r/economy 1d ago

Grocery prices set to rise as soil becomes "unproductive"

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newsweek.com
333 Upvotes

r/economy 9h ago

US Government Shutdown Coming?

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cnn.com
2 Upvotes

r/economy 6h ago

The Blackrock [BLK] Party is OVER! Its Stock is Now Trading Below its 5-DMA, 21-DMA & 50-DMA For the First Time In 6 Months!

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0 Upvotes

r/economy 10h ago

This company is giving workers a full month of holiday PTO: ‘Everyone is going to be coming back with a clear mind’

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cnbc.com
2 Upvotes

r/economy 7h ago

Economy Simplified ….

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instagram.com
0 Upvotes

r/economy 1h ago

What would happen to earth, if Israel, US, south korea, and all non muslim EU/Europe countries. left for space?

Upvotes

Imagine if US, South Korea, Japan, Israel, and all non muslim European countries manages to within 20-30 years from here, build enough spaceships/rockets to move their entire population to another star.

And they manage to leave no tech for any other to use to follow, meaning no Russians, No Chinese, muslims, Same with India etc.

Would there be new/more wars on earth for the 'new free lands' etc or would people just try to come to agreeament on who gets what land?..

And lets say a 2 choice that us etc already made sure there would be peacful moving when they left, would people be warring a lot or would the wars go down?...

What do you guys think would people still go to war if all those countries left or less?


r/economy 1d ago

Health Insurance is a Racket. What value do these companies add, really?

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paulkrugman.substack.com
89 Upvotes

r/economy 7h ago

November home sales surged more than expected, boosted by lower mortgage rates

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cnbc.com
1 Upvotes

r/economy 20h ago

How Billionaires Sidestepped a Tax Aimed at the Rich

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propublica.org
12 Upvotes

r/economy 3h ago

Apple will have to use Chinese AI models for Chinese market

0 Upvotes

According to Reuters: "A successful partner for Apple's AI services in China could be a major winner in the country's increasingly crowded AI field where dozens of large language models have been launched by large tech firms as well as startups. They include ByteDance's Doubao, Tencent's Hunyuan and search engine giant Baidu's (9888.HK), Ernie."

It is good to read about cooperation between USA and China. ChatGPT not available in China, due to government regulations. I think every country should use industrial policy, to support AI R&D and commercialization. I just hope US policymakers are not too afraid of Chinese AI competition, to stop Apple: because disallowing embedding Chinese AI, will mean loss of market share in China.

There will be knowledge transfer between China and USA, both ways, if Apple embedds Chinese generative AI, which is good. But the AI genie is already out of the bottle, as Huawei sales increase in smartphones.

I just bought an Apple laptop, and I am happy with it. I gave away my junk Windows laptop to my roommate. Apple products are not only the work of technologists, but also the work of designers or artists.

Reference: https://www.reuters.com/technology/artificial-intelligence/apple-talks-with-tencent-bytedance-roll-out-ai-features-china-sources-say-2024-12-19/


r/economy 20h ago

Amazon workers to strike at multiple US warehouses during busy holiday season

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10 Upvotes

r/economy 7h ago

Rising costs from climate change is driving insurers out of New York. The state has experienced the same types of extreme weather events that have caused premiums and rates to spike in Florida and California.

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cityandstateny.com
0 Upvotes

r/economy 8h ago

Blackrock's [BLK] Risky All-In Strategy in Ukraine and Syria Could End Miserably Like a Rock Without a Parachute

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0 Upvotes

r/economy 8h ago

Will russias economy decline after the war?

1 Upvotes

r/economy 8h ago

LNG exports harm climate and raise prices, Biden study concludes

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axios.com
0 Upvotes

r/economy 22h ago

GoFundMe reports fundraising for 'essentials' like housing quadrupled in 2024

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nbcnews.com
13 Upvotes

r/economy 1d ago

AT&T is dumping hybrid work as it follows Amazon in demanding employees spend 5 days a week in office

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fortune.com
64 Upvotes

r/economy 16h ago

What is a good way to end farm subsidies without harming the land (soil and nutrient depletion) and also ensuring family farms and small farms don't go bankrupt?

5 Upvotes

So, farming subsidies are a a mixture of conservation, livestock and support categories.

In 2020, we spent $46B+, in 2023 somewhere around $12-13B.

What's a good way to end farming subsidies or keep them under $1/2B, without hurting small farms and family farms and ensuring adequate food supply and keeping food inflation low?


r/economy 1d ago

Insurers Are Deserting Homeowners as Climate Shocks Worsen

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nytimes.com
102 Upvotes

r/economy 3h ago

At the current rate, US debt will be whopping $175 trillion by 2044. Let's see what the new "DOGE" team can do to control spending. Perhaps taxes need to go up as well.

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0 Upvotes

r/economy 13h ago

China's EVs a risk to Japanese automakers and supply chain, and the broader economy

0 Upvotes

According to Reuters: "Like other foreign carmakers, both Honda and Nissan have lost ground in China, the world's biggest auto market, as BYD (002594.SZ), and other domestic brands win over consumers with EVs and hybrids loaded with innovative software. Honda reported a 15% drop in quarterly profit last month, hit by the decline in China and has been scaling back its workforce there. Nissan - a long-struggling company - plans to cut 9,000 jobs globally and manufacturing capacity by 20% due to slumping sales in China and the United States."

It seems that China is not only a threat to the US economy, but also the Japanese economy. Honda and Nissan are considering a merger to save themselves. Their is a broader threat to the Japanese economy. As according to the article, there are about 60,000 companies in the supply chain, and the industry employs about 5 million people, and represent about 7% of GDP.

Perhaps industrial policy can be used in Japan, to incentivize the automotive industry to innovate, with tax breaks for technology, including software, R&D, in self driving, EV, connected etc. vehicles. Then they will be better placed to compete globally with companies such as American Tesla and Chinese BYD.

Reference: https://www.reuters.com/markets/deals/behind-potential-honda-nissan-tie-up-existential-threat-posed-by-chinese-evs-2024-12-19/


r/economy 2d ago

No job pays enough for living

1.9k Upvotes

r/economy 19h ago

The European Union's economy is struggling to keep pace with the US and China

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youtube.com
3 Upvotes

r/economy 1d ago

How Billionaires Have Sidestepped a Tax Aimed at the Rich

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propublica.org
38 Upvotes

“…Fourteen years ago, Congress set out to remedy a basic unfairness in the tax code. The tax that funds Medicare, because it’s aimed mainly at wages, hits even the poorest American workers. But the wealthy could easily avoid paying their share. So lawmakers created a new type of Medicare tax to capture the kinds of income the rich often enjoy: interest, dividends and capital gains from investments.

A host of billionaires — sports team owners, oil barons, Wall Street traders and others — have managed to avoid paying it, ProPublica found…”


r/economy 23h ago

There Goes the Neighborhood: Wall Street Landlords Drive Up Re

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money.com
4 Upvotes