Generative AI: Uneven adoption, labour market returns, and policy implications
Generative AI is being adopted more rapidly than previous digital technologies and has the potential to deliver meaningful productivity gains in professional tasks, raising concerns
Gold rises more than 1% on risk-off mood, dollar pause
Non-yielding gold tends to do well in a low-interest-rate environment and during times of economic uncertainty. Gold prices gained more than 1% on Wednesday, with
Dollar strengthens as traders process trade talks and Fed
The euro dipped 0.2% to $1.1628, set to snap a five-day streak of gains, and the dollar also rose 0.4% against the Swiss franc to
European stocks fall as traders wait for US inflation data
China’s Shanghai Composite Index hit its highest since August 2015, and European markets initially opened higher, but fell during the session. European stock markets slipped
As Trump-Xi trade talks near, investors turn to history as a guide
Even if the Trump-Xi meeting does not produce a definitive end to their trade war, investors are prepared to buy into any de-escalation in tensions.
How the United States is eating Trump’s tariffs
Fed Chair Jerome Powell said tariffs accounted for perhaps 30-40 basis points of the latest core inflation reading of 2.9% but the effect should be
Gold breaks $4,100 to hit high on trade jitters, rate-cut optimism
Gold broke through $4,100 per ounce for the first time on Monday, hitting another record high on renewed U.S.-China trade tensions and expectations of U.S.
Communicating monetary policy by a committee: Echoes that move markets
Central banks rarely speak with one voice. At the Federal Reserve, for instance, each official brings a distinct perspective, and markets parse every speech for
Dollar dominance and the Trump administration
There is general agreement that a currency’s safe-haven status can be gauged by its response to changes in financial volatility. This column documents how, in
What corporate earnings calls reveal about the AI stock rally
The launch of ChatGPT in late 2022 marked a turning point in how firms and investors view generative artificial intelligence. This column measures the extent
