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Economy

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    Why billionaires pay less tax than average Americans●Why billionaires pay much less tax than the average AmericanMmastodonBusinessEconomy103just now

    Mother Jones reports that billionaires in the United States pay a far lower effective tax rate than the average American worker, attributing the gap to decades of declining tax rates on wealth and top incomes. The piece argues that as wealth concentrates at the top, the ultra-rich are able to shelter gains from taxation in ways ordinary earners cannot.

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    Virtio-nvgpu brings near-native Nvidia GPU access to KVM guests●Virtio-nvgpu: Near-native Nvidia GPU access inside a KVM guestYhnBusinessEconomy15312 min ago

    A project called virtio-nvgpu has been released, offering near-native Nvidia GPU performance inside KVM virtual machines. It lets Linux guests use Nvidia graphics hardware with minimal overhead via a virtio-based passthrough approach. The project, hosted on GitHub under nestrilabs, is drawing attention from developers interested in virtualization and GPU workloads, with discussion focused on how close performance gets to running on bare metal.

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    Mistral CEO: AI is software that can be controlled▼CEO of Mistral: AI is software. It can be controlledYhnBusinessEconomy8516 min ago

    Arthur Mensch, chief executive of French AI start-up Mistral, argues that AI is fundamentally software and therefore can be controlled, according to an interview published in Le Monde. His remarks push back against framing of AI as an unpredictable force, positioning regulation and engineering oversight as adequate tools. The comments are drawing discussion about how AI systems should be governed.

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    Iran Officials Warn Economic Crisis Could Spark Wider Unrest●Economic Crisis in Iran Meets Expanding Security Response as Officials Warn Every ‘Spark’ Could Become a ‘Flame’✉newsBusinessEconomy28 min ago

    Iranian officials are warning that economic hardship could ignite broader protests, with statements cautioning that any 'spark' could turn into a 'flame'. The remarks come alongside what the opposition National Council of Resistance of Iran describes as an expanding security response aimed at containing discontent over living conditions, inflation and the struggling economy.

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    Iran war squeezes Iraq's economy as oil revenues fall and prices rise●Iran war squeezes Iraq’s economy as oil revenues fall and prices rise✉newsBusinessEconomy28 min ago

    The conflict involving Iran is hurting Iraq's economy, with falling oil revenues undermining the state budget and rising prices squeezing ordinary households. Iraq depends heavily on oil exports for government income, so disrupted trade and regional instability threaten public spending. Commentators warn the economic fallout could deepen as long as the war continues.

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    Rising petrol prices and increasing mortgage rates are creating economic headaches for Donald Trump ahead of the US midterm elections. With living costs weighing on voters, the economic pressure could hurt the President's party at the ballot box, making household affordability a central issue in the campaign.

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    Economists say U.S. debt burden worse than Japan's despite size gap●Japan’s debt is twice the size of its economy—but economists warn U.S.’s $40 trillion sum is worse✉newsBusinessEconomy28 min ago

    Japan carries public debt equal to roughly twice its gross domestic product, the highest ratio among major economies. Yet economists quoted by Fortune argue the United States' roughly $40 trillion national debt is the more serious problem, pointing to faster growth in borrowing, political gridlock over spending, and the dollar's global role making U.S. fiscal risks harder to contain.

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    Bloomberg reports that China is undergoing an economic 'regime shift', a fundamental change in how its economy operates, with potentially risky consequences for the rest of the world. The warning suggests that shifts in China's growth model, debt levels or policy direction could transmit instability to global markets and trade partners.

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    Trump approves fuel standards ending Biden EV mandate●Trump says he approved fuel economy standards ending Biden EV mandate✉newsBusinessEconomy28 min ago

    Donald Trump announced he has approved new fuel economy standards that end the Biden administration's electric vehicle mandate. The move rolls back emissions and efficiency rules that had pushed automakers toward EV production. It is likely to spark debate over the future of US auto policy, industry investment in electric vehicles, and America's climate commitments.

