Bernie Sanders Bill Would Seize 50% of Top AI Firms' Stock
Sen. Bernie Sanders, I-Vt., said he will introduce legislation in the coming weeks to give the federal government a 50% ownership stake in the largest American artificial intelligence companies, financed not by a tax but by a one-time levy paid in the firms' own...
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Service Sector Expands, But Business Costs Climb
U.S. services sector activity picked up in May as businesses preemptively placed orders and rebuilt inventories in anticipation of shortages and higher prices because of the war with Iran.
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Private payrolls grew by 122,000 in May, stronger than expected, ADP reports
Unlike prior months, where job growth was concentrated in healthcare and a few other sectors, gains were more broad-based.
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U.S. proposes fresh tariffs on 60 economies over forced labor trade practices
USTR has proposed a 10% duty rate for economies that have adopted a full or partial prohibition on forced labor trade, and 12.5% for all other economies.
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U.S., Iran intensify attacks as ceasefire frays, peace talks stall
The regional conflict has hardened into a stalemate as the U.S. and Iran failed to turn a fragile ceasefire into a lasting peace deal.
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Job Openings Rise by 731K, the Most Since 2021
U.S. job openings increased by the most in five years in April, but the surge likely overstates the labor market's health, as hiring declined against the backdrop of economic uncertainty stemming from the Iran war.
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