OpenAI launched ChatGPT for financial services, targeting research and analysis work traditionally handled by junior Wall Street bankers.
Browsing: Economy
Singapore will raise ministers’ salaries, with Prime Minister Wong defending the increase as necessary to attract, retain top political talent
Iran war pushes US gasoline and diesel prices higher, adding over $100 billion in costs and raising household expenses.
Jaguar Land Rover plans to cut nearly 4,000 jobs by 2028 as competition, U.S. tariffs and industry challenges pressure the automaker.
Volkswagen plans another 50,000 job cuts as U.S. tariffs, rising costs and growing competition put pressure on the automaker.
Amazon is cutting 121 jobs in Washington as H-1B hiring, AI investment and warehouse automation fuel fresh debate over the US workforce
Oracle is cutting around 3,000 jobs in India, extending a global workforce reduction as the company ramps up spending on AI
Kerala faces rising unemployment, Gulf dependency, and education challenges as policymakers seek sustainable jobs, and economic growth.
India risks cognitive atrophy as AI eliminates entry-level work, while America leverages technology through capital, ownership, and expertise
The prices of toilet paper and other commodities have surged amid trade tensions between the U.S. and Canada.
Disney has launched a voluntary early retirement program for eligible executives as part of its broader cost-cutting, workforce restructuring
Bitcoin crossed $80,000 on Tuesday to reach its highest level in more than three months, gaining 28% so far in August.
Treasury Secretary Scott Bessent may use the $1 trillion Treasury General Account to fund expanded U.S. bond buybacks.
Philadelphia’s Bitcoin skeptics overlook financial institutions embracing crypto, shows how institution trust shape city’s view of innovation
Starbucks is laying off 224 workers, including 120 who declined to relocate from Seattle, while restructuring.
Ajay Raju and Tom McGrath examine yuppie culture, inequality, AI, capitalism, and the evolving global economy on Overheard.
Trump urges Congress to pass the stalled CLARITY Act, seeking clearer cryptocurrency regulations, boosting bitcoin and other crypto prices.
The US national debt has surpassed $40T for the first time, raising fresh concerns over deficits, borrowing costs, long-term fiscal stability
Zepz report finds younger immigrants are driving remittance trends as small, frequent transfers increasingly support expense across countries
Oracle employees could face another round of layoffs, months after March cuts as the company moves to reduce payroll
Imperial Brands is preparing thousands of job cuts in the US and Europe as the tobacco giant restructures amid declining cigarette sales
U.S. employers unexpectedly cut 23,000 jobs in July, while gains in the previous two months were revised sharply lower
U.S. workers’ share of GDP fell to a record low in 2026, as automation, globalization and weaker unions reshape economic gains
Salesforce will lay off 59 employees in Washington state as the company continues its latest restructuring.
Hackers targeted Wall Street financial firms and money managers in a “vishing” attack involving phone calls.