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AI will spark ‘violent task churn’ in the economy, but even optimists may be underestimating the productivity boom, JPMorgan says

"This highlights another long-term trend: New innovations are contributing more quickly to overall productivity growth."

yesterday 0

Jason Ma

The Federal Reserve is about to have an extremely awkward meeting

While there is little doubt about the outcome of the Fed meeting, there are still questions over who exactly will be voting.

yesterday 10

Jason Ma

This housing data is the ‘most critical economic variable’ for predicting recessions, and it’s now at the lowest level since pandemic shutdowns

Moody’s own leading economic indicator that uses machine learning has estimated the odds of a recession in the next 12 months are now at 48%.

yesterday 30

Jason Ma

Utah governor blasts ‘conflict entrepreneurs’ and tech giants that ‘hack our brains’ after Charlie Kirk assassination

"I can't emphasize enough the damage that social media and the internet is doing to all of us, those dopamine hits."

previous day 2

Jason Ma

Markets have been acting ‘super weird’ lately. Just look at gold prices vs. the dollar and bonds

"The fact that the 30-year Treasury yield didn’t fall immediately is weird and worrying. It took very weak payrolls to finally do that."

previous day 10

Jason Ma

Russia’s central bank reveals GDP is shrinking, in a sign Putin’s war economy has slipped into recession

A chart in a central bank report showed GDP shrank on a sequential basis in the first and second quarters, meeting the definition of a technical...

saturday 3

Jason Ma

The Fed ‘desperately’ wants to avoid a recession because it doesn’t want to get blamed and put its independence at risk, top economist says

"Obviously nobody wants a recession. But also in the context of Fed independence, they really don't want to get blamed for going into a downturn...

saturday 2

Jason Ma

Dow futures edge up as recession fears grow while Wall Street awaits the one thing that could derail Fed rate cuts

On Thursday, the consumer price index is due, and Wall Street sees a 0.3% gain, accelerating from the 0.2% pace a month earlier.

08.09.2025 30

Jason Ma

The most troubling feature of the job market is how thinly spread gains are, top economist says — ‘this only happens when the economy is in recession’

"Since the beginning of the year, the economy has created a paltry 600k jobs, but without the job growth in these industries, there would be zero job...

07.09.2025 2

Jason Ma

U.S. may have to refund half its tariff revenue as high-stakes court battle threatens to wreak havoc on the deficit and bond market

"This alone would raise further concerns about the fiscal outlook and likely push bond yields higher."

07.09.2025 3

Jason Ma

Mortgage rates plunge to 11-month low on Fed rate cut hopes, and many lenders may quote in the high 5% range

The average rate on the 30-year fixed mortgage sank 16 basis points on Friday to 6.29%, according to Mortgage Daily News.

07.09.2025 9

Jason Ma

99.1% of Air Canada flight attendants vote against wage offer that union and airline agreed on, but flights will continue

Air Canada restarted operations on Aug. 19 after reaching an agreement with the union for 10,000 flight attendants to end a strike that disrupted...

07.09.2025 5

Jason Ma

The Fed got it wrong and is late again, top economist says, as job gains collapse

"So could they play catch-up? Yes, they could. Hopefully they will, but it's a more risky operation than a lot of people expect it to be."

06.09.2025 7

Jason Ma

‘Godfather of AI’ says the technology will create massive unemployment and send profits soaring — ‘that is the capitalist system’

"We are at a point in history where something amazing is happening, and it may be amazingly good, and it may be amazingly bad."

06.09.2025 4

Jason Ma

You’re much more likely to get retrained than fired due to AI, but layoffs will rise, N.Y. Fed says

Among service companies in the New York–northern New Jersey region that are using AI, 35% said they are retraining their workers, up from 24% last...

05.09.2025 9

Jason Ma

Colleges should go ‘medieval’ on students to beat AI cheating, NYU official says

"Now that most mental effort tied to writing is optional, we need new ways to require the work necessary for learning."

01.09.2025 10

Jason Ma

Trump’s trade adviser says tariffs aren’t permanent after appeals court strikes down reciprocal duties

Navarro said the dissenting opinion in favor of the tariffs should give the White House a strong argument before the Supreme Court.

