One of Stanford’s original AI gurus says productivity liftoff has begun after doubling in 2025 amid transition to ‘harvest phase’ along J-curve
The K-shaped economy has dominated discourse lately, but the J-curve is entering the chat too amid debate over AI’s impact on productivity.The curve refers to the idea that general-purpose technologies…
China expanding aid for Russia’s war, Western officials say
China increased its support for Russia’s war in Ukraine in 2025 and is likely to deepen cooperation with Moscow further this year, Western officials said, casting doubt on efforts by…
A U.S. ‘debt spiral’ could start soon as the interest rate on government borrowing is poised to exceed economic growth, budget watchdog says
Total federal debt is nearing an ominous milestone in a few years, but a potentially more troubling tipping point could also arrive soon.A key driver in interest costs is the…
Asia’s next generation, globally-educated and financially-literate, are taking control of their wealth
Previously, Asia’s rich were “typically very busy with business, so they looked to bankers to help them manage their wealth,” Alice Tan, head of group wealth management for Malaysian bank…
AI is everywhere except in the data, suggesting it will enhance labor in some sectors rather than replace workers in all sectors, top economist says
Despite hopes for unlocking a new era soaring growth and abundance, AI has yet to manifest itself clearly in macro data, according to Apollo Chief Economic Torsten Slok.The same thing…
America’s vanishing cattle herd drives 15% price hikes for beef
While the cattle industry is cyclical, the current contraction has lasted longer than expected because there’s a lot more money to be made selling animals for slaughter while very young…
Newsom pleads with U.S. allies in Europe to see Trump as temporary
California Governor Gavin Newsom told a panel at the Munich Security Conference Saturday that he traveled there to reassure European allies that “Trump is temporary.”President Donald Trump’s brand of politics…
Trump’s Caribbean surge nears $3 billion price tag so far
But the US military posture in the Caribbean is costing billions. Bloomberg calculations show the operational price tag of the ships deployed there hit more than $20 million a day…
Golfers sue over Trump’s overhaul of 100-year-old public course so it doesn’t become ‘another private playground for the privileged and powerful’
The complaint filed against the Department of the Interior on Friday says that the Trump administration’s reconstruction of East Potomac Park — which includes the East Potomac Golf Course —…
Anthropic CEO Dario Amodei explains his spending caution, warning if AI growth forecasts are off by just a year, ‘then you go bankrupt’
While AI hyperscalers are committing hundreds of billions of dollar per year on capital expenditures, Anthropic’s spending plans are more cautious by comparison.But cofounder and CEO Dario Amodei said the…
