Economy Industry News
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Sam Altman proposes robot tax as American economy transforms
Sam Altman, the billionaire CEO of OpenAI, has outlined recommendations for how governments should regulate artificial intelligence and share the economic gains from the technology's rapid rise. In a white paper released on Monday, entitled…
How the Charleston Open shed light on tennis' prize-money economics
DANIEL ISLAND, S.C. — When Jessica Pegula lifted the trophy at the Charleston Open on Sunday, she became a part of tennis history. Her $2.3-million winner's check marked the first time a standalone WTA 500 tournament, the level two rungs…
Dimon warns Iran war could sink economy into a recession
JPMorgan Chase CEO Jamie Dimon is warning that the Iran war could lead to prolonged inflation and higher interest rates that ultimately could tip the U.S. economy into a recession. “The skunk at the party — and it could happen in 2026…
OpenAI's vision for the AI economy: public wealth funds, robot taxes, and a four-day work week
As governments grapple with how to manage the economic fallout of superintelligent machines, OpenAI has released a set of policy proposals outlining the ways wealth and work could be reshaped in an “intelligence age.” The ideas blend…
Jamie Dimon says US should strengthen allies economically, in veiled criticism of Trump
The head of America's largest bank has pressed the White House to strengthen America's allies economically in order to “avoid truly adverse consequences”, in the latest instalment of an increasingly testy relationship with the Trump…
Democrats push economic message ahead of 14th District runoff
“CBP and ICE would have to be funded first before the others are funded to ensure that they don't get hung out to dry,” Clyde, R-Athens, told us last week. “We're not ever going to hang our law enforcement out to dry.”…
AMRO Projects South Korea's Economy to Grow 1.9%, Inflation to Hit 2.3%
The South Korean economy is expected to grow one-point-nine percent this year on the back of robust semiconductor demand and extra spending by the government, according to the ASEAN+3 Macroeconomic Research Office(AMRO). The Ministry of Finance and…
Oil Shock Is Adding Stress to the Global Economy
This article is for subscribers only. Oil markets have been pitched into turmoil by the war in Iran, and the effects will likely be long lasting and far reaching. After a meeting on Sunday, OPEC+ warned that the damage to Middle East energy assets…
$100 Oil Won't Sink The U.S. Economy
The S&P 500 faces short-term volatility from geopolitical tensions and the 'Trump risk premium,' yet I remain long-term bullish. Despite $100+ oil, the US economy is unlikely to enter recession due to declining energy intensity, resilient consumer…
Dimon urges US to 'get stronger,' keep economic, military power
New York | JPMorgan Chase & Co chief executive officer Jamie Dimon said the US needs to “get stronger” in order to maintain its military and economic might, and detailed his bank's plans to deploy more than $1 trillion to ensure that…
Is Economic Forecasting Still Possible?
Much of the forecasting profession—and the economic theory that underpins it—still defaults to single baselines that treat the future as a probabilistic replica of the past. But when the structure of the economy changes in…
Jamie Dimon defends the U.S. war on Iran - and warns it's pushing the economy into uncharted territory
Jamie Dimon has never been one to soften a warning. In his annual letter to JPMorgan Chase shareholders, released Monday, the most influential banker in the world offered a full-throated, if measured, defense of the U.S. war on Iran, even as he…
Oil, War And The Global Economy: The Market's Narrative In March 2026
Aswath Damodaran 15.07K Followers As with almost every event in the Middle East, the effects of the Iran War played out first in oil prices, and oil has been the lead player in March, surging and volatile, but with disparate impacts even within…
Jobless young Palestinians trapped as Israel holds Gaza's economy hostage
Mahmoud Shamiya walks to the shores of the Mediterranean Sea every day just to pass the time. He is among Gaza's tens of thousands of young people who have no work as the economy collapsed during Israel's devastating war. Shamiya graduated from…
It's a Jackson Browne Economy: Running On Empty
“Running on Empty,” Jackson Browne's 1977 hit, was about a feeling everyone knows: running on fumes. That feeling describes today's economy. Fiscal relief, excess savings, an AI‑driven investment boom, and a Federal Reserve…
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