Stocks drop in thin year-end trade amid tax selling, profit taking
Tech and growth stocks dragged Wall Street’s main indexes lower on Friday, at the end of an upbeat holiday-shortened week that was driven by expectations
Explainer: Why OpenAI plans transition to public benefit corporation
OpenAI on Friday laid out a plan to transition its for-profit arm into a Delaware public benefit corporation (PBC) to help it raise capital and stay ahead
Duke Energy files to recover $1.1 bln in hurricane costs
U.S.-based utility Duke Energy said on Friday it had filed a plan with the Florida Public Service Commission (FPSC) to recover about $1.1 billion in direct
OpenAI outlines new for-profit structure in bid to stay ahead in costly AI race
OpenAI on Friday outlined plans to revamp its structure, saying it would create a public benefit corporation to make it easier to “raise more capital
Leveraging AI to navigate ‘deglobalisation’
Trade wars, industrial policy, and myriad other supply chain disruptions have fast become the ‘new normal’. Yet, given the highly opaque and complex nature of
The one-in-a-thousand-day problem
Financial crises usually inflict the most damage when banks suddenly shift from pursuing profits to survival. This column argues that such drastic behavioural changes render
Labour market transitions in a greener economy
The transition to a greener economy will entail reallocating workers from high-polluting to ‘green’ jobs. To minimise the costs of this transition to individuals and
The ‘doom loop’ and default incentives
The ‘doom loop’, or ‘sovereign–bank nexus’, has been identified as a key driver of the European debt crisis. It has been back in the spotlight
The heat is on: Heat stress, productivity, and adaptation among firms
Frequent and intense heat episodes can strain workers’ cognitive and physical abilities, drive up absenteeism, and disrupt vital infrastructure. Drawing on data from over 2.7
Causal claims in economics
Over the past few decades, economics has undergone a ‘credibility revolution’, emphasising techniques to establish causal relationships. This column analyses over 44,000 working papers over
