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IMPACT OF AI ON LABOR MARKET
BIS chief Pablo Hernández de Cos warns of a second-round inflation threat from energy pricesCentral banks must monitor energy price impacts and potential second-round inflation effects. Global regulatory coordination is crucial for...
Oracle tops estimates as AI demand tempers cash-burn fearsShares of the company, which have slumped more than 21% this year, rose 4% in extended trading after Oracle reported a jump in revenue back...
US unemployment claims dip to 206,000 as layoffs continue to remain rareUnemployment claims have experienced a modest decline last week, remaining historically low. Companies are reluctant to make layoffs, recal...
ET AI Hackathon: Agentic Edition - Accenture joins The Economic Times to champion the next generation of AI innovatorsAs AI systems move from generating responses to taking action, the skills required to build them are changing. With Accenture joining The E...
AI boom poses new financial stability risks, BIS head saysThe BIS estimates the world's five largest technology firms will invest more than $1 trillion in AI between 2025 and 2026, while industry ...
Maharashtra moves closer to becoming India’s first 'tokenised state': Fadnavis on asset tokenisationMaharashtra is progressing towards becoming India's first tokenised state. The proposed DELTA Act will create a legal framework for blockch...
BFSI moves beyond AI pilots as firms chase measurable business value: ReportIndian financial institutions are deploying artificial intelligence across many operational areas. These deployments show productivity gain...
US bond yields near 5%: What it could mean for stocks, corporate borrowing and the economyUS 10-year Treasury yields are nearing the 5% mark, raising concerns over the impact of higher borrowing costs on stocks, corporate financi...
Cognizant’s US immigration troubles: From visa lawsuits to latest green-card filing suspensionCognizant’s US immigration practices are back under scrutiny after authorities suspended its employment-based green-card filings amid a fed...
Cognizant’s US green-card filings suspended amid fraud probe: What it means for employeesCognizant’s US green-card labour certification filings have been suspended amid a federal fraud investigation, according to Labor Departmen...
Farmers embrace AI more than any other tech, McKinsey saysThe AI adoption follows a multiyear farm slump that crimped spending amid rising costs for agricultural inputs.
AI's left hand begins to take away jobs before its right hand canIn response to soaring chip prices, Samsung India is downsizing its electronics division. The burgeoning demand for specialized chips fuele...
Labor Day 2026: What’s open and closed on Monday, from banks and post offices to Walmart and CostcoLabor Day 2026 is being observed on Monday, September 7, giving Americans a chance to honor the contributions and achievements of workers a...
AI may not take your job, but it could remove the first rung of your career ladderAI may not be causing mass unemployment yet, but it could be removing the entry-level jobs through which young workers traditionally build ...
Wall Street Week Ahead:Investors to pore over inflation data for signals on rate trajectoryInvestors await crucial inflation data next week which may decide the Fed's interest rate move. The S&P 500 index is nearing its record hig...
US stocks today: Dow soars 600 pts, S&P, Nasdaq over 1% as Fed governor Waller's remarks ease rate hike fearsUS stocks rallied over 1% on Thursday as Fed Governor Christopher Waller's comments eased rate hike fears ahead of the US jobs report. The ...
US economic activity rises modestly, inflation pressures persist: Fed Beige BookRecent reports indicate a modest growth in US economic activity alongside slight increases in employment figures. However, moderate price r...
In 2005, Jeff Bezos launched a platform he called “artificial artificial intelligence” that once had more than 500,000 workers. Amazon is now shutting it downAmazon has announced that it will shut down its Mechanical Turk crowdsourcing platform on September 30, 2026, after two decades of connecti...
ET AI Awards 2027: Recognising India’s leading AI products, innovations and leadersAs India moves from AI experimentation to real-world application, the ET AI Awards 2027 recognise organisations, teams and leaders driving ...
US Fed's Michael Barr warns central bank may need to raise rates if inflation stays highFederal Reserve Governor Michael Barr indicated potential interest rate increases if inflation remains elevated. He stated that the central...