Aggregate economic indicators are obscuring a widening divide between those enjoying rapid income growth and those facing deteriorating job prospects. The rise of AI could deepen this disparity, with certain regions and workers experiencing recession-like conditions while others enjoy boom times.
July 2026 24 July 2026 External communication Publication of the 2026 ECB Convergence Report On 24 June 2026 the ECB published its Convergence Report assessing the progress made towards euro adoption in the Czech Republic, Hungary, Poland, Romania and Sweden, following its adoption by the General Council of the ECB. Prepared in accordance with Article…
New car prices are averaging close $50,000, and recent data shows near 10% of car buyers who take out loans for their vehicles are paying more than $1,000 monthly for their vehicles. Consumers paid an average of $49,758 for new cars in June, according to Cox Automotive’s Kelley Blue Book. The average June price for…
Mark Humphrey/AP/REX / Shutterstock.com Commitment to Our Readers GOBankingRates’ editorial team is committed to bringing you unbiased reviews and information. We use data-driven methodologies to evaluate financial products and services – our reviews and ratings are not influenced by advertisers. You can read more about our editorial guidelines and our products and services review methodology….
Under unitary taxation, multinational companies are treated as what they are: single businesses. Their global profits are aggregated, and the right to tax them is allocated among countries according to where the group’s economic activity takes place. Economic activity is usually measured using a formula that captures the factors contributing to multinational profits. Under a…
If you’re wondering how powerful AI systems are becoming, consider what just happened. An AI agent escaped the isolated environment where it was being tested, found its way onto the open internet, discovered and exploited unknown software vulnerabilities, and broke into another company’s production system, all in pursuit of a single, narrow goal: finding the…
The state of the AI revolution can be confusing. At times, it can seem as if the latest artificial intelligence models are showing huge capability increases. One example is when two OpenAI models broke out of the lab, accessed the internet, and broke into another AI company. Or, as a Wall Street Journal headline put…
