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AI’s productivity boom will likely create a ‘winner-takes-all’ economy, top EY economist warns | Fortune 0
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- September 4, 2026
Despite promises that AI could prove to be society’s great equalizer, Gregory Daco, the EY-Parthenon chief economist, argues that “productivity growth protects margins, not income.” “You tend to have greater concentration and more of a winner-takes-all type of environment when you have these technological advances,” Daco said in an interview with Fortune’s Eva Roytburg. In
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Investors cheer falling bond yields after a top Fed official eases rate-hike worries 0
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- September 3, 2026
Investors got a reprieve on Thursday as the bond market regained its footing following a global sell-off earlier in the week. A rout in global bonds on Tuesday that sent yields spiking was partly reversed on Thursday, with investors cheering as US Treasury yields dropped from multi-year highs. The move appeared to be largely driven
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The AI boom likely stopped a recession, top economist David Rosenberg says 0
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- August 11, 2026
The AI boom is soaking up investor cash, staving off a recession, and showing signs of faltering, David Rosenberg says. AI is “sapping the momentum out of the rest of business capital spending,” the veteran economist said during the latest episode of the “Excess Returns” podcast. Rosenberg estimated that 50% of all corporate investment is
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Top economist warns that the AI math doesn’t make sense: ‘Profits are currently being funded by investors rather than earned from customers’ | Fortune 0
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- August 10, 2026
“Is there an AI bubble?” is such a tired thought. Here’s something altogether more wired: The AI boom is paying off, but not in a way that the current equities market has accounted for. The success of the technology in one area of the economy could make the bubble real in another, more precisely. In
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By propping up the yen, the U.S. and Japan are actually admitting dollar dominance isn’t what it used to be, top economist warns | Fortune 0
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- August 9, 2026
Last week’s attempt to boost the sagging yen wasn’t the first time the U.S. and Japan took such joint action, but the way they did it revealed weakness in the dollar’s global status, according to a top currency expert. In a Financial Times op-ed on Tuesday, University of California at Berkeley economist Barry Eichengreen pointed
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Vanguard Chief Economist: AI and jobs, still in an ATM phase | Fortune 0
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- August 8, 2026
Every wave of technological change seems to arrive with a familiar prediction: This time, jobs are going away for good. The effect of automated teller machines (ATMs) on the bank teller profession reveals a more nuanced reality. When ATMs became widespread in the 1980s, many people assumed bank tellers would soon become obsolete. They were
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