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Federal Reserve governor warns: Monetary policy may not be able to address unemployment caused by AI

Federal Reserve governor warns: Monetary policy may not be able to address unemployment caused by AI

Federal Reserve Board member Lisa Cook issued a warning on Tuesday that an AI-driven restructuring of the labor market could put monetary policy in a dilemma—rate cuts would neither effectively address structural unemployment nor might push up inflation. This assessment marks a deepening internal discussion within the Fed about

Labor market moderately recovers, with US ADP weekly average job additions at 12,750, marking the fourth consecutive week of improvement.

Labor market moderately recovers, with US ADP weekly average job additions at 12,750, marking the fourth consecutive week of improvement.

The U.S. private sector employment market is showing signs of sustained improvement, but the overall growth rate remains moderate. On February 24, ADP released the latest National Employment Report (NER) Pulse data, showing that in the four weeks ending February 7, 2026, U.S. private employers added an average

Novo Nordisk will substantially cut the price of its weight-loss miracle drug in the US next year, with reductions of up to 50%.

Novo Nordisk will substantially cut the price of its weight-loss miracle drug in the US next year, with reductions of up to 50%.

``` Novo Nordisk announced a major reduction in the list prices of its flagship weight-loss drugs Wegovy and Ozempic in the U.S. market, unifying the monthly list price of its semaglutide series to $675, with discounts up to 50%. The new pricing will take effect on January 1 next year.

Federal Reserve's Goolsbee: Further interest rate cuts require progress on inflation.

Federal Reserve's Goolsbee: Further interest rate cuts require progress on inflation.

``` Chicago Fed President Goolsbee: 3% inflation is not good enough and does not meet our commitment. Further rate cuts require progress in inflation. Low hiring is a warning signal, but it is driven by uncertainty. More news, continuously updating... Risk disclaimer and termsThe market has risks, and investments should be

False joy? U.S. Supreme Court rejects emergency tariffs, but retailers say: Don’t expect prices to drop

False joy? U.S. Supreme Court rejects emergency tariffs, but retailers say: Don’t expect prices to drop

The U.S. Supreme Court's rejection of the White House's emergency tariff ruling may bring a legal victory for businesses, but due to complex refund procedures and the emergence of new tariff policies, consumers hoping for price drops are likely to be disappointed. According to Reuters,

Cook fulfills $600 billion pledge: Apple accelerates Houston AI server production, Mac mini to be "Made in USA" for the first time

Cook fulfills $600 billion pledge: Apple accelerates Houston AI server production, Mac mini to be "Made in USA" for the first time

After announcing a $600 billion US investment commitment last year, Apple is accelerating the implementation of its domestic manufacturing strategy. On February 24, Apple announced that Mac mini production will commence later this year in Houston, marking the product’s first-ever “Made in America” milestone. The new facility will be

Novo Nordisk's UBT251 Phase II clinical data in China is impressive, with a weight loss effect of nearly 20%.

Novo Nordisk's UBT251 Phase II clinical data in China is impressive, with a weight loss effect of nearly 20%.

Novo Nordisk’s experimental weight loss drug UBT251 achieved significant weight loss results in phase 2 clinical trials in China, providing strong support for the company to find new growth engines in the highly competitive weight loss drug market. According to a report from Novo Nordisk's Chinese partner,