BusinessEconomy and Trading

Jobless Growth Becomes New Normal as AI Reshapes Labor Market

Goldman Sachs economists identify “jobless growth” as the new labor market normal, where AI-driven productivity gains outpace hiring. This trend particularly impacts Gen Z and entry-level workers despite solid GDP growth.

The United States is experiencing a troubling new economic phenomenon that Goldman Sachs economists call “jobless growth” – a situation where robust GDP expansion coincides with stagnant hiring, creating particular challenges for Gen Z workers and recent college graduates. According to recent analysis by Goldman economists David Mericle and Pierfrancesco Mei, this pattern represents a fundamental shift in labor market dynamics that’s likely to persist throughout the mid-2020s.

The Anatomy of Jobless Growth

Arts and EntertainmentGovernmentPolicy

California AI Chatbot Law Protects Children from Harmful Interactions

California has enacted groundbreaking legislation regulating AI chatbots to protect children and teens. The law mandates regular notifications when minors interact with AI systems and requires companies to implement suicide prevention measures. This comes amid growing concerns about harmful chatbot interactions with young users.

California Governor Gavin Newsom has signed landmark AI legislation establishing comprehensive protections for children and teenagers interacting with artificial intelligence chatbots. The new law represents one of the most significant regulatory measures targeting the rapidly expanding AI industry and addresses mounting concerns about chatbot safety for minors who increasingly turn to these systems for homework assistance, emotional support, and personal advice.

Key Provisions of California’s AI Protection Law

BusinessLeadership

** Fortune Most Powerful Women Asia 2025: CFOs from Huawei, ByteDance, Sony, Temasek Lead Business Influence

** Fortune’s Most Powerful Women Asia 2025 highlights 100 leaders, including CFOs from Huawei, ByteDance, Sony, and Temasek, who are leveraging regional and global volatility for strategic advantage. These executives drive finance and tech sectors with measurable impact and cross-border influence. Discover their roles in shaping Asia’s economic future. **CONTENT:**

Fortune’s Most Powerful Women Asia 2025 list showcases 100 influential leaders, including top CFOs from companies like Huawei, ByteDance, Sony, and Temasek, who are capitalizing on regional and global volatility to drive business success. Selected by Fortune editors for their strategic reach and capacity to shape industries, these women exemplify leadership in finance and technology. This year’s honorees, such as DBS CEO Tan Su Shan, who tops the list, navigate challenges like trade tensions and financial innovations, underscoring their pivotal roles in Asia’s evolving economic landscape.

Assistive TechnologySustainability

Apple Expands Renewable Energy Projects to Match iPhone Electricity Use With Clean Power

Apple is significantly expanding its renewable energy capacity across Europe to match the electricity consumers use to charge iPhones and power Macs. The initiative includes new solar and wind projects generating over 1 million megawatt-hours of clean electricity by 2030. This supports Apple’s broader carbon neutrality goals while benefiting European energy grids.

Apple has unveiled an ambitious expansion of renewable energy projects across Europe designed to match the electricity consumption of iPhone charging and device power usage with clean energy sources. This strategic move represents a significant step toward the company’s carbon neutrality by 2030 commitment, specifically addressing the energy consumers use to power Apple products after purchase. According to the company’s official announcement, this initiative will generate over 1 million megawatt-hours of clean electricity specifically allocated to match customer energy use.

Apple’s European Renewable Energy Expansion

BusinessNanomaterials

** China Rare-Earth Export Restrictions Boost MP Materials Stock as Supply Fears Grow

** MP Materials stock surged 8% after China announced expanded rare-earth export controls. The US company stands to benefit from reduced Chinese supply and increased domestic investment. Geopolitical tensions highlight America’s critical minerals vulnerability. **CONTENT:**

China’s latest rare-earth export restrictions are pushing MP Materials stock significantly higher as investors bet on reduced Chinese supply and increased US domestic production. The Las Vegas-based company saw its shares jump approximately 8% on Friday after Beijing revealed expanded controls covering 12 of the 17 rare earth elements, with new regulations taking effect December 1 that will require foreign purchasers to secure licenses. This development comes amid renewed U.S.-China trade tensions and highlights America’s vulnerability in critical minerals supply chains.

Arts and EntertainmentLeadership

AI Success Demands Transformative Leadership and Strategic Implementation

Organizations consistently stumble with AI implementation not due to technological limitations but leadership failures. Transformative change requires disciplined exploration phases and coalition-building rather than immediate ROI demands. Learn the patterns that separate successful AI adoption from disappointing outcomes.

True AI success demands more than technological capability—it requires leaders who understand and practice transformative change management. As organizations race to implement artificial intelligence solutions, many are repeating the same mistakes that plagued previous technological revolutions, from internet adoption to mobile transformation. The critical differentiator between successful and failed implementations consistently comes down to leadership approach rather than technical specifications.

The Repeating Pattern of Technology Implementation Failures