Trends Journal

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MARKET OVERVIEW12 hrs

Last week’s renewed fighting along the Persian Gulf boosted oil prices, leaving investors uncertain.

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THE NEW RICH REDEFINE LUXURY SPENDING12 hrs

In the past, old wealth spent big on five-figure dresses and Coach leather goods.

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U.S. TECH COMPANIES HAVE DUMPED 140,000 WORKERS THIS YEAR12 hrs

U.S. tech companies, large and small, have laid off about 140,000 workers so far this year as spending on AI infrastructure is approaching $1 trillion.

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HIGH INTEREST RATES DAMPEN U.S. HOUSING MARKET12 hrs

The average U.S. interest rate on a 30-year, fixed-rate mortgage was 6.58 percent last week, rising from 6.55 percent the previous week, reaching the highest that the Federal Home Loan Mortgage Corp. has recorded this year.

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