01.09.2025 30

Jason Ma

Social Security and Medicare cuts are coming because the bond market will eventually bring Congress to its knees, economist says

"A sharp upward repricing of the term premium for longer-dated bonds could force Congress back into a reform mindset."

31.08.2025 10

Jason Ma

Rural America is suffering an economic crisis as crop prices plunge — ‘U.S. soybean farmers cannot survive a prolonged trade dispute’

"Prices continue to drop and at the same time our farmers are paying significantly more for inputs and equipment."

31.08.2025 90

Jason Ma

The housing market is no longer a wealth-building engine as home prices continue to slump

"Now, American housing wealth has actually declined in inflation-adjusted terms over the past year—a notable erosion that reflects the market's new...

31.08.2025 20

Jason Ma

What would the Fed do in a tie vote? It’s not clear, and the Bank of England had to break a deadlock this month

There have been three occasions when a vote on the FOMC passed by a one-vote majority, though the last time it occurred was in 1973.

31.08.2025 20

Jason Ma

Trump’s reciprocal tariffs are struck down by federal appeals court, putting trade deals and huge revenue windfall at risk

The 7-4 ruling won't take effect until Oct. 14, as the court sought to give the Trump administration time to appeal to the Supreme Court.

30.08.2025 10

Jason Ma

Trump declares war on the Fed, setting up a titanic struggle for world’s most important central bank

The Fed officials will likely circle the wagons as they seek to protect the central bank's independence.

26.08.2025 1

Jason Ma

Trump’s tariffs are becoming such an important revenue source that they’re now propping up America’s debt rating

"At this time, it appears that meaningful tariff revenue has the potential to offset the deficit-raising aspects of the recent budget legislation."

26.08.2025 2

Jason Ma

A third of the U.S. economy is already in a recession or at high risk, and another third is stagnating, Zandi warns

"Southern states are generally the strongest, but their growth is slowing."

25.08.2025 20

Jason Ma

Dow eyes fresh highs as Nvidia gets set to report earnings amid AI bubble fears

Wall Street's faith in the staying power of AI as an investment thesis will be put to the test when Nvidia reports quarterly earnings on Wednesday.

25.08.2025 3

Jason Ma

Gen Zer who built multimillion-dollar companies says work-life balance is a trap and lists 5 ways to ‘optimize ruthlessly’ during your peak years

"When you front-load success early, you buy the luxury of choice for the rest of your life."

25.08.2025 3

Jason Ma

The Federal Reserve could start resembling the Supreme Court

Fed governors typically step down before their terms expire, but they may stay on until a president from their political party is in the White House.

24.08.2025 8

Jason Ma

Russia is ‘teetering on the brink of a recession’ and headed for a disastrous harvest, while Putin’s other top source of cash plunges

"We also think there's a significant probability of Russia's economy slipping into a technical recession in the coming quarters."

24.08.2025 5

Jason Ma

The Fed is starting to worry about the housing market now

"A few participants noted a weakening in housing demand, with increased availability of homes for sale and falling house prices."

24.08.2025 3

Jason Ma

Powell ‘holds the key’ to the next Fed rate move as divided policymakers will likely fail to reach a consensus again, JPMorgan says

Another contested meeting would mark further deviation from the Fed's traditional consensus-driven decision-making process.

23.08.2025 4

Jason Ma

Winter is coming: U.S. will be most vulnerable to a recession late this year and early next as tariff and immigration fallout peak, top economist says

With the economy facing many threats, it wouldn’t take much to push it into recession, Mark Zandi warns.

23.08.2025 10

Jason Ma

Sergey Brin told Google’s AI workers that working 60 hours a week is the ‘sweet spot’

"I think we have all the ingredients to win this race, but we are going to have to turbocharge our efforts."

19.08.2025 5

Jason Ma

Massive AI spending has a ‘crowding out’ effect that could slow other sectors, top economist says

“We’re notoriously undersupplied in our housing market. Does that mean it’s going to be even more difficult for us to build homes?”

