AI spending is boosting the economy, but many businesses are in survival mode

AI spending is boosting the economy, but many businesses are in survival mode

Cameron Pappas, owner of Norton’s Florist Norton’s For Cameron Pappas, owner of Norton’s Florist in Birmingham, Alabama, the artificial intelligence boom is a world away. While companies like Nvidia, Alphabet and Broadcom are lifting the stock market to fresh highs and bolstering GDP, Pappas is experiencing what’s happening in the real economy, one that’s far removed…

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Japan’s Nikkei 225 pares gains after hitting record highs as Takaichi becomes prime minister

Japan’s Nikkei 225 pares gains after hitting record highs as Takaichi becomes prime minister

Cityscape and Tokyo Tower at sunset, Tokyo, Japan. © Marco Bottigelli | Moment | Getty Images Japan’s benchmark Nikkei 225 pared gains Tuesday, falling from record highs, after hardline conservative Sanae Takaichi won the lower house vote, to become Japan’s first woman prime minister. She received 237 votes, clinching the majority of the 465-seat chamber,…

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