economics

Latest in economics

A decision to start factoring buy-now, pay-later data into FICO credit scores could have major impacts on the economy.

Microloan Apps May Be Poised to Destroy the Economy

American shoppers ordering from Temu and Shein are already experiencing major sticker shocks in the wake of Trump's trade war.

Temu Addicts Suffering Withdrawal

By Victor Tangermann

Tesla Investors Suddenly Terrified as They Realize Musk Has Dug Their Grave

By Frank Landymore

A professor economist is warning that unelected billionaire Elon Musk is likely sending the United States headlong into a huge recession.

Economist Warns That Elon Musk Is About to Cause a “Deep, Deep Recession”

By Noor Al-Sibai

AI is like the fairy Tinkerbell: in the story of "Peter Pan," she only continues to exist if people believe in her and clap for her.

Artificial Intelligence

AI Is Like Tinkerbell: It Only Works If We Believe in It

By Jathan Sadowski

Tesla is slashing another 600 jobs at its facilities in California, running the gamut from factory workers to highly qualified engineers.

Tesla’s Firing Even More Employees as Crisis Deepens

By Jon Christian

Economist J. Bradford DeLong slammed Tesla CEO Elon Musk for turning the EV maker's stock into a meme stock.

Economist Slams Elon Musk for Making Tesla a “Tech-Bubble” Meme Stock

By Victor Tangermann

An ex-Coinbase executive banked big on Bitcoin bouncing back — and cashed out cashing out his bet early once it was clear that he was losing.

Crypto Guy Loses Million Dollar Bet That Bitcoin Price Would Spike

By Noor Al-Sibai

While the rest of the world is concerned about ChatGPT coming to take their jobs, some companies are paying six figures to people who are really good at it.

Companies Are Paying Bonkers Salaries for People Good at ChatGPT

By Noor Al-Sibai

A pair of Johns Hopkins economics experts eviscerated the crypto industry and equated it to cocaine in a scathing anti-regulation takedown.

Economists Compare Crypto to “Cocaine” in Scathing Takedown

By Noor Al-Sibai

But according to a pair of experts, the frothy hype cycle surrounding chatbot AI systems is doomed to be what investors fear most: a bubble.

Artificial Intelligence

Economist Says AI Is a Doomed Bubble

By Maggie Harrison Dupré

The tech industry appears to be bearing the brunt of 2022's economic downturn, with recent and planned layoffs totaling in the tens of thousands.

Big Tech Announced More Than 45,000 Layoffs in Recent Months

By Noor Al-Sibai

Academic Twitter has exploded with PNAS jokes after the hilariously-abbreviated journal published a nuclear economics take.

Even Professional Scientists Think the Journal PNAS Has a Hilarious Name

By Noor Al-Sibai

A famous investor is warning his clients that the financial "superbubble" is getting ready to burst — and that it will soon reach an "epic finale."

Investor Warns That a “Superbubble” May Be About to Burst in a Financial “Tragedy”

By Noor Al-Sibai

It's illegal for any one nation to lay claim to property in outer space, but that's not stopping one economic think tank from pushing for lunar property sales.

Economist Mocked for Proposing That We Sell the Moon

By Noor Al-Sibai

Months after El Salvador announced that it would accept bitcoin as legal tender, the country has found itself on the verge of economic collapse yet again.

An Entire Country Switched to Bitcoin and Now Its Economy Is Floundering

By Tony Ho Tran