Members of the Federal Reserve rate-setting committee say they are factoring increased labor productivity into their economic forecasts as artificial intelligence technology becomes more widely adopted. Fed Chair Jerome Powell addressed this topic in his December news conference, saying that in past technology waves “there’s always been more work and higher productivity and incomes have … Read more
From July 2024 to July 2025, 1 in 3 condos sold in Manhattan sold at a loss, according to luxury real estate firm Brown Harris Stevens. Experts say this dynamic is somewhat typical in a city with high selling fees and high tax rates. What is unusual is the borough’s wavering property values over the … Read more
U.S. White House economic adviser Kevin Hassett speaks in front of a TV camera at the White House in Washington, D.C., U.S., November 13, 2025. Kevin Lamarque | Reuters Back pay owed to federal workers for the time they were furloughed during the government shutdown is expected to land in their bank accounts early next … Read more