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Markets Midday: A-I Concerns Push Stocks Lower, New Home Sales Jump Despite Rising Rates, Credit Card Delinquencies On The Rise, Fed Set To Meet

CNBC Business News Update

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Market Insights and Economic Indicators Amidst AI Concerns

This chapter explores the recent decline in the stock market linked to concerns over a new Chinese AI company and rising credit card delinquencies among affluent consumers. It also looks ahead to the Federal Reserve meeting, where stable interest rates are anticipated despite ongoing economic challenges.

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