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Fed's Barr: US should prepare for 'serious' AI job disruption, widening inequality

Fed's Barr: US should prepare for 'serious' AI job disruption, widening inequality

By Howard Schneider WASHINGTON, Nov 12 (Reuters) - The US should be prepared for "serious short-term disruptions" to the job market because of artificial intelligence which, depending on how fast it is deployed, could begin displacing workers at scale and widening inequality in favor of investors,

US weekly jobless claims increase, but labor market remains stable

US weekly jobless claims increase, but labor market remains stable

By Lucia Mutikani WASHINGTON, Nov 12 (Reuters) - The number of Americans filing new claims for unemployment benefits increased last week, but remained at a level consistent with a stable or even strengthening labor market, allowing the Federal Reserve to focus on fighting inflation.

Asian Stocks Mixed Amid CoreWeave Boost and U.S. Inflation Concerns

Asian Stocks Mixed Amid CoreWeave Boost and U.S. Inflation Concerns

Asian Stocks Mixed Amid CoreWeave Boost and U.S. Inflation Concerns

AI Boom's Economic Impact Driven More by Stock Market Gains Than Data Center Buildout, Fed Model Suggests

AI Boom's Economic Impact Driven More by Stock Market Gains Than Data Center Buildout, Fed Model Suggests

AI Boom's Economic Impact Driven More by Stock Market Gains Than Data Center Buildout, Fed Model Suggests

Dow Jones Industrial Average Surges Over 1,100 Points Amidst Declining Oil Prices and Tech Rebound

Dow Jones Industrial Average Surges Over 1,100 Points Amidst Declining Oil Prices and Tech Rebound

Dow Jones Industrial Average Surges Over 1,100 Points Amidst Declining Oil Prices and Tech Rebound

U.S. Economy Adds 165,000 Jobs in October, Exceeding Expectations Under President Trump

U.S. Economy Adds 165,000 Jobs in October, Exceeding Expectations Under President Trump

U.S. Economy Adds 165,000 Jobs in October, Exceeding Expectations Under President Trump

Federal Reserve Official Warns of Economic Overheating Due to AI Data Center Boom and Broadening Inflation

Federal Reserve Official Warns of Economic Overheating Due to AI Data Center Boom and Broadening Inflation

Federal Reserve Official Warns of Economic Overheating Due to AI Data Center Boom and Broadening Inflation

As higher prices seep into broader economy, Fed officials consider faster hikes

As higher prices seep into broader economy, Fed officials consider faster hikes

More evidence this week of hot inflation in the U.S. was unpleasant news for the Federal Reserve, not to mention consumers: Rising prices may be spreading beyond the one-time shocks from tariffs and high gas prices into the wider economy, meaning that mortgages, credit cards and other forms of borrowing are likely to become increasingly expensive

Wall Street set for higher open as CoreWeave results temper AI spending concerns

Wall Street set for higher open as CoreWeave results temper AI spending concerns

By Utkarsh Hathi and Tharuniyaa Lakshmi Nov 11 (Reuters) - The main US indexes were on track to open higher on Wednesday after neocloud firm CoreWeave's strong earnings assuaged investor worries about bloated AI expenditure.

VanEck Social Sentiment ETF (BUZZ) Tracks Investor Optimism Using AI, Focuses on Tech Sector

VanEck Social Sentiment ETF (BUZZ) Tracks Investor Optimism Using AI, Focuses on Tech Sector

VanEck Social Sentiment ETF (BUZZ) Tracks Investor Optimism Using AI, Focuses on Tech Sector

U.S. Economy Poised for Steady Growth in 2027 Despite Inflation and Interest Rate Challenges

U.S. Economy Poised for Steady Growth in 2027 Despite Inflation and Interest Rate Challenges

U.S. Economy Poised for Steady Growth in 2027 Despite Inflation and Interest Rate Challenges

Bonds reel as hot inflation fuels jumbo Fed hike fears

Bonds reel as hot inflation fuels jumbo Fed hike fears

By Stella Qiu SYDNEY, Nov 11 (Reuters) - Global bonds tumbled and the dollar stayed firm after a hot US inflation print and hawkish central bank rhetoric raised the risk of an outsized half-point rate hike from the Federal Reserve next month, though stocks remained resilient.