Dorde Krstic/ShutterstockAI is changing how people bank, save, borrow and ask for help. It could make finance faster, cheaper – and even more personal. But if customers cannot understand decisions, challenge mistakes or reach a human when things go wrong, “smart” finance may simply become a more efficient way to frustrate people.
Employers added 172,000 jobs in May, adding to a vigorous pace of hiring in recent months. But wage growth is not keeping up with higher prices and consumers remain pessimistic.
Anoopc79/ShutterstockA holy grail of environmental policy is an economy that delivers prosperity without requiring the ever-increasing consumption of raw materials.
Agostino Capponi and Jin-Wook ChangThis paper investigates how settlement speed affects financial stability in payment networks, accounting for netting benefits, liquidity costs, and counterparty risks. Faster settlement reduces crisis likelihood but amplifies crisis severity. The net welfare effect depends on network topology and proximity to default threshold points—settlement times at which the number of defaulting agents changes discontinuously.
The Beach at Trouville by Claude Monet (1870). The National Gallery, LondonBurnout feels like a thoroughly modern concept – one borne from our age of global digital communication and long office hours. But the Victorians also had an idea of burnout, one they termed “overwork”.
Nomi2626/ShutterstockThe Fifa men’s football World Cup is one of the most powerful brands in sport, attracting global attention with a simple formula of rarity, intensity and consequence.
The stronger-than-expected report offers President Trump a talking point for the midterms, even as it also reduces the odds that the Federal Reserve may cut rates.
Data are pointing toward recovery after a stagnant 2025, though slow work force growth may keep a lid on growth.
Officials at the Federal Reserve have turned their focus to resurgent inflation.
Beyond the well-known names, Jeffrey Epstein's network of contacts had infiltrated the boardrooms of hundreds of major U.S. companies, with clear consequences for corporate conduct.
