The New York Times AI·
The key is understanding how our labor market and our social net differs from the rest of the world.
Read full articleKashkari's focus on inflation over employment suggests prolonged high interest rates, impacting borrowing costs and investment strategies. The post Neel Kashkari: Labor market not causing inflation right now appeared first on Crypto Briefing.
Revised job data suggests a stronger economy, potentially delaying rate cuts and impacting crypto markets by increasing opportunity costs. The post US labor market data revisions may indicate stronger job growth, and crypto markets are paying attention appeared first on Crypto Briefing.
Guardian readers in the US share concerns about how the SpaceX IPO and AI boom affect their retirement accounts Elon Musk became the world’s first trillionaire last week after SpaceX debuted on the stock market with a valuation of $1.77tn. Millions of Americans could soon become indirect investors in SpaceX and other emerging AI-focused companies as US markets increasingly shift toward AI-driven investments. Continue reading...
Stable jobless claims suggest economic resilience, potentially influencing Fed policy and investor confidence amid macroeconomic uncertainties. The post US unemployment benefit applications fall, signaling labor market stability appeared first on Crypto Briefing.
A steady labor market with rising continuing claims may pressure the Fed to adjust monetary policy, impacting financial conditions and investments. The post US jobless claims hit 226K as labor market holds steady, continuing claims reach 1.81M appeared first on Crypto Briefing.
The looming shortfalls in Social Security and Medicare could lead to reduced benefits, prompting urgent policy reforms and financial planning shifts. The post Social Security and Medicare trustees reports paint a grim picture for millions of Americans appeared first on Crypto Briefing.
According to the latest Pew Research poll, 49 percent of Americans report using chatbots at least occasionally, but 63 percent think the tech is advancing too quickly. Overall, use of AI chatbots has increased dramatically since 2024, when only 33 percent reported using them. Specifically, ChatGPT's usage has doubled since 2023, with 44 percent of respondents saying they've used it. But opinions remain negative, with only 16 percent saying that AI will have a positive impact on society. Interestingly, it's the younger generations who both report using AI more and who are inclined to have a more pessimistic view. 66 percent of Americans betw … Read the full story at The Verge.
Although Wall Street loves AI, every day Americans are significantly less optimistic about the industry, a new report from Pew Research shows.
