The cost of borrowing has increased significantly, and small firms are feeling the heat. Small businesses facing tough times with rising bankruptcies.

It's hard to see a case for interest rate cuts returning anytime soon. However, we continue to believe that rates will PAUSE for longer. Inflation to 2% remains the Fed's number one objective right now. Follow us @KobeissiLetter for real time analysis as this develops. — The Kobeissi Letter (@KobeissiLetter) …

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Illegals complain about ‘tough life’ in USA…

NEW YORK — For one 29-year-old Venezuelan woman, who left her two children and partner behind in her home country to embark on a six-month journey to New York City, America represented hope. There, she thought, she would find safety and the opportunity to make a living. But four months …

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CEO fires 90% of support staff and replaces them with AI chatbot saying it was ‘tough but necessary’ and results are more efficient

Suumit Shah, founder and CEO of Bangalore-based e-commerce company Dukaan, said that the bot, which was built by one of the firm’s data scientists, could respond to initial queries instantly, compared to staff taking an average of one minute and 44 seconds. Shah, who founded the company in 2020, said …

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