How to characterize the American economy — from broken to just bizarre – CNN
The US economy is going from broken to bizarre. Covid crashed the American economy three years ago with no playbook for the wild recovery that...
Author : Nelli Avetisyan
Your job is (probably) safe from artificial intelligence – The Economist
The age of “generative” artificial intelligence has well and truly arrived. Openai’s chatbots, which use large-language-model (llm) technology, got the ball rolling in November. Now...
Bank of England set to raise interest rates to highest level since 2008 – The Financial Times
The Bank of England is set to raise interest rates to their highest level since 2008 on Thursday in the wake of official data last...
Will the US default on debt on 1 June? A really simple guide to debt ceiling – BBC News
The US government could start to run out of money within weeks unless it allows itself to borrow more. So how did we get to...
AI needs superintelligent regulation
Powerful artificial intelligence systems can be of enormous benefit to society and help us tackle some of the world’s biggest problems. Machine learning models are...
Powell’s Bet Against Recession Looks Good — Minus the Credit Crunch and a DC Standoff – Bloomberg
Federal Reserve Chair Jerome Powell reckons the US economy can skirt recession. But the odds are stacked against him — thanks to banking, politics, and...
In New World of Trade Diplomacy, Free Trade and Tariffs Take a Back Seat – WSJ
In just the past year, the Biden administration has opened talks with Japan, the European Union, and more than 20 countries from India to Peru...
This is how the banking crisis ends – CNN
US regional bank stocks veered wildly on Thursday and Friday, accentuating fears that federal regulators have not yet contained a crisis in the sector that...
Bank of England may have to raise rates to 5% this summer, says Goldman Sachs – The Guardian
The Bank of England could be forced to raise interest rates to 5% this summer, Goldman Sachs has warned, as Britain struggles to bring down...
Thousands of Jobs Were Added in April—Even in Industries With Layoffs – WSJ
Employers across the economy cranked out jobs last month, despite Amazon, Disney, General Motors and other high-profile companies recently cutting staff. Overall, April employment held...