Apple’s AI: We’ve seen some of this before – CNN
Apple is about to throw artificial intelligence into the mainstream, but some of it is similar to what its competitors are already doing. In a
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Used Car Wholesale Prices Continue Plunge, Gave up 59% of Pandemic Spike. But still up 35% from Jan 2020: EVs +72%, ICE Vehicles +34% – Wolf Street
Used vehicle prices are in a historic downward spiral, unwinding the hugest-ever price spike that had built up during the pandemic. Despite the plunge, wholesale
Dollar Dominance in the International Reserve System: An Update
Dollar dominance—the outsized role of the US dollar in the world economy—has been brought into focus recently as the robustness of the US economy, tighter
World Bank Raises Global Growth Forecast on Strong US Expansion – Bloomberg
The World Bank raised its forecast for global growth this year on strong US expansion, while warning that climate change, wars and high debt will
Fed’s Higher-for-Longer Stance Hits Firms That Expected Rate Cut – Bloomberg
American businesses and consumers started the year thinking interest rates would finally come down, making big plans to buy equipment or a house. Now all
ECB’s Lane Says Euro Moves Haven’t Impacted Inflation – WSJ
The euro’s move against the U.S. dollar in advance of and since the European Central Bank’s decision to lower its key rate have been too
A massive day for the US economy is coming: What to watch – CNN
Wall Street is being dealt a rare double feature of economic newson Wednesday, when an inflation report is due in the morning and the Federal
Hey Siri! Help me get Apple out of an AI-shaped hole – The Economist
Tim Cook has an air of bashful reverence. In his 13 years at the helm of Apple he has created more value than just about
Strong wage growth will further delay cut in UK interest rates, City believes – The Guardian
Persistently strong wage pressure is set to delay a cut in interest rates until well after the election despite mounting evidence that the UK jobs
The Way Forward for Services-Led Economic Development
Today’s developing economies are in a bind, because innovation in manufacturing has taken a predominantly skill-biased form, reducing demand for workers with relatively low levels