Hacker News with Generative AI: Economy

Trump threatens tariffs on EU goods and Apple iPhones (bbc.co.uk)
US President Donald Trump has said he is "recommending" a 50% tariff on all goods from the European Union being imported to the United States.
Politics, Trade, Economy, Technology
6 points by c-oreills 2 hours ago | 0 comments
U.S. banks are sitting on $500B worth of unrealized losses (investorsobserver.com)
Banking, Finance, Economy, Investment
15 points by greesil 3 days ago | 2 comments
I'm a LinkedIn Executive. I See the Bottom Rung of the Career Ladder Breaking (nytimes.com)
There are growing signs that artificial intelligence poses a real threat to a substantial number of the entry-level jobs that normally serve as the first step for each new generation of young workers.
Artificial Intelligence, Labor Market, Employment, Job Market, Economy
12 points by mykowebhn 4 days ago | 11 comments
Moody’s strips U.S. of triple-A credit rating (ft.com)
Moody’s strips US of top-notch triple-A credit rating
Finance, Economy, Credit Rating, United States
319 points by Anon84 7 days ago | 358 comments
US set to lose $12.5B in international tourism (wttc.org)
Tourism, Economy, United States
19 points by geox 8 days ago | 0 comments
Potential US semiconductor boom complicated by Trump's economic policies (apnews.com)
54 people killed in overnight airstrikes on southern Gaza city, hospital says
Politics, Economy, Semiconductor Industry
5 points by voxadam 8 days ago | 0 comments
UK economy grew more than expected in first three months of year (bbc.co.uk)
The UK economy is "beginning to turn a corner", the chancellor has said, after it grew by more than expected in the first three months of the year.
Economy, UK, News, Business
9 points by SamCoding 8 days ago | 0 comments
Microsoft is Cutting 3% of All Workers (cnbc.com)
Microsoft, Layoffs, Business, Technology, Economy
140 points by jmsflknr 10 days ago | 30 comments
Initial USA Unemployment Claims (stlouisfed.org)
Economy, Employment, Statistics
37 points by mooreds 11 days ago | 5 comments
The great displacement is already well underway? (shawnfromportland.substack.com)
As I climb into my little twin sized bed in my small RV trailer on a patch of undeveloped deep rural land in the Central New York highlands, exhausted from my 6 hours of doordash driving to make less than 200$ that day, I check my emails one last time for the night: no responses from the 745th through 756th job applications that i put in over the last week for engineering roles i’m qualified or over-qualified for.
Economy, Labor, Technology, Housing
517 points by JSLegendDev 11 days ago | 500 comments
The AI jobs crisis is here, now (bloodinthemachine.com)
It's not coming, it has already arrived.
Artificial Intelligence, Jobs, Economy
35 points by devonnull 13 days ago | 19 comments
The NSF Is Being Dismantled – With Broad Implications for the American Economy (forbes.com)
Science magazine this week reported the latest development in a growing pattern of political disruption to American science: the National Science Foundation is eliminating all 37 of its research divisions, restructuring its grant-making process, laying off staff and canceling over $1 billion in already-awarded grants.
Science, Politics, Economy, Funding, Research
14 points by gammarator 13 days ago | 1 comments
How friction is being redistributed in today's economy (kyla.substack.com)
Good morning from Orlando, Florida!
Economy, Friction, Business
252 points by walterbell 15 days ago | 117 comments
Tech Is Driving the NYC Economy, New Report Finds (thecity.nyc)
The tech sector is now the single most important source of growth in the city’s economy, argues a new report released Tuesday by the think tank Center for an Urban Future and the industry trade group Tech: NYC.
Economy, Tech Industry, Reports
3 points by garbawarb 16 days ago | 0 comments
Spain to reduce the standard 40-hour work week for 12.5 million employees (independent.co.uk)
The Spanish government approved a bill Tuesday reducing the workweek from 40 to 37.5 hours (Associated Press)
Spain, Labor, Work-Life Balance, Politics, Economy
19 points by giuliomagnifico 17 days ago | 4 comments
Don't Look at Stock Markets. Look at the Ports (theatlantic.com)
A drop in maritime traffic suggests that the worst is yet to come.
