Michael Sasso

A new Federal Reserve study reveals that a scarcity of job openings, not a lack of AI skills, is the primary driver of unemployment among young Americans. While AI does present a challenge for recent graduates, the broader economic slowdown and reduced hiring have a more significant impact. This research suggests a wider issue than just technological shifts affecting the youth job market.

Independence Day period set to be third-most expensive for US drivers on record.

At a Shell station in Southern California with a giant U.S. flag flying overhead, Luis Velasquez added just a single gallon of gas to his white

Americans hit the peak of the summer driving season this July 4 holiday weekend wincing at the cost of gasoline, still running nearly a dollar a gallon higher than before the war with Iran despite falling sharply in recent weeks.

Americans hit the peak of the summer driving season this July 4 holiday weekend wincing at the cost of gasoline, still running nearly a dollar a gallon higher than before the war with Iran despite falling sharply in recent weeks.

Weak job openings boosted unemployment by about 2.2 percentage points, while AI demand boosted it by about 1.7 points.

Sales of previously owned US homes slipped back in June, dragged down by stubbornly high mortgage rates that have kept the housing market stuck in a yearslong slump.

The number of new firms projected within 12 months is 24% higher than a year ago in some sectors

Projections of new firms within the coming year soared to a record in some sectors

Artificial intelligence is acting as a force multiplier for entrepreneurs, sparking a record wave of new businesses.