18.08.2025 9

Jason Ma

Dow futures rise as updates this week from the Fed and top retailers will test Wall Street’s big rally

Fed minutes are due, and top retailers will report earnings in the coming week. But the main attraction will be Jerome Powell's speech on Friday.

18.08.2025 40

Jason Ma

Fed Chair Jerome Powell may seriously disappoint Wall Street at Jackson Hole

"It will be difficult for policymakers to tease out one-off tariff effects from longer-lasting inflationary pressures."

18.08.2025 20

Jason Ma

We still aren’t sure what’s going on with tariffs and inflation — or what will happen next

"Despite this firmness, the tariff pass-through effect on consumer prices arguably has been less bad than expected so far."

17.08.2025 9

Jason Ma

Trump’s reciprocal tariffs could be struck down as soon as this month — and the administration is warning of economic apocalypse

"In short, the economic consequences would be ruinous, instead of unprecedented success."

17.08.2025 30

Jason Ma

Airfares are surging again after a months-long slump as carriers trim flights to ease a capacity glut

The latest consumer price index report showed airfares jumped 4% in July from June, marking the first monthly increase since January.

17.08.2025 6

Jason Ma

Trump could trigger a financial crisis in Russia — if he wants to — but has backed off from his threat of ‘very severe consequences’

"Trump can squeeze the Russians; he seems to forget that the United States holds the cards, not Moscow."

16.08.2025 5

Jason Ma

Trump says ‘we didn’t get there’ but touts progress as meeting with Putin ends without a deal to stop Ukraine war

"We had an extremely productive meeting, and many points were agreed to and there are just a very few that are left."

16.08.2025 9

Jason Ma

You’re welcome, world: U.S. tariffs may cool inflation for the rest of the global economy

"We doubt that US tariffs will significantly affect inflation in the rest of the world, but if anything, the effect could be mildly disinflationary."

15.08.2025 6

Jason Ma

Trump extends China tariff truce by another 90 days, pushing new deadline to November

For now, the extension of a truce means that US tariffs on Chinese goods this year stand at 30%.

12.08.2025 10

Jason Ma

When the next recession hits, whoever is president will face intense pressure to cut tariffs, so don’t rely on them for revenue, top economist says

"There's going to be a strong incentive on that president's part to say, 'OK, I'm going to cut the taxes.'"

11.08.2025 3

Jason Ma

Dow futures rise as Wall Street and the Fed brace for updates on how much Trump’s tariffs are stoking inflation

The consumer price index for July will come out on Tuesday, and Wall Street expects a 0.2% monthly overall increase and a 0.3% uptick in the core CPI.

11.08.2025 7

Jason Ma

This unprecedented shift in unemployment suggests AI could strand white-collar knowledge workers in a jobless recovery after the next recession

"A much larger unemployment risk and anemic recovery prospects for these workers might cause the next labor market downturn to look pretty dismal."

11.08.2025 6

Jason Ma

More than half of industries are already shedding workers, a ‘telling’ sign that’s accompanied past recessions, top economist says

"Things could still turn around if the economic policies weighing on the economy soon lift. But that looks increasingly unlikely."

10.08.2025 8

Jason Ma

Sam Altman says the AI talent war is a bet that a ‘medium-sized handful of people’ will make superintelligence breakthroughs

"I'm not I'm not totally sure what's gonna happen, but it is a crazy intense comp for a very small number of people right now."

10.08.2025 10

Jason Ma

Putin will meet Trump as a ‘fiscal crunch’ is about to hit Russia’s war machine

"Though that may not be enough to compel Putin to seek peace, it does suggest that the walls are closing in on him."

10.08.2025 10

Jason Ma

A new bull market has begun and is still in the early stages, so buy the dips, top Wall Street analyst says

Wilson's view is part of an increased sense of optimism on Wall Street as fears over tariffs ease with the signing of several trade deals.

