Migrants cross border into Spain’s Ceuta, overwhelming police, Guardia Civil says

Thanks to Refine.ink, ChatGPT 5.6 Sol and Claude Fable 5 for valuable research assistance. Responsibility for all errors remains my own. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research. Joshua S. Gans Joshua Gans has drawn on the findings of…

AI predicts; humans use its predictions to make decisions. These predictions are combined with human verification and analysis, queries to other statistical models, and so on. The economic value of an AI, therefore, depends on how it interacts with the surrounding decision environment. We describe the value of AI as part of this “composite experiment”…

EUR/USD gains ground after posting modest losses in the previous day, trading around 1.1380 during the Asian hours on Friday. However, the potential upside for the pair could be limited as the US Dollar (USD) may regain strength, largely driven by escalating conflicts in the Middle East that threaten to push crude oil prices higher….

Gold price (XAU/USD) plunges on Monday after remarks by Federal Reserve (Fed) Governor Christopher Waller, who revealed that if the Consumer Price Index (CPI) rises this week, the Fed should consider interest rate hikes. The XAU/USD drops nearly 3% below $4,000 as traders eye a retest of the yearly low near $3,900. XAU/USD dives as…

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Shares of VF Corporation (VFC -17.62%) were taking a dive today after the diversified apparel company reported another wide loss in its first-quarter earnings report. As of 2:29 p.m. ET, the stock was down 18.8% on the news. Image source: Getty Images. VF’s struggles continue VF reported a 5% decline in revenue to $1.67 billion,…