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Economics Headlines
Danville City Council shifts focus to poverty, economy and education wset.com
WSET ABC 13 covers news, sports and weather in the Heart of Virginia: Lynchburg, Danville and Roanoke and nearby communities including Amherst, Lexington, Cave Spring, Blacksburg, Martinsville, Farmville, North Shore, Glasgow, Altavista, Gretna, Chatham, Blairs, Bassett, Rocky Mt, Penhook, Moneta and Buena Vista
Source: wset.com
Treasury Secretary Scott Bessent: ‘K-shaped economy is over’ and I’m ‘sick of hearing’ about it fastcompany.com
Bessent made the comments in an interview on Tuesday—but economists say the data tells a different story.
Source: fastcompany.com
Report: Anchorage economy faces headwinds but also opportunity with JBER investments adn.com
About 2,700 new military personnel and families at Joint Base Elmendorf-Richardson will help support the city’s economy.
Source: adn.com
Trump claims he’s presiding over the ‘greatest economy we’ve ever had by far.’ Most Americans disagree. cnn.com
Source: cnn.com
Watch Sequoia Capital’s $10 Billion Plan for the AI Economy bloomberg.com
Sequoia Capital has backed many of the defining companies of the last half-century, from Apple and Google to Nvidia and SpaceX. Now, co-stewards Alfred Lin and Pat Grady join Bloomberg to discuss the firm’s next chapter, why it made a franchise-defining investment in Anthropic, its renewed focus on semiconductors, and how Sequoia is adapting its investment philosophy for the AI era. They join Ed Ludlow for an extensive exclusive interview on “Bloomberg Tech.”
Source: bloomberg.com
Oregonians with some college but no degree could help state economy, university budget woes opb.org
More than 825,000 Oregonians went to college but never finished. Getting them back in school and credentialed could unlock an economic boom in the state.
Source: opb.org
Drought Threatens a Vital Economic Artery in the Heart of Europe nytimes.com
The Rhine conveys vessels and cargo that power European industry. Record low water levels are disrupting supply chains, adding costs and presenting fresh risks to growth.
Source: nytimes.com
Iran’s president blames foreign pressure as expert warns regime’s economy nears breaking point foxnews.com
Reports of Iranians stealing bread, cheese and meat from supermarkets align with food inflation exceeding 112%, raising fears of a breaking point.
Source: foxnews.com
AI-fueled white-collar job wipeout is unlikely, Vanguard economist says businessinsider.com
Fears of an AI-fueled culling of white-collar jobs have risen, but one economist argues most functions aren’t at risk of being replaced by the technology.
Source: businessinsider.com
Job cuts plunge to a 2-year low despite AI fears, economic shocks cbsnews.com
Source: cbsnews.com
How big is the US Postal Service? Among the largest in business or government brookings.edu
The U.S. Postal Service is one of America’s largest employers and retail networks. Here’s how its workforce, revenue, and reach compare with major companies.
Source: brookings.edu
How the AI Chip Boom Is Reshaping South Korea’s Markets, Economy and Society bloomberg.com
Semiconductor workers are the new social elite as the country finds itself in the epicenter of the artificial intelligence boom.
Source: bloomberg.com
Musk’s Attention Economy Is Slipping Into Recession bloomberg.com
Elon Musk’s empire spans energy, cars, rockets, robots and more besides. The common thread is his command of attention: attracting it, shaping it and monetizing it. The world’s wealthiest person has been busy in this regard of late, hosting two earnings calls, including this week’s inaugural one for Space Exploration Technologies Corp., or SpaceX. He also sat for a long interview with The Economist, offering visions of artificial intelligence and humanity’s future, laced with the controversy and
Source: bloomberg.com
El-Sayed wins Michigan’s primary. And, Fauci faces contempt of Congress vote npr.org
Abdul El-Sayed has won Michigan’s Democratic Senate primary and will face Republican Congressman Mike Rogers in the midterms. And, today, Dr. Anthony Fauci faces a contempt of Congress vote.
Source: npr.org
Commentary: We need to fight against the corporate takeover of R.I.’s working waterfront bostonglobe.com
By empowering the people who work at our marinas, we can keep the blue economy local, writes Lieutenant Governor Sabina Matos.
Source: bostonglobe.com
