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Tech companies are investing billions in Finland for data center development
23+ hour, 35+ min ago (234+ words) Barnes & Noble was once seen as another casualty of Amazon. Today, it’s expanded to over 700 stores nationwide. In this episode, Fortune’s Phil Wahba explores CEO James Daunt’s plan to save America’s biggest book chain by making it cool again. Hosted…...
Amazon workers on food stamps have tripled despite its record revenue???and it???s just the latest evidence of the new economy of shrinking labor shares
1+ day, 8+ hour ago (600+ words) The U.S. workforce has just made the type of history it likely wishes it didn’t. Working Americans are taking home the smallest percentage of economic output, 52.8%, since the Bureau of Labor Statistics began tracking the metric in 1947. But as the share…...
The trade deficit with Canada that's upset Trump so much is due to oil the U.S. buys at a discount for the Midwest. 'It???s the only oil they can use"
1+ day, 19+ hour ago (1036+ words) Canada might seem an unlikely target for a U.S. trade war. No country on Earth buys as much from the United States as its northern neighbor. For American farmers, Canada is second only to Mexico as an export market. A North…...
U.S. diesel prices are now 60% higher than they were before the Iran war, with one Trump voter paying twice as much to fuel his farm equipment
1+ day, 16+ hour ago (412+ words) The price of diesel is hitting record highs just when many U.S. farmers need it to power combines, tractors and other equipment to harvest two of the nation’s largest commodities, soybeans and corn. The spike adds to an already tough year…...
Anthropic's new research maps three wildly different futures for the AI economy
3+ day, 21+ hour ago (510+ words) Welcome to Eye on AI. Beatrice Nolan here. In today’s issue: Anthropic has three very different visions for the impact AI will have on the U.S. economy. In the third, AI outperforms humans at nearly every knowledge-work task, does almost…...
Shadow fleets emboldened by geopolitical chaos are threatening trade as we know it, authorities warn
3+ day, 21+ hour ago (507+ words) Earlier this year, fast-food executives began to use the term “two-tier economy” to describe the trend they were seeing of wealthier consumers splurging on burgers and fries while lower-income households pulled back. Last year, Amazon Web Services EMEA Managing Director…...
Inflation won???t die. Now the bond market is daring the Fed to do something about it
3+ day, 22+ hour ago (294+ words) A hot war, a trade war, a bad harvest, a snarl in shipping. Supply shocks have come so often over the past six years, KPMG chief economist Diane Swonk told Fortune, that they’ve started to sound like a drumbeat. “With…...
Europe can still be an industrial powerhouse???but it needs investment
4+ day, 8+ hour ago (309+ words) There is a growing fear in Europe that industrial decline is inevitable. Concerns about competitiveness, investment, energy costs, and the resilience of supply chains have moved from the margins of policy debate to the center and analysts have warned that…...
How Boomers voted the next generation a $40 trillion debt??? and counting
4+ day, 20+ hour ago (800+ words) How Boomers voted the next generation a $40 trillion debt — and counting fortune.com How Boomers voted the next generation a $40 trillion debt, and counting The United States’ national debt crossed $40 trillion last month. Five months earlier, in March, the more…...
Canada hit U.S. goods with $20 billion in tariffs. Now America is banning Canadian alcohol, dairy and motorcycles
5+ day, 1+ hour ago (1028+ words) The United States is banning the import of some dairy products and motorcycles from Canada along with most alcoholic beverages, the White House said Tuesday, as part of a trade war that shows little sign of cooling off. The ban…...