Savings Rate Slides As Fed's Favorite Inflation Gauge Slowed In February (Ahead Of War)

US Men's World Cup Team Required To Split $12.8M Payout With Women's Team Authored by Ben Sellers via Headline USA, America’s fleeting interest in soccer may once again have abated following a humiliating World Cup defeat to Belgium last Monday, in a game that saw President Donald Trump become personally involved over a red-card dispute. But the high-profile flop in the first elimination round was not the only indignity that the U.S. athletes must endure. A collective bargaining agreement means that the team will have to share its $16 million prize pot (minus a 20% cut for the U.S....

Shein IPO Flops As Fast-Fashion Empire Sees Growth Slowdown Chinese online fast-fashion retailer Shein made its long-awaited Hong Kong market debut Tuesday, only to fall flat in what can only be viewed as a disappointing IPO plagued by investor concerns about slowing growth, rising costs and an increasingly challenged international business model. "Shein's many challenges are well known to investors and likely behind the sharp share-price fall on IPO day," Vey-Sern Ling, managing director at Union Bancaire Privée, wrote in a note. "Growth is slowing and losses rising amid stiff competition...

Bessent Emerges As "AI Czar" Frontrunner Fresh off his recent spat with "Doomsday Dario", whom he scolded for his apocalyptic essay (which was attempted regulatory capture in all but name) and warned that the US government will not serve as a "liability shield" to the frontier AI company,  Treasury Secretary Scott Bessent appears to be one step closer to directly taking AI matters into his own hands.  According to Semafor, Bessent is emerging as a frontrunner for President Donald Trump’s new "AI czar" position, after long playing a central role in...