California will face economic collapse under Gov. Gavin Newsom’s “misguided” climate policy — with crippling job losses and sky-high gas prices, Chevron warned in a doomsday letter to the lefty ...

Bank of America economists debunk AI job-loss fears behind the stock selloff, arguing AI drives creative destruction, not collapse.

A new report lays out a death spiral for the economy in which AI displaces white-collar workers, which causes economic ruin.

It seems as though the markets are bracing for an AI-induced economic collapse, but Bank of America isn’t buying that doomsday narrative. In a fresh note, the bank’s economists reject the idea that AI ...