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Concerns about how AI will affect workers continue to rise in lockstep with the pace of advancements and new products promising automation and efficiency. Evidence suggests that fear is warranted. A November MIT study found an estimated 11.7% of jobs could already be automated using AI. Surveys have shown employers are already eliminating entry-level jobs…
It has been an increasingly puzzling week for market watchers and economists alike, as the American economy continues to resist a recession and stymy policymakers hoping to lower inflation and stave off a downturn. A gangbusters September jobs report is putting the efficacy of Federal Reserve interest rate hikes into question, just as falling crude…
5 key takeaways from the Federal Reserve’s rate hikes The Federal Reserve ramped up its battle against inflation Wednesday with another large interest rate hike amid griping that the central bank’s efforts will plunge the U.S. into a recession. The Fed boosted its baseline interest rate range by 0.75 percentage points for the fourth…