News
Your national economic future: AI already did the audit
1+ hour, 32+ min ago (440+ words) Attention, every economic leader on Earth: AI is not coming to rule the world. It's already dominating a divided world, and most people still don't see the split. Artificial Intelligence is Artificial Ignorance. It will never replicate the human soul....
Consumer spending rose in March, driven largely by gas prices
1+ week, 5+ day ago (337+ words) It looks like shoppers in the United States are increasingly spending their money on gas. Shoppers accelerated their spending in March from February, but they spent most of their money at the gas pump. As per the Commerce Department's report…...
Anthropic Mythos sparks concerns among the finance community over security risks
2+ week, 2+ day ago (301+ words) Finance ministers, bankers, and financiers have expressed concerns about Anthropic's Claude Mythos, over its potential to undermine security of financial systems. Experts say the model potentially has an unprecedented ability to identify and exploit cybersecurity weaknesses, though others caution further…...
Fed Chair Nominee holds lucrative stakes, including investment in Space X
2+ week, 5+ day ago (774+ words) Who is Kevin Warsh? READ: Trump threatens to sue Federal Reserve Chair Jerome Powell for incompetence(December 30, 2025) As per Reuters, Warsh's major holdings put his assets at well over $100 million, including two $50-million-plus holdings in the Juggernaut Fund LP, apparently…...
Hormuz blockade triggers food price fears in USHormuz blockade triggers food price fears in US
2+ week, 6+ day ago (422+ words) A critical global shipping chokepoint has become the latest flashpoint in an escalating economic crisis, as the closure of the Strait of Hormuz threatens to drive up food prices and disrupt agricultural production in the United States and beyond. Stretching…...
US stock futures rise on hopes of de-escalation in Iran conflict
3+ week, 6+ day ago (187+ words) It looks like investors may be growing hopeful about a possible end to the Iran war. U. S. stock index futures inched higher on Monday after the main indexes marked their biggest weekly jump in four months in the last session, as…...
Powell reassures interest rates are in "good place" amid the oil price shock
1+ mon, 3+ day ago (178+ words) Powell added that what is unfolding looks more like a market correction, with some investors losing money, but not the makings of a systemic crisis. READ: Trump threatens to sue Federal Reserve Chair Jerome Powell for incompetence(December 30, 2025) Powell also…...
How Americans are saving money as gas prices continue to rise
1+ mon, 1+ week ago (318+ words) Gas prices are through the roof nowadays, and people across the U. S. are taking various measures to save money on it. This includes using the long gas lines at Costco and Sam's Club, downloading the Gas Buddy mobile app to scout…...
Dollar slips as energy shock reshapes rate outlook amid Middle East tensions
1+ mon, 2+ week ago (485+ words) The U. S. dollar has come under pressure amid soaring energy prices triggered by the U. S. -Israel war on Iran. The greenback slipped from multi-month highs this week as rising oil and gas costs disrupted expectations for global interest rates, leaving the U. S. Federal…...
Federal reserve chair Jerome Powell says job creation is at zero
1+ mon, 2+ week ago (443+ words) Federal Reserve Chair Jerome Powell said on Wednesday that job creation in the U. S. has slowed down to essentially zero as the Fed released its latest economic projections, which included slightly higher economic growth than previously projected and little change to…...