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Trump says he wants to ban large investors from buying houses. It’s part of his affordability plan

Trump says he wants to ban large investors from buying houses. It’s part of his affordability plan

By JOSH BOAK, Associated Press

WASHINGTON (AP) — President Donald Trump said Wednesday that he wants to block large institutional investors from buying houses, saying that a ban would make it easier for younger families to buy their first homes.

Trump — who has been under pressure to address voters’ concerns about affordability ahead of November midterm elections — is tapping into long-standing fears that corporate ownership of homes has pushed out traditional buyers, forcing more people to rent. But his plan does little to address the overarching challenges for the housing market: a national shortage of home construction and prices that have climbed faster than incomes.

“People live in homes, not corporations,” Trump said in a social media post as he called on Congress to codify his ban.

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Orlando Sentinel, other papers seek sanctions over allegations OpenAI deleted key evidence

Orlando Sentinel, other papers seek sanctions over allegations OpenAI deleted key evidence

Lawyers representing the Orlando Sentinel and an array of news organizations suing OpenAI for allegedly stealing and distorting their reporters’ work have asked a Manhattan judge to sanction ChatGPT’s parent company, alleging the tech behemoth deleted millions of conversations they were required to hand over as evidence of copyright infringement.

OpenAI continued to destroy output logs despite orders from two judges to preserve and provide them to the news organizations, new court filings allege. More than 1 million logs that had been requested — containing information the news outlets believe was based on their journalists’ reporting — were subbed out, according to court documents.

“[A]fter this Court ordered OpenAI to produce 20 million logs over OpenAI’s vociferous and repeated objections, OpenAI substituted millions of conversations that it was ordered to produce with other conversations – seemingly because it had deleted millions of the selected logs,” attorney Steve Lieberman wrote to the court in a Monday letter. read more

Job openings slide to 2nd lowest level in 5 years as hiring remains sluggish

Job openings slide to 2nd lowest level in 5 years as hiring remains sluggish

By CHRISTOPHER RUGABER, AP Economics Writer

WASHINGTON (AP) — U.S. employers posted far fewer jobs in November than the previous month, a sign that employers aren’t yet ramping up hiring even as growth has picked up.

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Businesses and government agencies posted 7.1 million open jobs at the end of November, the Labor Department said Wednesday, down from 7.4 million in October. Layoffs also dropped, however, as companies appear to be holding onto workers even as they are reluctant to add staff.

The report suggests that the “low-hire, low-fire” job market remains in effect, with workers enjoying some job security but those out of work struggling to find new jobs. The moribund labor market stands in contrast with data showing solid economic growth, which topped 4% at an annual rate in last year’s July-September quarter, the latest data available. Economists forecast growth slowed but remained solid in the final three months of 2025. read more

What is a robo-advisor? How it works, how much it costs, and pros and cons

What is a robo-advisor? How it works, how much it costs, and pros and cons

By James Royal, Ph.D., Bankrate.com

Robo-advisors automate the investing process for you, making it simple to invest in a diversified portfolio of assets — and they cost much less than a typical financial advisor. It’s little wonder that many investors have turned to them, and robo-advisors now manage hundreds of billions of dollars.

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What a roboadvisor does

A robo-advisor is a digital platform that uses technology to create a portfolio based on your investing needs.

Generally, you’ll fill out a questionnaire that aims to understand your goals and risk tolerance. Based on your responses, the robo-advisor will recommend a portfolio, though usually you’ll have the option to pick a different portfolio if you like. read more

Wall Street’s hot start to the year cools as stocks drift

Wall Street’s hot start to the year cools as stocks drift

NEW YORK (AP) — Wall Street’s hot start to the year is cooling a bit on Wednesday.

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The S&P 500 was virtually unchanged in early trading, coming off its latest all-time high. The Dow Jones Industrial Average added 18 points, or less than 0.1%, to its own record set the day before, while the Nasdaq composite was 0.1% higher, as of 9:35 a.m. Eastern time.

Moves were relatively quiet across the U.S. stock market, including for Warner Bros. Discovery after it again rejected a buyout bid from Paramount and told its shareholders to stick with a rival offer from Netflix. read more