Is Waymo Friend or Foe to Uber?

The Labor Department's latest monthly report on hiring and unemployment will include revisions for previous months, providing a more accurate picture of the U.S. job market but potentially causing confusion due to differing data sources and methodologies. The revisions are part of an annual process to reconcile survey data with more reliable sources, with recent job growth expected to be revised down, making the job gains during the Biden administration appear weaker. Additionally, the revisions...

Despite frigid conditions in much of the United States, January 2025 was the warmest on record globally, surprising climate researchers during La Niña conditions. Scientists are investigating whether other factors besides carbon emissions are contributing to the planet's ongoing warmth. Reductions in air pollution may be accelerating global warming, as sulfate particles that once shielded Earth from the sun are diminishing. James Hansen warned that the U.N.'s climate goals are now "impossible" without significant changes...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Sir Keir Starmer announces changes to the planning system to speed up delivery of new nuclear power stations in the UK, aiming to introduce small modular reactors and give developers more flexibility in site selection. The government's nuclear projects, including Hinkley Point C and plans for Sizewell and Wylfa, are facing delays and budget overruns, while ministers are overseeing a competition...

Americans, especially young entrepreneurs, are embracing side hustles to earn extra income, with 44% of millennials and 48% of Gen Z already involved. Surprisingly, Gen Alpha, aged 1-14, are also joining the trend, with 69% planning or starting side hustles for financial security, according to Acorns' report. Parents play a role in shaping their children's financial habits, with 63% of kids hearing about money often and learning important money management skills from a young age....

The U.S. trade deficit in goods reached a record $1.2 trillion in 2024, driven by strong imports of auto parts, weight-loss drugs, computers, and food, while export growth was hampered by a strong U.S. dollar. The deficit with China was the largest, at $295.4 billion, and President Trump may use the data to justify trade actions against other countries. Despite criticism, economists attribute the deficit to the U.S. economy's strength, with consumers continuing to spend...

The recruitment industry faces challenges during economic downturns, with companies like SThree, Robert Walters, and Hays feeling the impact and implementing cost-cutting measures to navigate difficult times. Despite the current market stress, these asset-light firms have the potential for recovery, especially for investors who can buy near book value and withstand short-term volatility. While further pain may be expected, there is an opportunity for long-term gains by investing strategically in these resilient businesses. Full Article