Hacker News with Generative AI: Economy

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.
California overtakes Japan to become the world's fourth largest economy (edition.cnn.com)
Home sales drop to their slowest pace since 2009 (cnbc.com)
California now 4th largest economy in the world (gov.ca.gov)
Ask HN: Why so many companies reducing middle management recently? (ycombinator.com)
The dollar's sell-off raises concerns that investors are losing trust in U.S. (cbsnews.com)
The dollar's sell-off raises concerns that investors are losing trust in the U.S.
ESPP? In This Economy? (dollar42.com)
Most people misunderstand Employee Stock Purchase Plans (ESPPs).
China's Coal Generation Dropped 5% YoY in Q1 as Electricity Demand Increased (cleantechnica.com)
China’s coal-fired electricity generation took an unexpectedly sharp turn downward in the first quarter of 2025, signaling a potentially profound shift in the world’s largest coal-consuming economy.
Home galleries are hiding in plain sight across Canada (cbc.ca)
She throws art shows in her apartment. He does the same in a chicken coop. Upstart curators are creating ad-hoc exhibition space wherever they can, and as the cost of living climbs, the number of residential galleries may continue to grow.
US chocolate prices surge amid soaring cocoa costs and tariffs (theguardian.com)
For many Americans celebrating Easter, the holiday is incomplete without chocolate: chocolate bunnies and eggs, bars tucked into Easter baskets, candy hidden in plastic eggs for Easter egg hunts.
Donald Trump vs. Mr Market (ft.com)
Europe's Markets Are Winning from Ebbing of 'America First' Trade (bloomberg.com)
Europe’s long-sluggish financial markets are being shocked into life as Donald Trump’s drive to reshape global trade and security undermines America’s decades-long dominance.
Fed resists pressure to rescue Treasury market (semafor.com)
The Federal Reserve is resisting pressure from the White House and Washington to spur big banks to buy more Treasury bonds, a reluctance that could further shake an unnerved market for US debt.
The Fed Can't Save This One: Why Bonds May Break the Stock Market in 2025 (io-fund.com)
'Something worse than recession' worries predictor of 2008 financial crisis (nbcnews.com)
Ray Dalio, the founder of the hedge fund Bridgewater Associates, said Sunday he is "worried about something worse than a recession" if President Donald Trump does not properly handle tariffs and other economic policies.
Trump announces "no Tariff 'exception' announced on Friday" (techcrunch.com)
The tech industry may not be safe from new tariffs, according to U.S. Commerce Secretary Howard Lutnick.
Homeless in Colorado may sleep in their cars if they have a job (nytimes.com)
On the side of a highway leading to some of the most coveted slopes in the world, in a parking lot covered in snow, a form of affordable housing has emerged.
Last gasp of the landfill economy (blogspot.com)
It seems we're supposed to mourn the last gasp of The Landfill Economy. Perhaps we should celebrate its demise.
The thing about Europe: it's the actual land of the free now (economist.com)
The thing about Europe, the sneerers say, is that it is over-regulated.
Mira Murati's reported $2B 'seed' funding suggests the AI boom is alive and well (fortune.com)
Mira Murati’s reported $2 billion ‘seed’ funding suggests the AI boom is alive and well, even after a week of economic chaos
Jamie Dimon says Gen Z has no reason to be depressed (yahoo.com)
JPMorgan Chase CEO Jamie Dimon remains optimistic about the future for younger generations, believing that advances in technology and the massive Great Wealth Transfer will help Gen Z and Gen Alpha live longer, more prosperous lives.
Trump Could Dethrone the Dollar (foreignaffairs.com)
The U.S. dollar has been the dominant currency in global trade and finance for more than seven decades. Over that time, little has ever truly threatened its position.
Trump raises tariffs on China to 125% announces 90 day pause for other countries (theguardian.com)
Stocks surge after US president makes the announcement on Truth Social
China could crush the U.S. housing market (cnbc.com)
Tech hiring stalls as AI hype, layoffs, tariffs, economic uncertainty collide (theregister.com)
The hint of optimism to be found in February's tech jobs numbers? Yeah, it's pretty much gone, according to multiple analyses of the latest data out from the US Bureau of Labor Statistics for March.
The Everything Bubble – mismanagement has put the American economy at risk (medium.com)
The American economy has been twisted into a perverted mockery of the natural order, the consequences of which have spawned the slow rot of speculative insanity that is turning the most powerful economic engine in history into a shambling, zombified husk of what was once rationality.
Trump to Sign Order Aimed at Reviving a Struggling Coal Industry (nytimes.com)
President Trump plans to sign an executive order Tuesday aimed at expanding the mining and use of coal in the United States, in an effort to revive the struggling industry.
US is in a recession, most CEOs tell BlackRock boss Larry Fink (indiatimes.com)
Trump threatens 50% additional tariffs to China (cnbc.com)
No state has axed its income tax in 45 years; 2 Southern states plan to do so (apnews.com)
No state has axed its income tax on wages in 45 years. Now 2 Southern states are on a path to do so