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PSX Nova: Inside the Engine Quietly Rewiring How Modern Organizations Move
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Michael Burry Shuts Down Scion Asset Management as AI Market Euphoria Peaks
Michael Burry — the contrarian investor made famous by “The Big Short” — is closing Scion Asset Management, marking a dramatic retreat from public markets at a time when valuations in major U.S. technology companies have surged to historic extremes.…
South Korea Pauses Flights and Markets as 500,000 Students Take High-Stakes University Exam
South Korea’s economy slowed down on Thursday—not because of markets, inflation data, or global risk sentiment, but because more than 550,000 students sat for the country’s notoriously high-stakes university entrance exam, the Suneung. The test, which has the power to…
OPEC Signals Balance Ahead as Oil Prices Slide: A Market Recalibrates
The oil market felt the tremor before the words fully landed. On Wednesday, prices sank more than $2 a barrel after the Organization of the Petroleum Exporting Countries (OPEC) forecast that global oil supply will match demand by 2026, signaling a new equilibrium…
Markets Brace for December Rate Cut as Fed Confronts Fragile Labor Market
The U.S. Federal Reserve is expected to deliver another interest rate cut in December, extending its effort to stabilize a slowing economy under the strain of a weakened labor market and a historic government shutdown that has clouded official data.…
Dow Breaks Records as Investors Shift Focus Beyond Tech
Wall Street’s momentum turned mixed on Wednesday, with the Dow Jones Industrial Average closing at a record high even as the Nasdaq slipped, revealing a rotation out of technology and into sectors more grounded in the real economy. Investors appeared to take confidence…
Fear and Commerce: How Immigration Raids Are Reshaping Hispanic Retail in America
In Newark’s Ironbound district, the hum of commerce has quieted. At Rosa Ludena’s small electronics store, shelves of phone cases hang untouched while foot traffic dwindles. For Ludena — a U.S. citizen who emigrated from Ecuador — the reason is…
The Shutdown Vote: Washington Nears an End to the Longest Fiscal Stalemate in U.S. History
The U.S. House of Representatives is preparing to vote on a bill that would end the longest government shutdown in American history, a 43-day standoff that has rippled through federal agencies, disrupted air travel, and strained millions of households. With a narrow…
Market Reversal: Wall Street Rethinks AI as Valuation Fears Ripple Through Tech
NEW YORK — Wall Street’s long-running infatuation with artificial intelligence hit another pause on Tuesday as investors pulled back from big technology names, sending the S&P 500 and Nasdaq into the red amid renewed doubts about whether AI’s profits can…