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NEW YORK (Reuters) -Tech stocks led declines on Wall Street, with worries about AI spurring debates about its future. The Nasdaq Composite dropped 2.2% over the last two days, the worst two-day fall since August 1st. The semiconductor index was down 1.4% , while the information technology sector was the second biggest decliner in the S&P 500, sliding 1% on Wednesday. Market participants attributed the selloff to a range of factors including a technical pullback after driving much of the stock market’s recovery in the weeks after the April 2nd “Liberation Day.” Aside from AI concerns, analysts also cited deepening…

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Through a unique local partnership with the city of Arcata, the University purchased 428 verified carbon credits from the Arcata Community Forest, neutralizing emissions from 100% of directly financed air travel, 100% of reimbursed personal vehicle use for University business, and 20% of study abroad air travel in the 2024–25 fiscal year.Carbon offsets are certificates representing the removal of one metric ton of CO2e, verified through independent standards such as the Climate Action Reserve, a carbon credit registry. The City of Arcata is able to generate credits by managing 2,350 acres of sustainably managed redwood forest in ways that increase carbon…

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The Federal Reserve indicated that inflation risks remain “considerable” due to the uncertain impact of new trade tariffs, casting fresh doubt over imminent interest rate cuts, according to the July Federal Open Market Committee minutes released Wednesday.Despite signs of a labor market slowdown, a majority of Fed officials voted to keep the federal funds rate unchanged at 4.25%-4.50%, citing concerns that “tariff effects were becoming more apparent in the data,” particularly in goods inflation, while services inflation continued to ease.Two Dissenters Pushed For A CutFor the first time since 1993, the Fed saw two dissenters — Governors Michelle Bowman and…

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The Employees’ Provident Fund Organisation (EPFO) has recorded an all-time high net addition of 21.89 lakh members in June 2025, the highest since payroll data tracking began in April 2018, marking a 9.14 per cent rise in net payroll additions compared to May 2025 and a year-on-year growth of 13.46 per cent from June 2024, reflecting increased employment opportunities and heightened awareness of employee benefits. New subscribers surge, youth lead payroll growth EPFO enrolled around 10.62 lakh new subscribers in June 2025, a 12.68 per cent increase over May 2025 and a 3.61 per cent rise compared to June 2024.…

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Aug. 20 (UPI) — President Donald Trump has bought at least $103 million of corporate and municipal bonds since he took office in January, new filings from the Office of Government Ethics show. The documents were released Tuesday night and show that the president began the buying on Jan. 21, one day after being sworn in. The 690 purchases include debt sold by companies, local governments and entities that could be affected by his agenda. Active trading by a president of the United States has never happened before, as they usually divest or put their holdings into a blind trust…

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The first year of retirement is when dreams meet reality. For many new retirees, it’s also when costly financial mistakes can set the stage for decades of money problems. Aaron Channing has seen these mistakes firsthand. As a partner and private wealth advisor at Fortivus Wealth Group, a Northwestern Mutual Private Client Group, he works with clients navigating the transition from earning to spending their nest eggs. Be Aware: 6 Key Signs You’ll Run Out of Retirement Funds Too Early Read Next: 9 Downsizing Tips for the Middle Class To Save on Monthly Expenses The mistakes he sees aren’t just…

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The race to dominate the autonomous ride-hailing market is heating up. Waymo, Alphabet’s self-driving subsidiary, is not only pushing ahead with new technology but also proving its robotaxis can outperform most human drivers on Uber’s platform. The company has now deployed its sixth-generation vehicles for testing in Philadelphia, marking a key step in its Northeast expansion. Waymo Robotaxis Outpace 99% of Uber Drivers in Q2 Surge During Uber’s second-quarter 2025 earnings call, CEO Dara Khosrowshahi shared a striking update: Waymo robotaxis operating on the platform in Austin and Atlanta were more productive than 99% of Uber’s human drivers. These vehicles…

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The demand for home loans decreased 1.4% for the week ending Aug. 15, according to the Mortgage Bankers Association. This dip comes after two straight weeks of mortgage applications increasing.The decrease comes despite mortgage interest rates dropping to their lowest in 10 months. The average rate on a 30-year fixed home loan was 6.58% for the week ending Aug. 14, according to Freddie Mac. That number was down again from 6.63% the prior week.The Market Composite Index, a measure of mortgage loan application volume, decreased 1.4% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the…

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