Economy

Generative artificial intelligence is all the rage now but the AI boom is not just all hype, said Dan Ives from Wedbush Securities, who calls it the “fourth industrial revolution playing out.””This is something I call a 1995 moment, parallel with the internet. I do not believe that this is a hype cycle,” the managing director… […]

Thomas Kurian, CEO of Google Cloud, speaks at a cloud computing conference held by the company in 2019.Michael Short | Bloomberg | Getty ImagesLONDON — Google is having productive early conversations with regulators in the European Union about the bloc’s groundbreaking artificial intelligence regulations and how it and other companies can build AI safely and… […]

Austan Goolsbee speaking at Jackson Hole on Aug. 8, 2023. David A. Grogan | CNBC Chicago Federal Reserve President East of Goolsbee on Sunday warned against misrepresenting the inflationary impacts of corporate price hikes and tariffswhich have become focal points of the Trump and Harris campaigns’ economic platforms. Goolsbee steered away from directly speaking on […]

Published Sun, Aug 18 2024 10:00 AM EDT Zev Fima @zevfima Traders work the floor of the New York Stock Exchange on August 16, 2024. Angela Weiss | AFP | Getty Images The economic worries that pummeled stocks in early August quieted further in recent days, enabling Wall Street to turn in its best week […]

U.S. Vice President and Democratic presidential candidate Kamala Harris and her running mate Minnesota Governor Tim Walz hold a campaign event in Eau Claire, Wisconsin, U.S., August 7, 2024. Kevin Mohatt | Reuters When Kamala Harris chose Minnesota Governor Tim Walz, a former teacher, as her running mate, experts noted he could bring a revitalized […]

Investors may want to consider buffer ETFs to hedge the recent market volatility. Bruce Bond, CEO of Innovator ETFs, sees an opportunity in buffer exchange-traded funds to offer some protection from the market’s downside. “This [strategy] fits a group of people that are interested in getting exposure to the market, but not taking the full […]

Teachers play a critical role in society, tasked with molding young people into the adults that shape the future. But teachers don’t get paid as much as many other professionals. The median annual salary for high school teachers is $65,220, according to the Bureau of Labor Statistics. That’s as compared to $130,160 per year for […]

Malaysia’s sovereign wealth fund Khazanah Nasional is rebalancing its investment portfolio for greater resilience against market volatility, according to its managing director.Khazanah’s net asset value declined 5% to 81 billion ringgit ($17.4 billion) in 2022 from a year ago, hit by global market downtrends, the fund said in March. The Kuala Lumpur-based fund invests more… […]

Chinese Premier Li Qiang attends a meeting on June 26, 2023, with the Director-General of the World Trade Organization ahead of the World Economic Forum New Champions meeting in Tianjin, China.Pool | Getty Images News | Getty ImagesBEIJING — Chinese Premier Li Qiang said Tuesday his country was still on track to reach its annual… […]

Amin Nasser, the chairman and CEO of Saudi Arabia’s state-run oil giant Aramco.Jon Gambrell | APKUALA LUMPUR, Malaysia — Saudi Arabia’s state-owned oil giant Aramco is bullish on oil markets for the rest of 2023 as demand from major importers China and India is expected to be strong despite an expected global downturn.”We believe that… […]