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Jamie Dimon says economy is ‘weakening’ but he can’t make sense of all the different data: ‘Maybe, one day, AI will fix that problem’
The economy produced nearly a million less jobs than first thought. "Whether that is on the way to recession or just weakening, I don’t know," Dimon told CNBC. Read More
Charting the Global Economy: US Retail Sales Point to Resilience
US retail sales posted solid advances in consecutive months for the first time this year, tempering concerns of a retrenchment in spending as consumers remain unsettled by the potential for ... Read More
The AI spending boom is boosting US GDP — and potentially hiding looming problems
Big Tech's AI spending boom is so massive that it is boosting the US economy. Researchers at Pantheon Macroeconomics say it's not all good news. AI-related investments aside, the US economy is showing ... Read More
US economy adds 22,000 jobs, unemployment rate hits 4.3% in August as labor market continues dramatic slowdown
The US labor market continued its dramatic summer slowdown in August. The August jobs report released Friday by the Bureau of Labor Statistics (BLS) showed that just 22,000 new jobs were added to the ... Read More
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