Treasury’s Scott Bessent hires Judy Shelton, Trump’s controversial former Fed pick, as adviser

Judy Shelton, whose controversial economic ideas led the Senate to block her nomination to the Federal Reserve, has been appointed a counselor to Treasury Secretary Scott Bessent. The Treasury said Shelton will advise Bessent on currency policy, “with a particular focus on evaluating financial conditions in China.” Shelton is not known as a China expert….

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What rising margin debt means for stocks

HOUSTON — During a late night at home in May 2021, Hy Luu, a 29-year-old engineering consultant, was researching how to obtain more capital to invest in shares of Tesla. That’s when he discovered margin investing: the act of borrowing money from a broker to buy securities such as stocks, while using existing investments as…

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OpenAI and Anthropic poach Trump officials

This report is from this week’s The Tech Download newsletter. Like what you see? You can subscribe here. Anthropic and OpenAI are poaching officials from the Trump administration for senior roles as the AI sector scrambles to strengthen ties to Washington, with frontier tech increasingly viewed as a national security issue. This year, Anthropic has appointed…

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“13 abortions, pregnant for the 14th time”: Intern doctor’s video sparks debate over women’s reproductive choices; “This happens only in India…”

Dr Hitarth Simaria (@dr.hitarth_simaria) shared a video on his Instagram. An intern doctor’s account of seeing an underweight newborn in a neonatal intensive care unit (NICU) has sparked discussion on social media about repeated pregnancies, women’s health, family planning and adoption. Dr Hitarth Simaria (@dr.hitarth_simaria) shared a video on his Instagram account, in which he…

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