Can artificial intelligence be so transformative as to solve one of the U.S. economy’s biggest problems: its skyrocketing fiscal deficit? According to three economists at the Brookings Institution, the answer is yes — AI could prove a positive “critical shock” for the country’s fiscal health. A working paper released last month by the Center on … Read more
Mexican President Claudia Sheinbaum speaks after reading a letter to be sent to U.S. President-elect Donald Trump, warning that tariffs would cause inflation and job losses in both countries, at National Palace in Mexico City, Mexico, November 26, 2024. Presidencia De Mexico | Via Reuters Mexican President Claudia Sheinbaum said on Wednesday Mexico would retaliate … Read more
Future hall-of-fame tight end Rob Gronkowski says he bought $69,000 worth of Apple stock in 2014 based on advice from a contractor working on his Foxborough, Massachusetts, home, reports Fortune. “I [had] never been involved in stocks,” Gronkowski said. “I really didn’t know how stocks work. So I was like, ‘All right, let me do … Read more
People enter LaGuardia Airport (LGA) on one of the busiest travel days of the year on November 26, 2024 in New York City. Spencer Platt | Getty Images With Thanksgiving holiday travel well underway, many have reached their destinations — but for everyone else, a storm tracking from the Rockies to the Midwest and Northeast … Read more
Stocks that went on massive runs this year may not see the same momentum carry over into 2025, according to Wall Street analysts’ consensus targets. The S & P 500 has jumped nearly 26% this year, touching the 6,000 mark on Tuesday as investors continued to pile into technology, energy, industrial and utility companies tied … Read more
Denmark’s navy said on Nov. 20, 2024 it was shadowing a Chinese cargo vessel in the Baltic Sea, a day after Finland and Sweden opened investigations into suspected sabotage of two severed undersea telecoms cables. Mikkel Berg Pedersen | Ritzau Scanpix | Afp via Getty Images Geopolitical tensions are brewing globally over the cutting of … Read more
Aerial view of the Moscow Kremlin landmarks: St. Basil’s Cathedral, Kremlin, Spasskaya Tower and Red Square Sergey Alimov | Moment | Getty Images Russian authorities are trying to stem panic over the ruble’s sharp fall this week, with the central bank forced to intervene on Wednesday to support the currency. The ruble weakened to 114 … Read more
A social media ban for children under 16 passed the Australian Senate Thursday and will soon become a world-first law. The law will make platforms including TikTok, Facebook, Snapchat, Reddit, X and Instagram liable for fines of up to 50 million Australian dollars ($33 million) for systemic failures to prevent children younger than 16 from holding accounts. … Read more
People walk along the Chatelet Les Halles area of Paris during the snowfall of Storm Caetano. Sopa Images | Lightrocket | Getty Images France’s brewing political crisis is spilling into financial markets with the country’s borrowing costs hitting the same level as debt-ridden Greece’s for the first time on record Thursday. The spread — the … Read more
The container ship Gunde Maersk docked at the Port of Oakland on June 24, 2024, in Oakland, California. Justin Sullivan | Getty Images SINGAPORE — Denmark-based shipping and logistics giant Maersk unveiled its latest dual-fuel methanol vessel in the Southeast Asian country on Thursday as the industry ramps up decarbonization efforts. The newly named A.P. … Read more