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Puma shares rocked by profit warning. Tariffs are the least of its problems.
1753429020 from MKTWATCH
Puma shares lost nearly a fifth of their value as the German apparel maker cited “muted brand momentum,” U.S. tariffs and elevated inventories as reasons why it’s now forecasting a loss on the year.
Fed’s Cook says the central bank is using AI in all these ways, but not for setting policy
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One Fed paper found LLMs have a surprisingly good understanding of the economic topics discussed in the Fed’s minutes, while another looked at using machine learning to forecast financial crises, Cook said.
Customers were already tipping less. ‘No taxes on tips’ could shrink workers’ pay even more.
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Tipped workers will now be able to deduct tips from their taxable income each year — but some workers, analysts and advocates remain skeptical about the extent to which people will actually benefit.
‘American Horror Story’ actress Sarah Paulson lists $3 million Hollywood home, after selling Malibu trailer for $1.45 million
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Paulson is preparing to part ways with her longtime Los Angeles abode, putting the midcentury modern Hollywood Hills home on the market for $3 million.
Three crypto bills approved by the House. Why investors are hopeful.
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U.S. crypto investors moved a step closer to getting more regulatory clarity after the House of Representatives voted to advance three pieces of crypto-related legislation on Thursday, with one of them expected to be singed into law soon.
Fed’s Waller says labor market is weaker than it looks, justifying interest-rate cut this month
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Federal Reserve Governor Christopher Waller on Thursday laid out the argument he is going to make in two weeks to his central bank colleagues — cut interest rates now because the labor market is weaker than you think, and inflation from higher tariffs isn’t a worry.
Why these homeowners say the 15-year mortgage is the most underrated offering in real estate right now
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In an era of higher-than-normal inflation and 7% mortgage rates, a small group of homeowners are finding relief in 15-year mortgages, which often come with lower interest rates.
Retail sales snap back after tariffs are dialed down. Economy still expanding at decent pace.
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Sales at retailers rebounded in June after the White House dialed back high U.S. tariffs, as consumers temporarily shrugged off the trade wars and spent more on cars, clothes, do-it-yourself projects and dining out.
China may be secretly stockpiling gold. Why that spells trouble for the U.S. dollar.
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China’s central bank has been buying physical gold to add to its reserves for at least the last three years  – and there’s growing speculation that the country may be purchasing even more of the metal in secret as part of a strategy to reduce its reliance on the U.S. dollar.
Don’t fade the stock market yet, says former Goldman tactical strategist now at Citadel
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Scott Rubner, a former Goldman Sachs tactical strategist now at Citadel Securities, said it’s too soon to fade the stock market given factors including corporate stock buybacks — but it’s getting late.
U.K. chancellor’s troubles shows it’s hard to implement the austerity that Musk and Dalio want
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Prime Minister Keir Starmer on Wednesday declined to say Chancellor Rachel Reeves would be in her position through the next election, when asked by Conservative leader Kemi Badenoch.
Constellation Brands says ‘socioeconomic headwinds’ are hurting beer sales, amid immigration crackdown
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Shares of Constellation Brands fell after hours on Tuesday after the beer and wine maker forecast better-than-expected profits but said “socioeconomic headwinds” had hit beer demand.
I hired a ‘combative, controlling and extremely self-centered’ assistant. How do I deal with her — and avoid nightmare hires like this in the future?
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How do I deal with an employee like this who hasn’t technically “done” anything actionable? How do I navigate feeling sorry for someone and hating them (both personally and professionally) at the same time?