Investors are split on the AI trade, but they’ve converging on one sector of the stock market in particular in recent months: financials. Hedge funds and mutual funds have both poured money into the sector, even as their investing moves diverge when it comes to high-flying areas like AI. In fact, both groups’ buying of
The debate over artificial intelligence and monetary policy is already well under way. Federal Reserve Chair Kevin Warsh and others have rightly emphasized that AI could raise productivity and productive capacity even as the investment boom puts pressure on resources before those benefits arrive. That timing problem is real. But it risks obscuring a more
Big Canadian tariffs are making a comeback. In Truth Social posts on Monday, President Donald Trump threatened a plan to impose another batch of 50% tariffs on Canadian-made products. This one impacts cars, trucks, auto parts, and steel, and would start on January 1. The ultimatum is escalating an already bitter trade fight with one
It wasn’t just Gen Z and young millennials sneaking out of work and secretly taking some time off over the summer months. Bosses have been at it too. New research has found that productivity really does dip over the peak summer months—and that’s because workers, from the front line to corporate management, are ditching their
The brains may come from the US, but the body could very well be Made In China. At Physical Intelligence, a San Francisco-based startup, cofounder and researcher Sergey Levine is building the models, or brains, designed to provide intelligence for a range of robots — be they warehouse robots or humanoid machines. Physical Intelligence is
President Donald Trump is moving toward levying a new tariff on China that would penalize the world’s second-largest economy for flooding the global market with underpriced goods, according to three people familiar with the matter. Two of the people, who spoke on condition of anonymity to discuss internal deliberations still being finalized, said Trump is
