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Extended RBA pause may weigh on AUD – BBH

Brown Brothers Harriman’s (BBH) Elias Haddad sees above-target Australian inflation keeping Reserve Bank of Australia (RBA) hike risks alive, with June and Q2 Consumer Price Index (CPI) expected to show firm trimmed mean readings. However, Haddad judges risks skewed toward an extended pause given sub-potential growth and a cash rate…

I was laid off twice in 3 months while working as an immigrant in the US. I’m still in survival mode.

This as-told-to essay is based on a conversation with Tanvi Pisal, a 29-year-old UX designer from India. She went through two layoffs within a year while working in the US. It has been edited for length and clarity.I’ve always seen the US as the land of opportunity.I grew up in Pune, a city in western India, where I earned my bachelor’s degree in software engineering. After graduating, I worked in software, user experience, and interface…

Finance news

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They thought they’d be retiring. Instead, they’re grandparenting full time.

It’s not the way they thought they’d be spending their older years: getting two tweens ready for school and scraping together meals from food banks.At the crack of dawn one Tuesday morning, 59-year-old Vicki Parisella bangs on her granddaughters’ bedroom doors. Silence from Myaliissa’s room; a whine from Tatiana’s. Minutes…

Business

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OpenAI failed to recognize autonomous agent attack for days: report

OpenAI didn’t catch an autonomous breach of another artificial intelligence (AI) company by one of its advanced AI models for a week, and not until after the FBI had been contacted by the hacked company, according to a report. On Tuesday, OpenAI announced the breach of AI company Hugging Face…

Markets

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States want to tax the rich less. They’re taxing your purchases more.

As many voters clamor for higher taxes on the ultrawealthy and corporations, many states have moved in the opposite direction: lowering taxes on high earners and raising them on everyday goods.A new analysis from the Institute on Taxation and Economic Policy shows how tax rates have changed since 1990. Top…

Investing

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