Newsweek (October 12)
U.S. baby boomers (born between 1946 and 1964) account for approximately “52 percent of total U.S. household net worth.” They “own roughly 41 percent of all U.S. real estate assets,” which translates to “nearly $19 trillion worth of property.” As they age, boomers are “poised to reshape large parts of the U.S. economy in the coming years as their enormous wealth and changing needs redirect spending toward health care, housing, financial services and premium experiences.”
Tags: $19 trillion, $52, 1946, 1964, 41%, Assets, Baby boomers, Economy, Financial services, Health care, Household net worth, Housing, Real estate, Reshape, Spending, U.S., Wealth
Wall Street Journal (September 26)
“Walmart executives aren’t sugarcoating the message: Artificial intelligence will wipe out jobs and reshape its workforce.” They are not alone. “Companies including Ford, JPMorgan Chase and Amazon have bluntly predicted job losses associated with AI.” For the next three years at Walmart, head count is “expected to stay flat… despite growth plans, as AI eliminates or transforms roles.” Beyond that time frame, the outlook “remains murky” for the specifics of its labor force composition, but it will definitely be leaner.
Tags: AI, Amazon, Companies, Eliminates, Executives, Ford, Growth, Head count, Job losses, JPMorgan Chase, Murky, Reshape, Sugarcoating, Transforms, Walmart, Workforce
Washington Post (May 29)
“A pair of courtroom defeats has blown a hole in President Donald Trump’s plan to use historically high tariffs to reshape global trade, raise hundreds of billions of dollars in new tax revenue and boost the fortunes of domestic manufacturers.”
Tags: Blown, Boost fortunes, Courtroom defeats, Domestic, Global trade, Hole, Manufacturers, Plan, Reshape, Tariffs, Tax revenue, Trump
