The Next Global Race AI Isn’t Just Who Discovers More, But Who Discovers Faster
Physicist Nishant Sahdev argues that the speed of scientific discovery has become a strategic asset—and that artificial intelligence is rapidly becoming the “super-accelerator” that will decide which nations lead and which become dependent. Writing from Chapel Hill, he points to a recent move by the US Department of Energy: the launch of 26 “science and […]
Even With an AI Productivity Surge, US Workers May Not Reclaim Their Shrinking Slice of The Economy
Even if the United States is entering a productivity upswing—possibly accelerated by artificial intelligence—workers should not expect it to reverse a long-running decline in labor’s share of national income. The piece highlights a stark benchmark: labor’s share has fallen to 53.8%, described as the lowest since records began, underscoring how much of the country’s income […]
Houston Launches “Brain Health” Push to Become Global Neuroscience Innovation Hub
Leaders across Houston are trying to add “brain health” to the city’s list of signature strengths—alongside its historic identity as an energy capital and the well-known medical expertise concentrated at Texas Medical Center. A new regional collaboration, Project Metis, has been launched to attract researchers, clinical trials, and brain-focused technology start-ups, with the larger goal […]
Chinese factory, consumer activity slow amid economy struggles
China’s economy showed further signs of weakness last month, with key data Monday revealing factory output and consumption rising at their weakest pace for around a year. Beijing has struggled to fully reignite the world’s number two economy since the end of the Covid-19 pandemic, with the once-booming property sector mired in a debt crisis […]
Asian markets on course to end week on a positive note
Asian markets headed into the weekend on a broadly positive note Friday, as investors took up New York’s latest record highs sparked by healthy US retail data and upbeat earnings from some of Wall Street’s big names. The readings helped divert attention away from Donald Trump’s tariffs saga, with dozens of countries yet to cut […]
US Fed official warns against cutting rates ‘too quickly’
The US Federal Reserve should be careful not to cut rates “too quickly” and risk reigniting stubborn inflation, a senior bank official said Wednesday. The Fed’s favored inflation gauge has dropped sharply following a series of interest rate hikes in recent years, and now sits just above its long-term target of two percent. At the […]
Sales of new US homes at highest level in over a year
Sales of new homes in the United States last month exceeded analyst expectations Thursday, logging the fastest pace in more than a year on the back of cooler mortgage rates. Sales of new homes stood at an annual rate of 738,000, seasonally adjusted, 4.1 percent up from the revised August figure of 709,000, said the Commerce […]
Inflation Dips to 4%, Lowest Level in Two Years
Consumer prices rose 0.1% in May, their lowest annual pace of increase in two years as lower energy contributed to the easing, the Labor Department reported on Tuesday. Year over year, the rate of inflation dipped to 4% from 4.9% in April. Excluding often volatile food and energy costs, the core CPI rose 0.4%, or […]
US rate hike expected despite crisis of confidence after third bank failure
The US central bank is widely expected on Wednesday to raise its main interest rate for the tenth consecutive month in the continuing battle against inflation, despite worries over the impact on bank balance sheets. While higher interest rates are generally good news for bank earnings, the Federal Reserve’s aggressive pace of rate rises in […]
First Republic Bank shares plunge 60%
Shares of First Republic Bank plunged nearly 60% in premarket trading on Monday, even after the regional lender announced measures to bolster its balance sheet. Shares of other regional banks and financial firms are also faltering, indicating lingering jitters despite an aggressive federal response announced Sunday night to protect Silicon Valley Bank and Signature Bank […]
