by Morningstar | Jan 16, 2024 | alerts, Markets/Economy
Here’s what Americans say they’d do with a surprise pay bump U.S. consumers may be growing a bit more uneasy about their debts. That’s according to a report released Tuesday by the Federal Reserve Bank of New York, which looked at Americans’...
by Bloomberg.com | Jan 16, 2024 | alerts, Markets/Economy
GDP deflator reflects broader picture than consumer prices Weak consumer confidence, housing slump dragging on growth A Chinese measure of economy-wide prices marked its longest slide since 1999, underscoring deep deflationary pressures that are weighing on the...
by Bloomberg.com | Jan 15, 2024 | alerts, Markets/Economy
Researchers measured AI responses to 200,000 legal questions Frequent ‘hallucinations’ could hurt self-represented litigants Popular AI chatbots from OpenAI Inc., Google LLC, and Meta Platforms Inc. are prone to “hallucinations” when answering legal questions, posing...
by Bloomberg.com | Jan 14, 2024 | alerts, Markets/Economy
Overseas investors have resumed selling China onshore equities in the new year as pessimism over the country’s sluggish economic recovery deepens. Global funds offloaded 7.9 billion yuan ($1.1 billion) of stocks in the first two weeks of 2024, after making large...
by Yahoo.com | Jan 14, 2024 | alerts, Markets/Economy
Stocks climbed last week, with the S&P 500 gaining 1.8% to close at 4,783.83. The index is now up 0.3% year to date, up 33.7% from its October 12, 2022 closing low of 3,577.03 and down 0.3% from its January 3, 2022 record closing high of 4,796.56. Often times,...
by Lance Roberts | Jan 12, 2024 | alerts, Markets/Economy, Real Investment Advice
In the most recent BLS employment report, the percentage of full-time jobs relative to the population dropped sharply. The robust headline number of 216,000 led most media commentators to suggest a “soft landing” is at hand. However, the decline in full-time...
