and job losses, but analysts say talk of a new housing crisis is overblown.

Markets may be underestimating the economic fallout from U.S. government shutdown, El-Erian warns
Markets may be shrugging off the U.S. government shutdown, but economists warn that job losses, data gaps, and widening inequality could make it a real economic shock.

“The low inventory excuse doesn’t work anymore” — the peculiar reason why Americans are shunning real estate
The unraveling of the American Dream can no longer be explained away by low housing inventory, according to a housing analyst.