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It's a 5% world. We're just living in it

The cost of borrowing money is moving unrelentingly higher , with profound implications for savers, borrowers and the U.S. government's fiscal outlook. The big picture: The bond market moves over the last few weeks have pushed most risk-free interest rates north of 5%.

10 Sunday Reads

The weekend is here! Pour yourself a mug of Danish Blend coffee, grab a seat outside, and get ready for our longer-form weekend reads: • How DraftKings Uses A.I. to Target the Gamblers Likeliest to Lose: Jenny Vrentas on the machine-learning model DraftKings built from customer betting records to aim its hundreds of millions in “free”…

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