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The U.S. Department of Justice is currently pursuing an antitrust case against Google, alleging the company maintains a monopoly in digital advertising. The trial, which began on September 9, 2024, could lead to significant changes in Google's advertising business, including potential divestitures of key assets. The case is expected to last several weeks.
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In response to recent tragedies, JPMorgan Chase and Bank of America are implementing new policies to limit junior bankers' working hours. JPMorgan will cap hours at 80 per week, while Bank of America will introduce a detailed timekeeping tool. These changes follow the death of a junior banker earlier this year.
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Brent crude oil prices fell to $68.78 a barrel, marking a three-year low. This decline is attributed to weak demand, particularly from China, and oversupply concerns. Economists suggest that lower oil prices could reduce recession risks in the U.S. as consumer spending may increase due to lower fuel costs.
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Recent studies highlight the growing importance of AI and hybrid work models in enhancing employee satisfaction and productivity. Companies are urged to adapt their strategies to better integrate AI and support workforce well-being, as economic pressures shift employee priorities towards pay and upskilling.
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Tonight, Kamala Harris and Donald Trump will debate in Philadelphia, marking a pivotal moment in the presidential race. Recent polls show a tight race, with Trump leading Harris by just one point. The debate will focus on key issues, particularly the economy, as both candidates prepare for the upcoming election.
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ByteDance has refuted claims of developing semiconductors to reduce reliance on Nvidia. The company stated its semiconductor initiatives are in early stages, focusing on cost optimization rather than mass production. This follows reports of potential collaboration with TSMC to produce advanced chips amid ongoing U.S.-China tech tensions.
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As the 2024 election approaches, Donald Trump has unveiled a series of tax proposals aimed at appealing to working-class voters. These include eliminating taxes on overtime pay and Social Security benefits, while also suggesting a reduction in the corporate tax rate. The implications for the national debt and fiscal policy are significant.
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Following a recent debate, Vice President Kamala Harris appears to have gained traction against former President Donald Trump, with polls indicating a shift in voter sentiment. Harris's performance resonated with key demographics, while Trump's approach raised concerns among his supporters. The election remains highly competitive as both candidates vie for crucial battleground states.
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The Federal Reserve is anticipated to announce a rate cut this week, potentially lowering its key lending rate from 5.3%. This move aims to ease borrowing costs for consumers and businesses, impacting mortgages, credit cards, and savings rates both in the US and globally.