Barr: 'now is the time' to prepare for AI-driven job losses

Federal Reserve Gov. Michael Barr said artificial intelligence has not yet had a material impact on the labor market, but governments and businesses should be prepared nonetheless.

Federal Reserve Gov. Michael Barr said artificial intelligence has not yet had a material impact on the labor market, but governments and businesses should be prepared nonetheless.
Interactive Brokers Group reported higher second-quarter profit and revenue on Tuesday, as growth in customer accounts, trading volumes and margin lending lifted its main business lines. The automated broker posted net revenue of $1.90 billion for the three months through June, up 28% from $1.48 billion a year earlier, while diluted earnings per share rose…
India’s new transport links are beginning to show their economic value in a direct way: fewer hours lost on the road or rail. Bridges, tunnels, expressways and faster trains are shortening journeys that once depended on slow highways, mountain passes, ferry crossings or long detours. For businesses and travellers, the gains are not just about…
Denver’s newest office tower landed a new tenant — a fertility clinic. Spring Fertility leased approximately 13K SF at 1900 Lawrence St., a 30-story, 720K SF office tower that opened in 2024. The company signed a 15-year lease, Spring Fertility Senior Vice President of Marketing Meghan Dwyer told Bisnow in an email. 1900 Lawrence St….
Living Fund portfolio expands to 1,246 homes with residential commitments exceeding £530 million. Your trusted source for commercial real estate intelligence, insights, and market analysis. Register for free to access two complimentary articles per month, or Subscribe to unlock unlimited CRE intelligence. Already have an account? Log in The post Royal London enters UK single-family…
Houston’s retail market is sustaining its record-high occupancy streak as demand quickly fills new and vacated spaces across the metro area, leaving a question of why some high-profile spaces remain empty. The former Whole Foods at 515 Elgin St. in Houston was under an apartment complex called Pearl Marketplace. Houston retail ended the second quarter at…
The former executive director of the Watertown Housing Authority in Massachusetts was forced to step down after it was revealed he’d stolen thousands of taxpayer dollars from the organization to renovate the bathroom in his home. From 2019 to 2025, Michael Lara served as the executive director of the Watertown Housing Authority, which manages affordable…