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BREAKING NEWS
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Nvidia plans to invest $5 billion in chipmaker Intel as the two Big
Tech companies have agreed to co-develop data center and PC chips. The news comes on the heels of the U.S. government acquiring a 9.9% stake in Intel via an $8.9 billion investment in the company last month. |
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MORE FROM QUARTZDon’t expect mortgage rates to drop amid any Fed cuts. Recent drops in home loan rates have come from weaker economic data and falling Treasury yields, not central bank policy.
Student loan borrowers are falling behind at record levels. More than six million are now delinquent, driving average credit scores down nearly 70 points and leaving Gen Z hit hardest since payments resumed.
S&P 500 notched a record as Wall Street bets on rate cuts. Analysts are betting on breaking 7,000 by year-end even as a weakening labor market fuels a paradoxical “jobless expansion.”
TikTok gets more breathing room in Washington. Despite earlier rumblings of a deal, the U.S. pushed the deadline for a sale till mid-December — and big-time buyers are already lined up.
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SPONSORED |
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It’s not tech stocks or crypto… it’s gold |
Gold is up 40% this year, reminding investors why it’s long been a safe bet in uncertain times. Now, with markets on edge, more investors are adding gold to diversify and protect their portfolios. |
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