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By A.I. and Staff Reporters
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- Technology: Fears of an A.I. bubble continue to climb after MIT published a report that 95% of companies using generative A.I. programs have nothing to show for it, despite pouring billions of dollars into this space.
- Stocks: Another day of technology stocks selling off pulled the S&P 500 and NASDAQ lower yesterday, with investors rotating out of some of the hottest names and sectors in the market.
- FOMC Drama: President Trump demanded the resignation of Fed Governor Lisa Cook for allegations of mortgage fraud. Meanwhile, the minutes from the July FOMC meeting revealed a growing divide between central bankers.
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Filed under: "Ask-an-Advisor", Financial Planning, Glossary Terms, Information Technology, Investing, Portfolio Management | Tagged: AI, fed, Federal Reserve, FOMC, Lisa Cook, MIT, NASDAQ, S&P 500, stocks, Technology, Trump |
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