The US Department of Labor is partnering with approximately 40 organizations, including Google, Microsoft, and OpenAI, to build an AI Workforce Hub, a centralized platform to track AI's impact on jobs…
The U.S. economy grew at a 1.5% annual rate in the second quarter of 2026, unchanged from the earlier estimate and down from 2.1% in the first quarter, according to the Commerce Department's Bureau of…
US GDP growth over the last year has been underestimated by about 0.3 percentage points because official statistics miss most of the value created by fabless chipmakers like Nvidia, whose products are…
Elon Musk predicted in a May Forbes interview that digital intelligence could surpass the combined intelligence of all humans within five years and that the economy could double in size within five to…
Economist Steve Moore called the current U.S. expansion "the biggest industrial boom in the history of the United States" on Fox Business, forecasting $6-7 trillion in AI and data center investment ov…
The US trade deficit widened to $77.6 billion in May, a 42.2% increase from April, driven by record capital goods imports of $128 billion amid AI and data center demand, while exports fell 3.2% due to…
The US goods-and-services trade deficit widened 42.2% to $77.6 billion in May 2026, driven by a surge in capital-goods imports linked to AI infrastructure investment, according to official data and Re…
The U.S. trade deficit widened sharply in May, jumping 42.2% to $77.6 billion, as an AI investment boom drove imports of capital goods to a record high of $128.0 billion. Exports fell 3.2% to $317.7 b…