Reported 4 months ago
In the latest episode of Market Domination Overtime, Yahoo Finance discusses major indexes' positive close despite mixed economic data. Tech earnings from HPE and CrowdStrike exceeded expectations, with AI-driven gains. However, MIT Professor Daron Acemoglu's study suggests AI may only increase economic productivity by 0.71% in the next decade, as AI still cannot perform most human tasks. Key events for June 5 include Purchasing Managers' Index and retail earnings. HPE reported Q2 earnings above estimates, while CrowdStrike's forecast surpassed expectations. Additionally, A I impacts less than 5% of the workforce and is not predicted to significantly affect inequality.
Source: YAHOO