AI could force 11 million US workers into new careers by 2035, says McKinsey report
Automation may eliminate demand for 36 million jobs, but AI and economic growth could create 41 million positions over the next decade, McKinsey noted...
Tag : United States
The debt bomb: America’s USD 40 trillion reckoning
The debt has doubled in a decade under two Presidents and two parties, and the bond market has finally started charging for it...
US 10-year Treasury yield breaches 5% amid mounting inflation, borrowing needs
Surging crude prices fuelled fears that inflation could remain elevated, complicating expectations for the Federal Reserve’s policy decision...
No US trade deal without Canadian auto sector, Ottawa says amid trade war
The trade deal that fell apart would have cut the top-line tariff rate on Canadian cars and light-duty trucks from 25% to 15%...
Fed’s next policy meeting in focus as US inflation remains elevated
In July, the Personal Consumption Expenditures Price Index increased 3.7% in the 12 months through the month, unchanged from June...
Canada-US trade war: Honda reconsiders North American expansion
The trade arrangement, which covers over 500 million consumers, is currently uncertain, with US and Canada imposing tariffs on each other's imports....
US borrowing costs rise as attempts to ease rates prove short-lived
Treasury yields rebound despite increased bond buybacks as investors focus on inflation, record debt and uncertainty over the Federal Reserve’s rate path...
USMCA hangs in balance as US-Mexico talks take centre stage after Canada breakdown
The breakdown in negotiations between the Washington and Ottawa has cast a shadow on the future of the trilateral agreement, that is up for review in 2026...
Amid US tariff pressure, Switzerland updates FTA with China
Swiss president Guy Parmelin and China's Commerce Minister Wang Wentao announced the conclusion of the talks after a meeting in Bern on August 20...
US debt tops USD 40 trillion, Trump again calls for lower interest rates
In a headache for the White House, the debt, that was below USD 20 trillion in 2016, has more than doubled in roughly a decade...