Markets Now Wednesday, June 12, 2024

Analysis: Why this meme stock frenzy is different from 2021

Meme stocks like GameStop are having another moment but a lot has changed on Wall Street and in the wider world since the heady days of 2021.  
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The Fed expects to cut rates just once this year

The Federal Reserve said Wednesday it expects to cut its benchmark interest rate just once this year as inflation remains stubbornly high.  
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Instant ramen ‘fire noodles’ are too spicy for this country

Three varieties of “fire chicken” instant ramen noodles popularized by a viral internet challenge have been recalled in Denmark after they were deemed to be too spicy.  
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Forget Beatlemania. Taylor Swift fever is sweeping Liverpool

In a pub just a stone’s throw from Anfield stadium, where 60,000 fans gather regularly to watch Liverpool Football Club, bar staff are preparing to serve a very different clientele.  
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Former employees sue Elon Musk’s SpaceX claiming illegal firings after they called out alleged gender bias, harassment

SpaceX and CEO Elon Musk were sued on Wednesday by former employees who claim they were illegally fired for raising concerns about gender discrimination and sexual harassment at the rocket company.  
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Why Pope Francis thinks the Church should play a part in world leaders’ debate on AI

An image of Pope Francis wearing a stylish white puffer jacket went viral last year, prompting a flurry of comments about the pope’shis choice of clothes and even questions about whether he had a stylist. But there was a problem: the image was a “deep fake” and created by using artificial intelligence.  
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Source: CNN Business