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Tesla Revenue from Musk-Linked Firms Nears $890 Million
Tesla reports $890M in revenue from SpaceX and xAI since 2023, with 2025 alone generating $573M.
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S&P 500 Top-Heavy as 10 Stocks Hit Record 41% Market Cap Share; Crypto Echoes the Trend
The S&P 500 is more concentrated than ever, with its ten largest stocks making up a record 41% of its market cap. Bitcoin and Ethereum show similar dominance in crypto.
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Bond Yields Surge, Fed Rate Hike Back on Table
30-year US Treasury yield hits 5.1%, highest since May 2025. Market now sees two-thirds chance of Fed rate hike by Dec 2026.
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Bank of England's Taylor Warns UK Economy Weak, Rates Too Restrictive
BoE's Alan Taylor argues rates are 100 basis points too high, urging aggressive cuts even as supply shocks persist.
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Standard Chartered to Cut 7,500 Jobs, Replace Them with AI by 2030
Standard Chartered plans to eliminate over 15% of corporate roles, replacing workers with AI in risk, compliance, and HR by 2030.
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Wall Street Banks Under Fire for Underwriting CATL IPO Despite Pentagon Warning
JPMorgan, Bank of America face subpoenas after helping Chinese battery giant CATL raise $5.2B post-military designation.
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Nvidia Beats, Stock Drops: BofA Says Buy the Dip
Nvidia reports record Q1 revenue of $81.6B, but stock falls. Bank of America reiterates buy with a $350 target, citing a massive AI market.
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Child Care Costs Force Young Parents to Sacrifice Retirement Savings
A new survey shows cost of living pressures are forcing Canadian parents to reduce savings, pause investments, and take on debt, impacting long-term retirement plans.