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JPMorgan Chase CEO Jamie Dimon on Wednesday announced a $24 million effort to help revive American shipbuilding, his latest move under the bank’s $1.5 trillion security project aimed at bolstering industries critical to U.S. economic and national security. The figure includes $18 million in loans and $6 million in grants to finance a new submarine…
Just today, I cancelled my ChatGPT subscription — I don’t need it anymore. I’m not alone. It’s not as good as Claude. Paid subscriptions to ChatGPT have plateaued because there is so much more competition. Now you may think: does it matter if OpenAI fails to generate income of $300bn? If a company fails, does…
We would like to thank David Autor, Raj Chetty, Nathan Hendren, Ohto Kanninen, Antoine Levy, Attila Lindner, Mathilde Muñoz, Emmanuel Saez, and Danny Yagan as well as participants at numerous conferences and seminars for helpful comments. We are grateful to the Research Council of Finland (grant no. 346252 and 364188) for funding for this project….
The author order was determined using the American Economic Association’s (AEA) randomized author order tool (confirmation code: 97bxnitDoKnK). The study was pre-registered in the AEA RCT Registry (AEARCTR-0016106). We are grateful for financial support from the Abdul Latif Jameel Poverty Action Lab (J-PAL) North America, the Texas A&M Bush School Seed Grant, and the Strada…
Many tech stocks have been soaring in recent years due to enhanced growth opportunities relating to artificial intelligence (AI). But while investors have been fairly bullish on tech as a whole, they’ve remained cautious when it comes to geopolitical uncertainty, which is at least part of the reason why Chinese-based Alibaba Group Holdings (BABA 0.24%)…
Economics Jul 17, 2026 Kai Guo Like every major economy, China uses industrial policy, and its subsidies have mattered. But subsidies are no longer the most convincing explanation for Chinese firms’ emergence as global leaders in industries that used to be the exclusive…