Bill Gates is sounding the alarm about artificial intelligence, warning in a new essay that the technology will rapidly transform the U.S. labor market and put millions of jobs at risk. AI is changing the economy much faster than previous technological revolutions, advancing at what the Microsoft co-founder called a “mind-blowing rate” and leaving less…
Canadian trade officials acknowledge that the country’s retaliatory tariffs of up to 50% on $20 billion in American goods are intended to exert pressure on the Trump administration by targeting key U.S. states. Although the negotiators haven’t identified those regions, the tariffs could hit states in the Midwest and Northeast particularly hard, according to economists’ analysis…
Elon Musk’s space company plans to spend $100 billion to build a massive new spaceport in Louisiana to launch rockets, state officials and the company announced Tuesday. Louisiana Gov. Jeff Landry said the deal was a big win for the state and country, likening the impact of the new launch site to the 1803 Louisiana…
On a 2-acre property in Mississippi, 52-year-old Krystal Polk’s family lived off the land for generations, raising chickens and pigs, growing onions and herbs and trading their peaches for pears. The land, on the border with Tennessee in the city of Southaven, was her family’s survival, Polk said. “We lived a very simplistic life,” she…
President Trump’s legal team is threatening to sue left-leaning think tank Center for American Progress for defamation over a report it issued in July that found “no evidence that National Guard deployments have reduced violent crime.” In an Aug. 17 letter, Mr. Trump’s lawyer, Alejandro Brito, claimed the report contains materially false statements intended to…
The U.S. job market is less robust than it looks, according to a new analysis. The nation’s unemployment rate fell to 4.1% in July, well within the range economists consider healthy. Yet that measure, which reflects the percentage of people over the age of 16 who don’t have a job and who are looking for work,…
The Federal Trade Commission (FTC) is warning companies that use customers’ personal information to set different prices based on what they believe is a shopper’s propensity to pay that they could be breaking the law. In a proposed enforcement policy statement released Wednesday, the FTC said consumers expect prices for products and services to apply…
Washington — A series of victories by leftist congressional candidates — from New York to Colorado to Michigan, and now, Florida — have punctuated the Democratic primaries and defined the midterm campaigns so far, raising questions about the reach of their influence and viability of the progressive-left’s movement as Democrats seek to take control of…
American workers’ wages are once again failing to keep up with inflation — a painful financial déjà vu of the pandemic years. The repeat situation may feel even more acute given that many workers are still catching up from the 2021-2022 inflationary bout, when companies gave workers only moderate pay raises that fell short of four-decade-high price…
Companies that stuck with their diversity, equity, and inclusion policies during the second Trump administration, which has sought to cut such programs from the federal government and encouraged private-sector firms to follow suit, have incurred no financial penalties, according to a new study. Corporations in the S&P 500 that maintained their DEI programs performed just…
