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Jamil Khan, Chief Strategy and Small Business Officer at H&R Block, discusses the company's growth story, expansion beyond tax preparation, and the launch of their mobile banking app. The speakers also explore the impact of AI on the stock market and the growth of the gig economy, emphasizing the need for educating gig workers about taxes and exploring new business opportunities.
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Quick takeaways
- The Magnificent Seven, including Apple, have significantly influenced the stock market performance.
- Rising consumer debt and delinquency rates raise concerns about the potential impact on the market and economy.
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The Magnificent Seven's impact on the market
The Magnificent Seven, consisting of seven companies, has had a significant influence on the overall market performance. Even the laggard of the group, Apple, saw a substantial increase in stock value. While these seven companies have played a major role, other stocks have also performed well, fueled in part by decreasing inflation and the potential for rate cuts.
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