Mortgage rates shoot higher after Fed Chairman Powell’s comments

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Mortgage rates moved decidedly higher after Federal Reserve Chairman Jerome Powell moved up his timeline for raising rates and tapering asset purchases.

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Wall Street pushes out rate-cut expectations, sees risk they don’t start until March 2025

Experts now see the Fed waiting until at least September and are increasingly entertaining the possibility of no cuts at all this year.
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April 18, 2024

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Baidu releases new AI tools to promote application development

One year after Chinese tech firm Baidu released its ChatGPT-like Ernie bot, the company announced tools to encourage locals to develop AI applications.
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Goldman Sachs names 4 global defense stocks to watch as geopolitical risks rise

Several countries have been beefing up their defense budgets in light of mounting geopolitical tensions. Goldman names European stocks to play the theme.
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April 18, 2024

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Tesla is laying off 285 employees in Buffalo, New York as part of a broad restructuring

Earlier this week, Tesla CEO Elon Musk sent a memo company-wide saying that the automaker would be reducing more than 10% of its global workforce.
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