Australian Inflation Indicator Jumps, Backing RBA Caution on Rate Cuts – WSJ
Australia’s monthly inflation indicator jumped to its highest level in a year in July, affirming the Reserve Bank of Australia’s cautious approach to cutting interest...
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Is the AI boom finally starting to slow down? – The Guardian
Drive down the 280 freeway in San Francisco and you might believe AI is everywhere, and everything. Nearly every billboard advertises an AI related product:...
How America’s AI boom is squeezing the rest of the economy – The Economist
If artificial-intelligence models have a hometown, it is probably Ashburn, northern Virginia, just outside Washington, DC. Attentive window-seaters flying into Dulles airport might notice a...
The Long, Painful Downfall of Intel – The New York Times
The Silicon Valley chipmaker’s journey from icon to a government project, with the sale of a 10 percent stake to the Trump administration, underlines how...
Get Ready for the End of Fed Independence – WSJ
The market response to President Trump’s Monday attempt to fire a Federal Reserve governor was relatively subdued.Don’t let that fool you. If Trump’s effort to...
There Is Now Clearer Evidence AI Is Wrecking Young Americans’ Job Prospects – WSJ
Artificial intelligence is profoundly limiting some young Americans’ employment prospects, new research shows. Young workers are getting hit in fields where generative-AI tools such as...
Where has the worst inflation problem? – The Economist
The Yiddish phrase “farshlepteh krenk”, untranslatable into English, describes an illness that just won’t go away. That is how some countries’ experience of inflation has felt....
Canada’s Big Banks Expected to See Revenue Boost From Solid Capital Markets – WSJ
Canada’s biggest banks are likely set to post revenue growth following a solid quarter for credit markets and a recovery in dealmaking.Third-quarter earnings for Canada’s...
Private equity fundraising slides as sector’s downturn deepens – The Financial Times
Private equity firms are struggling to raise money despite offering unprecedented enticements to attract new investor cash, underscoring a sector-wide contraction that is denting the...
Fed’s Jackson Hole Exposes Hard Road Ahead for Central Bankers – Bloomberg
The Federal Reserve’s annual gathering in the Rocky Mountains is usually a time for central bankers and their wonky friends to kick back, discuss a...