Data Show Households Still Managing to Meet Their Monthly Debts
The New York Fed detailed general steadiness in debt payments for autos, student loans and mortgages.
Elevated Inflation Keeps Pressure on Fed to Raise Rates
October’s Consumer Price Index report showed a broadening of price pressures that has stoked concerns about the Federal Reserve’s grip on inflation.
Could the Voter Backlash Against A.I. Actually Help the Economy?
Voter backlash could threaten the data center boom. Some economists think that could be a good thing.
U.S. Commerce Dept. Inquiry Into Megaspeed Was Halted After Nvidia Intervention
An investigation into Megaspeed, a Singapore company that was buying advanced Nvidia A.I. chips, was transferred to the Justice Department after a top Nvidia executive reached out to Commerce Department officials.
U.S. Cleared Nvidia Chips to Chinese Firms With Empty Offices and Troubling Ties
The Commerce Department has approved dozens of Chinese companies to handle Nvidia’s H200 chips, some of which have ties to firms under sanctions over national security.
Strong Hiring Reinforces a Sturdy Job Market
Unemployment fell in October, extending years of stability for a U.S. work force threatened by inflation and artificial intelligence.
A.I. Was Supposed to Come for Our Jobs. So Far, Evidence Is Mixed.
White collar industries that are most exposed to artificial intelligence continued to add jobs in October, although that growth has been weak.
Stable Labor Market Keeps Fed on Track to Raise Rates Gradually
The Federal Reserve decided against raising interest rates at its meeting last week, but it is widely expected to move again in December to help tame inflation.
William Nordhaus Dies; Nobel Winner Influenced Climate Policy
The Yale professor moved climate change into mainstream economic analysis.