fortune.com

Analysts ran the numbers and found a surprising change in how investors are reacting to layoff announcements.

The Federal Reserve’s early reappointment of its regional bank presidents took markets by surprise and eased concerns the central bank would soon lose its independence as Donald Trump continues demanding steeper rate cuts.

In the aftermath of much well-heeled panic about a potential mass exodus of New York millionaires and billionaires following the election of Zohran Mamdani, the contrary is already happening, and Manhattan luxury apartment buyers are voting with their wallets.

Paywall removed: https://archive.is/kSLC2

Paywall removed: https://archive.is/kSLC2

Not the first time they were caught.

Back in April, Donald Trump touted his aggressive tariff policy as a catalyst for the reshoring of manufacturing jobs. Eight months later, reshoring progress is nowhere to be seen.

“I think what a CEO does is maybe one of the easier things maybe for an AI to do one day,” he said. Although he didn’t talk specifically about CEO functions that an AI could do better, Pichai noted the tech will eliminate some jobs but also “evolve and transition” others—ramifications that mean “people will need to adapt.”

cross-posted from: https://lemmy.nz/post/30482923

Eager to boost downloads of Copilot, Microsoft has recruited popular influencers to push a message that its AI assistant is as cool as ChatGPT.

“I think the big companies are betting on it causing massive job replacement by AI, because that’s where the big money is going to be.”

cross-posted from: https://reddthat.com/post/52697696

U.S. GDP growth in the first half of 2025 was almost entirely driven by investment in data centers and information processing technology, according to Harvard economist Jason Furman. Excluding these technology-related categories, Furman calculated in a Sept. 27 post on X.com GDP growth would have been just 0.1% on an annualized basis, a near standstill that underlines the increasingly pivotal role of high-tech infrastructure in shaping macroeconomic outcomes.

The number of farm operations filing for bankruptcy remains at historically low levels but has jumped sharply this year as a crisis in the agricultural economy drags on.

At our Yale Chief Executive Leadership Institute forum, over 100 business leaders said what they really think. They're worried Trump is eroding America’s future.

Despite his support for Trump, Ragland has become increasingly vocal about the need for immediate trade resolution. “We desperately need to get something rectified quickly with China, our biggest export customer,” he told CNN. “We wanna encourage the administration to get a proactive trade deal done.”

Don't worry about the job market on Earth, Gen Z: Sam Altman, Jeff Bezos, and Elon Musk say you’ll be working in space soon

Paywall removed: https://archive.is/KNzH9

Paywall removed https://archive.is/gvaua

Moody’s Analytics chief economist Mark Zandi continued to sound the alarm on the risk of a downturn, warning that states accounting for nearly a third of U.S. GDP are already in a recession or at high risk of slipping into one. Meanwhile, another third is treading water, while the last third is still expanding.

Donald Trump’s new immigration policies—including deporting, the White House claims, about 750 immigrants a day on average—are helping drive up prices, Moody’s chief economist Mark Zandi told Fortune.

China is “set up to hit grand slams,” longtime Chinese energy expert David Fishman told Fortune. “The U.S., at best, can get on base.”

no paywall https://archive.md/1lSRA

The summer of layoffs is real.

Delta has a long-term strategy to boost its profitability by moving away from set fares and toward individualized pricing using AI. The pilot program, which uses AI for 3% of fares, has so far been “amazingly favorable,” the airline said. Privacy advocates fear this will lead to price-gouging, with one consumer advocate comparing the tactic to “hacking our brains.”

If Trump gets his way and removes Jerome Powell as chairman of the U.S. Federal Reserve, the market reaction would be swift and brutal, Deutsche Bank’s George Saravelos argues.

the paper https://www.arxiv.org/abs/2506.13585

“While everyone is focused on the impact of tariffs, the real story for the U.S. economy is the collapse in immigration: down more than 90% compared to the run rate of previous years, equivalent to a slowing in labour force growth of more than 2 million people,” George Saravelos, head of FX research at Deutsche Bank, wrote in a note on Friday. “This represents a far more sustained negative supply shock for the economy than tariffs.”

The 10-year Treasury hit 4.63% and the 30-year Treasury hit 5.15%. 

What do Trump’s picks for deputy secretary of Health and Human Services, “AI and crypto czar,” and ambassador to Denmark all have in common?

https://archive.is/wGp2F

Just 1 in 4 AI investments bring in the ROI they promise—but CEOs just can’t resist the technology.

Jassy tried to persuade Wall Street that Amazon will be just fine, despite worries about a tariff war with China.

An Irish regulator fined TikTok for breaching laws meant to safeguard users’ personal information.

I feel like this is relevant to the sub. If not, feel free to remove.

I feel like this is relevant to the sub. If not, feel free to remove.

https://archive.ph/fY2ND