Google and Anthropic Chiefs Warn of Overheated AI Boom and Rising Job Risks
Google and Anthropic leaders warn the AI boom may be overheated and could drive major job losses within the next five years.
labor market
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U.S. Stock Futures Rise as Nasdaq100 Gains 2% After Jobs Report
Nasdaq 100 futures rise 2% as a higher unemployment rate boosts expectations of a more cautious Fed.
Bill Gates Predicts AI Will Cut Workweek to Two Days
Bill Gates says artificial intelligence could replace most jobs within a decade, leading to a two-day workweek and forcing society to rethink the role of human labor.
Fed Cuts Interest Rates Again as Shutdown Clouds Economic Outlook
The Federal Reserve lowered its benchmark interest rate by 25 basis points to a range of 3.75%-4.00%, marking the second consecutive cut this year as economic uncertainty deepens amid a prolonged government shutdown.
Labor Market Flexibility
By
MS Team
Labor market flexibility is the capacity of employers and the labor force to adjust wages, working hours, hiring, and firing in response to changing economic conditions.
Fed Cuts Rates by 0.25%, Signals Two More Reductions Amid Labor Market Concerns
The Federal Reserve lowered its benchmark rate by 0.25% to 4.00%–4.25%, its first step in a projected series of cuts as job growth slows and inflation stays high.