Economy Industry News
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Asia heat waves spell double trouble for economies hit by oil
Asia is grappling with a new threat to inflation on top of an oil shock as a looming El Nino brings soaring temperatures and dry weather to countries from India to New Zealand, driving up food costs. Inflation accelerated to multiyear highs across…
Economic model predicts World Cup champion | CNN Business
Joachim Klement explains why his economic model predicts that the Netherlands will win this year's World Cup.
AI Is Distorting Practically Everything About the Economy
Until recently, artificial intelligence was a welcome tailwind for U.S. growth. We're beyond that now. AI is more like a hurricane-strength weather system making itself felt across the entire economy. It is distorting the stock market, profits, the…
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The new occasion economy brands shouldn't miss
India's festive marketing calendar has always been crowded with traditional occasions, anchoring major brand activity through the year. But another topical day is taking shape more prominently. Mother's Day, once a largely emotional and personal…
Why a peace deal with Iran won't save the economy from energy-market chaos this summer
A US-Iran peace deal may be close, but relief from the disruptions caused by the conflict is a more distant reality. That idea that the conflict's end might be not be a quick fix for the energy market hasn't been digested yet, with oil prices…
AJC Poll: Georgians concerned about inflation, economy as midterms loom
“I think he has a long-term outlook. He's done a lot of things that nobody else had the guts to do,” said Galt, a retired union pipe fitter, who approves of Trump's aggressive trade policies. The AJC's polling in early 2025, just…
Japan tackles challenges of seafloor rare earth mining, eyeing economic security
Japan's government is taking on the challenge of mining critical minerals, including rare earths, from the seabed around Minamitorishima, a remote Japanese island in the Pacific, with an eye to realizing domestic rare earth production in the…
Roadmap for a space-to-space economy
Launch is the foundation of the space industry, to the point that many conflate it with the space industry in entirety because it is literally the loudest, most spectacular element we see. But the quietly orbiting satellites overhead are what…
KOSPI rally masks widening market polarization, economic divide
Even as the KOSPI fuels one of the strongest bull runs in the market's history, experts warned Thursday that the surge in the benchmark index should not be interpreted as a sign that economic conditions are improving evenly across society. They…
Philippines Economy Grows at Slowest Pace Since 2021 -- Update
Gross domestic product rose 2.8% in the January-March period from a year earlier, the Philippine Statistics Authority said Thursday, marking the slowest pace of growth since the first quarter of 2021. The print comes as the war-driven surge in…
The AI job apocalypse is 'unhelpful marketing, bad economics and worse history,' a16z says
The doomsday forecasts have been building for years: AI will hollow out the white-collar workforce, destroy entry-level jobs, and create a permanent underclass of technologically displaced workers. Now, one of Silicon Valley's most influential…
Five architects of the AI economy explain where the wheels are coming off
Earlier this week, five people who touch every layer of the AI supply chain sat down at the Milken Global Conference in Beverly Hills, where they talked with this editor about everything from chip shortages to orbital data centers to the…
Philippines says Mideast war sends economic growth to five-year low
The Middle East war and a major corruption scandal drove Philippine economic growth to a five-year low, officials said Thursday, adding future targets would be lowered. SCROLL TO CONTINUE WITH CONTENT Gross domestic product expanded 2.8 percent for…
Forget the naysayers - earnings surge means a 'resilient' Trump economy
Ken Griffin, the billionaire chief of the Citadel Investment empire, recently expressed his amazement at how President Donald Trump has had the fortitude to survive multiple assassination attempts while still bringing his A-game for the American…
Jim Cramer says the AI boom has 'the power to keep the country's economy humming
CNBC's Jim Cramer said Thursday's market pullback was healthy after the “parabolic” run in many AI-related stocks. Despite growing concerns around slowing consumer spending, hiring, and geopolitical tensions, Cramer said the AI…
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