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Pain is coming for 2 sectors as high rates cut off the ‘lifeblood’ of easy leverage, billionaire Oaktree founder Howard Marks says

Tighter lending could weigh heavily on private equity and real estate, according to Howard Marks. Those sectors are highly leveraged,…
Finance

High inflation is largely not Biden’s or Trump’s fault, economists say

Inflation decelerated again in June, bringing further relief to consumers’ wallets. The consumer price index rose 3% in June 2024…
Finance

These 3 stocks are set to bounce once the Fed finally lowers interest rates

Science & Technology

Freeze-drying turned a woolly mammoth’s DNA into 3-D ‘chromoglass’

Beef jerky and some woolly mammoths have at least one thing in common: Drying turns their DNA into super-tough glass.…

Buy Costco stock as shares are poised to rally 12% after the company raises membership fees for the first time since 2017

Costco stock has 12% upside after raising its annual membership fees for the first time since 2017, according to Bank…

The inflation report is great news for the prospect of a rate cut

US stocks edged higher into record territory after inflation cooled more than expected in June. The 10-year Treasury yield dropped…
Finance

Investors grow concerned AI isn’t being adopted fast enough to justify the hype, says Goldman Sachs

Politics

Biden ‘needs to drop out’ campaign official says, more Democrats in Congress agree

President Joe Biden “needs to drop out” of the 2024 election race, a Biden campaign official told NBC News, as…
Science & Technology

Landfills belch toxic ‘forever chemicals’ into the air

What’s dumped into a landfill is supposed to stay there, but a new study finds that toxic “forever chemicals” are…
Economy

Inflation falls 0.1% in June from prior month, helping case for lower rates

The monthly inflation rate dipped in June for the first time in more than four years, providing further cover for…