BofA throws cold water on AI apocalypse panic: 60% of today’s jobs didn’t exist in 1940
The doomsday crowd may want to check its history books.The bank’s central argument is simple: 60% of the jobs that exist in the United States today didn’t exist in 1940.…
America is lucky it’s no longer a manufacturing powerhouse—it’s what’s protecting the U.S. economy from the worst of the oil shock, top economist says
But despite all this, one economist argues it could be much worse.Eswar Prasad, senior professor of trade policy and economics at Cornell University, said Americans can thank the U.S. losing…
Investors endorse Greg Abel—even as Berkshire crowd thins without Buffett as CEO. ‘This was definitely the meeting with the deepest insights’
After 60 years as CEO of the conglomerate which owns everything from Dairy Queen to insurer Geico, Warren Buffett handed over the reins to Abel but is advising him and…
As economic despair mounts, Russian official admits the country has had enough of Putin’s war on Ukraine. ‘We can’t even take one region’
Vladimir Putin is losing the Russian people as the economy and his war machine go in reverse amid withering Ukrainian attacks. After Russia launched a sudden invasion in 2022, Putin…
Basic goods in Cuba are increasingly sold in U.S. dollars as economy collapses. ‘Everything is scarce here — everything — even that wretched bread’
The shelves once laden with goods during his childhood sat nearly empty in late April, with barely anything to offer the 5,000 clients who depend on the state-run store for…
A decade after the ‘Godfather of AI’ said radiologists were obsolete, their salaries are up to $571K and demand is growing fast
At the time, he said people should even stop training new radiologists because it was “completely obvious” that within five years (or 10 at most) AI would do a better…
Markets on alert as Trump vows ‘Project Freedom’ for Hormuz, setting up potential showdown after renewed attacks on ships
Financial markets were muted on Sunday as investors were reluctant to bite on the latest well-timed social media post from President Donald Trump about Iran.Futures tied to the Dow Jones industrial average…
Meme stock GameStop pitches $56 Billion takeover of eBay
Cohen is now proposing to take over a company roughly four times larger than the retail chain he operates. GameStop had a market value of $12 billion as of Friday.…
Employee revolt once forced Google to back off on military contracts. But, in the wake of a new Pentagon AI contract, their leverage appears limited
While Google has struck a defiant tone, internal backlash appears to be mounting, with several employees criticizing the deal publicly. Tensions between tech workers and management over military applications are not…
Asia is being hammered by the Iran conflict’s economic fallout. The U.S. has the playbook to help—and every reason to
As countries around the world confront the economic fallout from the Iran conflict, Asian economies have been particularly hard hit. Energy prices have skyrocketed, economic growth forecasts have been slashed,…
