Wednesday’s top personal finance stories.
Market Extra: Bond ETFs fall after Fed statement, struggle to recover earlier gains
Popular exchange-traded funds that buy bonds fell and then struggled to recover earlier gains on Wednesday, after the Federal Reserve announced that it paused its interest-rate hikes but also released projections pointing to two more potential increases this year.
: Songwriters sue Twitter over music copyright violations
The suit seeks a court declaration that Twitter “willfully infringed” the musical work for about 1,700 songs. Plaintiffs are asking for up to $150,000 for every piece of work infringed.
Market Extra: Tesla’s stock is the most overbought in nearly 2 years
Tesla’s stock chart suggests bulls may be running out of breath after a record-long win streak, which could spell trouble for the stock in the near term.
The Fed: Fed skips June interest-rate hike, but points to two more increases this year
The Federal Reserve held interest rates steady Wednesday and pointed to two more 25-basis-point rate hikes this year.
Project Syndicate: China wants to tightly control AI at home. AI has other plans.
China’s ability to benefit from the AI intellectual revolution will suffer from Beijing’s censorship.
Your Digital Self: This AI-powered stock portfolio beat the S&P 500 and left market pros in the dust
AI may not replace human traders yet, but it can still cause major market distruptions. Safeguards are needed.
Brett Arends’s ROI: America may now be in a youth-cession: Consumers over age 60 are propping up the economy
A big factor in the recent spending patterns is Social Security, Bank of America says.
The Ratings Game: AMD, Nvidia face ‘tight’ budgets from cloud-service providers even as AI grows
With AMD making its big push into the AI data-center market this week, one analyst sees it launching into a tighter-than-expected market.
Outside the Box: Hollywood writers’ strike is about more than money. It’s also about having power over AI.
Workers need strong tools to bargain with employers over disruptive technology.
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