Further results on AI and labor market reallocation
This paper documents how artificial intelligence has affected stocks and flows in the U.S. labor market. Combining CPS and JOLTS data with AI exposure and adoption measures from OpenAI and…
This paper documents how artificial intelligence has affected stocks and flows in the U.S. labor market. Combining CPS and JOLTS data with AI exposure and adoption measures from OpenAI and…
Here’s the S&P 500 (daily close) with the key COVID and policy events marked; the numbered key is below the chart. Event key: Dec 31 – China reports the Wuhan…
Introduction: UK house prices fall in August Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. UK house prices have fallen on…
U.S. insurance stocks have been doing quite well since the beginning of May 2026, and they have materially outperformed the overall market. I’m using the May 1 close through the…
Key events Vistry gets £350m grant to build over 3,000 affordable homes; shares surge Vistry Group, one of the UK’s biggest housebuilders, has bagged a grant of £350m under the…
Key events Rob Wood, chief economist at Pantheon Macroeconomics, said rising employment and wage gains suggest the Bank of Engand’s monetary policy committee needs to be cautious. double quotation markThere…
We study the demand for safety and liquidity in the crypto ecosystem. We do so under a framework in which a representative investor allocates liquidity across stablecoin deposits in lending…
Key events The rout in AI stocks also followed a report by the Information that China has begun mass production of homegrown deep ultraviolet, or DUV, chipmaking tools. Jing Jie…
Introduction: SpaceX raises $75bn in world’s biggest IPO Good morning. Elon Musk’s SpaceX will touch down on the US stock market today after successfully conducting a record-breaking initial public offering,…
Just under three years ago, the Food and Drug Administration deemed 19 peptide drugs too unsafe to be dispensed by compounding pharmacies, which mix components of approved drugs to create…