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Morgan Stanley hails rare ‘reindustrialization renaissance’ of AI economy—but it’s better for computers than humans
The artificial intelligence revolution is rewriting the rules of the American economy, but rather than ushering in a golden age of consumer prosperity, it is sparking a massive, resource-heavy infrastructure boom that could leave the everyday worker behind.
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According to a
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Lamborghini CEO axes $300,000 luxury EV, chalking it up to an ‘expensive hobby’ with ‘close to zero’ demand
Lamborghini is the latest luxury carmaker to admit the appetite for exclusive and expensive electric cars just isn’t there.
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CEO Stephan Winkelmann confirmed in an interview with _The Sunday Times_ this week Lamborghini is shelving its all-electric Lanzador and pivoting to
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Asia’s young, tech-savvy population will power the region’s growth: AIIB chief investment officer Kim-See Lim
Asia remains the world’s fastest-growing region—and its momentum shows little sign of slowing. According to 2025 McKinsey estimates, the region is set to contribute as much as 40% of global growth by 2040.
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“That growth trajectory is going to continue,” Kim-See Lim, the
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Without AI spending, U.S. corporate investment in equipment would be negative, a decline that’s ‘worryingly broad-based,’ Pantheon analyst says
Investment in AI infrastructure is crucial to U.S. GDP growth, with corporate spending showing a significant boost despite declines in other sectors. This trend suggests AI's impact extends to consumer spending and the broader economy.
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The record gap between corporate profits and worker pay has an ‘undercurrent of betrayal,’ top economist warns
Workers have been falling behind dramatically in the tug of war between capital and labor, stoking serious concern about the trust holding the economy and society together.
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Diane Swonk, chief economist and managing director at KPMG, highlighted troubling data on corporate
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‘Ghost GDP,’ a white-collar recession, and the death of friction: Substack’s top finance writer warns of the 2028 AI crisis nobody sees coming
“Ghost in the machine” isn’t just an album by The Police. It’s a midcentury term, coined around 1949, to engage with an old philosophical debate that goes back hundreds of years: Is consciousness biological, driven by an organ called the brain? Or is there some kind of ghost in the machine that is o
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The workplace benefit 95% of workers want but aren’t satisfied with is a pretty basic one: bereavement leave, study shows
When a loved one dies, a pregnancy is lost, or a serious diagnosis lands, most employees uncover the true value of their workplace benefits—not in the enrollment brochure, but during the worst week of their lives. 
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Increasingly, they’re finding those benefits don’t measure
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While Nvidia CEO Jensen Huang enjoys an over $150 billion net worth, his fellow cofounder Curtis Priem sold out in 2006—and missed out on $600 billion
In 1993, Jensen Huang met two of his engineering friends at a Denny’s in Silicon Valley. Over pancakes and coffee, Huang, Chris Malachowsky, and Curtis Priem kicked around an idea that sounded ambitious at the time: building chips that could deliver realistic 3D graphics on personal
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FedEx is the first major company to sue for a full tariff refund after Supreme Court leaves payback open-ended
Friday’s Supreme Court ruling striking down President Donald Trump’s tariffs under the International Emergency Economic Powers Act (IEEPA) notably left out one question: Would importers receive a refund for the potentially billions of dollars they paid in illegal tariffs? One
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The CEO of Capgemini has a warning: You might be thinking about AI all wrong
FOMO—the fear of missing out—used to be a shorthand favorite of young people worried about not being at the right party on a Saturday night. Now, chief executives are increasingly having FOMO over applied AI. The financial bets are large enough for boards to wince at capital expenditure
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British billionaire is sorry if you were offended by his statement that ‘the U.K.’s been colonized’ by immigrants
Jim Ratcliffe, co-owner of Manchester United, apologized for offensive anti-immigrant remarks stating the U.K. has been "colonized" by immigrants, which drew criticism from political leaders and fans.
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Hungary says it will block the EU’s $106 billion loan to Ukraine until Russian oil resumes flowing through a key pipeline that Moscow damaged
Hungary will block a planned 90-billion-euro ($106-billion) European Union loan to Ukraine until the flow of Russian oil through the Druzhba pipeline resumes, Hungary’s foreign minister said.
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Russian oil shipments to Hungary and Slovakia have been interrupted since Jan. 27, a
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After Hegseth snubs NATO, Europe makes the best of it: ‘Sadly for him, he is missing a good party’
European allies at NATO on Thursday brushed aside concerns that the United States has stepped back from its leadership role of the world’s biggest security organization, leaving them and Canada to do the lion’s share of
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Bill Gates’ foundation says sudden withdrawal was ‘to ensure the focus remains on the AI Summit’s key priorities’
Indian Prime Minister Narendra Modi on Thursday pitched India as a central player in the global artificial intelligence ecosystem, saying the country aims to build technology at home while deploying it worldwide.
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“Design and develop in India. Deliver to the world. Deliver to
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Top CD rates from major banks on February 24, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
With APYs climbing as high as 4.00% as of Feb. 24, 2026, CD accounts at the country’s biggest banks—per FDIC rankings—come in terms ranging from three months to 14 months.
If the idea of opening a CD at a lesser-known online bank gives you pause, a major institution might be the better fit. Here’s
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Nearly half of companies are ditching merit-based bumps for ‘peanut butter’ raises—and it’s the same tactic bosses used after the 2008 recession
Workers eagerly awaiting big pay hikes after their stellar performance reviews are in for a rude awakening; Instead of rewarding employees based on merit, many bosses will be dishing out flat and low “peanut butter” raises spread to all staffers in 2026. And worryingly, it’s a trend that last
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A two-child household must earn $400,000 a year for childcare to be affordable, study says. ‘It’s easy to see why birth rates are falling’
The average American family doesn’t come close to having enough income to comfortably afford childcare, according to a LendingTree study last month.
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Federal guidelines say that childcare is affordable if it consumes no more than 7% of household income. Citing data from
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Top EU lawmaker proposes pause on U.S. trade deal ratification, citing ‘pure tariff chaos’ from Trump administration
The European Union’s executive arm requested “full clarity” from the United States and asked its trade partner to fulfill its commitments after the U.S. Supreme Court struck down some of President Donald Trump’s most sweeping tariffs.
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Trump has lashed out at the court
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