SummaryCompanies Microsoft faces pressure over AI spending and OpenAI concentration riskMeta's AI investments boost revenue and ad targetingTesla plans to double spending on AI and autonomous vehiclesMeta gains 10%, Microsoft drops a similar amount Jan 29 (Reuters) - Big Tech earnings so far this…

Gold (GC=F) continued to rise on Monday after breaking above $5,000 an ounce earlier than Wall Street expected. Futures hit the major milestone on Sunday, raising questions about the stunning speed of the rally in precious metals. Gold's surge has become a hallmark of the “debasement trade,” with…

3 hours ago - Economy Neil Irwin Add Axios on Google Add Axios as your preferred source to see more of our stories on Google. Add Axios on Google Illustration: Rae Cook/Axios The financial headlines overnight were full of speculation about currency interventions by the Japanese and U.S. governments.…

Global central banks have issued an extraordinary joint statement offering “full solidarity” to US Federal Reserve chair Jerome Powell, in the face of the latest threat to his independence from Donald Trump’s White House. “The independence of central banks is a cornerstone of price, financial and…

01.58 EST Justice department opens investigation into Jerome Powell as Trump ramps up campaign against Federal Reserve Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. The independence and credibility of America’s central bank is under…

US inflation held firm last month as Donald Trump faces mounting pressure over the cost of living for millions of Americans. The closely-watched consumer price index rose 2.7% in the year to December, in line with the previous month, according to official data published on Tuesday morning, ahead of…

Private employers added 41,000 jobs in December, according to ADP’s latest data release on Wednesday, a modest rebound from November’s losses. But beneath the headline growth, the composition of hiring portrayed a far more fragile — and even frightening — picture of the underlying economy. Here's…

One kilogram and a five hundred gram gold bars next to one kilogram silver bars at The Vaults Group gold dealers arranged in Barcelona, Spain, on Monday, April 28, 2025. Bloomberg | Bloomberg | Getty Images Gold and silver prices lost ground on Wednesday as investors booked profits after a historic…

NEW YORK (AP) — Silver and gold futures fell sharply Monday after the Chicago Mercantile Exchange, one of the world’s largest trading floors for commodities, asked traders to put up more cash to make bets on precious metals with prices surging this year. This year, gold futures are up 65% and silver…

NEW YORK, Dec 28 (Reuters) - The number of Americans filing initial claims for unemployment benefits rose last week, indicating the labor market continues to cool in the year's fourth quarter. New sta

A slowdown — but no recession. That's the broad consensus for the economy among experts as we head into 2024. After a post-pandemic period that saw growth surpass most forecasts — but also spurred breakneck inflation — Americans should now expect a period of reduced business activity. Yet while some…

Costs are rising, prices are coming down, unit economics are going sideways, and cybersecurity startups must adapt. Cybersecurity SaaS businesses are undergoing several significant changes that will hurt the broader market. This is what it all means. A Quick Primer on Margins Here’s a quick lesson…

How much is inflation really cooling? Thursday’s release of November’s Consumer Price Index (CPI) data showed inflation unexpectedly eased to an annual rise of 2.7% that month. But monthly comparisons — October data was never collected due to the government shutdown — were absent from the Labor…

A surge in the price of silver to record highs this month has prompted a warning from Elon Musk that manufacturers could suffer the consequences. Silver has risen sharply during December, part of a precious metals rally that also pushed gold and platinum to record levels on Boxing Day. Analysts have…

For more than a year there has been a clear trend: unemployment in the tech industry was climbing. The number of people with an #OpenToWork badge on their picture was climbing. There was something worse though, something that I hadn’t seen before: several months later, they were still looking.…

With home affordability increasingly out of reach, many young adults are making choices that are reshaping the economy — and mostly for the worse — a new research paper says. They don’t think they’ll ever be homeowners. So they stop trying, and focus on the here and now. That’s the interpretation…

The U.S. economy grew at a 4.3% annual rate in the third quarter, blowing past economists’ expectations and delivering the kind of headline that signals strength heading into the new year. Consumers went on an unusually strong spending tear while corporations cinched $166 billion in capital gains.…

WASHINGTON (AP) — The United States gained a decent 64,000 jobs in November but lost 105,000 in October as federal workers departed after cutbacks by the Trump administration, the government said in delayed reports. The unemployment rate rose to 4.6% last month, highest since 2021. The November job…

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A company that most people have never heard of is among the year’s best-performing technology firms—and a symbol of the complex, interconnected, and potentially catastrophic ways in which AI companies do business these days. CoreWeave’s IPO in March was the largest of any tech start-up since 2021,…

