Economics

Patent Drop

PayPal “Fairness-Aware” Model Patent Highlights Bias Issues in Financial AI

Photo via U.S. Patent and Trademark Office

The filing highlights the importance of eliminating bias in AI-powered financial platforms.

2 min read

Image Credit: iStock Images, Gabriel Shakour

International Economics

Canada Slashes Interest Rates, Europe Likely to Follow Suit

Canada’s economy has been kept in check due to higher levels of household debt and shorter-term mortgages in Canada compared to the US.

2 min read
(Photo by Federal Reserve Board of Governors via Flickr)

Inflation & Prices

Hooray? The US Economy May Finally Be Slowing

It has taken a while, but recent data suggests that the Federal Reserve’s rate hikes may finally be taming inflation.

2 min read
Photo by Sam Lion via Pexels

Indicators

The Inverted Yield Curve Usually Predicts a Recession — Until Now

The yield curve has now been inverted for around 400 trading sessions, and there’s no recession in sight. So what gives?

1 min read

Personal Finance

Best Buy and Amazon Are Among Most Impersonated Companies by Scammers

Photo by Jenny Ueberberg via Unsplash

Impersonation frauds were the most common scams reported to the FTC in 2023, accounting for $2.7 billion in losses.

1 min read

Inflation & Prices

April’s Inflation Report Finally Hints at Progress

Photo by Atoms via Unsplash

The CPI rose just 0.3% from the previous month. Perhaps most importantly, the annual core rate fell from a year earlier.

2 min read

Inflation & Prices

Renters Are Losing Hope They’ll Ever Own a House

Photo by Aubrey Odom via Unsplash

A New York Fed survey found renters saying their probability of ever owning a home fell to 40.1%, a new low.

2 min read

Sign Up for The Daily Upside to Unlock This Article

Sharp news & analysis on finance, economics, and investing.