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Homebuilder sentiment is at a 14-year low

The AI boom is sucking up all the capital. The Federal Reserve is raising rates to try to cool inflation. And one sector is bearing the brunt of the pain from both: housing . The big picture: The situation is lose-lose for both homebuilders and homebuyers. Builders are facing more expensive capital and bidding for scarce construction-related resources.…

Sources (1)· Oct 20, 3:58 PM

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Democrat Mega-Donor Eric Schmidt's Anthropic Stake Could Add $10 Billion to His FortuneEric Schmidt, the former Google chief executive and Democrat mega-donor, holds a one percent stake in Anthropic that traces back to an early investment of millions in the AI startup. This stake could add up to $10 billion to Schmidt's net worth when the company notable for its AI doomer messages goes public. The post Democrat Mega-Donor Eric Schmidt’s…

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