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AI IN LABOR MARKET
Up to 12 pc of non-agri jobs at risk of substitution due to Gen AI: ReportIn a special report, Wall Street brokerage Goldman Sachs said the labour market impacts of gen-AI are expected to be "uneven" and it looks ...- US stocks: S&P 500 ends higher as investors await tech earningsThe S&P 500 index closed higher on Tuesday, boosted by gains in Boeing and Coca-Cola. Chip stocks experienced a significant decline as inve...
- PayPal presses on with turnaround in pivotal quarter as sale questions lingerPayPal has detailed its cost-saving plans through 2029. The company also raised its 2026 profit forecast above market expectations. These r...
- US President Trump's economy at 18 months is a tale of shocks, resilience, and signs of stalled progressPresident Trump's initial eighteen months saw economic shocks from immigration and tariffs. An Iran war also impacted oil prices and global...
- Charting the global economy: Growth picks up, AI boom continuesUS unemployment claims reached a near 60-year low, signaling a stable labor market. The European Central Bank rejected an immediate rate hi...
- US Federal Reserve expected to hold rates steady as inflation swirlsThe US Federal Reserve is set to hold its second meeting under new chairman Kevin Warsh starting Tuesday, with markets expecting policymake...
- Stock picks of the week: 6 stocks with consistent score improvement and upside potential of up to 26%The US-Iran war continues to create uncertainty for markets across the globe. But more so in India, due to the high correlation between ene...
- US stocks today: Nasdaq lags on angst over AI spending ahead of earnings reportsU.S. markets closed mixed as the Nasdaq declined on chip stock weakness driven by concerns over heavy AI spending, while the Dow rose and t...
- US stocks today: S&P 500, Nasdaq fall as investors juggle earnings, Mideast risks and tariffsMajor stock indices experienced declines as concerns over artificial intelligence spending intensified. New tariffs and escalating Middle E...
- Trump pledge on data center power supplies draws skepticismPresident Donald Trump announced a non-binding pledge for energy infrastructure. Power producers and data centers will fund massive AI-rela...
- AI could lift Sub-Saharan Africa economy 4% if power, internet improve, IMF saysAs countries and companies race to secure AI's economic benefits, investment in data centres, energy infrastructure and digital networks ...
- Companies Are Laying Off Workers Because of AI’s Potential—Not Its PerformanceAI has been cited as a cause of layoffs, but is it actually displacing jobs? And if not, what’s going on? Based on a survey of 1,006 global...
- The New Oil? Why the world is chasing copperCopper has emerged as a strategic commodity powering the global shift towards clean energy, electric vehicles and digital infrastructure. W...
- US Stock Market: Fed's Jefferson signals openness to rate hike if inflation stays elevatedFederal Reserve Vice Chair Philip Jefferson indicated potential interest rate hikes if inflation fails to improve. Current policy remains a...
- Fed's Logan calls for 'modestly higher' interest ratesDallas Fed President Lorie Logan signaled support for higher interest rates, warning inflation remains above target and policy is not restr...
- Fed's Warsh says AI investment won't be inflationary, will boost jobsFederal Reserve Chairman Kevin Warsh addressed AI's influence on investment prices. He stated that AI-driven investment will not be inflati...
- NY Fed's John Williams: "Unquestionably too-high" inflation may soon subsideJohn Williams, the president of the New York Fed, asserts that inflation is likely at its peak and should soon begin to taper off. He proje...
- Wells Fargo tops profit estimates on interest income boost, trading boomWells Fargo reported a significant profit increase in the second quarter. Strong trading desks and robust loan growth fueled this positive ...
- US stocks today: US stocks end lower as Iran tensions dampen risk appetite; chipmakers dropTech stocks dragged Wall Street lower as escalating US Iran tensions and a renewed blockade lifted oil prices and dented risk appetite. Nas...
- Mulling AI investment, Anthropic lobbied Australia on copyright lawAnthropic's chief executive Dario Amodei has lobbied Australian officials for "copyright reform" as the artificial intelligence giant seeks...
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