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Why are U.S. stocks falling?

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U.S. stocks have declined over consecutive days and have recorded their lowest August performance in seven years

Many experts say the reason for this is that investors are worried about the Federal Reserve increasing interest rates.

The Philadelphia semiconductor index lost 1.15% after Seagate fell 3.54%.

Part of why this is happening is the stock selling pressure on investors.

And that’s been prompted by the idea of a prolonged monetary policy.

Reuters quoted Tim Ghriskey from Ingalls and Synder in New York saying “All (Powell) cares about is getting inflation down and raising rates to do that, and in terms of how aggressive to be that is all to be determined from the data”. 

And others have criticised Powell’s stance

But some experts do believe that it will soon get better as inflation comes under control in the U.S.

And the Fed maintains that in the long term the benefits outweigh the risks.

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ChatGPT creator releases tool to detect A.I. generated text

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OpenAI has released a software tool that can identify if text has been generated by artificial intelligence

The company behind the popular chatbot ChatGPT says it has trained a language model to distinguish between something written by a human, and A.I.

‘AI Classifier’ uses a variety of providers to address issues such as automated misinformation campaigns and academic dishonesty.

The detection tool is very unreliable on texts under one thousand characters, and AI-written text can be edited to trick the classifier.

Many schools across the world have already banned ChatGPT from being used for projects.

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Elon Musk asks court to throw case out

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Twitter CEO Elon Musk has asked a judge in the U.S. to throw out a case against him

 
The suit claims Musk’s delayed disclosure over his large stake in the social media giant defrauded shareholders, who sold out at artificially lower prices.

Musk says investors in the proposed class action have no independent right to obtain damages.

The CEO believes he properly disclosed his stakes in Tesla and the former SolarCity Corp on several occasions, as per requirements.

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Eurostar trains empty with Brexit leading to border delays

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Eurostar boss says peak trains are empty because of post-Brexit passport delays

You can perhaps understand why British residents are becoming increasingly frustrated by Brexit.

During peak hour in London, Eurostar trains are running across the Channel with hundreds of empty places.

Around 350 of 900 seats are normally left unsold on the first services between London, Paris and Brussels despite “huge demand”.

It’s all because border police can’t process passports quickly enough.

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