The ongoing political conflict in the Middle East has caused oil prices to rise, raising fears of inflation that could damage the US economy. The last time inflation rose suddenly was in 2022, and it forced the Federal Reserve to raise interest rates so quickly S&P 500 (SNPINDEX: ^GSPC) The index fell by more than … Read more
Laura Ullrich sympathizes with college students looking for work. The director of economic research for the workplace is certainly aware of the problem. His son, a data scientist, is getting his master’s degree this year. He says: “Because of the work I do, the parents of many of his friends and his friends ask me … Read more
The conflict in the Middle East has caused oil prices in the United States to rise to their highest level in four years. It’s bad news for everyone, but the domestic effects of the war are likely to be irreparably damaging, and in the process destroy one of the great engines of economic growth. Iran’s … Read more
America’s AI vision may be undone not by a lack of money or computing power, but by a shortage of electricians. It is an agreement between two different titans of the Fortune 500: Ford CEO Jim Farley, who has spent years lamenting the crisis in what he calls the “essential economy,” and Goldman Sachs, which … Read more
Lately Good luck thoughts on how Trump-era policies are driving capitalism away, I argued that markets cannot function without trust, transparency and a shared sense of purpose. Since then, the Administration has taken another step to take the argument to the logical—and downright scary—next step. The Environmental Protection Agency (EPA) did something unusual as a … Read more
Employers are under tremendous pressure to embrace AI and ditch the workforce. Investors and CEOs are obsessed with reducing costs and maximizing opportunities; Every CIO is pushed to come up with an AI plan, to keep pace with competitors. Dreams of AI-driven transformation are everywhere. But leaders should not feel that they have to rush … Read more
The Bureau of Labor Statistics reported Tuesday that the hiring rate fell to 3.1% in February, with just 4.8 million new hires, the lowest since April 2020. Job openings fell to 6.9 million, down 358,000 from January. The unemployment rate was lower at 1.9%, while the unemployment rate remained at 1.1%, and the number of … Read more
The stock market plunged on Monday morning after the White House announced that it might not be America’s job to reopen the Strait of Hormuz. The S&P 500 rose more than 1.5%, while the Nasdaq rose nearly 2%. In one night, a Wall Street Journal the report indicated that President Trump would be ready to … Read more