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As the second half of the year approaches, Wall Street analysts have identified certain stocks that are expected to outperform in the coming months. The S&P 500 has seen significant gains in 2024, with a particular focus on AI-related stocks like Nvidia. Investment firms such as Goldman Sachs, Evercore ISI, and Citi have all raised
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Recent developments have showcased the progress made by the Amazon Labor Union as they become the first group of company workers to unionize at a U.S. warehouse. In a significant move, roughly 98% of ALU members voted to affiliate with the International Brotherhood of Teamsters, marking a crucial step towards collective bargaining and securing better
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As the summer of 2024 kicks off, almost 72 million people across the country have been placed under warnings of extreme heat according to the National Weather Service. Major cities such as Chicago, St. Louis, Indianapolis, Detroit, Cleveland, Cincinnati, Pittsburgh, Philadelphia, Boston, New York City, and Albany, New York are all experiencing these warnings. These
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The U.S. Treasury yields experienced a decline on Friday amid recent data suggesting a decrease in inflationary pressures. Specifically, the 10-year Treasury yield dropped by 3 basis points to 4.211%, while the 2-year Treasury note yield was down by 1 basis point at 4.679%. This movement is in line with the general principle that yields
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The International Energy Agency recently released a report indicating that the surge in global oil production, led by the United States, is expected to surpass demand growth between now and the end of the decade. This forecast paints a picture of unprecedented levels of spare capacity in the oil market, which could potentially disrupt the
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OpenAI recently made headlines by hiring two top executives to join their team. Sarah Friar, previously CEO of Nextdoor and finance chief at Square, has been appointed as the company’s chief financial officer. This move is seen as a strategic decision to bolster the company’s financial capabilities and support its core research capabilities. Friar’s experience
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