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Target just sent up a giant red flag about the U.S. consumer
High-income U.S. consumers are pulling back. Mortgage applications are down, Walmart’s (WMT) reporting grocery gains from monied households suddenly keen for deals on eggs and bananas – and now Target joins a growing list of beloved brands waving the yellow flag that a recession may be coming. Read more... [...]
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Lawtech startup Noxtua upgrades ‘sovereign legal AI’ amid ‘volatile’ geopolitics
Berlin-based startup Xayn has rebranded itself after its flagship product, “Noxtua” — a “sovereign European legal AI” aimed at law professionals. Alongside its new name, Noxtua has secured €80.7mn in funding to refine its AI models and expand to new markets. The lead investor in the round was C.H.Beck, one of Germany’s oldest publishing houses. Noxtua will use the firm’s databa [...]