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Billionaire gubernatorial hopeful Tom Steyer unveiled a plan to levy a token tax on AI data processing, channeling the proceeds into a Golden State Sovereign Wealth Fund for education, job training and cash dividends. The proposal, aimed at offsetting AI‑driven job displacement, has ignited a debate over taxing digital assets and the role of government in tech‑driven economies.
Oil prices surged past $110 a barrel on Friday as the Iran‑Israel war tightened the strategic Strait of Hormuz, sending U.S. equities into a modest weekly gain and lifting South Korean stocks nearly 3%. The price shock is fueling inflation...
Jerome Powell: “There is effectively ZERO net job creation in the private sector.” US job growth in February has been revised down from to a total loss of -92,000 jobs to -133,000 jobs. It's the largest loss since December 2020.
Bloomberg This Weekend covered a volatile mix of headlines, from the downing of a U.S. F‑15 over Iranian airspace and the still‑missing pilot, to a surprisingly strong March jobs report, NASA’s Artemis II lunar mission updates, and a dip in Easter...
U.S. consumer price index is projected to jump 1% in March, the strongest monthly gain since 2022, driven by roughly $1‑per‑gallon gasoline price spikes linked to the Iran conflict. Core CPI, which strips out food and energy, is expected to...
The Iran‑Israel conflict sent crude above $110 a barrel, prompting the U.S. 10‑year Treasury yield to slip to 4.30% from 4.32% as investors reassessed inflation and growth risks. The move sparked a broader sell‑off in sovereign and corporate bonds worldwide.
U.S. economists are now labeling the post‑pandemic recovery an “E‑shaped” economy, where the middle class forms the central bar of the letter while the upper and lower tiers diverge upward and downward. The model builds on the earlier K‑shaped narrative...
The Labor Department reported a gain of 178,000 non‑farm jobs in March and a drop in the unemployment rate to 4.3%, the strongest payroll surge in 15 months. Economists say the surge reflects the end of a health‑care strike and...
The Securities Industry and Financial Markets Association (SIFMA) told dealers to confine dollar‑denominated bond trades to the 12 pm‑4 pm New York window, citing thin liquidity ahead of the March payrolls release. Futures on the S&P 500 and Nasdaq fell 0.2‑0.3%, while the 10‑year...
22,500 jobs a month would have set off alarms two years ago. Today it might be fine. Fed officials are still grappling with how to explain that. “Conveying that a zero-job-growth economy is consistent with full employment is not easy,”...
The jobs reports are not accurate and never have been. America is in SERIOUS trouble because people with jobs pay taxes, and if people don't have jobs, less tax revenue is collected, so less money for the politicians to commit fraud...
A new report from the Postsecondary Education and Economic Research Center finds that graduate degrees in traditionally "AI‑proof" fields such as psychology and education generate negative cost‑adjusted returns, with psychology at –8% and clinical psychology at –5%. Even high‑earning majors...
For the first time ever, a pound of ground beef costs more than minimum wage. That’s not just inflation. It’s the breakdown between wages and the cost of essentials. #Economy #Inflation #CostOfLiving
Inflationary regime... stocks & bonds moving together JPMAM While that means less diversification, it also means higher bond yields vs the 2010s.. when bonds zigged when stocks zagged... it's a trade-off. https://t.co/VNDHInIcmI
The March employment report surprised analysts, showing 178,000 net jobs added—well above the 65,000 consensus forecast. The unemployment rate edged down to 4.3% from 4.4%, while average wages rose only 0.2% month‑over‑month, missing the 0.3% projection. Job creation was concentrated in...
An overlooked aspect of the March jobs report: total hours worked actually fell in the month https://t.co/ZdEGUdFNjX
Breakeven rate of job growth to keep the unemployment rate steady is probably under 50k... immigration (or lack thereof) is the driver.. JPMAM https://t.co/IwfJaneYQ3
