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Therese Poletti's Tech Tales: AI has given a big boost to stock of this lesser-known Silicon Valley computer maker

In Silicon Valley, a lesser-known computer maker, SuperMicro, has seen its stock jump this year as part of the AI frenzy.

: ‘Run the world.’ Beyoncé may have messed with another country’s inflation data

The R&B superstar's Renaissance World Tour has already been blamed for driving up Swedish inflation last month. Is she behind the U.K.'s sticky inflation.

The Fed: Fed nominees vow to vanquish high U.S. inflation

Three current and prospective members of the Federal Reserve's interest-rate setting panel pledged to fefeat high inflation ahead of nomination hearings.

: TOMS Shoes founder is pledging $100 million for psychedelic research – Here’s why he’s doing it.  

Donation is believed to be ‘biggest that we’ve ever seen in the psychedelics space.’ Quest for treatments for depression, PTSD centers on MDMA, similar drugs.

The Ratings Game: Alibaba management shake-up positive as Zhang can now focus on cloud ahead of spinoff: analysts

U.S. shares of Alibaba dropped Tuesday following a surprise management shake-up, but analysts view the development as a positive overall.

The Fed: Powell tells Congress to expect higher interest rates

Federal Reserve Chairman Jerome Powell will tell the U.S. House Financial Services Committee that almost all of his colleagues expect higher interest rates by the end of the year.

Metals Stocks: Gold prices retreat ahead of Powell testimony

Gold prices slipped further Wednesday as traders waited to hear from Federal Reserve Chairman Jerome Powell, who will present two days of semi-annual testimony to Congress after the central bank held its policy interest rate steady last week but signaled there may be two more rate rises this year to lower U.S. inflation further.

Outside the Box: Why are unsafe products still being used even after they’ve been recalled?

America's product-recall system is broken, exposing consumers to illnesses, injuries and death.

: Here’s some shocking news about the cost of retiree healthcare

Soaring inflation didn’t hit retiree healthcare in the way you might expect, for one main reason

Economic Report: Mortgage rates fall for third week in a row

Mortgage applications inched up 0.5% in the latest week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage is 6.73%.

Bond Report: Bond yields steady before Powell speaks to Congress

Treasury yields were holding steady on Wednesday, as investors braced for Capitol Hill testimony from Federal Reserve Chairman Jerome Powell.

Need to Know: The AI boom will stay with the S&P 500, says one of most pessimistic Wall Street firms heading into 2023

Strategists at Societe Generale have bumped up their year-end S&P 500 target from 3,800 to 4,300
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