Economics

In the fast-paced world of artificial intelligence, where innovation is currency and talent is king, a shocking revelation has emerged from the heart of Silicon Valley. Tech giant Google, a name synonymous with AI advancement, is allegedly employing an unusual tactic to retain its top Google AI staff. Instead of fostering a stimulating environment, reports suggest Google is paying some of its prized AI researchers to do absolutely nothing for up to a year, all in the name of preventing them from joining rival companies. Is this a desperate move in the escalating AI talent war, or a questionable strategy that could backfire? The Alleged Google Tactic: Paid Inactivity for AI Staff According to a Business Insider report, Google's AI division, DeepMind, based in London, is resorting to what are described as “aggressive” non-compete agreements. These agreements are not just standard clauses; they reportedly bar some Google AI staff from…

A judge directed lawyers to address a short list of her remaining concerns about a multibillion-dollar settlement that could reshape college sports.

If approved, schools would be able to pay student athletes directly for the first time.

“Liberation Day”: That is what US President Donald Trump has called Wednesday, April 2, the day he announced huge swaths of taxes on imports worldwide.

It is our contention that trade does not occur between nations, but between individuals, and that barriers to individuals pursuing their own peaceful exchanges should be as low as possible. We should, therefore, reject both mercantilism and policy-driven trade deals in favor of genuine free trade.

Technology and oil could get whacked pretty hard by the new tariffs....

Examining potential circuit breakers for the aggressive trade policies that have tanked US stocks....

Five charts on the pivot in globalization, as tariffs threaten the end of the global trade hegemony of the last 80 years....

More people are bringing lunch to work and restaurants are selling fewer lunches than they did in 2020

Jerome Powell said the Fed will wait to see how tariffs affect prices and growth before making any interest rate moves.

One of the best things about being Guatemalan is growing up in a land rich in my two greatest addictions: coffee and chocolate. Life wouldn’t be the same

The billionaires club has never been bigger—or richer. Here’s who’s up, who’s down, who’s off the list and why it matters more than ever.

Americans are fascinated by wealth, but how much do we know about it? These millionaire statistics tell us more.

He said the import taxes are “highly likely” to lead to “at least a temporary rise in inflation.”

President Donald Trump is placing steep new tariffs on virtually all U.S. trading partners, stoking fears of rising prices for consumers and deepening trade wars.

More than $1 trillion of yesterday’s losses came from the Mag 7 after Tuesday's tariff reveal.

Genuine trade reciprocity would entail the United States lowering our current tariff rates and remove non-tariff barriers.

A drop in consumer confidence and a decline in travel spending is weighing on travel stocks.

Burrito chain, heavily reliant on Mexican imports, has worked since 2018 to diversify sourcing for guacamole ingredient

The suspense is off the charts as Trump is set to announce a major tariff package.

The OEC Tariff Simulator allows you to estimate the direct and indirect impact of tariffs.

Dorothy Day believed in radical generosity, but what if free markets do more to lift people out of poverty? Learn how capitalism quietly gets the job done

Inflation, zoning laws, and neighborhood lobby groups all work to make affordable housing a distant dream for most Americans. Are subsidized housing projects and inclusionary zoning mandates the answer, or can the market provide a solution?

New York City’s experience with congestion pricing, even if imperfectly structured, is a testament to spontaneous order—a real-world experiment showing the “marvel” of prices, as F. A. Hayek described it.

Drawing on decades of policy research, Alex Nowrasteh worked with Ryan Bourne to coordinate more than a dozen Cato scholars in crafting the Institute’s recommendations for the Department of Government Efficiency.

Former Microsoft and now Amazon exec Panos Panay announced that Amazon has added the photo library feature everyone was asking for: shopping links. The image storage service’s search uses image recognition to analyze your photos and surface products it thinks you’re searching for, then pop up a lens icon over them so you can buy them on Amazon. It’s unclear from the help page whether turning off the Tag Photos feature will shut this down if you’d like to opt out -- we’ve contacted Amazon for more info. [Media: https://www.threads.net/@panospanay/post/DHwnqEFSvNq]

In a phone interview with NBC News, President Donald Trump also said he wouldn’t fire anyone involved in the Signal group chat.

The drivers are most frequently classified as independent contractors, which means they wouldn’t be eligible for the tax break under the bill as drafted.