ChatGPT frenzy continues to lift artificial intelligence stock SoundHoundAI as it soars 300% in the last month

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Artificial intelligence AI

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Central banks need to push back against investor optimism to ensure price stability, IMF says, even if that means declines in stocks

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Federal Reserve Chair Jerome Powell
Federal Reserve Board Chairman Jerome Powell speaks during a news conference after a Federal Open Market Committee meeting on December 14, 2022 in Washington, DC. The Federal Reserve announced that it will raise interest rates by a 0.5 percentage point to 4.5.

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Nobel economist Paul Krugman says doomsday economic predictions were wrong, and the Fed risks a recession if it tries to respond to 'imaginary' stagflation

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Paul Krugman

BI

US stocks slip as investors brace for Fed Chair Jerome Powell's speech

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Powell
Jerome Powell.

Reuters/Joshua Roberts

'Big Short' investor Steve Eisman rings the alarm on the tech-stock rally and slams bitcoin as pointless in a new interview. Here are the 10 best quotes.

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eisman
Steve Eisman (left) and Steve Carell in "The Big Short."

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The Iranian armada of 'ghost' ships carrying Russian oil is growing, evading the intensifying Western sanctions on Moscow crude

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Oil Gas Tankers
Oil and gas tankers are anchored off the Marseille harbour, southeastern France, October 27, 2010.

REUTERS/Jean-Paul Pelissier

The odds of the US slipping into recession are now just 25% thanks to a surge in jobs, Goldman Sachs says

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shutting down business in recession US
The odds of a US recession have shortened, Goldman Sachs said.

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Biden will revive the billionaire minimum tax and call for a big jump in stock buyback tax in his State of the Union speech

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Joe Biden
President Joe Biden is due to give his second State of the Nation address Tuesday.

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Baidu stock jumps 15% as the Chinese internet giant says it's readying its answer to ChatGPT

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Baidu
Baidu chairman and CEO Robin Li speaks during the 2018 Baidu World conference in Beijing, Thursday, Nov. 1, 2018.

Mark Schiefelbein/AP Photo

Adani says it will repay over $1 billion in debt ahead of schedule in a bid to halt stock-market rout

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Art school teacher Sagar Kambli gives final touches to a painting of Indian businessman Gautam Adani highlighting the ongoing crisis of the Adani group in Mumbai on February 3, 2023.
A painting of Indian businessman Gautam Adani.

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