Can AI ‘Sorcery’ Resolve the 25-Year ‘Productivity Paradox’? A Shakespearean Shift on the Horizon
Can AI ‘sorcery’ solve the ‘productivity paradox’ that has gripped the economy for 25 years? A Shakespearean sea change is underfoot The late plays by William Shakespeare are alternately called his “romances” or his “problem plays,” because of their ambiguity in tone, as they alternate from passages of magical realism to stark scenes that grapple […]
US Stock Futures Hold Steady as Investors Anticipate Key Jobs Report
US stock futures little changed as investors await key jobs report Pressure on House to pass Trump’s ‘Big Beautiful Bill’ by July 4 deadline The pressure is one for House Republicans to pass President Trump’s massive tax cuts and spending bill by his July 4 deadline. Fox – 32 Chicago U.S.. stock futures are little […]
Here’s What Consumer Spending Might Look Like This Summer
Here’s how consumer spending could look this summer 00:00:04.812 Speaker A We’re coming up on the official start to summer, and new data from Bank of America is signaling a potential slowdown in consumer activity. Seasonally adjusted credit and debit card spending per household declined by 0.7% in May from the prior month. The firm […]
Berkshire Invests in Constellation Brands, Reduces Stake in Bank of America and Citigroup
Berkshire takes swig of Modelo maker Constellation; cuts BofA, Citigroup By Jonathan Stempel (Reuters) – Warren Buffett’s Berkshire Hathaway on Friday disclosed a new investment in alcoholic beverages producer Constellation Brands, and said it has reduced its holdings in four banks, including Citigroup and Bank of America. In a regulatory filing detailing its U.S.-listed stock […]
The Major Question Facing Banks at the Onset of Earnings Season
The big question hanging over banks as earnings season starts Investors have questions about how a new Federal Reserve rate-cutting cycle will affect the biggest US banks, and they will be looking for some answers as third-quarter earnings season begins Friday. First up are results from JPMorgan Chase (JPM) and Wells Fargo (WFC), followed by […]