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LATEST

OPay transactions more than double to $358 billion as IPO nears●New federal rules could end mortgage escrow interest for some homeowners. States are suing to block them●Braemont invests in consulting firm Thought Logic●The AI boom is not just driving stocks — it’s also moving the foreign-exchange market●Gas and diesel prices are setting records for this time of year — and there's no relief in sight●Bullish reports $280 million Q2 net loss as crypto trading slows●Easing inflation pressures, Cerebras earnings, falling Hormuz traffic and more in Morning Squawk●Water bills set to rise for many after firms permitted extra funding●OPay transactions more than double to $358 billion as IPO nears●New federal rules could end mortgage escrow interest for some homeowners. States are suing to block them●Braemont invests in consulting firm Thought Logic●The AI boom is not just driving stocks — it’s also moving the foreign-exchange market●Gas and diesel prices are setting records for this time of year — and there's no relief in sight●Bullish reports $280 million Q2 net loss as crypto trading slows●Easing inflation pressures, Cerebras earnings, falling Hormuz traffic and more in Morning Squawk●Water bills set to rise for many after firms permitted extra funding●

Front Page

Lost jobs, inequality, rogue agents: why are we accepting oligarchs’ AI agenda? | Robert Reich

Business | The Guardian · 2h ago · 🇺🇸 United States

Lost jobs, inequality, rogue agents: why are we accepting oligarchs’ AI agenda? | Robert Reich

The dangers of AI become clearer every day. Why are we still acting as if we have no choice about our future? Rather than producing jobs, the US economy actually lost 23,000 jobs in July, according to Bureau of Labor Statistics data released on Friday. In addition, May and June’s job numbers were revised downward, showing a combined 103,000 fewer jobs than previously reported. As if this weren’t bad enough, wage growth has also slowed. Average hourly earnings rose by just 0.1% from June. Continue reading...

Read the full story at Business | The Guardian →

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