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US politics
fromFortune
2 weeks ago

Trump's tariffs may be bringing in a lot of revenue but they've also been a 'tax on capital, so far,' top economist says | Fortune

Tariffs are functioning as a tax on capital, with corporations absorbing costs by cutting profits and unit labor costs instead of passing them to consumers.
Artificial intelligence
fromFortune
1 month ago

AI will spark 'violent task churn' at work, but even optimists may be underestimating the productivity boom, JPMorgan says | Fortune

Technological revolutions ultimately raised net employment through productivity gains and new roles; AI will likely cause severe task churn but increase productivity and jobs.
from24/7 Wall St.
1 month ago

Rising NEET Rates And The Countries Where Gen Z Is Being Left Behind

The acronym NEET refers to young people "not in education, employment or training." While the term NEET has come to be associated with modern dropout culture and feelings of discouragement common amongst Gen Z, NEET cohorts also encompass young people who are actively looking for employment and educational opportunities, and can reflect broad systemic economic issues. The share of young people not in education, employment or training crested globally in 2020,
World news
US news
fromwww.npr.org
2 months ago

Fed Chair Jerome Powell signals possible rate cut, sending stocks sharply higher

Powell signaled a possible near-term interest-rate cut as slowing job growth and labor-market shifts increase downside risks to employment.
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