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Americans Drain Savings Cushion as Stubborn Inflation Eats Paychecks
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Americans Drain Savings Cushion as Stubborn Inflation Eats Paychecks

U.S. personal savings rate plunged to 2.6% in April 2026, its lowest in nearly four years, as 3.8% inflation outpaced wage growth. Households draw down reserves to sustain spending on essentials, complicating Fed policy and raising risks of further…

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Jensen Huang’s Trillion-Dollar Bet: Why Hyperscalers Keep Pouring Billions Into AI
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Jensen Huang’s Trillion-Dollar Bet: Why Hyperscalers Keep Pouring Billions Into AI

Nvidia CEO Jensen Huang argues hyperscalers' AI capital spending, already near $700 billion this year, will climb toward trillions annually. Strong ROI, the shift to agentic systems, and 1,000x greater compute needs than classical systems drive continued…

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Powerful A.I. Super PACs Duel Over the Midterms: ‘This Is a War’
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Powerful A.I. Super PACs Duel Over the Midterms: ‘This Is a War’

NYT > Top Stories·Theodore Schleifer·4 months ago
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One is allied with Anthropic. The other is tied to OpenAI. They’re both spending millions to influence the midterms, and they’re leaving a trail of fearful candidates and canceled ads in their wake.

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US will no longer bankroll wealthy NATO members – Hegseth
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US will no longer bankroll wealthy NATO members – Hegseth

RT - Daily news·4 months ago
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#rt#defense#military#nato#members#spending

The US secretary of war says America will stop subsidizing wealthy NATO members amid disputes over military spending and the Iran war

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Iran war cost: Average U.S. household paying $450 more on gas and energy
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Iran war cost: Average U.S. household paying $450 more on gas and energy

US Top News and Analysis·4 months ago
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Higher energy costs can force consumers to raid their savings and lean more on debt to cover expenses.

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Uber burned through its entire 2026 AI budget in four months and has little to show for it
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Uber burned through its entire 2026 AI budget in four months and has little to show for it

Uber has increasingly positioned AI as a core part of its technology stack, and AI models now represent a significant portion of its corporate spending. Costs are rising, but the company has yet to see meaningful returns in terms of ROI.…

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