The Hottest Job Market in a Generation Is Over – WSJ
Americans’ once-in-a-generation job market has come to an end. The red-hot hiring and rock-bottom unemployment that helped millions of workers find new gigs, boost their...
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The US Economy Is Slowing, Which Is Just Fine With the Fed – Bloomberg
Having boomed its way through 2023, the US economy is coming back to earth. Companies are hiring fewer workers. Consumers are spending less. The housing...
Why is Mark Zuckerberg giving away Meta’s crown jewels? – The Economist
As alter egos go, Augustus Caesar is not a bad one for Mark Zuckerberg, pontifex maximus of Meta, owner of the Facebook family of apps....
The problem of ‘model collapse’: how a lack of human data limits AI progress – The Financial Times
The use of computer-generated data to train artificial intelligence models risks causing them to produce nonsensical results, according to new research that highlights looming challenges...
U.S. Economy Boosted by Services While Eurozone Industry Proves Listless – WSJ
Private-sector activity is growing strongly in the U.S. thanks to a buoyant services sector, while a prolonged slump in German manufacturing continues to dog economic...
Why are US shares, gold and the dollar soaring? – The Guardian
The US stock market has been on a tear over the past two years. The S&P 500 has increased by roughly 40% since Joe Biden...
How private equity tangled banks in debt – The Financial Times
Private equity firms have become an integral part of the global economy, owning everything from family homes to supermarkets and cosmetics companies — even hospitals....
Bank of Canada Looks Set to Deliver Back-to-Back Rate Cuts – WSJ
The Bank of Canada is widely expected to follow up its June interest-rate cut with another on Wednesday, and embark on a series of reductions...
Tesla profit plunges – CNN
Telsa profit in the second quarter plunged more than 40% from a year ago, as the electric vehicle company has faced both more EV competition...
Surprise jump in number of UK people mainly using cash for daily spending – The Guardian
There has been an unexpected jump in the number of people who mainly use notes and coins for their daily spending, despite the UK moving...