How China gets better bang for its buck than America in AI
Its investment lags far behind America’s. Its models do not
4 hours ago
The Economist - Latest News Tracking & Analysis
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How do prediction markets settle their bets? | The Economist
Prediction-market platforms like Kalshi and Polymarket let their users bet on world events. But when outcomes are ambiguous, who gets to decide what happened? Read how these sites adjudicate reality: bit.ly/4vZjB5i Subscribe to The Economist: https://econ.st/3Mia0pz Download The Economist app: https://econ.st/4qdVVaA Follow us on X: https://x.com/TheEconomist Follow us on Instagram: https://www.instagram.com/theeconomist Follow us on Facebook: https://www.facebook.com/TheEconomist
5 hours ago
What will Kevin Warsh do if America’s economy breaks?
An enigmatic Fed faces the risk of AI stocks falling and the oil price soaring
1 day ago
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Is billionaire wealth becoming more legitimate | The Economist
Are today's billionaires really different from those of the past? Callum Williams, The Economist's Senior economics writer and Rosie Blau, Co-host of The Intelligence podcast, discuss why more billionaire wealth now comes from entrepreneurship rather than inheritance or political connections, what has driven that shift and whether it changes the case for wealth taxes. 00:00 - Why is anti-billionaire sentiment growing? 00:38 - Are billionaires actually getting "better"? 01:51 - Where do today's self-made billionaires make their money? 03:16 - Why are there more self-made billionaires than before? 04:59 - Are billionaires still gaming the system? 07:21 - Does being self-made weaken the case for a wealth tax? 08:37 - Should we think differently about billionaire wealth? Subscribe: https://www.economist.com/subscribe Download the App: https://www.economist.com/get-the-app Instagram: https://www.instagram.com/theeconomist/ Facebook: https://www.facebook.com/TheEconomist/ X:https://x.com/TheEconomist #TheEconomist #Billionaires #WealthTax
2 days ago
Is billionaire wealth becoming more legitimate? | The Economist
Are today's billionaires really different from those of the past? Callum Williams, The Economist's Senior economics writer and Rosie Blau, Co-host of The Intelligence podcast, discuss why more billionaire wealth now comes from entrepreneurship rather than inheritance or political connections, what has driven that shift and whether it changes the case for wealth taxes. 00:00 - Why is anti-billionaire sentiment growing? 00:38 - Are billionaires actually getting "better"? 01:51 - Where do today's self-made billionaires make their money? 03:16 - Why are there more self-made billionaires than before? 04:59 - Are billionaires still gaming the system? 07:21 - Does being self-made weaken the case for a wealth tax? 08:37 - Should we think differently about billionaire wealth? Subscribe: https://www.economist.com/subscribe Download the App: https://www.economist.com/get-the-app Instagram: https://www.instagram.com/theeconomist/ Facebook: https://www.facebook.com/TheEconomist/ X:https://x.com/TheEconomist #TheEconomist #Billionaires #WealthTax
2 days ago
How big of a threat is Belarus? | The Economist
From sabotage attacks to assisting Vladimir Putin’s war in Ukraine, the president of Belarus, Alexander Lukashenko, poses a unique security problem for Europe. How dangerous is Putin’s authoritarian ally?
2 days ago
What Big Macs can tell you about the global economy | The Economist
What can Big Macs tell you about the global economy? The Economist’s top editors discuss how comparing the price of burgers across the world can be a valuable tool for economic analysis. #mcdonalds #economics #markets #economy #trade #burger Watch the full show: http://bit.ly/4fPJcYz Sign up to the Insider newsletter: https://econ.st/4nOyzIb Subscribe to The Economist: https://www.economist.com/subscribe Download our app: https://www.economist.com/get-the-app Follow The Economist on Instagram: https://www.instagram.com/theeconomist/ Follow The Economist on Facebook: https://www.facebook.com/TheEconomist Follow The Economist on X: https://x.com/TheEconomist
3 days ago
What can Big Macs tell you about the global economy? | The Economist
McDonald’s Big Macs can tell you more about the global economy than you might think. Forty years ago The Economist began comparing the prices of the burger around the world to judge whether currencies were too cheap or too expensive. Zanny Minton Beddoes, our editor-in-chief, and Edward Carr, deputy editor, are joined by a panel of our economics and markets experts to discuss what the Big Max index can reveal about the global economy and the extent of the index’s shortcomings. #mcdonalds #economics #markets #economy #trade #burger Watch the full show: http://bit.ly/4fPJcYz Sign up to the Insider newsletter: https://econ.st/4nOyzIb Subscribe to The Economist: https://www.economist.com/subscribe Download our app: https://www.economist.com/get-the-app Follow The Economist on Instagram: https://www.instagram.com/theeconomist/ Follow The Economist on Facebook: https://www.facebook.com/TheEconomist Follow The Economist on X: https://x.com/TheEconomist
3 days ago
Do billionaires deserve their wealth? | The Economist
The outrage at billionaires has been growing. After years of high inflation hitting living standards, people are looking for someone to blame and political strategists have realised that billionaires are the perfect enemy. From California to France, calls for wealth taxes on members of the ten-figure club have been getting louder. But do some billionaires deserve their wealth? Henry Curr, Josh Roberts and Archie Hall, three of The Economist’s economics and markets experts, explore the economic arguments behind whether some billionaires are more worthy than others. #billionaire #taylorswift #politics #economy 00:00 - Why fans forgive Taylor Swift’s fortune more easily than Jeff Bezos’s 01:23 - Economist arguments: do billionaires deserve the wealth they’ve amassed? 03:07 - What would taxing billionaire fortunes really cost society? Watch the full show: http://bit.ly/4fuoSwY Sign up to the Insider newsletter: https://econ.st/4nOyzIb Subscribe to The Economist: https://www.economist.com/subscribe Download our app: https://www.economist.com/get-the-app Follow The Economist on Instagram: https://www.instagram.com/theeconomist/ Follow The Economist on Facebook: https://www.facebook.com/TheEconomist Follow The Economist on X: https://x.com/TheEconomist
4 days ago
Oil prices remain highly flammable
As tensions flare in the Gulf, triple digits could return in a flash
4 days ago