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DARK SECRETS: 61 | Rare Historical Photos

Woman Shops For Tesla. Then She Learns The Real Reason It's Better To Lease—Not Buy

"You're at the mercy of..."

Motor1

Financial Security Isn't About Income Alone. Here's How Much Experts Say You Need To Achieve 'Essential Wealth'

According to a new report, about 34.5 million U.S. households fall short of the "essential wealth" threshold, highlighting that income alone is no longer the best measure of financial well-being.

International Business Times

Elon Musk loses $19 billion after Tesla shares plunge 14%. What’s spooking investors?

Tesla shares experienced a significant drop of over 14% on Thursday. This decline followed the company's quarterly earnings report which failed to impress investors. Higher operating expenses and accelerated AI spending impacted Tesla's profitability negatively. The automaker's substantial capital expenditure plans also contributed to investor concerns. Elon Musk's net worth…

The Economic Times

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Amazon Prime $2.5 billion settlement deadline is days away — here's how to claim your share

How to get your share of Amazon’s $2.5 billion FTC settlement before the deadline.

Tom’s Guide

AI Was Supposed To Replace Workers. Google's Biggest Study Yet Says That's Not What's Happening

Artificial intelligence is being embraced across a growing number of professions, but it is largely serving as a workplace assistant rather than replacing employees, according to a new study.

International Business Times

Tesla stock suffers double-digit drop on carmaker’s worst day in years

Elon Musk’s EV company lost a quarter of its value this year amid weak profits and high spending on AI and robotics

The Guardian - US

This Bipartisan Senate Bill Would Make Your Google Search Results Less Useful

Regulating search results when AI is upending the industry is a fool’s errand.

Reason

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Why Jefferies’ Chris Wood, billionaire John Paulson say gold’s long term bull market is just getting started

Despite gold's recent pullback from record highs, Jefferies' Chris Wood and billionaire investor John Paulson believe the long-term bull market is only beginning. They cite central bank buying, weakening faith in fiat currencies and risks from the AI investment boom as key drivers supporting higher gold prices over time.

The Economic Times

Nike shoe scam exposed: 12 charged as insiders and resellers allegedly diverted $2 million worth of footwear using fake UPS labels across the US

Federal prosecutors have charged twelve individuals in a cargo theft scheme. This operation allegedly diverted over two million dollars worth of Nike shoes. The scheme involved placing unauthorized shipping labels on cartons to reroute them. Thousands of fake labels were reportedly used, sending shipments to multiple states. Authorities are seeking…

The Economic Times

US Stock Market: US Treasury's growing reliance on short-term bills sparks debate over borrowing risks

The US Treasury is increasing short-term bill issuance to meet rising funding needs. This strategy aims to rebuild government cash balances and finance seasonal spending requirements. Analysts express concerns about long-term risks from heavy reliance on short-duration debt. Money market funds are absorbing much of this issuance, though demand may…

The Economic Times

'Subprime data center crisis' could threaten the global economy in a way similar to the 2008 subprime mortgage debacle

Analysts warn that hidden AI data center debt increasingly resembles financial structures that contributed to the 2008 global mortgage crisis collapse.

TechRadar

US to impose new tariffs of up to 12.5% on 60 trading partners, including Thailand, on Friday

The United States on Friday will impose new tariffs of either 10% or 12.5% on goods from its top 60 trading partners, including China, Japan and Thailand, officials said, citing their alleged failure to adequately ban the import of goods made with forced labour.

Bangkok Post

Dollar rides yield surge as Middle East and trade wars raise inflation stakes

The dollar strengthened against major currencies on Friday. Rising oil prices and new trade tariffs fueled inflation concerns globally. U.S. Treasury yields climbed significantly, reaching multi-month highs. The yen remained near a 40-year low against the dollar. Investors anticipate central bank decisions amid inflationary pressures.

The Economic Times

Oil’s Surge Sparks Unusually Active Options Bets on Petrobras, Nike, Goldman Sachs and Other 120+ DTEs

Oil's spike toward $100 fueled both bullish and bearish long-dated options activity yesterday among some of the more popular stocks. Even Airjoule's speculative $5 call drew attention from options traders.

Barchart

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Fortune

AI is forcing Big Tech to do something it's never done: Spend more than it earns, and Wall Street hates it

The Mag7 had its worst day Thursday since the tariff-driven selloff last April.

International Business Times

Home Prices Have Reached A Record High. Foreclosures Are Spiking

A new analysis has found that as home prices have continued to rise, so too have foreclosure filings.

Roll Call

AI companies would need ‘kill switch’ under new bipartisan bill

The most powerful frontier artificial intelligence models would need a “kill switch” under new bipartisan legislation released days after a frontier model went rogue to hack another AI company. The bill, introduced Thursday, would also give the Department of Homeland Security new power to order model shutdowns, as AI labs…

Barchart

Elon Musk Just Admitted Optimus Has No Supply Chain, But There Are Still Reasons to Be Optimistic

Tesla’s earnings highlighted the steep cost of building its AI future. Mulk acknowledged Optimus faces major manufacturing challenges despite long-term optimism.

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Saving Advice

Newly Retired Couples Could Lose Nearly $17,000 a Year in Social Security Starting in 2033

Millions of Americans planning to retire within the next decade are facing an uncomfortable question: What if Social Security doesn’t pay full scheduled benefits? A...

Benzinga

Intel Just Reported Earnings. Here's What It Means for the AI Trade.

Earnings season has been heating up. Tesla and Google both reported earlier this week, and Intel Corp. (NASDAQ:INTC) posted its own print after the close yesterday.

Benzinga

SPY Could Be Poised for a Post-Midterm Rally if 70 Years of History Repeats

With the U.S. midterm elections just four months away, investors are bracing for heightened market volatility as Democrats and Republicans battle for control of Congress. While election uncertainty often rattles markets, historical data suggests it has also created compelling entry points for long-term ETF investors.

The Economic Times

US-China AI race is heating up, but these 10 professions are still too expensive for robots to replace - is your job safe?

Jobs safe from AI: Americans perceive China leading in artificial intelligence development currently. However, automating many common jobs proves prohibitively expensive for businesses. Nursing assistants and home health aides are among the most costly roles to automate. Cashiering represents a cheaper automation prospect compared to other professions.

Benzinga

Trump Jr.'s Investment Firm Posts 200% Returns, Helped by Polymarket's Meteoric Rise

Donald Trump Jr.’s investment firm 1789 Capital has reportedly generated returns of roughly 200%, driven partly by an early bet on prediction market platform Polymarket.

Barchart

What You Need To Know Ahead of Sandisk's Earnings Release

Sandisk is expected to announce its fourth-quarter results in August, and analysts predict a significant jump in the company’s bottom-line figure.

International Business Times

SpaceX's Stock Has Tumbled Below Its IPO Price. Short Sellers Betting Against It Are Up Billions

According to data from analytics firm Ortex Technologies, short sellers have continued to increase their bearish wagers against SpaceX even after the stock's steep decline.

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