Browsing: Investing

After spending much of the past few months traveling from Europe to India to China, I’ve been struck by the disconnect between how many Americans talk about our country’s financial system and how clients around the world describe it to me. At home, the conversation often focuses on volatility, dysfunction, and decline. Abroad, governments, companies,…

Detroit is known for its resilience. In 2023, the city reversed years of population decline, signaling renewed confidence in the Motor City and its future.1 Still, affordable housing remains a challenge. Detroit has the lowest median household income among the 25 largest U.S. metropolitan areas.2 Roughly 60% of the city’s renters spend more than 30%…

Artificial intelligence (AI) is proliferating across the economy, with applications ranging from hospital diagnostics to internet queries. The emergence of AI in so many areas raises the questions: Which industries spend the most on AI, and has that list changed as AI tools have become more widely available? In a recent Monthly Labor Review article,…