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Goldman Sachs is intensifying the debate around artificial intelligence and its impact on the labor market, estimating that AI could displace up to 15 million U.S. workers over the next decade. The projection, presented by economist Joseph Briggs, is based on a scenario where AI delivers a 15% productivity
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Bending Spoons’ $18B Nasdaq debut is a reminder that you can build massive outcomes by systematically reducing luck’s role in your trajectory and doubling down on operational excellence and AI-driven product execution. Headquartered in Milan, the 13-year-old company has quietly spent the past decade acquiring underperforming
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Ashton Kutcher is stepping away from Sound Ventures, the firm he co-founded with Guy Oseary more than a decade ago, to launch a new venture capital firm alongside Morgan Beller, a former general partner at NFX and partner at Andreessen Horowitz. While the name and structure of the new
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Micron reported a record fiscal third quarter on June 24, generating approximately $41.46 billion in revenue and achieving a GAAP gross margin of about 84.6%. Management also guided for even higher revenue and margins in the upcoming quarter. The company stated that its high-bandwidth memory (HBM) capacity
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SpaceX completed the largest IPO in history, debuting on June 12 at a price of $135 per share. The offering raised approximately $75 billion and pushed the company’s public valuation into the low-trillion-dollar range. The stock quickly surged to around $225 on strong early demand before pulling
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Federal financial disclosures filed for 2025 show that President Trump reported at least $1.4 billion in crypto-related income, primarily from ventures including the Official Trump memecoin and World Liberty Financial. Blockchain analytics firm Nansen reports that, as of the end of June, approximately 988,905 wallets that purchased
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Argentina is experiencing a renewed wave of dollarization as recent currency movements reignite pressure on the peso and test the credibility of the government’s stabilization strategy. A roughly 6.5% depreciation in June has been interpreted by market participants as an early stress test for the current exchange-rate
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A Paris administrative appeals court has ordered a €22.5 million tax reassessment against Bernard Arnault, chairman and CEO of LVMH, and his wife, in a ruling dated July 2, 2026. The reassessment includes €12.96 million related to additional income tax and social charges for the 2010 fiscal year,
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Bitcoin rebounded above $62,000 after a combination of renewed institutional demand and softer macroeconomic data shifted market sentiment in favor of risk assets. On July 2, U.S. spot Bitcoin ETFs recorded $221.7 million in net inflows, breaking a 10-day streak of outflows. This reversal forced ETF
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The U.S. Department of the Treasury officially launched the “Trump Accounts” program on July 4, 2026, introducing a new long-term savings mechanism designed to promote wealth accumulation from birth. The initiative provides a one-time $1,000 government-funded investment for every U.S. citizen born between 2025
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OpenAI has held discussions with the U.S. administration about transferring around 5% of its shares to a public investment vehicle modeled on sovereign wealth funds such as the Alaska Permanent Fund, with the aim of allowing citizens to directly share in the economic upside from artificial intelligence. With a