A recent report reveals that Indians in New Zealand contribute an impressive 8.6% to the country’s GDP, supported by entrepreneurship, high education levels, and a growing workforce.
Initial U.S. jobless claims dipped to 215,000 amid a slowdown in June hiring, reflecting a labor market with minimal layoffs but reduced job growth momentum.
The Federal Reserve appointed Marc Andreessen to lead a new task force examining how AI and automation impact employment, wages, and economic productivity.
The Federal Reserve has appointed prominent economists and business figures—including Marc Andreessen and a former Walmart CEO—to co-lead five task forces aimed at reviewing and updating the bank’s operational framework.
AI investments surged to $235 billion in 2024, yet nearly half of companies report automation savings below expectations, highlighting ongoing struggles to prove clear financial returns.
A rebound in AI chipmakers and a fall in oil prices boosted major US stock indexes, easing inflation worries and supporting growth-focused equities.
Despite the largest supply disruption in history triggered by conflict around Iran, global markets have stabilized faster than expected, easing fears of prolonged economic fallout.
New York Fed President John Williams highlighted artificial intelligence–induced demand as his primary inflation concern, emphasizing potential Fed rate increases if inflation proves persistent.
China’s producer prices surged at the fastest annual pace since 2022, reflecting rising industrial costs, while consumer inflation remained subdued due to weak domestic spending.
Two ex-White House economic advisers warn the AI stock bubble keeps expanding, spotlighting key AI stocks Nvidia, SpaceX, and Micron amid divergent market responses.
European markets fell sharply as escalating tensions between the U.S. and Spain and Middle East uncertainties drove oil prices higher, raising inflation worries and stalling expectations for rate cuts.
The Federal Reserve kept interest rates steady and indicated that borrowing costs will remain elevated, sidelining rate cuts amid persistent inflation risks and economic uncertainty.