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Tech companies are investing billions in Finland for data center development
2+ hour, 42+ 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…...
We organized the National Civics Bee??? it's where to start if you want better workers
7+ hour, 14+ min ago (281+ words) Students are heading back to school in the 250th year since our nation’s founding. Unfortunately, many of them may not be aware of what the nation’s founding entailed, as only 22% of eighth-graders in this country are proficient in civics according to…...
Women hold more U.S. jobs than men???but still earn far less starting the day they graduate
2+ day, 2+ hour ago (514+ words) For only the third time in American history, women hold more payroll jobs than men—and that trend isn’t likely to reverse anytime soon. Yet even as women pull ahead on job counts, men continue to out-earn them at nearly…...
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
11+ hour, 44+ min 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"
22+ hour, 8+ min 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
19+ hour, 17+ min 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, 11+ min 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, 57+ min 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, 1+ 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…...
Trump's first term had real stimulus checks. His second has promises tied to problems he started
3+ day, 2+ hour ago (243+ words) President Donald Trump’s first-term stimulus checks were a response to a pandemic he didn’t cause. His second-term cash promises are mostly a response to problems his own policies created, and now stretch to an election he may lose because of…...