A Goldman Sachs economist expects artificial intelligence to displace more than 15 million US workers over the next decade, but argues that the resulting job losses are likely to be …
admin
-
-
US stock funds saw their biggest weekly exit since March, raising fresh questions about the strength of Wall Street’s rally. Investors pulled $17.2 billion from US stock funds in the …
-
The Hang Seng Index retreated by over 10% in the first half of the year as some of the biggest Chinese technology companies lagged behind their global peers like the …
-
Tesla Inc. (TSLA) expanded its robotaxi service to Miami on Friday, extending its autonomous ride-hailing operations. The move comes as Chief Executive Officer Elon Musk increasingly emphasizes artificial intelligence, robotics, …
-
Business
US adds 57,000 jobs in June, missing forecasts; analysts say Fed may delay rate hike
by adminby adminThe US economy added just 57,000 jobs in June, well below economists’ expectations, in a sign that the labor market is losing momentum even as the unemployment rate unexpectedly declined …
-
Shopify stock has rebounded in the past few weeks, moving from the year-to-date low of $94.47 to the current $121.63. This rebound may continue, helped by its modest revenue growth …
-
IREN stock is crashing this morning, and the sell-off is being attributed primarily to Meta Platforms’ reported plans to launch a commercial cloud infrastructure business. But a deeper dive reveals …
-
Business
ADP report: Private employers added 98,000 jobs in June, less than expected
by adminby adminPrivate-sector hiring slowed more than expected in June as employers added fewer workers ahead of the closely watched monthly government jobs report, while healthcare-related industries continued to account for the …
-
Investing
USD/ZAR: South African rand outlook as SARB governor hints at rate hikes
by adminby adminThe USD/ZAR pair was little changed on July 1 as traders reacted to hawkish remarks by South African Reserve Bank (SARB) Governor Lesetja Kganyago, who spoke at the European Central …
-
Investors are bailing on CoreWeave (CRWV) shares on July 1 following news that Meta Platforms (META) is building an internal cloud infrastructure business dubbed “Meta Compute”. The sell-off stems mostly …