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MIT research finds: Artificial intelligence can already replace 11.7% of the U.S. workforce

MIT research finds: Artificial intelligence can already replace 11.7% of the U.S. workforce

``` A study released by MIT on Wednesday shows that artificial intelligence is already able to replace 11.7% of the U.S. labor market, which is equivalent to as much as $1.2 trillion in wages in the finance, healthcare, and professional services sectors. This study used a workforce simulation

Oracle surged over 6% intraday, with Wall Street "bottom fishers" expecting the stock price to rebound by 90%.

Oracle surged over 6% intraday, with Wall Street "bottom fishers" expecting the stock price to rebound by 90%.

Oracle’s stock, which had plunged nearly 30% over the past month, rebounded sharply on Wednesday—up as much as 6.6% early in the session and narrowing to under 5% by midday—poised to break out of Tuesday’s lowest closing point in over five months, with a chance

Japan plans to issue over 11.5 trillion yen in new bonds to finance the fiscal stimulus package.

Japan plans to issue over 11.5 trillion yen in new bonds to finance the fiscal stimulus package.

The Japanese government is planning to fund a new round of economic stimulus through a large-scale issuance of bonds. On November 26, according to media reports citing informed sources, Prime Minister Sanae Takaichi’s government plans to issue at least 11.5 trillion yen (approximately US$73.5 billion) in

US healthcare conducts first large-scale drug price negotiations: 15 drugs average 44% price cut

US healthcare conducts first large-scale drug price negotiations: 15 drugs average 44% price cut

The U.S. Centers for Medicare & Medicaid Services (CMS) have completed the first large-scale drug price negotiation in history, reducing prices by an average of 44% for 15 drugs used to treat serious chronic diseases and cancer, and are expected to save the Medicare system $1.2 billion. This

U.S. durable goods orders for September preliminary reading: 0.5% month-on-month, expected 0.5%, previous 2.9%

U.S. durable goods orders for September preliminary reading: 0.5% month-on-month, expected 0.5%, previous 2.9%

US September durable goods orders preliminary month-on-month: 0.5%, expected: 0.5%, previous: 2.9%. Updating...... Risk Warning and DisclaimerThe market has risks; investment needs caution. This article does not constitute personal investment advice, nor does it take into account the special investment objectives, financial situation, or needs of individual

U.S. initial jobless claims fell to 216,000 last week, the lowest since mid-April.

U.S. initial jobless claims fell to 216,000 last week, the lowest since mid-April.

The number of people applying for unemployment benefits in the U.S. unexpectedly fell last week to its lowest level since mid-April, remaining overall at a relatively low level. According to data released by the U.S. Department of Labor on Wednesday, in the week ending November 22, initial claims

Shadow of Tariffs Looms as U.S. Consumers Shift to Stockpiling Essentials for Black Friday

Shadow of Tariffs Looms as U.S. Consumers Shift to Stockpiling Essentials for Black Friday

This Black Friday, American consumers’ shopping carts have changed significantly, shifting from pursuing big-ticket discounts to stocking up on daily necessities like dog food and dish detergent. This trend reflects concerns about rising tariffs and persistently increasing living costs. According to the latest data from the National Retail Federation, 85%