Wall Street cheers bad news on jobs, sending stocks higher and betting that a soft labor market will force Powell's hand in December

Wall Street cheers bad news on jobs, sending stocks higher and betting that a soft labor market will force Powell’s hand in December

Stocks rose on Wall Street Wednesday as more U.S. companies turn in their latest quarterly reports and several economic updates shed some light on the U.S. economy. The S&P 500 rose 0.5%. The Dow Jones Industrial Average rose 62 points, or 0.1%, as of 11:35 a.m. Eastern time. The Nasdaq composite rose 0.8%. The gains…

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Since ChatGPT launched, job openings have plunged 30% while the stock market has surged 70%—but one economist says the true culprit isn't AI

Since ChatGPT launched, job openings have plunged 30% while the stock market has surged 70%—but one economist says the true culprit isn’t AI

A chart making the rounds on social media has sparked intense debate about the state of the American economy. Since November 2022, when ChatGPT launched, the S&P 500 has surged more than 70% while job openings have plummeted roughly 30%. The juxtaposition has earned the graphic a foreboding nickname: the “scariest chart in the world.”​…

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Hurricane Melissa strengthening rapidly, threatening catastrophic flooding in northern Caribbean

Hurricane Melissa strengthening rapidly, threatening catastrophic flooding in northern Caribbean

KINGSTON, Jamaica — Hurricane Melissa was strengthening rapidly late Saturday, threatening to become a major hurricane and cause catastrophic flooding in the northern Caribbean, including Haiti and Jamaica. Melissa became a hurricane on Saturday, prompting forecasters to issue a hurricane warning for Jamaica, saying it could reach the island as a major storm early next…

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The Chinese Influencer Who Made a Career of Lying Flat

The Chinese Influencer Who Made a Career of Lying Flat

This is Tom Jia. He’s a 28-year-old lifestyle influencer who calls himself a — Tangping, or “lying flat:” It’s a fast-growing lifestyle, rejecting social pressures to overwork and pursue material success. In China, young people face intense pressure to work grueling hours, buy a house and get married. Some are quietly rebelling and choosing to…

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