2+ day, 10+ hour ago   (510+ words) Welcome to Eye on AI. Beatrice Nolan here. In today’s issue: Anthropic has three very different visions for the impact AI will have on the U.S. economy. In the third, AI outperforms humans at nearly every knowledge-work task, does almost…...

2+ day, 11+ hour ago   (507+ words) Earlier this year, fast-food executives began to use the term “two-tier economy” to describe the trend they were seeing of wealthier consumers splurging on burgers and fries while lower-income households pulled back. Last year, Amazon Web Services EMEA Managing Director…...

2+ day, 11+ hour ago   (294+ words) A hot war, a trade war, a bad harvest, a snarl in shipping. Supply shocks have come so often over the past six years, KPMG chief economist Diane Swonk told Fortune, that they’ve started to sound like a drumbeat. “With…...

2+ day, 12+ hour ago   (243+ words) President Donald Trump’s first-term stimulus checks were a response to a pandemic he didn’t cause. His second-term cash promises are mostly a response to problems his own policies created, and now stretch to an election he may lose because of…...

2+ day, 13+ hour ago   (330+ words) President Donald Trump’s pledge to send every American adult a $5,000 check if Republicans hold Congress in November carries a price tag that economists say has no clear funding source — and would land on a federal balance sheet already strained by…...

2+ day, 22+ hour ago   (309+ words) There is a growing fear in Europe that industrial decline is inevitable. Concerns about competitiveness, investment, energy costs, and the resilience of supply chains have moved from the margins of policy debate to the center and analysts have warned that…...

3+ day, 10+ hour ago   (800+ words) How Boomers voted the next generation a $40 trillion debt — and counting fortune.com How Boomers voted the next generation a $40 trillion debt, and counting The United States’ national debt crossed $40 trillion last month. Five months earlier, in March, the more…...

3+ day, 14+ hour ago   (1028+ words) The United States is banning the import of some dairy products and motorcycles from Canada along with most alcoholic beverages, the White House said Tuesday, as part of a trade war that shows little sign of cooling off. The ban…...

3+ day, 15+ hour ago   (708+ words) At 18, Martín Taborda began studying law at Argentina’s prestigious University of Buenos Aires, hoping to become the first in his family to graduate. Just two years later, that dream has slipped out of reach. Unemployed and $1,300 in debt, he can…...

3+ day, 19+ hour ago   (1030+ words) Apple today will host one of its most exciting events in recent memory when it is expected to unveil its first foldable phone at the Steve Jobs theater on Apple’s campus. It’s also Apple’s first big event led by new…...