Bessent shutdown GDP

Bessent shutdown GDP

Treasury Secretary Scott Bessent told CNBC’s “Squawk Box” on Thursday that U.S. economic growth could be hurt by the government shutdown. “This isn’t the way to have a discussion, shutting down the government and lowering the GDP,” Bessent said during a live interview. “We could see a hit to the GDP, a hit to growth…

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Jim Cramer raises concerns about tech’s ‘Lazy Susan’ deals

Jim Cramer raises concerns about tech’s ‘Lazy Susan’ deals

CNBC’s Jim Cramer on Wednesday expressed trepidation about circular transactions between tech companies as Wall Street weighs the value of artificial intelligence heavy hitter OpenAI. “These days, we’re constantly hearing about what I’d call these ‘Lazy Susan’ deals, except they’re being celebrated as good news for both parties,” he said. To Cramer, a “Lazy Susan”…

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