economy

Majority of U.S. Workers Support AI Sovereign Wealth Fund Amid Rising Tech Layoffs, Survey Reveals

07/12/2026, 06:32 AM economy research

A recent poll indicates that 69% of U.S. employees support the establishment of an AI sovereign wealth fund to hold tech companies accountable amid rising layoffs, highlighting a growing demand for equitable distribution of AI-generated wealth.

AI Executives Assert Strong Demand for AI Technology Despite Market Volatility

07/11/2026, 10:30 PM economy review ai semiconductors Meta Platforms Nebius Intel

Despite recent volatility in chip stocks, executives in the AI sector assert that demand for AI technology remains robust, indicating ongoing growth potential in the semiconductor market.

Wall Street Faces Volatility from AI Trade and Oil Prices Amid Mixed Semiconductor Performance

07/11/2026, 09:31 AM economy review ai semiconductors Micron Meta Platforms Honeywell Samsung Apple Broadcom

Last week, Wall Street experienced a volatile mix of gains driven by the AI sector and setbacks due to rising oil prices and geopolitical tensions, highlighting the fragility of the current market rally.

Analysts Mike Akins recommends investing in underperforming software and cloud computing stocks for potential gains in the second half of the year

07/11/2026, 08:31 AM economy forecast Analysts: analysts software ai Microsoft Nvidia

Investors are encouraged to consider underperforming sectors, particularly software and cloud computing, as potential high-return opportunities in the latter half of the year, according to ETF Action co-founder Mike Akins.

BrainCo, a Chinese startup, focuses on non-invasive brain-computer interface technology as an alternative to Elon Musk’s Neuralink

07/11/2026, 07:31 AM economy growth ai

China's BrainCo is focusing on non-invasive brain-computer interface (BCI) technology, contrasting with Elon Musk's Neuralink, which uses invasive implants. This shift highlights a growing interest in wearable neural tech that could expand market opportunities and reduce risks associated with surgical procedures.

'Funflation' Affects Home Entertainment as Prices Rise for Streaming and Gaming

07/11/2026, 06:32 AM economy review software consumer Microsoft Apple

Consumers are increasingly feeling the impact of rising prices in home entertainment, a phenomenon termed 'funflation,' as major companies like Microsoft and Apple raise prices for gaming consoles and streaming services, leading to decreased spending among younger demographics.

Amazon’s Mass Layoffs Impact Employees Amidst AI Restructuring in the Job Market

07/11/2026, 05:31 AM economy downsizing tech ai Amazon

Amazon's recent layoffs, affecting approximately 16,000 employees in January alone, highlight the ongoing transformation in the tech sector driven by artificial intelligence, as companies restructure and automate roles to invest in new capabilities. This trend has significant implications for the job market and the future of work in the industry.

The AI Landscape Shifts Towards Cost-Effective, Specialized Models

07/10/2026, 02:35 PM economy review ai

The AI landscape is evolving from a focus on larger models to more efficient systems that utilize a mix of open and proprietary models tailored for specific tasks, which could impact the pricing power of leading AI firms.

Apple (AAPL) Stock Reaches Record Highs Amid AI Strategy Shift

07/10/2026, 01:36 PM economy review ai software Apple

Apple's stock has recently achieved a record close, distinguishing itself from other major tech companies as it benefits from a strategic approach to artificial intelligence that emphasizes efficiency over excessive spending.

U.S. Commerce Department Eases Export Controls for UAE, Favoring MGX Amid Criticism from Senator Elizabeth Warren

07/10/2026, 01:36 PM economy announcement ai finance MGX Amazon Microsoft

The Commerce Department's decision to ease export controls for the UAE, particularly favoring MGX, raises concerns about potential conflicts of interest linked to President Trump's financial ties, which could impact U.S. policy and national security.