SproutingAndSprouting

Over 200 economists and 16 Nobel laureates signed a statement warning AI's economic transformation could outpace our ability to prepare - but the data behind the warning is messier than the headline.

Top Economists Issue Stark AI Warning On Jobs More than 200 economists and AI researchers have urged governments and institutions to act now on AI’s economic impact, per AP News.

The average U.S. home is less affordable to the average American than at any point in recent history, according to CBS News.

Bank of Canada survey finds businesses bracing for recession as economic confidence weakens

Since June 22, Michigan has reported more than 170 cases of cyclosporiasis, an illness that mostly originates from contaminated food and water and can cause severe gastrointestinal symptoms, like explosive diarrhea.

A severe flood occurred in Guangxi Province of China. The authorities acted promptly and, with all emergency measures in place, relocated 130,000 people to safe areas. If it happened in the United States, it would be a completely different situation.

Asian markets choppy as US jobs data douse Fed rate hike bets.

US markets slipped as Fed signals remain unclear on rate cuts. Investors cautious, especially in tech stocks as volatility dominates sentiment.

America on fire! More than 50 wildfires are currently burning over 365,000 acres in western United States! 🔥

The U.S. dollar clung to a more than two-month high on Thursday as markets ramped up wagers on Federal Reserve rate hikes this year, heaping fresh pressure on the Japanese yen toward intervention territory.

U.S. inflation accelerates, putting significant pressure on economic development.

Professor of Applied Economics Steve Hanke:"US inflation has SURGED to 4.2%. That's OVER 2X higher than the target of 2%." THE INFLATION GENIE IS OUT OF THE BOTTLE.

Gas, groceries, utilities—costs keep rising, and families are feeling the strain.

The US economy demonstrates resilience, but public financial confidence has plunged to an all-time low.

The U.S. economy added 172,000 jobs last month, double what was expected. The stock market then had its worst day of the year.

Mark Zandi warns that the US economy's growth is fragile. Inflation, tariffs, and the Iran war pose risks, while Fed policy remains uncertain.

The University of Michigan's Consumer Sentiment Index has once again hit a record low, and the public's trust in the economy has yet to recover since the pandemic.