10.08.2025 10

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Popular

AI will spark ‘violent task churn’ in the economy, but even optimists may be underestimating the productivity boom, JPMorgan says

Jason Ma

The Federal Reserve is about to have an extremely awkward meeting

Jason Ma

This housing data is the ‘most critical economic variable’ for predicting recessions, and it’s now at the lowest level since pandemic shutdowns

Jason Ma

Utah governor blasts ‘conflict entrepreneurs’ and tech giants that ‘hack our brains’ after Charlie Kirk assassination

Jason Ma

Markets have been acting ‘super weird’ lately. Just look at gold prices vs. the dollar and bonds

Jason Ma

Russia’s central bank reveals GDP is shrinking, in a sign Putin’s war economy has slipped into recession

Jason Ma

The Fed ‘desperately’ wants to avoid a recession because it doesn’t want to get blamed and put its independence at risk, top economist says

Jason Ma

Dow futures edge up as recession fears grow while Wall Street awaits the one thing that could derail Fed rate cuts

Jason Ma

The most troubling feature of the job market is how thinly spread gains are, top economist says — ‘this only happens when the economy is in recession’

Jason Ma

U.S. may have to refund half its tariff revenue as high-stakes court battle threatens to wreak havoc on the deficit and bond market

Jason Ma

Mortgage rates plunge to 11-month low on Fed rate cut hopes, and many lenders may quote in the high 5% range

Jason Ma

99.1% of Air Canada flight attendants vote against wage offer that union and airline agreed on, but flights will continue

Jason Ma

The Fed got it wrong and is late again, top economist says, as job gains collapse

Jason Ma

‘Godfather of AI’ says the technology will create massive unemployment and send profits soaring — ‘that is the capitalist system’

Jason Ma

You’re much more likely to get retrained than fired due to AI, but layoffs will rise, N.Y. Fed says

Jason Ma

Colleges should go ‘medieval’ on students to beat AI cheating, NYU official says

Jason Ma

Trump’s trade adviser says tariffs aren’t permanent after appeals court strikes down reciprocal duties

Jason Ma

Social Security and Medicare cuts are coming because the bond market will eventually bring Congress to its knees, economist says

Jason Ma

Rural America is suffering an economic crisis as crop prices plunge — ‘U.S. soybean farmers cannot survive a prolonged trade dispute’

Jason Ma

The housing market is no longer a wealth-building engine as home prices continue to slump

Jason Ma

What would the Fed do in a tie vote? It’s not clear, and the Bank of England had to break a deadlock this month

Jason Ma

Trump’s reciprocal tariffs are struck down by federal appeals court, putting trade deals and huge revenue windfall at risk

Jason Ma

Trump declares war on the Fed, setting up a titanic struggle for world’s most important central bank

Jason Ma

Trump’s tariffs are becoming such an important revenue source that they’re now propping up America’s debt rating

Jason Ma

A third of the U.S. economy is already in a recession or at high risk, and another third is stagnating, Zandi warns

Jason Ma

Dow eyes fresh highs as Nvidia gets set to report earnings amid AI bubble fears

Jason Ma

Gen Zer who built multimillion-dollar companies says work-life balance is a trap and lists 5 ways to ‘optimize ruthlessly’ during your peak years

Jason Ma

The Federal Reserve could start resembling the Supreme Court

Jason Ma

Russia is ‘teetering on the brink of a recession’ and headed for a disastrous harvest, while Putin’s other top source of cash plunges

Jason Ma

The Fed is starting to worry about the housing market now

Jason Ma

Powell ‘holds the key’ to the next Fed rate move as divided policymakers will likely fail to reach a consensus again, JPMorgan says

Jason Ma

Winter is coming: U.S. will be most vulnerable to a recession late this year and early next as tariff and immigration fallout peak, top economist says

Jason Ma

Sergey Brin told Google’s AI workers that working 60 hours a week is the ‘sweet spot’

Jason Ma

Massive AI spending has a ‘crowding out’ effect that could slow other sectors, top economist says

Jason Ma

Dow futures rise as updates this week from the Fed and top retailers will test Wall Street’s big rally

Jason Ma

Fed Chair Jerome Powell may seriously disappoint Wall Street at Jackson Hole

Jason Ma

We still aren’t sure what’s going on with tariffs and inflation — or what will happen next

Jason Ma

Trump’s reciprocal tariffs could be struck down as soon as this month — and the administration is warning of economic apocalypse

Jason Ma

Airfares are surging again after a months-long slump as carriers trim flights to ease a capacity glut