Economy Industry News

Stock market turmoil sheds stark light on the opaque AI economy

Even for the rollercoaster world of AI, last week was particularly volatile as investors scrambled to keep up with developments that threatened the dominance of the largest western chipmakers. It began with a double whammy. On Monday, the Chinese…

Israel's labor shortage shows why foreign workers are vital to the economy

The recent Knesset debate over expanding foreign worker quotas has reignited a familiar public discussion. Critics argue that the system lacks proper planning and oversight, that foreign workers are replacing Israelis, and that their numbers have…

For the third time in history, women outnumber men in the workforce as the stay-at-home boyfriend becomes an economic trend

Socialism's rise challenges the capitalist economic system | Mike Rosen

Inheriting a deep recession and hyperinflation from the failed Carter administration, Ronald Reagan's bold measures of across-the-board tax rate cuts, deregulation and disciplined monetary policy broke the back of inflation in record time and…

Lee returns from overseas trip with economic security gains, domestic tests ahead

President Lee Jae Myung returns home Monday after wrapping up the longest overseas trip of his presidency, an 11-day tour encompassing Germany, the United States and three South American countries that focused on securing artificial intelligence…

Markwayne Mullin: Migrants Can Help 'Plug … Holes' in the Economy

Homeland Security chief Markwayne Mullin suggested Saturday the federal government could help employers by approving a greater inflow of visa-worker migrants. “This narrative that [visa worker programs] steal American jobs is true in some…

China's economic model connects domestic planning to the development of partner countries

The year 2026 marks the commencement of China's 15th Five-Year Plan (2026-30), a pivotal phase in the nation's medium- to long-term development. A successful venture starts with a good plan and with clear goals set. At this critical juncture, where…

Quote of the day by pioneer of cybernetics Norbert Wiener: 'The automated machine is the economic equivalent of slave labour' - foreshadowing the displacement of human labor in the years to come

For as long as humanity has envisioned a future co-existing with machines, there have been fears that labor could be displaced. These fears first sparked during the Industrial Revolution in the 1800s, but have continued in the years since. Most…

Economics week ahead

Labor market conditions appear to have been little changed in July. Nonfarm payroll growth averaged 92K over the first half of the year, and we look for a similar 95K increase in July. Small business hiring plans improved in June and initial…

Everyday Economics: The Fed isn't just pausing. The ground under interest rates has shifted

(The Center Square) – For two years, there was only one question about the Federal Reserve: when do they cut? This week, that question quietly died. On Wednesday, the Fed held its benchmark rate at 3.50%–3.75% for the fifth…

The Coast Beyond Vargas Also Suffers the Economic Earthquake | Caracas Chronicles

Pictures by Jesús Vizcaya In Boca de Aroa, a village on the coast of Yaracuy state, Yaritza and her husband Fernando await the arrival of tourists who, for the past twelve years, have stopped for breakfast at their food stand “La…

OpenAI's Presence Signals Vertical Integration in the Agent Economy

The launch of OpenAI Presence on July 22, 2026, marks a definitive shift in the trajectory of the agent economy. By moving beyond the role of a pure model provider to become an infrastructure-layer orchestrator, OpenAI is signaling that the most…

Putin humiliated as collapsing economy forces Russians to ditch holidays for cow farming

Summer vacations were a massive part of Russian culture before the conflict Vladimir Putin's deteriorating economy and the continuing conflict in Ukraine have created a vacation crisis for everyday Russians. Confronted with devastating Western…

Railway line to reconnect Oxford and Cambridge while boosting economy

East West Rail promises to connect key destinations through Oxfordshire, Bedfordshire, and Cambridgeshire, and is being described as a boost for tourism, business, and the wider economy. By 2050, the line is expected to generate £6.7 billion…

Stock futures rise as investors look ahead to jobs report, key earnings: Live updates

U.S. equity futures moved higher Sunday evening as investors awaited the July jobs report and another busy week of earnings to kick off August trading. Futures tied to the Dow Jones Industrial Average rose 182 points, or 0.3%. S&P 500 futures…