The Daily

The effects of artificial intelligence on the U.S. economy “are probably not great at this time,” Federal Reserve Chairman Jerome Powell told senators Wednesday, but the technology is likely to usher in “significant changes” to the labor market in the years ahead.

Appearing before the Senate Banking Committee, Powell said it’s an open question how big AI’s impact will be on the economy,

 » Read more about: Fed chair sees AI creating ‘significant changes’ to US workforce  »

The U.S. dollar plunged Thursday to a three-year low after word got out that President Donald Trump is plotting to announce a MAGA-friendly Federal Reserve chair as early as this summer.

Peeved at Federal Reserve Chair Jerome Powell’s refusal to slash interest rates, Trump has unleashed blistering attacks against the banker,

 » Read more about: Trump Sends Dollar Plunging With Plan to Turn Federal Reserve MAGA  »

Today’s high-octane AI stocks could be some of the worst performers over the next year, based on the forecasts of select analysts.

 » Read more about: 3 Skyrocketing Artificial Intelligence (AI) Stocks That Can Plummet 71% to 80%, According to Select Wall Street Analysts  »

• Bridge, recently acquired by private fintech giant Stripe for $1.1 billion, is building infrastructure to support stablecoin payments.
• Zach Abrams, Bridge co-founder and CEO, said the market is estimated to grow into the trillions and could be the biggest global money-moving shift since the introduction of credit cards.
• Companies like SpaceX,

 » Read more about: What's driving Wall Street stablecoin interest? Trillions up for grabs in the future and banks getting ready for it  »

Australia’s richest person, iron ore billionaire, Gina Rinehart, has dismissed investor concern about the falling price of the steel making material by signing up for her half-share in a new $1.6 billion mine.

With long-term corporate partner,

 » Read more about: Rinehart Ignores Falling Price To Invest $800 Million In A New Mine  »

 » Read more about: Invest 95E could become Tropical Storm Flossie in Eastern Pacific this weekend  »

These companies are the best at what they do, and they have years of continued growth ahead.

 » Read more about: Want $1 Million in Retirement? Invest $100,000 in These 3 Stocks and Wait a Decade.  »

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy.

 » Read more about: 13 Best Long Term Growth Stocks to Invest in Right Now  »

In the not-too-distant future, a 16-acre patch of ground just off Hecktown Road on the border of Lower Nazareth and Bethlehem townships will be one of the sweetest places in the Lehigh Valley.

Ground was broken Thursday morning by Kervan USA for its future headquarters and manufacturing site, which will be about 90,000 square feet.

 » Read more about: Candy company picks Lehigh Valley for manufacturing, will invest nearly $20 million for new headquarters  »

 » Read more about: Nvidia Could Send This AI Networking Stock 6 Feet Underground  »