The New York Times – Business:
Production of the electric trucks will stop in the middle of 2027 to make room for increased production of its autonomous ride-share vehicle, Elon Musk said.
Blog
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Strong Hiring Reinforces a Sturdy Job Market
The New York Times – Business:
Unemployment fell in October, extending years of stability for a U.S. work force threated by inflation and artificial intelligence.
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A.I. Was Supposed to Come for Our Jobs. So Far, Evidence Is Mixed.
The New York Times – Business:
White collar industries that are most exposed to artificial intelligence continued to add jobs in October, although that growth has been weak.
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What Homeowners Should Know About Home Equity Contracts
The New York Times – Business:
Financial tech firms promote home equity contracts as a source of money without monthly payments. But skeptics see “a loan masquerading as obligation-free cash.”
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After a $2.5 Trillion Wipeout, Tech Investors Brace for More Pain
The New York Times – Business:
A stock rally fueled in part by artificial intelligence is being tested after Democrats’ landslide election victories.
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Stable Labor Market to Keep Fed on Track to Raise Rates Gradually
The New York Times – Business:
The Federal Reserve decided against raising interest rates at its meeting last week, but it is widely expected to move again in December to help tame inflation.
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Global Stocks Follow U.S. Sell-Off as A.I. Spending Fears Spread
The New York Times – Business:
Markets in Asia and Europe tumbled, with Japan’s market falling into a bear market.
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Swings in Farm Areas Helped Propel Democrats to Victory
The New York Times – Business:
Anger over tariffs and higher costs because of the war in Iran led many Republican farmers and ranchers to vote blue — or stay home.