S&P posts longest weekly gain since 2004 as 2023 ends
Wall Street wraps 2023 with the S&P 500 posting its ninth straight weekly gain amid an 8 trillion dollar year, supported by AI optimism and a dovish Powell stance. Analysts warn fatigue may set in as rates and inflation risk linger, with Summers cautioning inflation risk remains.
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SmileDirect Club collapses after bankruptcy shuttering global operations
SmileDirect Club filed for Chapter 11 in September with nearly 900 million dollars in debt and has now shut down its telehealth aligner service and global operations. Customers face cancellations, uncertain refunds, and limited support as liquidations proceed under bankruptcy oversight.
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Cohen used Bard AI to file bogus court documents
Michael Cohen used Google Bard to generate three fake court decisions to end his supervised release after serving part of a three year sentence for hush money payments to Stormy Daniels. His attorney said Cohen believed Bard was a smart search engine and not AI. The motion to relieve supervision was filed in November, but Judge Furman flagged inconsistencies with one filing that appeared to correspond to nothing.
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Michael Cohen
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Bard AI
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Google Bard
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