Broadcom’s AVGO -11.43%decrease; red down pointing triangle worst day since the DeepSeek rout in January rekindled worries that investment in AI won’t yield the expected blockbuster profits any time soon. Shares dropped 11%, helping pull the S&P 500 and Nasdaq composite both down more than 1%. Some…

The investment bank HSBC, while clarifying that it still believes AI is a “megacycle” and that its forecasts “indicate a leading position for OpenAI from a revenue standpoint,” nevertheless calculates that the company faces an extraordinary financial mountain if it is to deliver on its ambitions.…

October Layoffs Exploded to Levels Not Seen in Two Decades In October 2025, U.S.-based companies announced roughly 153,000 job cuts — the largest single-month total for October in more than 20 years. Tech, warehousing, retail and service sectors led the reductions, as many firms cited cost-cutting…

I can't remember when I realized this, but I want to say it was less than five or ten years ago. Scared the crap out of me then, and still does whenever I think about it. "Themselves" meaning the founder(s)/owner(s). Companies only hire people because they can't do all the work themselves. If every…

The wealth you’re counting on—the retirement accounts, the home equity, the “nest egg” that’s supposed to make this all worthwhile—is just as fake as the poverty line. But the humans behind that wealth are real. And they are amazing. — Part 1 Wow, was I right for once. You people are amazing. The…

A study of 50 years of tax cuts found that “trickle-down” economics — a concept pushed by Republican lawmakers to justify slashing taxes on the wealthy — have only benefited the rich and worsened economic inequality while failing to decrease unemployment or grow the economy. Republicans have touted…

April 10, 2025 Let’s talk about the moment Donald Trump blinked. It wasn’t loud. It wasn’t a tweetstorm or a rally rant. When the tariff threats that had the world on edge—125% on China, 25% on Canada’s autos, a global trade war in the making—suddenly softened. A “pause,” he called it. A complete…

This is Work in Progress, a newsletter about work, technology, and how to solve some of America’s biggest problems. Sign up here. Six months. Five-hundred-seventy-six applications. Twenty-nine responses. Four interviews. And still, no job. When my younger brother rattled off these numbers to me in…

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2 September 2025 – Baldur Bjarnason They never tell you how sad it makes you to see history repeat itself. In my last post I wrote about some of the parallels between the “AI” Bubble and the Icelandic banking bubble, but what I left out was just how different the bubble felt in Iceland than, for…

Several years after launching a trial, Ireland is set to make its basic income for artists program permanent starting in 2026. Under the program, selected artists receive a weekly payment of approximately $375, or about $1,500 per month. There are 2,000 spots available, with applications set to open…

The State’s basic income scheme for artists will be opened up to 2,000 new entrants next year and put on a permanent footing in the budget. Under the scheme – which has so far operated on a pilot basis – those participating are paid €325 per week. Minister for Culture Patrick O’Donovan has agreed…

More Americans are losing their homes, as foreclosures jump 20%. What’s driving it. Site Search Search Results Symbols No results found All NewsArticlesVideoPodcasts 0 Results No Results Found Authors No results found Sections No results found Columns No results found DJIA 47147.48 -0.65% S&P 500…

BERKSHIRE HATHAWAY INC. NEWS RELEASE FOR IMMEDIATE RELEASE Omaha, NE (BRK.A; BRK.B) – November 10, 2025 Today, Warren E. Buffett converted 1,800 A shares into 2,700,000 B shares in order to give these B shares to four family foundations: 1,500,000 shares to The Susan Thompson Buffett Foundation and…

We’re going to largely skip markets again, because the sweater is rapidly unraveling in other areas as I pull on threads. Suffice it to say that the market is LARGELY unfolding as I had expected — credit stress is rising, particularly in the tech sector. Many are now pointing to the rising CDS for…

After an avalanche of data last week, there are more signs of a slowing economy. Real GDP rose modestly in the first half, and inflation started to drift up. The labor market was the last piece to fall in line, and it did with a bang on Friday. Job growth slowed sharply starting in May (including…

On Monday, April 29th, Luis von Ahn, the billionaire CEO of the popular language learning app Duolingo, made a public announcement that his company is officially "going to be AI-first.” Duolingo, von Ahn wrote in an email to all employees that was also posted to LinkedIn, will “gradually stop using…

Despite massive investments in AI infrastructure by high-tech giants, revenue growth from AI has yet to materialize, indicating a significant gap in the ecosystem's end-user value. In fact, David Cahn, a partner at Sequoia Capital, believes that AI companies will have to earn about $600 billion per…

The message from global regulators this week was blunt: the AI boom is driving stocks to dotcom-bubble highs – and the world is finally listening. With so much cash riding on so few firms, any loss of faith could send shares tumbling and drag down the wider economy. China’s proposed export controls…