The U.S. economy is better than it looks — but it might be due for a slowdown
Consumer spending soared in the second quarter. A repeat is unlikely.
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OP and Qutwo Debut Quantum Computing Partnership
A leading Nordic bank and a quantum startup team up on an AI research unit in Helsinki. This article appears in the July/August issue of Global Finance Magazine. OP Pohjola and Finnish fintech Qutwo Oy are launching a joint quantum computing and AI research unit in Helsinki, aiming to bring quantum-ready artificial intelligence tools to…
Benchmark Mineability and the Financing of AI Innovation — by Alex Chan
Public AI benchmarks steer research and allocate investments. They are therefore market designs. Public examples can reveal the process behind a private final test, while a finite public score cannot cover a broad task space inherent to general intelligence. I show how both gaps become profitable when scores move capital and how targeted effort erodes…
RBA expected to hold interest rate at 4.35% as markets reassess hike bets
The Reserve Bank of Australia (RBA) is on track to keep the Official Cash Rate (OCR) steady at 4.35% for the second consecutive meeting on Tuesday. The decision will be announced at 04:30 GMT, accompanied by the Monetary Policy Statement (MPS) and updated economic forecasts. RBA Governor Michele Bullock’s press conference will follow at 05:30…
Peace With Iran Won’t Last Unless It Benefits Ordinary Iranians by Djavad Salehi-Isfahani
A sustainable peace agreement between the United States and Iran will require more than military deterrence. Without financial sanctions relief that fuels job creation and generates real economic opportunities for ordinary Iranians, it will likely suffer the same fate as the 2015 nuclear deal. BLACKSBURG, VIRGINIA—The US-Israeli war against Iran has been marked by miscalculations,…
Sam’s Links: July Edition – Econlib
Sam Enright works on innovation policy at Progress Ireland, an independent policy think tank in Dublin, and runs a publication called The Fitzwilliam. Most relevant to us, on his personal blog , he writes a popular link roundup; what follows is an abridged version of his Links for June. Blogs and short links 1. From…
Is the economy K-shaped or C-shaped? Finance pros weigh in
The K-shaped economy has become shorthand for a widening, persistent economic divide: higher-income Americans pulling further ahead — in wealth, spending and financial security — while many lower-income households struggle to keep up. Now, that shape may be shifting. “I got sick of hearing about this K-shaped economy,” Treasury Secretary Scott Bessent told CNBC’s “Squawk…
