
Jim Edwards
@Jim_Edwards
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https://t.co/gynu57LqKd. Formerly: Founder Moneyin2, EIC/News at Business Insider, author of Say Thank You for Everything.
London
Joined September 2008
Musk ordered shutdown of Starlink satellite service as Ukraine retook territory from Russia
reuters.com
Soldiers panicked, drones surveilling Russian forces went dark, and long-range artillery units struggled to hit targets.
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Federal Reserve economists aren’t sold that AI will actually make workers more productive, saying it could be a one-off invention like the light bulb
fortune.com
Central bank economists find generative AI “at the crossroads,” debating if it could be as revolutionary as the electric dynamo or the microscope.
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No one wants to wear glasses! Just ask the people who actually wear them!. Mark Zuckerberg says anyone not wearing AI glasses in the future will be at a disadvantage
fortune.com
Zuckerberg said immersive smart glasses could bring the idea of the metaverse to fruition.
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Ohio woman who had her car repossessed by the dealer takes legal ownership of dealership name in a revenge move for the ages
fortune.com
There's a lesson here for business owners.
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Powell didn’t just refuse to deliver a rate cut—he also hinted a raise could have been on the cards
fortune.com
Powell put a cat among the pigeons by suggesting he was minded to "look through" tariff-induced inflation by not increasing interest rates.
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The Fed’s Powell said the phrase ‘downside risks’ six times in his press conference yesterday—is that bad news for tomorrow’s jobs number?
fortune.com
The jobs number (nonfarm payrolls, to give its technical name) is due out tomorrow. Expect stocks to react strongly if it comes in weak.
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Wall Street is poised for volatility today if it sees anything that looks like a vibe shift at the Fed
fortune.com
Investors are positioning themselves for some excitement today. They are likely to get it—as we get new numbers on U.S. GDP, a new rate decision from the Fed, and ADP reports on private payrolls.
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Ray Dalio warns investors to allocate 15% of their portfolio to gold and crypto because of skyrocketing U.S. government debt
fortune.com
Dalio said the impending “economic heart attack” caused by increasing federal debt hasn’t been priced in.
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Rachel Reeves and Andrew Bailey clash over Revolut meeting via @ft.
ft.com
Chancellor’s aim to discuss fintech becoming fully fledged bank thwarted by BoE governor
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Don’t let EU, Japan deals lull you into a sense of security, says Trump’s former commerce secretary—a trade war with China may still be in the cards
fortune.com
"We're in much better shape because it's now clear that if there's gonna be a real trade war with anyone, it would just be with China," Secretary Ross tells Fortune.
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RT @FortuneMagazine: The 2025 Fortune #Global500 list is here. The corporations on our annual list of the world's 500 largest companies….
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Tom Hayes, the UBS trader who spent 5 years in prison unjustly convicted of rigging interest rates, describes what it’s like to be vindicated
fortune.com
Hayes’ conviction was overturned last week after the U.K. Supreme Court ruled he had not received a fair trial.
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The markets are behaving as if Europe has pulled the wool over Trump’s eyes .
fortune.com
Investors are trading as if one of two conditions will turn out to be true: That the deal is composed of stuff that was going to happen anyway, or that the U.S. Supreme Court will rule Trump's deals...
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RT @FortuneMagazine: On June 27, the day Jeff Bezos and Lauren Sanchez said their vows, the billionaire sold millions of shares in online g….
fortune.com
Despite the large, prearranged sales, Bezos still holds roughly 884 million Amazon shares and maintains a net worth of $252 billion.
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Europe surrenders to Trump (and thus secures victory by the back door)
fortune.com
S&P 500 futures moved up 0.27% this morning. But the STOXX Europe 600 rose by more than double that in early trading as investors in Europe realized that the pact seems to contain several advantages...
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RT @FortuneMagazine: “In reality, under the Trump administration, many Japanese companies likely view the business environment in the U.S.….
fortune.com
Analysts at Bank of America said that the Japan deal “looks like a reasonable blueprint” for other auto-exporting countries like South Korea.
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