To unlock AI’s full economic potential, we must steer it toward expansion. That requires replacing incentives that favor capital over labor with those that reward augmentation and investment in human capability.
U.S. President Donald Trump speaks, as he signs executive orders, while Howard Lutnick stands in the background, in the Oval Office of the White House in Washington, U.S., Feb. 10, 2025. Kevin Lamarque | Reuters Democratic senators on Friday demanded information on more than a dozen critical mineral deals with the federal government that potentially…
Even with shares of Tesla (TSLA -1.22%) down over 30% this year, I’m still not ready to buy the stumbling stock. It’s been a brutal 2026 for Tesla’s investors, but the stock is still trading at an incredible premium, with its trailing P/E ratio sitting around 290. Simply put, the company’s valuation of more than…
On Wednesday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.7899 compared to the previous day’s fix of 6.7928. PBOC FAQs The primary monetary policy objectives of the People’s Bank of China (PBoC) are to safeguard price stability, including exchange rate stability, and promote economic growth….
The Odyssey Source: Universal Pictures Christopher Nolan’s “The Odyssey” is racking up box office dollars for IMAX and fueling investor confidence that the company will reach record ticket sales in 2026. Shares of IMAX jumped more than 8% on Thursday after the company reported it was still on track to deliver a record $1.4 billion…
America was born in war. The American Revolution and subsequent constitution of the newly-formed United States reflected some of the key ideas of liberalism—natural rights, government by consent, and limits on state power. The Revolution, however, was just the beginning of war as part of the American identity. Between 1798 and 2023, the United States…
Wall Street is misjudging Microsoft’s AI strategy, according to Morgan Stanley.
CAMBRIDGE/PARIS—More than 200 economists and AI researchers, including 16 Nobel laureates, have signed the We Must Act Now statement, warning that AI could reshape the global economy on a scale larger than the Industrial Revolution—and far more quickly. We were among the signatories, but recognizing the stakes does not settle the question of how AI should be developed. One of the statement’s central claims is that AI should be steered toward complementing humans rather than imitating them. That distinction is more consequential than it may seem.