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Half of College Graduates Are Working High School Level Jobs

A new report found that 52% of students who recently obtained a bachelor’s degree are underemployed and this impacts how money much they’ll make in their careers. Your first job after college is more important than you might think. Roughly 52% of recent college...

Mortgage rates rise to 6.9% in third-straight increase

Mortgage rates climbed for the third week in a row, inching closer to 7%. The 30-year fixed-rate mortgage averaged 6.90% in the week ending February 22, up from 6.77% the previous week, according to data from Freddie Mac released Thursday. A year ago, the average...

Canada Retail Sales Drop 0.4% in Sharp Spending Pullback

Canadian consumers sharply pulled back their spending in January after stronger-than-expected retail purchases at the end of last year. Receipts for retailers fell 0.4%, the biggest decline since March 2023, according to an advance estimate from Statistics Canada...

Mexico Economy Stalls, Bolstering March Rate Cut Forecasts

Output expanded 0.1% in fourth quarter from previous quarter Mexico has held out against region rate-cutting trend Mexico’s economy barely grew in the fourth quarter, bolstering the chances that the central bank will join the regional trend for interest rate cuts as...

Google Suspends AI Tool’s Image Generation of People After It Created Historical ‘Inaccuracies,’ Including Racially Diverse WWII-Era Nazi Soldiers

After critics slammed Google‘s “woke” generative AI system, the company halted the ability of its Gemini tool to create images of people to fix what it acknowledged were “inaccuracies in some historical image generation depictions.” Google’s Gemini, formerly known as...

Greed Returns to China’s Stock Market as Policy Buoys Confidence

Investors in Chinese equities are becoming increasingly greedy as efforts by policy makers to stabilize the stock market gave a boost to confidence. The so-called Fear and Greed indicator, a measure of buying strength versus selling strength, for the CSI 300 Index...

China ‘Quant Quake’ Resembles 2007 US Meltdown, Man Group Says

China quant funds have drawn regulatory scrutiny recently China’s CSI 300 index reached five-year low earlier this month China’s equity rout a few weeks ago was exacerbated by quantitative funds stampeding to exit positions, akin to a 2007 episode in the US when such...

China Freezes Accounts of Quant Fund After It Dumped Stocks

Ningbo Lingjun sold $360 million of stocks withn a minute The selling is deemed ‘abnormal’ behavior by exchanges China’s two main stock exchanges froze the accounts of a major quantitative hedge fund for three days after the money manager dumped 2.57 billion yuan...

Stocks Pause Near Record as Traders Await Catalyst: Markets Wrap

Oil falls from three-week high; iron tumbles on China worries US markets closed; S&P 500 and Nasdaq 100 futures gain 0.3% Stocks and US equity futures were steady in muted trading as investors awaited fresh catalysts after a week that saw the S&P 500 breach...

Nintendo Sinks After Game Makers Say Switch 2 Pushed to 2025

Anticipation was mounting for Switch successor debut this year Nintendo has said current Switch remains its main business Nintendo Co. shares tumbled by as much as 8.8% after game-makers were told the company was pushing back the launch of its Switch successor to the...