Mobile millennial millionaires pose threat to wealth managers – The Financial Times
Half of rich millennials moved their principal tax residence last year or intend to do so this year, adding to the challenge faced by wealth...
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Why this leading AI CEO is warning the tech could cause mass unemployment – CNN
The chief executive of one of the world’s leading artificial intelligence labs is warning that the technology could cause a dramatic spike in unemployment in...
U.S. Services-Sector Activity Unexpectedly Contracts as Tariffs Raise Uncertainty – WSJ
Activity among U.S. services firms sank unexpectedly in May, pointing to mounting uncertainty and price pressures for businesses prompted by President Trump’s tariff policies. The...
ECB to Cut Rates as Trade Mess Weighs on the Economy – Bloomberg
The European Central Bank is set to lower interest rates for an eighth time as President Donald Trump’s jolts to global trade dim the prospects...
Why investors lack a theory of everything – The Economist
If there was to be some cataclysm, and he could preserve just one sentence for future scientists, Richard Feynman would have made it about atoms....
Bank of Canada Holds Rate Steady as Economy Softens, Inflation Accelerates – WSJ
The Bank of Canada left its main interest rate unchanged, at 2.75%, saying the economy has softened but not deteriorated, and inflation has picked up...
America’s tax on foreign investors could do more damage than tariffs – The Economist
America needs foreign investors, and foreign investors need America. Yet clauses buried in the Republican budget bill in Congress are a threat to this crucial...
Economists Raise Questions About Quality of U.S. Inflation Data – WSJ
Some economists are beginning to question the accuracy of recent U.S. inflation data after the federal government said staffing shortages hampered its ability to conduct...
Global economy set for weakest growth since Covid, OECD warns – The Financial Times
The global economy is heading into its weakest growth spell since the Covid-19 slump as President Donald Trump’s trade war saps momentum in leading economies...
Euro zone inflation falls to cooler-than-expected 1.9% in May, below ECB target – CNBC
Euro zone inflation fell below the European Central Bank’s 2% target in May, hitting a cooler-than-expected 1.9% as the services print eased sharply, flash data...