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Inflation and high interest rates aren’t going away. Don’t let your checking account rob you of a decent return on liquid assets. By William Baldwin, Senior Contributor Forget bank CD rates for a moment. If you want more interest, look at something under your nose: the bank account you use to collect a paycheck and pay bills. Chances are you are earning something in the neighborhood of zilch on your liquid assets. You can fix this. You can get 4%. Below are four remedies to pick from, one of them, interestingly, coming from a bank that participates in the usual…

Trump’s tariffs threats and actions have ignited a trade war that many economists say threatens to undermine global economic stability. On Thursday, Trump said he would impose a 200% duty on wine and champagne imported from the E.U. in response to the region’s targeting of U.S. whiskey imports — itself a reaction to the president’s 25% steel and aluminum duties coming online. Meanwhile, the prospect of stagflation — meaning accelerating price increases alongside lackluster growth — has increased. Underlying data in two inflation reports this week suggest that the Federal Reserve’s preferred measure of inflation will show that price growth remained elevated in February,…

Elon Musk has reincorporated both Tesla and SpaceX outside Delaware.Samuel Corum/Getty Images Delaware has long been a corporate haven due to its business-friendly laws. Elon Musk’s decision to reincorporate both Tesla and SpaceX outside Delaware has made waves. State lawmakers are trying to maintain Delaware as a top destination for business incorporation. For generations, Delaware has been a top destination for business incorporation, giving the First State an outsized level of influence relative to its small population of just over one million people. However, the state is now working fervently to preserve its business-friendly reputation after Elon Musk moved the…

PYLOS: A gender row involving two female boxers at the Paris 2024 Olympics was the result of a Russian fake news campaign and had little to do with reality, International Olympic Committee (IOC) president Thomas Bach said on Saturday. Bach, who is stepping down in June after 12 years in charge of the biggest job in world sports, said the IOC had needed to fight off many similar campaigns before and after the Paris Games. The boxing competition at the Paris Games was run by the IOC after it stripped the International Boxing Association (IBA) of recognition last year over…

After surging for much of the year, egg prices have declined sharply over the past week as consumers pulled back on purchases, allowing supplies to resettle at more normal volumes.The result: The average cost of a dozen large white eggs is now $4.90, compared with an all-time high of $8.64 on March 5, the United States Department of Agriculture said Thursday.That’s the lowest level registered since Dec. 20. The prices for this measure remain significantly higher than the long-term average of around $2.And the prices consumers are paying at the grocery checkout in the post-pandemic-lockdown era are still higher than…

(Bloomberg) — Baidu Inc. released a new artificial intelligence model that articulates its reasoning, in an apparent bid to regain momentum against up-and-coming rivals like DeepSeek. Most Read from Bloomberg The Ernie X1 model by China’s internet search leader works similarly to DeepSeek R1 — which shocked Silicon Valley by offering comparable performance to the world’s best chatbots at a fraction of their development cost. Baidu’s reasoning model excels in areas like daily dialogs, complex calculations and logical deduction, it said in a statement Sunday. Baidu also upgraded its flagship foundation model to Ernie 4.5. It immediately made all tiers…

(Bloomberg) — European Central Bank Governing Council member Francois Villeroy de Galhau said the US risks bringing about the next financial emergency through its support of cryptocurrencies and non-bank finance. Most Read from Bloomberg “The United States risks sinning through negligence,” he said in an interview with the French weekly La Tribune Dimanche. “Financial crises often originate in the United States and spread to the rest of the world. By encouraging crypto-assets and non-bank finance, the American administration is sowing the seeds of future upheavals.” Villeroy added that European supervision was better secured and said there was no risk of…

FAISALABAD: Defending champions Karachi Region Whites and Bahawalpur Region registered victories on the opening day of the Bank Alfalah presents Inverex Solar Energy National T20 Cup here at the Iqbal Stadium on Friday. Skipper Saud Shakeel led Karachi Whites from the front with a match-winning half-century as they romped to a 30-run victory in the rain-hit first match of the tournament. After electing to bat first, Karachi Whites posted 159-6 in the allotted 20 overs. Left-handed Saud smashed nine fours and one six in his 50-ball 76 while opening the batting. Khurram Manzoor was the other notable run-getter scoring 29…

It’s not just Walmart.The leaders of companies that serve everyone from penny-pinching grocery shoppers to first-class travelers are seeing cracks in demand, a shift after resilient consumers propped up the U.S. economy for years despite prolonged inflation. On top of high interest rates and persistent inflation, CEOs are now grappling with how to handle new hurdles like on-again-off-again tariffs, mass government layoffs and worsening consumer sentiment.Across earnings calls and investor presentations in recent weeks, retailers and other consumer-facing businesses warned that first-quarter sales were coming in softer than expected and the rest of the year might be tougher than Wall Street thought. Many of the executives…

Kamala Harris speaks at HumanX.Big Event Media/Getty Images for HumanX Conference At HumanX in Las Vegas tech leaders talked about on AI’s impact on business. Speakers like Kamala Harris emphasized collaboration between the tech industry and government. AI enthusiasm ran high but many attendees were focused on practical ways to drive company revenue. This week, I attended HumanX, where thousands of startup founders, investors, and tech industry executives gathered in Las Vegas to discuss AI’s value proposition to their bottom lines — and the future. The nearly four-day conference opened with remarks from former Vice President Kamala Harris. Harris, who…