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Don't expect ChatGPT to transform the US economy in the next decade, Nobel laureate Paul Krugman says

"ChatGPT and whatever follows are probably an economic story for the 2030s, not for the next few ye…

Zahra Tayeb   


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Elon Musk's massive ego explains why he doubts government data and believes a recession is underway, Nobel laureate Paul Krugman says

Elon Musk is a "recession truther" because his hubris means he's easily duped into believing false …

Theron Mohamed   


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How Nobel economists spend their $1 million winnings

Nobel Prize winners won over $1 million this year. Some past laureates have used their money on eve…

Juliana Kaplan   


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Nobel laureate Paul Krugman says bailing out SVB was sensible but annoying - and calls for tougher rules to prevent more bank failures

Krugman flagged the risk that guaranteeing Silicon Valley Bank's deposits could encourage more reck…

Theron Mohamed   


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Nobel laureate Paul Krugman says the Fed doesn't realize it's already beaten inflation – because it's fixated on flawed price measures

The Fed's chosen inflation gauge lags economic reality like "a one-eyed bearded man with a limp," K…

Zinya Salfiti   


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China is entering an era of stagnation and disappointment that may not be resolved like Japan's, Nobel economist Paul Krugman says

"Let's not gloat about China's economic stumble, which may become everyone's problem," Paul Krugman…

Filip De Mott   


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Nobel laureate Paul Krugman is baffled again - he can't tell if the job market is cooling or not and doubts the Fed's next move matters much

Paul Krugman, the Nobel Prize-winning economist, said he can't gauge whether the labor market is ti…

Zahra Tayeb   


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Nobel laureate Paul Krugman says he's confused by the current US economy - and predicts the Fed will keep fighting inflation until it's clearly won

Paul Krugman isn't sure whether inflation is fading or lingering, as job numbers point to a robust …

Theron Mohamed   


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Elon Musk's conservative politics are hurting his personal brand and alienating Tesla's main customers, Nobel laureate Paul Krugman says

The Tesla chief's embrace of conservative politics is at odds with the wealthy, environmentally con…

Theron Mohamed   


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Nobel laureate Paul Krugman compares Tesla to bitcoin — and says he wouldn't trust Elon Musk to feed his cat

Breathless hype and faith underpin the valuations of both Tesla and bitcoin, but some of Musk's app…

Theron Mohamed   


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Nobel laureate Paul Krugman says the US rental market is cooling off – and official price stats overstate the inflation threat

The remote-working boom drove up rents and fueled historic inflation, but that upward pressure on p…

Theron Mohamed   


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Dollarization won't be the 'magical' solution to Argentina's roaring inflation problem, Nobel economist Paul Krugman says

Infusing the dollar into Argentina's economy won't be enough to solve the country's deep-seated eco…

Jennifer Sor   


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Nobel laureate Paul Krugman warns the US economy's rebound won't last - and flags housing and exports as key worries

The Fed's interest-rate hikes have boosted the dollar and raised mortgage costs, which doesn't bode…

Theron Mohamed   


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Nobel laureate Paul Krugman shoots down claims that Biden's student-debt relief plan will fuel inflation

The veteran economist pointed to the small scale of the program, how it's being offset by loan paym…

Theron Mohamed   


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Nobel laureate Paul Krugman calls for a crypto crackdown after the FTX fiasco - and warns regulation could wipe out the industry

Plunging prices and collapsing companies show the crypto industry needs stricter rules, but it migh…

Theron Mohamed   


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Nobel laureate Paul Krugman says the Fed can crush inflation without tanking the economy or causing unemployment to soar

The central bank should gradually raise interest rates in a bid to avoid a painful recession and sw…

Theron Mohamed   


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Nobel laureate Paul Krugman compares the crypto craze to the housing bubble - and warns digital tokens might be worthless

Krugman compared the hype around crypto to people refusing to believe that the US housing market co…

Theron Mohamed   


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Nobel Prize foundation bars Russia from awards ceremony after 'strong reactions'

In a statement, the Nobel Foundation said the controversy over its invite to Russia had "completely…

Charles R. Davis   


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South Africa's Archbishop Emeritus and Nobel Peace Prize laureate Desmond Tutu has died at 90

South African President Cyril Ramaphosa said Tutu was "a man of extraordinary intellect, integrity,…

Sarah Al-Arshani   


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Nobel laureate Paul Krugman predicts a housing-market slump and an exports decline - and suggests the Fed has already done enough to conquer inflation

The veteran economist warned against further interest-rate hikes, as he expects a housing slowdown …

Theron Mohamed