economy (Page 2)

Latest in economy

A new analysis predicts that AI hype might drastically disrupt the economy well before the tech is ready to transform our lives.

Artificial Intelligence

AI Hype Will Plunge America Into Financial Ruin, Economist Warns

As Western investors balk at the growing cost of US AI development, the Chinese tech sector is soaring, fueled by a robust STEM education.

China’s Tech Sector Is Absolutely Crushing America’s Right Now

State legislators are lining up to be the first to gamble away public funds in digital assets like crypto and NFTs.

States Are Racing to Throw Taxpayers’ Money Into “Strategic Cryptocurrency Reserves”

More consumers are buying sausages rather than more expensive cuts of meat, a sign that people are feeling the pinch from runaway prices

Economists Alarmed by Growing Demand for Sausage

By Sharon Adarlo

Gary Gensler, chairman of the SEC, fears that the reliance on a small number of AI models could lead to the entire finance sector to it doom.

Artificial Intelligence

SEC Chair Warns AI “Herding” Could Drive Markets “Off an Inadvertent Cliff”

By Frank Landymore

If we can't find a way to cap what this economist calls Greedflation? Capitalism, he says, might have just about run its course.

Economist Warns That Capitalism May Be Ending

By Maggie Harrison Dupré

Historic inflation means that raising a child will be more expensive too, and a new Brookings Institution estimate puts the cost well over $300,000.

Raising One Kid Now Costs a Third of a Million Dollars

By Frank Landymore

An employee in Chile really hit the jackpot this week when his employer accidentally paid him 330 times his salary on accident.

Man Who Accidentally Got Paid 330x His Salary Quits, Disappears

By Lonnie Lee Hood

Fresh off his recent Twitter-buying fail, Elon Musk is now claiming that it would be good, actually, if the world went into a recession.

Elon Says a Recession Would Be a “Good Thing”

By Noor Al-Sibai

Billionaire Bill Gates says the economy is probably going to slow down and that bear investors are right to question inflation and federal interest rates.

Bill Gates Says He’s Quite Concerned About the Global Economy

By Lonnie Lee Hood

UCLA posted a "job" opening for an assistant adjunct professor in the chemistry and biochemistry department but it's unpaid.

Miserly University Trying to “Hire” a Professor Who’s Completely Unpaid

By Lonnie Lee Hood

Impossible Foods CEO Patrick Brown says nobody will be eating meat from animal agriculture by 2035, positive news for the environment and climate change.

CEO Says It’s Possible Nobody Will Eat Meat by 2035

By Lonnie Lee Hood

Employees said workers are expected to return to Meta offices by late March but Facebook is cutting many perks and benefits they used to enjoy.

As Stock Continues to Fall, Facebook Cancels Employee Perks

By Lonnie Lee Hood

A new website uses artificial intelligence trained on public job boards to generate random resumes. But the contact information it posts may be genuine.

Artificial Intelligence

You’re Hired! This Site Generates Random Neural Network Résumés

By Dan Robitzski

A new book predicts that instead of continuing to rise, the population will level out in about 30 years — and then start to decline, possibly forever.

New Projection: World Population Will Level off, Then Fall Forever

By Jon Christian

A nearly billion-dollar debt is about to come due for Tesla. That's more bad news about a trying month for the futuristic automaker.

More Bad News: Tesla Is About to Owe $920 Million in Debt

By Jon Christian

According to research by Standard Chartered Bank, China will have the world's strongest economy by next year, with India taking second place by 2030.

China Poised to Overtake US Economy in 2020

By Dan Robitzski

If governments don't take swift action against climate change, the global economy could be headed for a crisis, according to investors.

Climate Change May Trigger an Economic Crisis. We Could Prevent It.

By Kristin Houser

The number of AI-trained job-seekers simply isn't high enough to meet the demand for these employees, according to a new Reuters report.

Artificial Intelligence

A Shortage of Trained Job-Seekers Is Holding AI Back

By Kristin Houser

Global demand for fossil fuels could peak a decade before experts had previously predicted, which could spell trouble for the economy.

Experts Warn That Demand for Fossil Fuels Could Peak a Decade Earlier Than Predicted

By Jon Christian

When Governments Cook The GDP Books, Satellite Images Can Keep Them In Check

When Governments Cook The GDP Books, Satellite Images Can Keep Them In Check

By Dan Robitzski

It’ll Take More Than $1.4 Billion to Make the UK the World Leader in AI

Artificial Intelligence

It’ll Take More Than $1.4 Billion to Make the UK the World Leader in AI

By Kristin Houser

UBI in the U.S.

Universal Basic Income

Experts Say a Universal Basic Income Would Boost US Economy by Staggering $2.5 Trillion

money taxes new england complex systems institute economy

Research Shows Inequality Is Solved With Wealth Redistribution, Not Tax Cuts

automation taxes economy work

Politicians in San Francisco Want to Extend Payroll Taxes to Include Robots

Slack CEO Voices His Support for Universal Basic Income

Universal Basic Income

Slack CEO Voices His Support for Universal Basic Income

Study: The Driverless Vehicle Market Will Hit $7 Trillion Annually by 2050

Advanced Transport

Study: The Driverless Vehicle Market Will Hit $7 Trillion Annually by 2050

bitcoin blockchain economy china

Bitcoin Surges Past $2,200

Blame Displacement of Jobs on Automation, Not Offshoring and Immigration

Blame Displacement of Jobs on Automation, Not Offshoring and Immigration

By June Javelosa

A $10 Million Investment Is Set to Determine If Universal Basic Income Would Work in the U.S.

Universal Basic Income

A $10 Million Investment Is Set to Determine If Universal Basic Income Would Work in the U.S.

By Eleazer Corpuz

The Climate Crisis and the Myth of ‘Green’ Capitalism

The Climate Crisis and the Myth of ‘Green’ Capitalism