An in-depth study conducted from the Finnish Economic Research Institute (Etla) has found that, rather than reducing the overall demand for jobs, artificial intelligence (AI) has significantly restructured the types of skills and jobs in demand. The organization’s recent findings show how the emergence of AI in text generation has profoundly impacted job markets. In … Read more
Retirement accounts are an important part of the financial assets that many Americans plan to pass down to family. But the constantly changing rules mean that many people are confused about what is required of them if they inherit a 401(K) or an IRA. The rules around inheritance of retirement accounts are complex and depend … Read more
The Federal Reserve’s rate hikes have helped slow overall prices, but they’re also keeping inflation steady because of how home ownership costs factor into key metrics, according to housing expert Jim Parrott and Mark Zandi, chief economist at Moody’s Analytics. In one Washington Post published on Thursday, they called on the Fed to declare victory … Read more
Gas prices are falling and employers are hiring, but some goods and services remain stubbornly expensive, resulting in mixed consumer sentiment. AYESHA RASCOE, PRACTICE: Now to the economy, the nation’s and yours. Businesses are hiring. Unemployment is low. But many Americans say they are upset about their finances, and that could be a big factor … Read more
Embracing AI for increased profits Gone are the days when financial success was tied only to the confines of an office or the whims of an employer. The dawn of artificial intelligence in late 2022 reshaped the landscape, revealing huge opportunities to exploit this revolutionary technology for financial gain. Industry giant Forbes highlights a trend … Read more
The automotive industry is at a pivotal point, with electric vehicles (EVs) becoming an integral part of many manufacturers’ lineups. Dodge, known for its powerful HEMI engines and muscle cars, is entering this electric landscape with the all-new 2024 Dodge Charger Daytona two-door. This bold move comes as a response to market demands and environmental … Read more
PixelsEffect / iStock.com According to the Bureau of Labor Statistics (BLS), the average person age 65 and older spends $52,141 a year, or $4,345 a month. Breaking this down further, 65 to 74 year olds spend $56,435 per year ($4,703 per month), while those 75 and older spend close to $45,820 per year ($3,818 per … Read more
Stuart Wallace/Shutterstock / Stuart Wallace/Shutterstock Many Americans had a positive economic experience during Donald Trump’s presidency. An April poll by the Associated Press-NORC Center for Public Affairs found that Americans believed Trump was better for the economy and that he had helped create jobs and the cost of living in the country. Check out: 9 … Read more
South Africa’s ICT sector is currently experiencing a significant employment slowdown, with recruitment down 11% year-on-year compared to the first quarter of 2023. This is according to the latest CareerJunction Employment Insights report, which collected by Saongroup South Africa, who work with over 5,000 of SA’s leading recruiters. According to the report, despite continued demand … Read more
or the new set of market fundamentals is set to have an impact on the future course of product tanker markets. In its latest weekly report, shipbroker Gibson said the long-awaited turnaround in the product tanker market due to the start-up of the 650 kbd Dangote refinery appears to be coming. The refinery imported its … Read more