latest news in economy
Corporate Profit Expectations Rise as Analysts Predict Strong Third-Quarter Gains
New York, Monday, 28 September 2026.
Analyst sentiment is defying historical trends with earnings estimates rising 1.3% entering the third quarter, driven by strong growth projections exceeding 25% in technology and energy sectors.
Japanese Stocks Fall as Investors Await Key US Chip Earnings
Tokyo, Monday, 28 September 2026.
Japan’s Nikkei index surrendered early 1% gains on Monday as falling US technology futures and anticipation surrounding Micron Technology’s upcoming quarterly earnings report prompted cautious profit-taking.
Young Workers Master Artificial Intelligence, But Jobs and Higher Pay Remain Out of Reach
Geneva, Monday, 28 September 2026.
Despite 91% of youth using artificial intelligence weekly, structural barriers prevent them from converting technical skills into jobs and income, creating a critical new economic divide.
Artificial Intelligence Data Centers Set to Consume One Percent of Global Electricity by 2030
New York, Monday, 28 September 2026.
Driven by high-power hardware drawing six times more energy than traditional racks, artificial intelligence data centers are projected to devour one percent of global electricity by 2030.
Hospital Artificial Intelligence Tools Drive Nearly One Billion Dollars in Extra Insurance Spending
Chicago, Sunday, 27 September 2026.
Hospital artificial intelligence documentation tools added $942 million to insurance costs over two years by detecting complex billable conditions without any matching increase in actual patient care.
How Stock Gains Drive Wealthy Consumer Spending
New York, Sunday, 27 September 2026.
Despite persistent inflation, affluent Americans sustain robust consumer spending by increasingly liquidating stock market gains, with investment-to-checking account transfers among top earners quadrupling to over 20% since 2015.
Tech Giants Bet Trillions on Artificial Intelligence Infrastructure Despite Mounting Losses
San Francisco, Sunday, 27 September 2026.
Hyperscalers are projected to spend over $10 trillion on artificial intelligence infrastructure, prioritizing long-term economic transformation over current losses, as political leaders frame the race as vital for national survival.