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    FedWatch's Ben Emons Sees 10-Year Yield Hitting 6%●FedWatch's Ben Emons Sees 10-Year Treasury Yield Hitting 6% By January 2027 — Warns It Could Put Housing ‘In A Crunch’ And Slow The Economy✉newsBusinessEconomy24 min ago

    FedWatch strategist Ben Emons is forecasting that the 10-year Treasury yield will climb to 6% by January 2027. He warns that borrowing costs at that level would put housing 'in a crunch', weighing on home sales and mortgage demand, and would slow the broader US economy as higher rates filter through to consumers and businesses.

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    Reports Claim Massive Protests Sweep Iran●Iran Implodes In Biggest Civil Defiance Ever! 300,000+ Protestors On Streets! | Collapse Begins?▶youtubeBusinessEconomy327.4K28 min ago

    Claims are circulating that more than 300,000 protesters have taken to the streets across Iran in what is being described as the largest wave of civil defiance the country has seen, with some commentators suggesting the unrest could signal the beginning of a collapse of the current system. The scale of the demonstrations and the government's response remain unclear, and the figures have not been independently confirmed.

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    Guardian: 'The weaker he gets, the more dangerous he gets' as Trump lashes out●‘The weaker he gets, the more dangerous he gets’: Trump lashes out as his power wanes https://www. theguardian.com/news/MmastodonBusinessEconomy728 min ago

    The Guardian has published an interactive feature arguing that Donald Trump is striking out more aggressively as his political power weakens, ahead of the 2026 US midterm elections. The piece examines his clashes with the Federal Reserve and the Supreme Court, his administration's posture toward China, and tensions within the Republican Party as his grip appears to slip.

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    This is a news headline about the global economy's resilience despite higher bond yields. It reports that consumers continue spending freely and overall economic growth remains strong, even as borrowing costs rise. The evidence consists of a single Yahoo Finance headline, so there is no detail on the underlying data, specific countries, or reader reactions. Commenters' views are not available from the posts collected, and the reason it is currently trending is not clear from the posts themselves.

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    Economic frustration tests Trump's rural support, poll finds●Economic frustration tests Trump’s standing with rural voters, new KFF-AP poll finds✉newsBusinessEconomy28 min ago

    A new poll by KFF and the Associated Press finds that economic frustration is straining Donald Trump's standing among rural voters, a key part of his political base. The survey suggests that concerns over the cost of living and economic conditions may be eroding support in rural areas, raising questions about the durability of his coalition heading into future elections.

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    ICE raids hit meatpacking plants in Texas, Kansas and Oklahoma●"ICE🚨is raiding meatpacking plts in TX, KS, & OK, leading to this remarkable stmt below noting: "these types of disruptiMmastodonBusinessEconomy1328 min ago

    US immigration agents are conducting raids at meatpacking plants in Texas, Kansas and Oklahoma. Industry groups, including the Texas Cattle Feeders Association, issued a joint statement warning that the workforce disruptions could push up beef prices for consumers and cause disruption across the entire meat supply chain. The operation has drawn attention to the tension between immigration enforcement and food industry labor needs.

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    The trending term refers to coverage of the US 10-year Treasury yield reaching 5.2%, a notable level for a benchmark rate that influences mortgages, loans and investment returns. The reported article ties the rise to a strong economy and comments from Federal Reserve officials on climbing bond yields. Beyond that single headline, there is little visible discussion in the collected posts, so it is hard to gauge the range of reactions or detailed commentary driving the trend.

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    Trump ends Biden EV mandate with new fuel economy standards●Trump says he approved fuel economy standards ending Biden EV mandate By Reuters✉newsBusinessEconomy28 min ago

    President Donald Trump said he has approved new fuel economy standards that roll back Biden-era rules pushing automakers toward electric vehicles. The move ends what Trump called the Biden EV mandate, loosening requirements that had pressured manufacturers to sell more electric cars. The decision affects US automakers, emissions rules and the wider EV market.

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    This trending headline comes from an economic news article arguing that the economy is 'running hot' — growing faster than expected — and that financial markets are adjusting their bets on interest rates upward in response. The phrase 'rate bets chasing it higher' suggests traders expect interest rates to stay elevated or rise because of strong economic data. No post snippets or reader reactions are available, so it is not possible to say how people are responding beyond the article itself.

