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The Swap Market Says Treasury and AI Debt Is Not a Problem

I’m spending a lot of time thinking about high interest rates, both for obvious reasons and because I’m reconsidering some of my own long-held views. So I thought I’d have a long talk with someone who has really studied…

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Vape prices to rise as new tax takes effect

The price of vapes is set to rise as a new tax comes into effect, with the aim of making vaping less attractive to children and young people.

World

Softer-Than-Feared US Inflation Despite Robust Spending

U.S. inflation rose less than expected in August, while consumer spending remained strong in Washington. The softer price data reduced urgency for another October Federal Reserve rate hike, though one by year-end remain…

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Higher Yields Flipped the Math in the Investors’ Favor

During the COVID-19 pandemic-era boom, it almost seemed reckless not to invest in real estate. Low mortgage rates and sustained demand for rentals and fix-and-flip properties delivered tidy returns for investors on a fa…

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UK Q2 GDP beats forecasts as services and exports drive growth

Since Labour took office over a year ago, Britain’s economy has delivered mixed signals. Growth briefly surged early in 2025 but has since stalled, inflation remains stubbornly high, and government debt has soared to ne…

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Chinese AI tool told researchers how to make bioweapons

Chinese AI developer Moonshot is conducting an internal review after researchers were able to persuade two of its popular Kimi models to tell them how to make biological weapons and carry out assassinations.

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Sentiment Slides Again, Yet US Consumers Keep Spending

For years, a household budget had a little give. A slightly higher electric bill one month could be absorbed by a slightly cheaper grocery run the next. That cushion is gone for most U.S. consumers, and the bills doing …

World

Wednesday’s PCE Inflation Report May Boost Fed Hike Bets

Gold prices reversed course and edged higher on Thursday after a ​U.S. inflation reading was ​largely in line with expectations, ​easing some concerns about imminent Federal Reserve rate hikes and pushing the dollar and…