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Low-income consumers are still struggling. Now the cracks are starting to show for higher-income ones, survey finds.

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Mizuho said Monday its August consumer survey found that low-income consumers, who account for 22% of total U.S. household spending, are continuing to struggle. But the cracks were also starting to show for higher-income consumers.

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U.S. budget deficit in fiscal 2024 swells to third-highest level on record

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The federal budget deficit for fiscal 2024 was $1.8 trillion, up 8% from a year ago, as the government’s spending continued to swamp revenue.

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‘I retired earlier than planned’: I’m 69 and will have $6,000 a month in retirement income. The bulk of my $3.6 million is equities. Is that OK?

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“I don’t expect equities to do as well over the next decade as they have in the past, but I still think they will outperform other options.”

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How the CEO of this upstart Nvidia rival hopes to seize on the lucrative market for AI chips

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Andrew Feldman leads Cerebras Systems, a company whose eventual IPO could pave the way for more AI chip companies to go public

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