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Ray Dalio calls for wealth ‘redistribution policy’ when AI and humanoid robots start to benefit the 1% to 10% more than everyone else thumbnail
Canada Inquirer

Ray Dalio calls for wealth ‘redistribution policy’ when AI and humanoid robots start to benefit the 1% to 10% more than everyone else

Legendary investor Ray Dalio, founder of Bridgewater Associates, has issued a stark warning regarding the future impact of artificial intelligence (AI) and humanoid...

Former Goldman Sachs CEO during 2008 crash says markets are ‘due’ for a crisis: ‘It doesn’t matter that you can’t see where it’s coming from’ thumbnail
Canada Inquirer

Former Goldman Sachs CEO during 2008 crash says markets are ‘due’ for a crisis: ‘It doesn’t matter that you can’t see where it’s coming from’

Lloyd Blankfein, the Goldman Sachs CEO between 2006 and 2018, has said he’s developed a sense of foreboding around economic crises.  In an...

Wall Street’s future hinges on a risky bet about what the American economy will do next thumbnail
Canada Inquirer

Wall Street’s future hinges on a risky bet about what the American economy will do next

Wall Street is coasting toward the finish of its best week in the last five on Friday as U.S. stocks hang near their record...

Blackstone exec says elite Ivy League degrees aren’t good enough—new analysts need to ‘work harder’ and be nice  thumbnail
Canada Inquirer

Blackstone exec says elite Ivy League degrees aren’t good enough—new analysts need to ‘work harder’ and be nice 

A top Blackstone executive says that elite degrees will only get you so far—people with qualities like strong work ethic, an entrepreneurial mindset,...

One of the most common reasons that AI products fail? Bad data thumbnail
Canada Inquirer

One of the most common reasons that AI products fail? Bad data

When Salesforce recently rolled out an AI agent on its website, the agent started to hallucinate and wasn’t giving consistent results. Salesforce ended...

The progress that girls were making in STEM classes has gone into reverse since the pandemic thumbnail
Canada Inquirer

The progress that girls were making in STEM classes has gone into reverse since the pandemic

Crowded around a workshop table, four girls at de Zavala Middle School puzzled over a Lego machine they had built. As they flashed...

The most troubling feature of the job market is how thinly spread gains are, top economist says — ‘this only happens when the economy is in recession’ thumbnail
Canada Inquirer

The most troubling feature of the job market is how thinly spread gains are, top economist says — ‘this only happens when the economy is in recession’

The U.S. economy barely added any jobs last month, and the majority of industries are actually shedding workers. Without gains in the healthcare...

First-of-its-kind study finds ‘secret fresh water’ that may stretch from New Jersey to Maine thumbnail
Canada Inquirer

First-of-its-kind study finds ‘secret fresh water’ that may stretch from New Jersey to Maine

Deep in Earth’s past, an icy landscape became a seascape as the ice melted and the oceans rose off what is now the...

Gen Z’s beloved ‘Italian Brain Rot’ is unproductive and pointless—and that may be the point thumbnail
Canada Inquirer

Gen Z’s beloved ‘Italian Brain Rot’ is unproductive and pointless—and that may be the point

It’s normal to “view the thing the newest generation is doing with fear and suspicion,” she said, pointing to how past generations have...

Dow futures rise as recession fears grow while Wall Street awaits the one thing that could derail Fed rate cuts thumbnail
Canada Inquirer

Dow futures rise as recession fears grow while Wall Street awaits the one thing that could derail Fed rate cuts

U.S. stocks are poised to begin the week in positive territory as futures pointed to a rally ahead of another big week. That...