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[ad_1] Jim Caron said the investor concern implied by rising bond yields is overdone.Yields on US Treasurys spiked this past week in response to President Donald Trump’s tax bill.The Morgan Stanley strategist said the fiscal deficit has long been a well-known issue.The recent surge in US bond yields is overblown, said a chief investment officer at Morgan Stanley.He’s referring to yields on 10- and 30-year US Treasurys, which rose as high as 4.6% and 5.2%, respectively, this past week. The increases came after the decision by Moody’s to downgrade its rating on US debt on May 16, and accelerated in…

[ad_1] Lane Creatore realized she was sitting on an untapped gold mine: her closet.Her closet was full of viral pieces, many of them hardly worn and taking up space in her tiny New York City apartment. Instead of letting those clothes collect dust, Creatore turned to renting them out online.The 31-year-old fashion blogger is one of the thousands of women who rent their clothes on the app Pickle to the city’s fashionably desperate — maybe they need a dress for a wedding, or are just itching to wear an item but don’t want to pay the full price. In good…

[ad_1] Teens should consider learning AI tools now or risk falling behind, Google DeepMind CEO Demis Hassabis says.Just as millennials had the internet and personal computers and Gen Z had smartphones and tablets, generative AI is the transformative technology of Gen Alpha’s time — and they should embrace it, the AI leader said on a recent episode of “Hard Fork,” a podcast about the future of technology.”Over the next 5 to 10 years, I think we’re going to find what normally happens with big new technology shifts, which is that some jobs get disrupted,” he told co-hosts Kevin Roose and…

[ad_1] McDonald’s franchise owner Scott Rodrick says his business has experienced ‘cost pressure’ since California’s minimum wage increase targeting fast food franchises on ‘Maria Bartiromo’s Wall Street.’ McDonald’s is extending its operating hours at most U.S. locations starting this summer amid an earlier decision to hire more than 300,000 workers. The fast food chain will keep stores open until midnight or later, although restaurants in airports, shopping malls or other areas that prohibit extended operating hours are excluded from the change.”Our fans know there’s no better way to end an unforgettable night than by feasting on your favorite McDonald’s order,”…

[ad_1] Boeing CEO Kelly Ortberg and Larry Culp, CEO of GE Aerospace thanked President Trump for helping broker a $96 billion historic order from Qatar Airways. Sens. Elizabeth Warren, D-Mass., and Richard Blumenthal, D-Conn., called for Boeing to be prosecuted by the Department of Justice on Friday in connection with a criminal fraud case involving deadly crashes in recent years. The Democratic senators also asked that the DOJ reject a tentative deal that would keep the plane manufacturer from pleading guilty.Boeing has been accused of misleading regulators about its 737 MAX jet ahead of two crashes that killed a total…

[ad_1] Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The writer is an FT contributing editorThis month the Federal Reserve decided it would cut its own workforce by a tenth over the next several years. The move has been reported as a way to find savings at the Fed before the so-called Department of Government Efficiency knocks on the door. That may be right, but the Fed has another problem it doesn’t like to talk about: it’s operating at a loss. On purpose.When a commercial bank lends you money, it’s…

[ad_1] Venture capitalists have always focused on investing in companies that leverage technology to either disrupt established industries or create entirely new business categories. But some VCs are starting to flip the script on their investing styles. Rather than funding startups, they are acquiring mature businesses — such as call centers, accounting firms, and other professional service firms —and optimizing them with artificial intelligence to serve more customers through automation. This strategy, often likened to private equity roll-ups, is being employed by firms such as General Catalyst, Thrive Capital, and solo VC Elad Gil. General Catalyst, touting this as a…

[ad_1] Treasury Secretary Scott Bessent joins ‘America’s Newsroom’ to discuss a possible 50% tariff on the European Union, a 25% tariff on Apple, possible Senate changes to Trump’s ‘big, beautiful bill’ and the push to modernize the IRS. President Donald Trump’s “big, beautiful bill” cleared the House and is making its way through the Senate.  Still, critics point out the bill, which is over 1,000 pages, will add trillions to what is already ballooning government debt hovering at $36 trillion and deficits. However, U.S. Treasury Secretary Scott Bessent believes this can be managed. “We think that we can both grow the…

[ad_1] Mistral AI, the French company behind AI assistant Le Chat and several foundational models, is officially regarded as one of France’s most promising tech startups and is arguably the only European company that could compete with OpenAI. But compared to its $6 billion valuation, its global market share is still relatively low.  However, the recent launch of its chat assistant on mobile app stores was met with some hype, particularly in its home country. “Go and download Le Chat, which is made by Mistral, rather than ChatGPT by OpenAI — or something else,” French president Emmanuel Macron said in…

[ad_1] (Check out Carter’s worthcharting.com for actionable recommendations and live nightly videos.) The encouraging recent price action in beaten-down beverage company Celsius Holdings (CELH) is important and bullish, by our work. Some would characterize the current CELH circumstance as a stock that’s basing — and so it is. Others would characterize the current CELH circumstance as a rounding bottom — and so it is. As long-time readers will know, the nomenclature of Worth Charting characterizes the current set-up in a stock like CELH as a ” bearish-to-bullish” reversal BUY. The two identical charts below show a heretofore bearish stock in an…