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    Despite solid headline economic figures, American voters remain anxious about their finances, and that sour mood is seen as a political threat to Donald Trump ahead of the November election. Commentators argue that a mixed economy alone cannot guarantee electoral success if voters feel worse off, making economic sentiment a key factor to watch in the campaign.

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    Fed buying of Treasury bills outpaces Covid-era pace●“The Fed🚨is printing money to buy US TSY bills... more than during Covid. - Covid: ~$320B - Last 9 months: ~$355B EveryoMmastodonBusinessEconomy728 min ago

    The US Federal Reserve has bought roughly $355 billion in Treasury bills over the past nine months, exceeding the roughly $320 billion purchased during the Covid-era emergency response. Critics, including investor commentary circulating online, argue attention is fixed on interest-rate decisions while this money creation goes largely undiscussed, at a time when Treasury Secretary Scott Bessent is also issuing substantial new debt.

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    The Economics of Open-Weight AI Inference Examined●The Economics of Open-Weight InferenceYhnBusinessEconomy5828 min ago

    A new publication breaks down the economics of running inference with open-weight AI models, weighing the cost of self-hosting open models against paying commercial API providers. The analysis covers hardware expenses, serving efficiency and when open-weight deployments actually save money. Readers are debating the assumptions behind the cost comparisons and what they mean for businesses choosing between open and closed AI infrastructure.

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    Spain's left-wing government credited with cutting public debt●If you face a "Right wing politicians are better at the economy" person: Spain, a country with a left-wing government, dMmastodonBusinessEconomy1028 min ago

    Commenters are pointing to Spain as a counterexample to the claim that right-wing politicians manage the economy better. Under its left-wing government, Spain raised the minimum wage, increased pension funds and taxed bank profits, while public debt fell. Posts contrast this with countries like the United States, arguing progressive economic policy can deliver fiscal results.

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    Questions are being raised in Germany about whether the government's fiscal package is now having a real effect on the economy. Commentators are asking whether increased public spending and investment measures are finally filtering through to businesses, growth figures and everyday economic activity, after months in which the stimulus was announced but its impact was hard to detect.

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    US refineries running at full capacity amid high fuel prices●US refineries are basically running at full cap, bc prices are so high. Cos want to refine & sell as much fuel as they cMmastodonBusinessEconomy1528 min ago

    US refineries are operating at essentially full capacity because fuel prices are high, giving companies an incentive to refine and sell as much product as possible. Commenters note that if Trump restricts fuel exports to domestic customers, it could create a temporary regional glut, pushing prices down and leaving refineries backed up with diesel that has nowhere to go.

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    High-income Americans keep spending despite shaky economy▼Here's how high-income Americans keep spending in a shaky economy✉newsBusinessEconomy27 min ago

    High-income US households are continuing to spend even as the broader economy shows signs of strain, according to a new report from USA Today. The piece examines how wealthy consumers' financial cushions allow them to sustain spending on travel, dining and goods, helping prop up consumer demand that lower-income households have pulled back from amid rising costs and economic uncertainty.

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    McDonald's Shares Down 30% as Big Mac Price Hikes Draw Backlash●McDonald’s Sell-Off Hits 30% as Big Mac Inflation Spurs Pushback✉newsBusinessEconomy28 min ago

    McDonald's stock has fallen roughly 30%, with reports from Bloomberg and Yahoo Finance linking the sell-off to steep price increases on items like the Big Mac that have driven customer pushback. The fast-food giant is facing criticism as consumers balk at 'Big Mac inflation,' raising questions about how far it can keep raising prices before losing volume.

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    AI Spending Clashes With Bond Market In New Economy Era●Weekly Indicators: In The ‘Guns ‘N’ Butter 2’ Economy, It’s AI Vs. The Bond Market✉newsBusinessEconomy28 min ago

    A new weekly economic indicators report frames the current US economy as 'Guns 'N' Butter 2', arguing that massive government spending and an AI investment boom are now set against the bond market's pushback. The piece suggests investors are weighing whether fiscal largesse and artificial intelligence capex can coexist with rising borrowing costs and bond market discipline.