inflation
US annual inflation accelerated more than expected, with the consumer price index rising 3.8% in April from a year ago. Economists expected a 3.7% increase, and it’s the highest inflation rate since 2023. Loading audio narration… CPI increased 0.6% from March, as expected, and was cooler than March’s 0.9% rise.The…
AI is contributing to mounting inflationary pressures that are weighing on US consumers, Goldman Sachs said. Loading audio narration… It’s been predicted that the technology could rewire the global economy by fueling transformational productivity gains and spurring a wave of disinflation, but so far, it’s actually adding to inflation, Goldman…
Consumers are in for a rude awakening from the what one expert is calling the second wave of inflation caused by the Iran war.The impact of the war on consumers’ wallets has been relatively limited, with inflationary pressures showing up in high gas prices and pricier flights. Market watchers warn…
Elon Musk recently said the “best way” to handle job losses from AI would be for the federal government to pay a “universal high income” to every American. Loading audio narration… The Tesla and SpaceX CEO headed off concerns that doling out big checks would drive up prices: “AI/robotics will…
The effects of the Iran war showed up in the latest US inflation reading. Inflation climbed to the highest rate since May 2024, and gas prices reached a record month-over-month increase. Loading audio narration… The consumer price index increased 3.3% in March from a year ago, up from the 2.4%…
