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The Latest Breaking News from Joseph Briggs

AI unlikely to trigger 'Job Apocalypse', it may create uneven workforce disruption: Goldman Sachs Report

A Goldman Sachs report suggests that concerns regarding an impending 'AI job apocalypse' may be overstated. Over the next decade, while AI will inevitably displace millions of jobs in the US, experts are optimistic about the creation of new roles that will balance this shift. Some economists warn of initial…

The Economic Times

Powell says that, unlike the dotcom boom, AI spending isn’t a bubble: ‘I won’t go into particular names, but they actually have earnings’

However, the Fed chair noted that the growth is unevenly distributed and concentrated among only a few companies.

Fortune

College Students Are Getting Discouraged About Their Job Prospects Amid The Relentless AI Boom

Artificial intelligence is innovating many industries, but there is a growing concern among young professionals that AI may be coming for their jobs. Bentley University Lecturer Jeff LeBlanc says that his students occasionally joke about AI taking their jobs.

Benzinga

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AI has added $160 billion to 'true GDP' since 2022, Goldman Sachs says. There's just one problem: That's not official

AI is either adding 0.1% or 0.3% to GDP. The difference matters.

Fortune

Goldman Sachs economist warns Gen Z tech workers are first on the chopping block as AI shows signs of shaking up the labor market

Unemployment among 20- to 30-year-olds in the tech sector has increased 3% since the beginning of the year, said Goldman Sachs senior economist Joseph Briggs.

Fortune

Goldman Sachs warns tariffs won’t help the U.S. boost manufacturing productivity as tech in American factories continues to lag

Manufacturing productivity is slumping. Tariffs can’t reverse that—but AI might.

Fortune

The Fed will likely keep interest rates on hold today, so markets will be watching for Trump’s reaction

If markets are hoping for some hints from Jerome Powell, the Fed chairman might disappoint.

Fortune

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Here’s when AI will launch a decade-long cycle of economic growth and productivity gains

The bank predicts that productivity and GDP gains will start two years from now in 2027 and continue through most of the 2030s.

Fortune

Goldman Sachs Expects Major Selloffs In Canadian Dollar, Mexican Peso, Says Trump Tariffs Threaten USMCA Agreement

Trump's tariff proposal could have major economic consequences, including higher prices and exchange rates. Goldman Sachs predicts significant impact.

Benzinga

Mother jailed over baby daughter's drowning in tub

A mother's few minutes of inattention while given her baby daughter a bath have resulted in "devastating consequences," a court has heard.

AAP

Woman jailed over drink driving that killed teenager

A woman has been sentenced for driving drunk and double the speed limit before a crash that killed a young man and left another with extensive facial injuries.

AAP

Goldman Sachs: AI Investment Could Outpace Historical Milestones, Boost GDP By 2.5-4%

Generative AI has enormous economic potential, global labor productivity could increase by over 1% annually

Zenger

Man strangled fellow inmate in bid for 'notoriety'

A mentally ill Queensland prisoner told police he killed his cellmate after watching a Mad Max film prompted him to act on a long-held fantasy.

AAP

The U.S. housing market is holding up the best in the global correction—here's how far Goldman Sachs see global home prices falling

Goldman sees U.S. home prices having their second-biggest decline since World War II—but it's not even close to the Great Recession

Fortune

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AAP

Stab victim may have 'led group to danger'

A defence barrister says a heavily intoxicated Benjamin Suttie may have led his group toward danger in an error of judgment before being fatally stabbed.

People

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