Economy, Maritime, Ports, Forecasting
12 points by fortran77 19 days ago | 2 comments
America may be just weeks away from a mighty economic shock (economist.com)
America may be just weeks away from a mighty economic shock
Economy, United States, Forecasting
11 points by tomrod 23 days ago | 4 comments
Port of Los Angeles says shipping volume will plummet 35% next week (cnbc.com)
Shipping, Economy, Ports, Los Angeles
724 points by perihelions 23 days ago | 643 comments
U.S. Economy Shrank in First Quarter (nytimes.com)
U.S. gross domestic product, adjusted for inflation, declined at an 0.3 percent annual rate in the first three months of the year, the Commerce Department said Wednesday.
Economy, United States, Business, Finance
21 points by doener 23 days ago | 1 comments
Elon Musk is wrong about GDP (timharford.com)
Of all the dubious claims uttered recently by Elon Musk, I have yet to see a more interesting one than his tweet asserting that “a more accurate measure of GDP would exclude government spending. Otherwise, you can scale GDP artificially high by spending money on things that don’t make people’s lives better.”
Economy, GDP, Elon Musk, Politics
57 points by simonebrunozzi 24 days ago | 112 comments
Wealthy consumers upped their spending last qtr while rest of US is cutting back (cnbc.com)
Economy, Consumer Spending, Finance
12 points by donsupreme 25 days ago | 0 comments
Demand slump hits US ports and air freight (ft.com)
Demand slump fuelled by Trump tariffs hits US ports and air freight
Economy, Trade, Transportation, Logistics
16 points by awnird 25 days ago | 2 comments
White House Tech Bros Are Killing What Made Them (and America) Wealthy (nytimes.com)
Basic research conducted by America’s universities is crucial to our world-class entrepreneurial culture.
Politics, Technology, Economy, Innovation, Research
10 points by nativeit 25 days ago | 3 comments
The Enshittification of Tech Jobs (pluralistic.net)
Tech workers are a weird choice for "princes of labor," but for decades they've enjoyed unparalleled labor power, expressed in high wages, lavish stock grants, and whimsical campuses with free laundry and dry-cleaning, gourmet cafeterias, and kombucha on tap:
Tech, Labor, Employment, Work Culture, Economy
31 points by 3np 25 days ago | 10 comments
China widens tax rebates for foreign tourists to boost spending (jingdaily.com)
Beijing’s latest move to ease tax rebate requirements for international shoppers comes as the government prioritizes boosting domestic consumption to offset trade tensions with the US.
China, Tourism, Economy, Taxation
5 points by suraci 25 days ago | 0 comments
Trust collapsing as job fears surge worldwide, warns UN (news.un.org)
Billions of people around the world are living in fear of job loss or struggling to find work, as economic instability, conflict, and climate shocks combine to erode global security, a new UN report has warned.
Economy, Global Security, Job Market, United Nations
21 points by ksec 26 days ago | 8 comments
California overtakes Japan to become the world's fourth-largest economy (cnn.com)
Economy, California, Japan
7 points by pseudolus 27 days ago | 1 comments
California overtakes Japan to become the fourth-largest economy (cnn.com)
Economy, California, Japan, World News
10 points by MilnerRoute 27 days ago | 2 comments
What Elon Musk Didn't Budget For: Firing Workers Costs Money, Too (nytimes.com)
An expert on the federal work force estimates that the speed and chaos of Mr. Musk’s cuts to the bureaucracy will cost taxpayers $135 billion this fiscal year.
Elon Musk, Cost Analysis, Government, Federal Workforce, Economy
17 points by ceejayoz 28 days ago | 1 comments
California overtakes Japan to become the world's fourth largest economy (edition.cnn.com)
Economy, California, Japan
90 points by ozgune 28 days ago | 108 comments