Nationwide protests over the high cost of living roiled France on Saturday, adding to turmoil over public spending and debt ahead of a critical vote in the National Assembly. Rioting broke out in some cities as luxury boutiques and supermarkets were looted while public buildings were defaced and even set on fire. That followed mass demonstrations
The federal government’s fiscal year ended last month, and the final tally offered another stark warning about the trajectory of U.S. debt. According to Treasury Department data released on Friday, the federal budget deficit widened to $1.99 trillion, 12% worse than the $1.78 trillion gap in fiscal 2025. That came as revenue increased 3% to $5.4
Anthropic employees believe that AI will make their labor obsolete. Most US workers don’t see their jobs that way at all. The AI company published research on Friday that compares surveys with US adults against an internal poll of 1,334 Anthropic employees. Most of the Anthropic staffers said AI will handle at least 80% of
Work from home is dead: You’ve probably heard some version of this declaration from your boss over the past year. But the numbers show that WFH is actually very much here to stay. The prevalence of working from home has barely budged over the last two years, at around 26% of all American work days.
Bill Ackman thinks tighter monetary policy could prove to be a mistake in the era of AI. The billionaire investor said late Thursday that the Federal Reserve’s decision to hike interest rates last week was the wrong move, because AI may be rewriting the rules that guide the central bank’s response to inflation. Ackman wrote
The workday doesn’t end for millions of American workers when they clock out and go home—there are floors to mop, meals to prepare, and kids to tend to. There’s no paycheck for those chores that keep a household running, but a recent Government Accountability Office (GAO) report estimated the labor is worth up to $6
