"the fed funds futures market now has a better than 80% probability of a 50-basis-point cut in september." ai-powered productivity. "the long-run benefits of generative artificial intelligence (gen ai) across a number of sectors are just beginning," hyzy says. "higher productivity combined...
From CNN Business' Jordan Valinsky and Tom Kludt Shares of Gannett (GCI) aredown nearly 3%following its decision to reject a takeover bid from a hedge fund-owned company. The nation’s largest newspaper chain, which also publishes USA Today,said this morning that it would not acceptan acquis...
From CNN Business' Charles Riley US stock futures are pointing higher. US stocks were helped by a Wall Street Journal report Thursday that said the Trump administration was debating whether to lift tariffs on China in order to calm markets and encourage Beijing to make concessions on trade. ...
From CNN Business' Anneken Tappe US oil futures dropped 3.9% this morning following reports that President Donald Trump said he called the Organization of Petroleum Exporting Countries (OPEC) to bring down prices. US oil futureswere last at at $62.65 per barrel. Brent crude futures were down 3...
US stock futuresare trading lower this morning. On Wednesday,the Dowclosed up 0.6%, while theS&P 500added 0.2% and theNasdaqincreased 0.2%. Some stocks to watch right now: BB&T Corp (BBT) and Morgan Stanley (MS), who will release earnings before the open. ...
Even with today’s 1% drop, it has been a very good month for theNasdaq Composite. The index has rallied more than 5% in May, outperforming theS&P 500by more than 2 percentage points. That’s the strongest outperformance by the Nasdaq in a given month since May of last year. ...
completely the opposite of mine. However, I have also in the run up to the election in presentations and comments stressed that the presidential election from an overallfinancial market perspectivewould not be a big deal and judging from the market reaction today this indeed seems to be the ...
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I’m thrilled about what lies ahead. Vernon Smith has shown us the power of experimental economics. Now, with AI, we stand poised to take his vision to new heights—beyond even what was previously imagined. The future of economic research has never been more exciting, with AI agents in vi...
Much like Japan’s refusal to reform its financial and industrial sectors, China is resisting the kinds of reforms that could unlock long-term growth. The property market, which is deeply intertwined with local government finances, is now under strain as growth slows and real estate prices declin...