Economists have expected the boom in artificial intelligence (AI) to juice the U.S. economy, but most of those forecasts depended on businesses using the technology to boost their bottom lines.
Tag: U.S. Economy
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HEALTH INSURANCE COMPANIES RAISE PREMIUMS MOST IN 15 YEARS
Employer-funded health insurance plans are expected to rise in price 6.5 percent next year, the largest one-year bump since 2011, according to an analysis by Mercer Health & Benefits, which manages such plans.
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CLAIMS FOR JOBLESS BENEFITS MOUNT
More U.S. workers than expected filed initial claims for unemployment benefits last week, adding more evidence that the U.S. economy is slowing.
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U.S. CONSUMERS KEPT SPENDING IN JULY DESPITE PERSISTENT INFLATION
In July, U.S. consumer spending kept pace with core inflation, with both rising at 0.3 percent from June. It was the largest monthly gain in spending since April, according to data from the Bureau of Economic Analysis (BEA).
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S&P REACHES RECORD AS WARNING SIGNS GROW
The Standard & Poor’s 500 stock index touched another record high last week amid growing indicators that the bull might be tiring.
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ECONOMIC UPDATE – MARKET OVERVIEW
Is it total incompetence of bureaucrats who are in charge of government agencies—people who can’t get a job in the real world but suck off the public tit and become the most arrogant—or are they just outright bullshitters? That is the question.
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U.S. JOB MARKET GLOOM
The U.S. economy added a feeble 22,000 nonfarm jobs in August, the Bureau of Labor Statistics (BLS) reported, less than a third of the 75,000 expected by economists in a Dow Jones survey.
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TOP TREND: ANOTHER GOLDEN YEAR FOR GOLD
Gold’s price surpassed $3,600 on 6 September and seems on its way to at least $3,700, analysts said.
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SPOTLIGHT: BIGS GETTING BIGGER
In one of Europe’s largest mergers in the last two years, Keurig Dr Pepper is buying JDE Peet's, a Dutch maker of coffee, teas, and soft drinks for $18.4 billion in cash.
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SPOTLIGHT: THE UNCERTAIN U.S. HOUSING MARKET
U.S. home sales in July rose 2 percent above June’s, a 0.8-percent increase year on year, the National Association of Realtors (NAR) reported.