Author: arthursheikin@gmail.com

[ad_1] CNN  —  The lingering effects of high inflation coupled with high interest rates have made it harder in recent years for many Americans to get ahead financially. The hits just keep coming. A raft of policy moves from the Trump administration, including particularly steep tariffs that could cause prices to rise, and the whipsaw approach being taken, have stoked uncertainty and driven down sentiment to some of the lowest levels on record. That combination of higher prices, uncertainty and pessimism can be outright noxious as pullbacks in consumer and business spending can have cascading negative effects on the labor…

[ad_1] Stay informed with free updatesSimply sign up to the US economy myFT Digest — delivered directly to your inbox.The close relationship between US government bond yields and the dollar has broken down as investors cool on American assets in response to President Donald Trump’s volatile policymaking.Government borrowing costs and the value of the currency have tended to move in step with each other in recent years, with higher yields typically signalling a strong economy and attracting inflows of foreign capital.But since Trump’s “liberation day” tariffs were announced in early April, the 10-year yield has risen from 4.16 per cent…

[ad_1] Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The $11bn platinum business being spun out of Anglo American will debut a secondary listing in London on Monday, in a significant milestone for the restructuring of the FTSE 100 mining company.Valterra, formerly known as Anglo American Platinum, is the world’s most valuable platinum producer and has benefited from a recent upturn in prices for the metal used in catalytic converters.The spin-off marks the biggest step yet by Anglo American as it implements an overhaul developed last year while it fought…

[ad_1] Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldCanada’s steel industry warned of “catastrophic” job losses, factory slowdowns and supply chain disruption after US President Donald Trump doubled tariffs on imports to 50 per cent.Trump’s latest tariff move sparked anger across the border, as Canada’s Prime Minister Mark Carney had only last month travelled to the White House to repair relations frayed after Washington imposed heavy levies on its biggest trading partner.Canada is the largest supplier of steel and aluminium to the US, accounting for nearly a quarter of…

[ad_1] JPMorgan Chase CEO Jamie Dimon said the United States needs to get its act together on trade — quickly.Dimon discussed the ongoing tension between the United States and China on Friday at the 2025 Reagan National Economic Forum, where he led a fireside chat. When asked what his biggest worry was right now, Dimon pointed to the shifting global geopolitical and economic landscape, including trade.”We have problems and we’ve got to deal with them,” Dimon said before referring to “the enemy within.”Addressing the “enemy within,” he said, includes fixing how the United States approaches permitting, regulation, taxation, immigration, education,…

[ad_1] The NAACP is calling on local officials to halt operations at Colossus, the “supercomputer” facility operated by Elon Musk’s xAI in South Memphis. As reported in NBC News, leaders from the civil rights group sent a letter Thursday to the Shelby County Health Department and Memphis Light Gas and Water criticizing the organizations’ “lackadaisical approach to the operation of this dirty data center” and calling on them to “issue an emergency order for xAI to stop operations completely” — or if there’s no order, to at least cite and stop the company from allegedly violating clean air laws. The…

[ad_1] Anthropic CPO Mike Krieger, who also cofounded Instagram, says the job market is going to be tough for new grads.Krieger told The New York Times’ “Hard Fork” podcast on Friday that Anthropic is focused instead on hiring experienced engineers. He said he still has “some hesitancy” with entry-level workers.To some extent, that’s a reflection of Anthropic’s internal structure, which doesn’t yet support a “really good internship program,” Krieger said. Internships have long been the golden ticket to lucrative entry-level tech jobs.But it also shows how AI is upending the labor market, even at AI companies. As AI continues to…

[ad_1] CNN  —  No matter the outcome of a major legal case on President Donald Trump’s tariffs, his import taxes are likely here to stay — in one form or another. Even before a Wednesday ruling that Trump overstepped his authority by using a national emergency to impose most of his tariffs, there had already been discussions inside the West Wing about options if the courts struck down his expansive and untested use of emergency authority, two senior administration officials told CNN. “We really do think we have a strong case and will win,” one of the officials said. “But…

[ad_1] New York CNN  —  The 10-second video begins with a close-up on the abs of a sweaty, shirtless man wearing low-slung, gray sweatpants. But three seconds in, it cuts to a panoramic video of Havasu Falls in Arizona, with its striking turquoise water cascading down from red rocks. Welcome to ParkTok. The video — from an unofficial account posting about Grand Canyon National Park and other nature sites in Arizona — is emblematic of a trend that’s gone viral on TikTok in recent weeks that pairs sexually suggestive clips or music with scenic images and footage of America’s natural…

[ad_1] An AI-powered system could soon take responsibility for evaluating the potential harms and privacy risks of up to 90% of updates made to Meta apps like Instagram and WhatsApp, according to internal documents reportedly viewed by NPR. NPR says a 2012 agreement between Facebook (now Meta) and the Federal Trade Commission requires the company to conduct privacy reviews of its products, evaluating the risks of any potential updates. Until now, those reviews have been largely conducted by human evaluators. Under the new system, Meta reportedly said product teams will be asked to fill out a questionaire about their work,…