Economy
Amazon cut 30,000 corporate jobs to focus on AI. Now it’s promising 30,000 entry-level roles in the UK by 2030
Amazon launched the Amazon Youth Promise on October 20, with the aim of creating 30,000 entry-level jobs in the UK by 2030. The program will also provide training for...
Economy
Even the wealthy increasingly want all-inclusive resorts
Nearly 80% of all-inclusive resorts have now shifted into the luxury or upper-upscale category, according to Bernstein analysts. These resorts have transformed into luxury...
Economy
An $8 billion Treasury break helped bring Meta’s tax rate to 2%. Now it has a week to answer senators about data center tax...
Meta plans to raise hundreds of billions of dollars, beginning as early as fall 2026, to fund its artificial intelligence ambitions. The announcement accompanied...
Economy
Treasury proposes rule to crack down on AI, biotech investments greater than $50,000 in China, Russia and other ‘countries of concern’
The U.S. Treasury has proposed a rule targeting investments greater than $50,000 in artificial intelligence and biotechnology in China, Russia and other countries of...
Economy
Why investors are moving back into Treasurys
U.S. Treasurys are regaining favor as a safe-haven asset amid uncertainties about the economy, equities and credit markets. The shift was evident when Brent...
Economy
10-year Treasury yield drops back to 5% this week as investors seek cover from AI worries
Investors sought refuge in U.S. Treasury bonds amid concerns over the massive debt being taken on by technology companies to finance artificial intelligence networks,...
Economy
Higher interest rates have made family offices pickier about investing in real estate
Higher interest rates have made family offices more selective about real estate, with some focusing on heavily discounted assets with strong pricing power. Michels...
Economy
AI is everywhere except in the GDP numbers — here is what triggers the break
AI is advancing rapidly across companies, yet its effects remain largely invisible in productivity and GDP growth statistics. Global spending on generative AI reached...
Economy
Japan core inflation in September surges to its highest this year at 2.1%
Japan's core inflation reached 2.1% in September, in line with the Reuters consensus, up from 1.7% in August. The increase was driven by higher...
Economy
Treasury yields see extreme plunge. Why investors are ducking for cover.
Treasury yields sank sharply on Thursday in a rare bout of extreme buying. Investors headed for cover as tech stocks plunged. The scramble for...
Economy
AI could displace one in 11 workers, Goldman says, but the layoffs are likely waiting for a recession
Goldman Sachs estimates that AI could displace up to 9% of workers in developed economies, while slower hiring would affect another 3%, equivalent to...