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Wall Street bull
Wall Street bull
  • Second-quarter dealmaking returns were higher than expected, but Wall Street is still nervous.
  • A cloud of uncertainty that started this year hasn't retreated, slowing bank hiring.
  • Some banks have continued with layoffs, including Goldman Sachs and Barclays.

Dealmaking is back. Hiring? Not quite.

Big banks wowed investors last month when they reported be


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Shoppers browse at Wayfair's first store in Chicago
Shoppers browsing.
  • US consumers are facing rising costs due to new import tariffs.
  • Importers and foreign exporters have absorbed most costs so far, with American firms bearing the brunt.
  • But consumers may absorb 67% of tariff costs by October, according to Goldman Sachs.

American consumers are beginning to feel the pinch from the US's latest wave of import tariffs, and


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Couples' hands on top of a computer mouse.

Caelan Hughes tried online dating while living in New York for eight years and tells me it was "a nightmare," with each date bringing the pressure of high romantic expectations. In 2022, she moved back to her home state of Hawaii to take a job at a local news station, which also brought her back into the office. At first, she was reluctant to trade her cozy work-from


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Empty Desks

In June, Amazon CEO Andy Jassy had a blunt message for his 350,000 corporate employees: There were going to be fewer of them in the near future, thanks to the "efficiency gains" he expected from AI. The proclamation generated big headlines and an uproar from staff. But it struck me as merely honest. He was acknowledging something that pretty much every CEO who sits atop a large white


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