AI and Power Looms: Stories About Job-Killing Tech Have a Way of Going Viral – Bloomberg
On a Sunday in late February, a small investment research firm called Citrini Research posted a 7,000-word essay on Substack that read like a piece...
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The Fed Keeps Getting Hit With New Shocks in Its Yearslong Inflation Fight – WSJ
It’s happening again.For the fifth year running, Federal Reserve officials find themselves expecting inflation to fall back to their 2% goal only to be confronted...
U.S. Trade Deficit Shrinks 25%, Driven by Gold Exports – WSJ
The U.S. trade deficit declined in January, the Commerce Department reported Thursday, continuing a volatile run for America’s trade balance that has seen imports and...
Meta just bought the social network for AI bots everyone’s been talking about – CNN
Meta, the company behind some of the world’s most popular social media platforms, just scooped up a new site – for bots. Meta has acquired...
Economists See ECB Holding Rates Until 2028 in Split From Market – Bloomberg
Economists see the European Central Bank keeping interest rates unchanged through 2027 even as inflation threats resurface. A Bloomberg survey conducted March 6-11 showed only...
AI Still Needs Consultants—For Now – WSJ
AI needs management consultants after all. OpenAI and Anthropic have struck deals with consulting firms to spread AI through the business world. Yet some experts...
AI Isn’t Lightening Workloads. It’s Making Them More Intense – WSJ
One of the great hopes for artificial intelligence—at least, among workers—is that it will ease workloads, freeing people up for more high-level, creative pursuits. So...
Time to buy the most rubbish stocks you can find – The Economist
Finance is peppered with jargon that doesn’t make much sense: “investment-grade bonds” (unlike those other, uninvestible ones), “forward guidance” (as opposed to the backward kind),...
Eurozone Fourth-Quarter Growth Revised Lower, Dragged by Irish Contraction – WSJ
Economic growth in the eurozone was a little less than previously reported in the final quarter of last year, prompted by a larger-than-expected contraction in...
America risks financial credibility with payments deficit obsession – The Financial Times
In February, President Donald Trump announced he was placing a new global tariff on US imports to “address fundamental international payments problems” and “stem the...