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Economy

US Regulators Warn AI Firms to Comply with Laws, Say They Already Have Power to Crack Down on Misuse

April 26, 2023 - 8:28 pm by Nick R. Hamilton

U.S. federal government regulators have issued a warning to artificial intelligence (AI) companies about potential misuse of the rapidly advancing technology.

Categories Economy, News Tags Artificial Intelligence, Business, FTC, News, Regulators, Technology 1 Comment

BRICS De-Dollarization Push Gathers Momentum

April 22, 2023 - 12:30 pm by Frank Bergman

The push for de-dollarization led by the BRICS group is continuing to gather momentum as Indonesia moves to shift away from the U.S. dollar for trade and financial transactions.

Categories Economy, News Tags BRICS, China, De-dollarization, Dollar, Indonesia, Russia 6 Comments

Goldman Sachs: AI Could Automate Two-Thirds of All American Occupations

April 19, 2023 - 8:21 am by Nick R. Hamilton

Goldman Sachs economists have warned that two-thirds of all occupations across America could be partially automated by artificial intelligence (AI).

Categories Economy, News Tags Artificial Intelligence, Bill Gates, Business, Elon Musk, Jobs, News, Workers 5 Comments

Americans Paid $5 Trillion in Taxes to IRS Last Year Alone

April 18, 2023 - 7:08 am by Nick R. Hamilton

The Internal Revenue Service (IRS) raked in a record-breaking $5 trillion in taxes last year.

Categories Economy, News Tags Americans, Business, Economy, IRS, News, Taxes, Taxpayers 2 Comments

Trump’s Business Empire Is Expanding, Financial Report Shows

April 16, 2023 - 7:08 pm by Nick R. Hamilton

President Donald Trump’s vast business empire has been expanding since his return to private life, his recently filed personal financial disclosure report shows.

Categories Economy, News Tags Business, Net Worth, News, Trump, Trump Organization Leave a comment

Warren Buffett Dumps Billions in Taiwanese Stock as Fears of Chinese Invasion Mount

April 14, 2023 - 8:16 pm by Frank Bergman

Renowned American investor Warren Buffett has just dumped billions of dollars worth of stock for a Taiwanese chipmaker as fears mount that China is preparing to invade the island nation.

Categories Economy, News Tags China, Chinese Communist Party, Taiwan, Warren Buffett 9 Comments

IRS Warns Time Running Out to Claim $1.5 Billion in Unclaimed Refunds for 2019 Tax Year

April 13, 2023 - 6:02 pm by Nick R. Hamilton

The Internal Revenue Service (IRS) has warned American taxpayers that time is running out to claim tax refunds for 2019.

Categories Economy Tags Business, IRS, News, Tax Leave a comment

Top Economist Issues Warning about Banking Crisis: ‘The Worst Is Ahead of Us’

April 11, 2023 - 8:18 pm by Frank Bergman

A top U.S. economist has issued a warning to the American people regarding the banking crisis.

Categories Economy, News Tags Banking Crisis, Banks, Economy, Nouriel Roubini 2 Comments

Baby Boomers Replace Millennials as Top Home-Buying Generation in America

April 11, 2023 - 6:02 pm by Nick R. Hamilton

Baby boomers have just taken the top spot when it comes to buying homes in America.

Categories Economy Tags Baby Boomers, Business, Home Buying, Millennials, News, Real Estate Leave a comment

IRS to Prioritize Criminal Investigations and Enforcement for Certain Assets

April 10, 2023 - 7:55 am by Nick R. Hamilton

The Internal Revenue Service (IRS) has announced that the federal tax agency is prioritizing criminal investigations and will be increasing enforcement on certain assets.

Categories Economy Tags Business, Cryptocurrency, IRS, News, Tax 5 Comments
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