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goldman sachs just had one of the best quarters in its history, with profits up 19%, but the stock still fell after the bank quietly set aside more than double what analysts expected to cover loans that might go bad. suggests they are more worried about what's coming than the headline numbers let on.
a new pwc study of over 1,200 companies found that nearly three quarters of the money being made from ai is going to just one in five businesses, and the gap is widening. the companies winning aren't just using ai to cut costs; they're using it to find entirely new ways to make money.
the global economy was healing after years of turbulence, but ithe iran war has knocked that story off course almost overnight. india is the most striking example: it was on track for another year of strong growth and low inflation, and now all of that is suddenly in doubt.
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